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Pastimes : Plastics to Oil - Pyrolysis and Secret Catalysts and Alterna
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To: SteveF who wrote (15490)12/16/2011 8:08:20 PM
From: old 'n crankyRead Replies (1) of 53574
 
"Firms are required to update a representative's regulatory record by filing a Form U4 reporting the receipt of a Wells Notice within 30 days of learning of the Notice."

There's a difference between the requirements that FINRA imposes on its securities industries members and those that the SEC requires of issuers. The issue was whether an issuer had to file an 8-K to report a Wells Notice..Goldman Sachs did not and the SEC did not sanction them for not doing so.

Again, from what I believe to be an authoritative article:
"The fact that the S.E.C. rule specifically identifies governmental litigation supports disclosing the Wells notice, but no company has even been found in violation of the disclosure rules for not doing so."


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