Next Bridge Hydrocarbons Reports Continued Efforts to Engage Regulators
Next Bridge Hydrocarbons, Inc., an independent oil and natural gas exploration company based in Midland, Texas, has announced that its recent attempts to engage with federal securities regulators have been unsuccessful. The firm continues seeking direct dialogue regarding issues stemming from FINRA's U3 halt of MMTLP shares, which it claims caused significant share imbalances. On August 7 and 14, 2026, the company’s CEO Greg McCabe reached out to both the SEC and FINRA for meetings. These communications emphasized concerns over unauthorized share creation by broker-dealers and requested a resolution path that would be fair to all parties involved. However, no responses or meeting confirmations have been received. Despite these setbacks, Next Bridge remains committed to pursuing legal avenues while still preferring collaborative solutions with regulators. The company has made its recent letters public for review on their website.
Topics: corporate governance FINRA SEC share imbalances