Replies to post #114017 on DD Support Board and Research Team

[janice shell]

FINRA has no power to deny applications.

FINRA can indeed deny corporate action requests, though only for very specific reasons:

http://finra.complinet.com/en/display/display.html?rbid=2403&record_id=12829&element_id=9364&highlight=6490#r12829

As you say, it can also ask questions and request additional information. Sometimes the company gets tired of that and just give up.