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Re: Z-trade post# 50855

Wednesday, 04/10/2024 5:04:05 PM

Wednesday, April 10, 2024 5:04:05 PM

Post# of 50868
FINRA does not approve anything. And they warn folks about people and companies that make that claim.

Be Wary of Announcements Regarding FINRA "Approval" of a Corporate Action

Companies undergoing a corporate action often issue a press release or other communication, such as a tweet or other social media post, to provide details of the change. For instance, a company might announce a new corporate name that reflects a change in product lines or business focus. However, in the past, some companies have used these publications to suggest that FINRA has somehow "approved" a corporate action or that a corporate action will be effective once FINRA approves it. To clarify, this is not the case: FINRA does not approve corporate actions.



https://www.nasdaq.com/articles/corporate-actions-public-companies-what-you-should-know-2017-12-28


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