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Monday, January 19, 2026 10:55:15 AM
If you're trying to imply that FINRA requires "audited" financial records for a name change under the RM, you would be wrong.
See a Form 10? Do you even see an auditor??
FINRA reviews corporate actions (including name changes, ticker changes, reverse splits, and reverse mergers) under FINRA Rule 6490, which focuses on:
• Properly executed corporate documents
• Board and shareholder approvals
• State-filed amendments
• CUSIP confirmation
• Merger or reorganization agreements
• Payment of applicable fees
None of the required items include audited financials.
This is supported by corporate-action guidance showing the required documents: board resolutions, shareholder consents, articles of amendment, CUSIP letters, and merger agreements — not audits.
Audits become relevant only when:
• The company is preparing to uplist (OTCQB, Nasdaq, etc.)
• The company is preparing SEC filings (e.g., Form 10, S-1)
• The company wants to regain or maintain “current information” status
Example: Renewal Fuels (RNWF) filed a name change with FINRA while separately working on PCAOB audits for other regulatory goals — but the audit was not a requirement for the name change itself.
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