He said just this morning that triggers for deficiency determination could be: "• The issuer is not current in its reporting obligations with the Securities and Exchange Commission;"
When in fact the guideline is :"(2) the issuer is not current in its reporting requirements, if applicable, to the SEC or other regulatory authority"
Why would He misquote the regulations twice in 2 days, even after being called out on it yesterday❓️❓️
HiLo quoted under triggers for deficiency determination: "FINRA believes the forms are incomplete, inaccurate or filed without the appropriate corporate authority;"
Wrong: it actually reads:" FINRA staff reasonably believes the forms and all supporting documentation, in whole or in part, may not be complete, accurate or with proper authority"