The SEC doesn't just "reinstate" revoked companies out of the goodness of its heart. The company would have to file a Form 10 and then get FINRA to approve a Form 211.
Thank you for the reply
Hypothetical situation- OTS makes a mistake and tells the FDIC to place a bank into receivership--bank sues to remove the receivership--bank loses summary judgment in Federal Court--Bank appeals to court of appeals--Banks lawyers on contingency basis--drops appeal just as it goes to court---(in the best interest of the bank)--banks holding company is in chapter 7--FDIC is a creditor and a defendant--SEC is a trustee--$60m in debt and $4m in assets --rumor of a settlement (confidential of course)--FDIC wouldn't release the entire Admin. Record
My question would the SEC work in concert with the FDIC, DOJ,OTS, OCC to bring about a settlement (conclusion) to the case that would please all (AHEM) and NOT set a precedent. And with a settlement it is possible that the company withdraw the bankruptcy, and file a Form 10 and get approved?
Thanks for your indulgence
New
Market Data 
Markets 
AI
