Replies to post #7231 on Patriot Energy Corporation (PGYC)

[eddy05]

Understand....(Important)

Pink OTC Markets Inc. is not governed by a securities regulatory authority. It is not a stock exchange. The Financial Industry Regulatory Authority (FINRA) and the U.S. Securities and Exchange Commission (SEC) regulate all Market Makers in Pink Sheets securities. FINRA's responsibilities include establishing rules governing the business conduct of its broker/dealer members; setting qualification standards for securities industry professionals; examining members for their financial and operational condition, as well as their compliance with appropriate rules and regulations; investigating alleged violations of securities laws; disciplining violators of applicable rules and regulations; and responding to inquiries and complaints from investors and members.

Many Pink Sheets stocks are Penny Stocks. Due to the high level of risk involved in investing in Penny Stocks it is "unlawful for a broker or dealer to effect a transaction in any penny stock for or with the account of a customer unless, prior to effecting such transaction, the broker or dealer has furnished to the customer a document containing the information set forth in Schedule 15G and has obtained from the customer a manually signed and dated written acknowledgement of receipt of the document." (SEC Rule 15g-2(a), Risk Disclosure Document Relating to the Penny Stock Market.)

[RabidAnimal]

There could actually be a few reasons why it's not listed on the SEC. I have a few ideas but that would be mostly guess work at this point. Why not just contact the SEC? I have a few times and they have been good at getting back to me rather quickly.