From eTrade: WTF, they rely on word from the company, not any regulatory body?
Thank you for your inquiry regarding the reverse split. I apologize that you feel that the laws have been violated. E*TRADE does not announce a split. The decision is made by the board of directors from the issuing company. It is not the responsibility of the brokerage firm to confirm the validity of the corporate actions. We act on the public release from the issuing company. E*TRADE acts as the middle man. If you feel there is an issue with the split, you need to contact MAMG's investor relations. Although this company does not provide a phone number, you can reach them through their website www.mediamagicinc.com. The otcbb website would not be the best resource for reverse split information. Thank you.
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