Spongetech Delivery Systems, Inc. (fka SPNGQ)

[loanranger]

Go,
Have patience and I'll try and provide your facts.
For starters, this is from Investopedia.......they tend to oversimplify, but sometimes that helps:
"To summarize, the SEC is responsible for ensuring fairness for the individual investor and Finra is responsible for overseeing virtually all U.S. stockbrokers and brokerage firms. In the grand scheme of things, FINRA is overseen by the SEC."

Next post will deal with the SEC ruling and what it means to FINRA.