Ubiquity Inc. (fka UBIQ)

[Renee]

UBIQ: SEC Stay Order:

https://www.sec.gov/alj/aljorders/2017/ap-4926.pdf

The Securities and Exchange Commission instituted this proceeding with an Order Instituting Proceedings, pursuant to Section 12(j) of the Securities Exchange Act of 1934, on March 20, 2017. The Division of Enforcement’s motion for summary disposition, filed pursuant to 17 C.F.R. § 201.250(b), and responsive pleadings are pending. See Ubiquity, Inc., Admin. Proc. Rulings Release No. 4902, 2017 SEC LEXIS 1997 (A.L.J. June 30, 2017). The Division and Ubiquity, Inc., have now jointly moved for a stay pursuant to 17 C.F.R. § 201.161(c)(2), stating that Ubiquity has submitted a signed settlement offer, which provides the full relief that the Division seeks in this proceeding and which the Division intends to recommend favorably to the Commission. Accordingly, the proceeding will be stayed, contingent upon compliance with 17 C.F.R. § 201.161(c)(2).