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delerious1

08/21/23 9:18 AM

#143468 RE: Hi_Lo #143448

Once again HiLo is wrong {lieing?)

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❓️❓️

https://www.finra.org/rules-guidance/rulebooks/finra-rules/6490
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delerious1

08/21/23 9:38 AM

#143470 RE: Hi_Lo #143448

Found another misquote:

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"

At least he got 4 words right this time

https://www.finra.org/rules-guidance/rulebooks/finra-rules/6490