Replies to post #132501 on JB and ZJMY Holding Co (JBZY)

[Snug Harbour]

That's hilarious

[Choi]

The basis for Finra's rule 6490 which has 5 determining factors cannot legally deny DOLV's corporate action if they all have been satisfied which I believe is the case.


I believe they commented and questioned outside of the confines of the rule 6490 on quite a few occasions. I believe they broke that rule, which should be illegal imo (I also heard someone at Finra falsely represented himself as an Ombudsman a few times which is illegal)...


Here are the 5 factors of the rule 6490 that determine whether or not a corporate action get's approved.

(1) FINRA staff reasonably believes the forms and all supporting documentation, in whole or in part, may not be complete, accurate or with proper authority;

(2) the issuer is not current in its reporting obligations, if applicable, to the Commission or other regulatory authority;

(3) FINRA has actual knowledge that parties related to the Company-Related Action are the subject of pending, adjudicated or settled regulatory action or investigation by a regulatory body, or civil or criminal action related to fraud or securities laws violations;

(4) a government authority or regulator has provided information to FINRA, or FINRA has actual knowledge, indicating that persons related to the Company-Related Action may be potentially involved in fraudulent activities related to the securities market and/or pose a threat to public investors; and/or

(5) there is significant uncertainty in the settlement and clearance process for the security.

https://www.sec.gov/rules/sro/finra/2010/34-62434.pdf


If you have any concerns or complaints about FINRA's operation, enforcement or other activities, and staff please contact the Ombudsman here...

https://ombudsman.finra.org/