Replies to post #40541 on Fortitude Group, Inc. (FRTD)

[QServus]

Merging company"s DD HAS NOTHING TO DO WITH the SEC Suspension.

No MM is permitted to solicit investors (this includes buyouts/mergers, where a transfer of stock would be facilitated by an MM)

UNTIL:

- Form 211 Filed + Approved by FINRA

- EAR Rule 15c2-11 satisfied

- Rule 6432 (FINRA) satisfied

Which means that, as stated before, a broker-dealer (MM) has to sponsor FRTD via Form 211 and then FINRA has to approve the application.

In other words, MM cannot solicit/recommend any security transaction UNTIL FINRA approves Form 211

Which is where it gets fuzzy, cause I don't recall FINRA successfully approving any FORM 211 endorsement where company was put to greys. EVER


Greys are the SEC shit-list scams graveyard

[ChartTRACKER]

$FRTD: Merging Company's DD has NOTHING to do with the SEC Suspension.
Period.