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janice shell

07/23/12 11:40 AM

#28663 RE: Sharktnk #28661

I'm curious too. I thought that had been taken care of last year; all the stocks were reinstated within a day or two.

I don't, of course, remember if any of the stock on that list are also in this list. In any case, I've written to FINRA asking for clarification. I'll let you know if they reply.

Renee

07/23/12 6:46 PM

#28758 RE: Sharktnk #28661

Sharktnk...we're best to wait for Finra's reply to Janice.

In an earlier post I wrote about Suspicious Activity Reports (SARs) that were supposed to get the SEC to take action. We have all witnessed a pandemic of suspicious activities just with the outrageous promo's, yet the SEC hasn't done a cotton pickin thing to shut them down.

Maybe Finra is reacting to the SEC's tardy inaction , much like the DTCC / DTC did with their chill actions against stocks that traded suspiciously...well, until the SEC said the DTCC / DTC couldn't do dat anymore without extending recourse to the chilled stock / company.