One of you state that, "Possible confusion of the name isn't the issue that is worrisome."
Unfortunately, it is not what you believe, but what FINRA practices in approving name changes that is controlling.
FINRA Rule 2010
Even if a proposed firm name complies with the provisions set forth in the FINRA By-Laws, staff may still deny the name under FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade) if the name otherwise would be confusing or misleading to investors. For example, a firm’s request for the name “Warren Buffett Securities” (if requested by a firm that has no affiliation with Mr. Buffett) would be confusing or misleading to investors because they may believe that the firm is owned by or otherwise associated with Warren Buffett.
It is an objective test that FINRA applies. Again, American Blockchain Corporation or any variance of that name does not trade on any exchange at the present time. Accordingly, no innocent investor would be confused or misled by the name American Blockchain Corporation. This is the only issue before FINRA. It is the governing Law for approval of name changes. George Sharp and his attorneys are very well aware of this Rule. It is the conerstone of receiving approval for a name change as FINRA's job is to protect the investor from confusion or being misled. Any other argument to the contrary is simply misguided.
Again, I urge everyone to read FINRA Rule 2010 for guidance and stay within the parameters of that box. Not even FINRA goes outside of that box. Yet certain posters here do and, in doing so, they are confusing and misleading the Board as to the applicable process and standards for a FINRA name change.
In summary, the proposed name change meets the FINRA requirements for same.
Have a great week everyone. 😌😌😌
$GVSI
Bullish
