Aluf Holdings Inc (AHIX)

[Maria56]

I called FINRA back when this board was awaiting the WAFR name and symbol. (That's the kind of DD I do.)

The guy I spoke to didn't impress me much, and I really couldn't get much information out of him. My impression was that FINRA approval is a hoop - one that makes it look as though the market has watch dogs - but it's really just something to jump through. The fee for a name change is $500, so it sounded like a pretty good racket for FINRA.

Especially when the Chinese were doing all those reverse mergers and name changes a few years ago....of one particular company, FINRA itself said,

"The company referenced above went by five different names and trading symbols in five years, with none of the previous names even remotely suggesting an affiliation with China."

http://www.finra.org/Investors/ProtectYourself/InvestorAlerts/FraudsAndScams/p018895

Wow. That's sounds like a ton of FINRA oversight, and they're the ones issuing the warning. LOL.

Whatever. FINRA certainly didn't seem to care that Action Products International, seeking a name change, was DISSOLVED.