Solaris Power Cells Inc (fka SPCL)

[TimeMoney]

FYI

SPCL Trading Suspension
https://www.sec.gov/litigation/suspensions/2018/34-83263-o.pdf

UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
May 16, 2018
ORDER OF SUSPENSION OF TRADING
In the Matter of
Solaris Power Cells, Inc., Stragenics, Inc., and Ultimate Rack Inc.,
File No. 500-1
It appears to the Securities and Exchange Commission (“Commission”) that there is a lack of current and accurate information concerning the securities of Solaris Power Cells, Inc. (“SPCL1”) (CIK No. 1411730), a Nevada corporation located in San Diego, California with a class of securities registered with the Commission pursuant to Securities Exchange Act of 1934 ("Exchange Act") Section 12(g) because it is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10-Q for the period ended September 30, 2015. On February 6, 2018, Corporation Finance sent a delinquency letter to SPCL requesting compliance with its periodic filing requirements, but SPCL did not receive the delinquency letter due to its failure to maintain a valid address on file with the Commission as required by Commission rules (Rule 301 of Regulation S-T, 17 C.F.R. Section 232.301 and Section 5.4 of EDGAR Filer Manual). As of May 10, 2018, the common stock of SPCL was quoted on OTC Link operated by OTC Markets Group Inc. (formerly “Pink Sheets”) (“OTC Link”), had five market makers, and was eligible for the “piggyback” exception of Exchange Act Rule 15c2-11(f)(3).
...
The Commission is of the opinion that the public interest and the protection of investors require a suspension of trading in the securities of the above-listed companies. Therefore, it is ordered, pursuant to Section 12(k) of the Securities Exchange Act of 1934, that trading in the securities of the above-listed companies is suspended for the period from 9:30 a.m. EDT on May 17, 2018, through 11:59 p.m. EDT on May 31, 2018.
By the Commission.
Brent J. Fields Secretary

The components I believe are most pertinent to SPCL halt order

THE SECURITIES EXCHANGE ACT OF 1934
https://legcounsel.house.gov/Comps/Securities%20Exchange%20Act%20Of%201934.pdf

Section 15(k)
(1) Trading suspensions. If in its opinion the public interest and the protection of investors so require, the Commission is authorized by order-
(A) summarily to suspend trading in any security (other than an exempted security) for a period not exceeding 10 business days, and
(B) summarily to suspend all trading on any national securities exchange or otherwise, in securities other than exempted securities, for a period not exceeding 90 calendar days. The action described in subparagraph (B) shall not take effect unless the Commission notifies the President of its decision and the President notifies the Commission that the President does not disapprove of such decision.
...
(4) Compliance with orders. No member of a national securities exchange, broker, or dealer shall make use of the mails or any means or instrumentality of interstate commerce to effect any transaction in, or to induce the purchase or sale of, any security in contravention of an order of the Commission under this subsection unless such order has been stayed, modified, or set aside as provided in paragraph (5) of this subsection or has ceased to be effective upon direction of the President as provided in paragraph (3).
(5) Limitations on review of orders. An order of the Commission pursuant to this subsection shall be subject to review only as provided in section 25(a) of this title. Review shall be based on an examination of all the information before the Commission at the time such order was issued. The reviewing court shall not enter a stay, writ of mandamus, or similar relief unless the court finds, after notice and hearing before a panel of the court, that the Commission's action is arbitrary, capricious, an abuse of discretion, or otherwise not in accordance with law.
...

Section 25(a)
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(3) On the filing of the petition, the court has jurisdiction, which becomes exclusive on the filing of the record, to affirm or modify and enforce or to set aside the order in whole or in part.
(4) The findings of the Commission as to the facts, if supported by substantial evidence, are conclusive.
(5) If either party applies to the court for leave to adduce addi- tional evidence and shows to the satisfaction of the court that the additional evidence is material and that there was reasonable ground for failure to adduce it before the Commission, the court may remand the case to the Commission for further proceedings, in whatever manner and on whatever conditions the court con- siders appropriate. If the case is remanded to the Commission, it shall file in the court a supplemental record containing any new evidence, any further or modified findings, and any new order.