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Re: AlaskaOTC post# 89785

Tuesday, 06/18/2024 5:24:33 PM

Tuesday, June 18, 2024 5:24:33 PM

Post# of 90559
$VXIT because it hasn't been reported in a filling dumbass!! Bring that up when you have seen it posted to the OTC Daily List.

The Role of Regulators
As the Securities and Exchange Commission (SEC) explains, "state corporate law and a company's articles of incorporation and by-laws generally govern the company's ability to declare a reverse stock split and whether shareholder approval is required." FINRA does not approve reverse splits, but it does process reverse stock splits as part of its functions related to company corporate actions in the OTC market. OTC companies must submit notice to FINRA 10 days prior to the record/effective date of the corporate action. Once a corporate action submission is successfully processed (which may take longer than 10 days),it will be posted to the OTC Daily List, where investors can learn about reverse stock splits and other company corporate actions, such as a merger or acquisition, payment of dividends or a company dissolution or liquidation.

https://www.finra.org/investors/investing/investment-products/stocks/stock-splits#:~:text=FINRA%20does%20not%20approve%20reverse%20splits%2C%20but%20it,to%20the%20record%2Feffective%20date%20of%20the%20corporate%20action.



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