It's not just the SEC that passes on some severely delinquent companies/stocks, because FINRA is supposed to delete tickers that have been inactive for a requisite timeframe. WLSI has been delinquent since 2010. I think the SEC uses a dart board to pick stinkers to
file an Admin. Proceeding, and they keep missing WLSI.
Regarding FINRA not deleting the symbol, some neanderthal(s) keep placing trades of insignificant value that appear to keep FINRA's tentacles away.
No rhyme nor reason for WLSI to still exist.
To bite the worm of incite is to bite the HOOK of the antagonist . They win .