Again Finra does not deny or reject ticker and name changes. But they will not process such corporate actions if they find the companies documentation is deficient, incomplete, or if they find the company's directors and the parties they hired to be involved in fraudulent activities.
"If the Department determines that a request to process documentation related to a SEA Rule 10b-17 Action or a Other Company-Related Action is deficient, FINRA staff shall provide written notice to the Requesting Party."
"With regard to the name and ticker change, we are responding to comments from FINRA and expect to complete the process shortly."
That doesn't sound like a written notice from a deficient SEA Rule 10b-17 Action.
Ultimately, companies can make an appeal to the SEC under Exchange Act Section 19(f). Under Section 19(f), to overide Finra's decision in not processing and effectuating such corporate actions.
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