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Re: DR. EVIL post# 32706

Saturday, 07/29/2023 5:14:24 PM

Saturday, July 29, 2023 5:14:24 PM

Post# of 34782
Check if you can find one company press release (other than a broker-dealer FINRA member) where it states they have received merger approval from FINRA. Not name/ticker change, but approval of a merger. With 100's of OTC mergers, there should be a ton of google pages w/ these announcements.

FINRA’s Role in OTC Corporate Actions
Federal securities regulations task FINRA with processing corporate action announcement requests by companies that trade in the over-the-counter (OTC) marketplace rather than on a national securities exchange. Corporate actions reportable to FINRA generally include mergers, a dividend or other distribution of cash or securities, stock splits and name and domicile changes.

FINRA’s processing function helps to keep investors and the market informed of company corporate actions. However, FINRA is not responsible for approving or disapproving the action the company is taking. And FINRA does not review such requests for a company’s compliance with any federal, state or other regulatory requirements. The public company is responsible for making sure their business decisions comply with all applicable laws and regulations.
https://www.finra.org/investors/insights/corporate-actions-public-companies-what-you-should-know#:~:text=FINRA%E2%80%99s%20processing%20function,company%20is%20taking.