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janice shell

11/29/12 4:03 PM

#80225 RE: Windchime #80218

For the most part, FINRA's job is to regulate broker-dealers. But they're also charged with processing corporate actions for OTC companies. In some circumstances they can deny those actions. If, for example, the company is a delinquent filer, or is under SEC investigation. I think GTGP would qualify on both counts.

FINRA does have a fraud department, and they do investigate suspected scams. They then refer those cases to the SEC for action.

It's impossible to say without more information, but Fallacaro's interview sounded more like an SEC event than something arranged by FINRA.