FINRA clearly believes it is necessary to halt trading in order to protect the interests of current investors. In fact, it is among the most common reasons for a trading halt. Imposing a trading halt in anticipation of an important market event is commonplace, as the Corporate Finance Institute explains. It’s also worth noting that FINRA’s actions are nothing new. “FINRA may impose a trading and quotation halt in an OTC Equity Security pursuant to Rule 6440(a)(3) where FINRA determines, in its discretion, based on the facts and circumstances of the particular event, that halting trading in the security is the appropriate mechanism to protect investors and ensure a fair and orderly marketplace.” But so far, the actions all seem to be above board, with no illegal activities. Many traders have called for a lawsuit against FINRA and have resorted to tagging market influencers such as Elon Musk and AMC Entertainment (NYSE: AMC) CEO Adam Aron. Investor Relations Contact: Mark Komonoski (87) META's transfer agent (DRS): AST Financial. Some have accused the organization of market manipulation while others have touted the levels of short interest. The basic idea behind this approach is that META MATERIALS and Tesla should bear some resemblance to each other or to other equities in a similar class. Since FINRA imposed the trading halt, though, retail investors have been voicing their anger.
Until today, everything seemed to be going according to plan. Pan also notes that the date of record is scheduled for Dec. Get the latest Meta Materials Inc (MMAT) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. The newly received Next Bridge shares will not be tradable either, nor are they eligible for electronic transfers through clearing corporations.” “MMTLP shareholders should conduct adequate due diligence on this situation, as the preferred shares will cease to trade on the over-the-counter (OTC) market following the spinoff. As InvestorPlace Assistant News Writer Eddie Pan reports: While MMAT is down today, the spinoff will likely help boost it when Next Bridge Hydrocarbons officially replaces MMTLP stock. Discuss Teslas Model S, Model 3, Model X, Model Y, Cybertruck, Roadster and More. (META) is a developer of metamaterial research and products, nanofabrication, and computational electromagnetics. HALIFAX, NS / ACCESSWIRE / J/ Meta Materials Inc. In this case, it is the Next Bridge Hydrocarbons spinoff, an event that promises to generate high trading volume upon its completion. Agreement to Acquire Assets and Extensive IP Portfolio of Optodot Corporation.
#Meta materials and tesla code
It has been given the halt code U3, indicating that it pre-dates a significant event. FINRA confirmed the trading halt this morning on its over-the-counter equities list.
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