Replies to post #228342 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[Fire Lane]

yes and no, tex. the SEC can only suspend for 10 days, anything more than that requires a special hearing. FINRA was given new powers and can pretty much do anything they want to do and yes they have used their new powers. its not FINRA/NASDAQ, its FINRA/NASD as they have been combined