Replies to post #23802 on Atlas Lithium Corp (ATLX)

[Full Contact Yoga]

Neither FINRA nor the SEC regulate OTC companies. FINRA does regulate the broker dealers. The only requirement from the OTC to be registered, depending on the level, is an annual report filed to them or one of the other options. Or, an OTC can deregister the shares, exist, and be required to share nothing, like FITX did before hitting the grey sheets. The ticker you cited was a big P and D and may have had other issues as well, but, after a few years or so without an annual they will cease to exist, not uncommon, especially with troubled shells, like BRND, etc, that have other problems. OTCMarkets.com covers it fairly well...FINRA will contact the SEC if issues exist and they may take lead for massive P and D's that evidence non disclosed insider trading, etc, but, it's truly the Wild West, which, explains the disclosures basically stating as such.