InvestorsHub Logo
Followers 431
Posts 51647
Boards Moderated 0
Alias Born 05/03/2000

Re: QX4 post# 1791

Saturday, 04/22/2017 1:17:59 PM

Saturday, April 22, 2017 1:17:59 PM

Post# of 1872
The Securities and Exchange Commission (“Commission”) announced the temporary
suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the "Exchange
Act"), of trading in the securities of Sunshine Capital, Inc. (“SCNP”), of Hollywood, Florida, at
9:30 a.m. EDT on April 12, 2017, and terminating at 11:59 p.m. EDT on April 26, 2017.
The Commission temporarily suspended trading in the securities of SCNP because of questions
regarding the accuracy of assertions by SCNP in press releases to investors concerning, among
other things, the liquidity and value of the company’s assets, namely DIBCOINS, a
cryptocurrency. This order was entered pursuant to Section 12(k) of the Securities Exchange Act
of 1934 (Exchange Act).
The Commission cautions broker-dealers, shareholders, and prospective purchasers that they
should carefully consider the foregoing information along with all other currently available
information and any information subsequently issued by the company.
Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the
Exchange Act, at the termination of the trading suspension, no quotation may be entered unless
and until they have strictly complied with all of the provisions of the rule. If any broker or dealer
has any questions as to whether or not he has complied with the rule, he should not enter any
quotation but immediately contact the staff in the Division of Trading and Markets, Office of
Interpretation and Guidance, at (202) 551-5777. If any broker or dealer is uncertain as to what is
required by Rule 15c2-11, he should refrain from entering quotations relating to SCNP’s
securities until such time as he has familiarized himself with the rule and is certain that all of its
provisions have been met. If any broker or dealer enters any quotation which is in violation of
the rule, the Commission will consider the need for prompt enforcement action.
If any broker-dealer or other person has any information which may relate to this matter, contact
Valerie A. Szczepanik, Assistant Regional Director, New York Regional Office of the Securities
and Exchange Commission at (212) 336-0175. The SEC appreciates the assistance of the
Financial Industry Regulatory Authority

https://www.sec.gov/litigation/suspensions/2017/34-80435.pdf

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.