A massive group of investors will now occupy FINRA offices and locations across the United States on Friday, December 8.
#OccupyFINRA sheds light on the anniversary of the MMTLP U3 halt that occurred last year, just days before the deletion of the ticker.
Investors have raised awareness of the market injustice that caused families to lose their homes and much worse when their money became trapped.
It’s been nearly a year now with no resolution from U.S. regulators.
Congress has been very proactive thanks to thousands of investors calling their representatives in what has been one of the most organized Main Street events in history.
Two letters were recently sent to the SEC Chair and FINRA CEO on Tuesday and Wednesday of this week from two different members of Congress.
On Tuesday, Congress member Jared Huffman wrote to Gary Gensler and FINRA CEO Robert Cook describing constituents who are experiencing financial distress as a result of FINRA’s trading halt of MMTLP.
“They [The Constituents] are requesting affirmation that SEC and/or FINRA acted within their regulatory authority and operated under standard practices by issuing the trading halt, and a written response outlining what they can expect to occur with regard to their current holdings, including timelines,” said the Congress member.
On Wednesday, Congress member Vicente Gonzalez wrote to SEC Chairman Gary Gensler also requesting answers on the MMTLP fraud.
More than 40,000 letters have been sent to Congress this year, with several of our reports on the matter now being cited by an official Congressional report.
Congress is very well aware of investors’ concerns.
It’s important to note that any protests occurring next month is suggested to remain peaceful and investors should practice safety.
Investors participating in Occupy FINRA can access all FINRA offices and locations here.
This is a developing story.
Also Read: A Senator Now Puts Pressure on FINRA Regarding MMTLP
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