MAXLIFE FUND CORP (fka MXFD)

[petermic]

This is the sort of stock that makes a complete mockery of the OTC-BB, and by extension the NASD and the SEC.

The stock is obviously manipulated, and obviously used to rip off naive investors. The stock bears no relationship whatever to the underlying business, if any exists.

How can NASD even pretend that this is a legitimate marketplace when they allow malignant situations like this to go on week after week?

They talk about market regulation,yet allow these total rip-off to be perpetrated day after day, year after year. It's no wonder the Bulletin Board has the reputation it does - it's almost by design.

OK, here's the joke of the day:

""The creation of FINRA is the most significant modernization of the self-regulatory regime in decades," said Mary L. Schapiro, Chief Executive Officer of FINRA. "With investor protection and market integrity as our overarching objectives, FINRA is an investor-focused and more streamlined regulator that is better suited to the complexity and competitiveness of today's global capital markets."

http://www.finra.org/AboutFINRA/CorporateInformation/index.htm

FINRA says "It is important to note that FINRA has no regulatory authority over OTC Bulletin Board issuers."

So, they are leaving it to the SEC. OTC markets are like an economic free-trade zone in each city where it is legal to trade meth and heroin.