Improve FINRA's Process for Relisting After SEC Suspension
  • Petitioned Richard Ketchum, CEO

This petition was delivered to:

Financial Industry Regulatory Authority (FINRA)
Richard Ketchum, CEO

Improve FINRA's Process for Relisting After SEC Suspension

    1. Petition by

      420 Investor

The cannabis industry is in the beginning stages of a massive transformation, with almost half the states now having adopted a medical marijuana program and two states having implemented programs for legal adult use.  Businesses in the industry have a difficult time accessing capital due to cannabis remaining federally illegal and have turned to the stock market to finance growth.  A recent crackdown by the SEC and FINRA addresses some important issues, but a flaw in the process has created considerable risk for investors and could slow the expansion of the industry, potentially reducing access by medical patients.  FINRA can easily address the issue by changing the process for companies to relist should they be suspended from trading by the SEC.

Recent signatures

    News

    1. Reached 500 signatures

    Supporters

    Reasons for signing

    • Robert Brockman COLOMA, CA
      • 15 days ago

      It should be important to the SEC.....

      REPORT THIS COMMENT:
    • Peter Van Leer UPPER MONTCLAIR, NJ
      • 18 days ago

      Current system is unfair, inefficient and does more to harm than help investors

      REPORT THIS COMMENT:
    • Robert Lynch ARLINGTON, VA
      • 19 days ago

      Because the FINRA process is basically unfair to the investor.

      REPORT THIS COMMENT:
    • pat preboth WICHITA, KS
      • 19 days ago

      halting for poor reasons *reasons to halt should be more clear and run thru a open and specific process -Innocent investors lose real resources as "gov't shoots from the hip--yes clean up the bad guys--but slapping the sector around in general seems unfair...

      REPORT THIS COMMENT:
    • Amen Thomas CALUMET CITY, IL
      • 19 days ago

      The SEC should get the ball rolling instead of halting progress.

      REPORT THIS COMMENT:

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