Replies to post #17138 on DD Support Board and Research Team

[PLAYER ONE]

1man Finra, under its authority, does have the right to ask for any information from any company that is trading under their Market Surveillance division. They are usually thorough and do pass on the info to the appropriate agencies. They usually call first then follow up with their requests for all info especially ones that have the flags. The company will know but it is not a disclosure item.Comes after unusually heavy trading, PRs and pumps.Know quite a few that have received the requests. It also acts a strong signal that you have caught their attention or they have bee asked to request the info from another agency. big warning sign and I like that tactic.

[Old Hillbilly]

1manband Long time no see<g> Can I steal this part of your post?
I lurk in this board and am glad you stuck around, your knowledge is appreciated!

XXXX "voluntarily" reports to Pink OTC, who is NOT a regulator. Instead, their role is essentially that of a paid promoter who simply posts, without comment, whatever a company sends them, regardless of accuracy. Any Financial Statements posted there by a non-reporting company should not be relied upon by anyone, as the vast majority of them are non-GAAP compliant and far from complete. They are usually much more misleading than informative.

Which explains why the company inormation page is usually wrong or outdated.
TIA
Petro trial was postponed till June 4 next year FYI as a side note.