🚨Breaking News🚨
SEC Violates Rule 203(b)(3) for AMC Entertainment
Investors are alarmed as the SEC has failed to enforce Rule 203(b)(3) for AMC Entertainment, a threshold security. This critical rule mandates broker-dealers to close out fail-to-deliver positions within 13 consecutive settlement days.
Despite the clear requirement, AMC Entertainment has remained on the threshold list for a concerning 18 consecutive days, exceeding the allowed timeframe for closing out these positions.
Rule 203(b)(3) is instrumental in upholding market stability and transparency, safeguarding investors from potential manipulative activities. Its timely implementation is essential to maintain market integrity and foster unwavering investor confidence.
The SEC's apparent non-compliance with this rule raises serious concerns and may impact AMC's stock price and overall market dynamics. Investors and financial experts are closely monitoring the situation for further developments and regulatory actions.
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Learn more about what's new in this thread:
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A new mainnet upgrade has been performed and activated, bringing a feature de-sync for NFTs and meta ESDTs.
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