FINRA Uses Rule 6490 to Shut Down Wash, Rinse Repeat Issuers

Going Public LawyerSecurities Law Blog FINRA Rule 6490, requires issuers of securities not listed on exchanges to provide timely notice to FINRA of certain corporate actions. Rule 6490 codifies Rule 10b-17 of the Securities Exchange Act.  These corporate actions include name changes, forward stock splits, reverse stock splits, distributions of cash or securities such as dividends, stock splits and other actions, and... Read MoreGoing Public Lawyer
http://www.securitieslawyer101.com/2014/finra-uses-rule-6490to-shutdown-issuers-accepting-toxic-funding/