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Re: AlanC post# 183901

Wednesday, 09/21/2011 2:35:00 PM

Wednesday, September 21, 2011 2:35:00 PM

Post# of 221870
FFGO has survived because the SEC just has not gotten around to
revoking it yet

the rules are the rules

FFGO and NMGL will be revoked if they fail to file
end of story

and with NMGL now a SEC violator

the divvies are 100% Dead ...

please read the agreement between FFGO and NMGL

weasel clauses = is their specialty

plus ..

FINRA rule 6490 clearly spells out the troubles FFGO and NMGL have
in regard to corp actions

The proposal sets forth five factors that the Department can consider in determining whether a request to process documentation is deficient: (1) FINRA staff reasonably believes the forms and all supporting documentation, in whole or in part, may not be complete, accurate or with proper authority; (2) the issuer is not current in its reporting obligations, if applicable, to the Commission or other regulatory authority; (3) FINRA has actual knowledge that parties related to the Company-Related Action are the subject of pending, adjudicated or settled regulatory action or investigation by a regulatory body, or civil or criminal action related to fraud or securities laws violations;10 (4) a government authority or regulator has provided information to
According to FINRA, this factor would include instances when FINRA has actual knowledge of a Commission Order pursuant to Section 12(k) of the Act, 15 U.S.C.
78l(k), temporarily suspending the issuer’s securities or pursuant to Section 12(j) of the
Act, 15 U.S.C. 78l(j), revoking registration of the issuer’s securities.
6
10
FINRA, or FINRA has actual knowledge, indicating that persons related to the Company-Related Action may be potentially involved in fraudulent activities related to the securities market and/or pose a threat to public investors; and/or (5) there is significant uncertainty in the settlement and clearance process for the security.



http://www.sec.gov/rules/sro/finra/2010/34-62434.pdf

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