News for 'GSFC' - (ENFORCEMENT PROCEEDINGS - COMMISSION REVOKES REGISTRATION OF SECURITIES OF)
Oct 20, 2006 (SECURITIES AND EXCHANGE COMMISSION RELEASE/ContentWorks via COMTEX) -- On October 20, the Commission instituted settled proceedings pursuant to Section 12(j) of the Securities Exchange Act of 1934 (Exchange Act) revoking the registration of each class of registered securities of Globe Staff Consulting Corporation (Globe Staff) for failure to make required current and periodic filings with the Commission.
Without admitting or denying the findings in the order, except as to jurisdiction, which it admitted, Globe Staff consented to the entry of an Order Instituting Proceedings, Making Findings, and Revoking Registration of Securities Pursuant to Section 12(j) of the Securities Exchange Act of 1934 finding that it had failed to comply with Section 13(a) of the Exchange and Rules 13a-1, 13a-11, and 13a-13 thereunder and revoking the registration of each class of Globe Staff's securities pursuant to Section 12(j) of the 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.
Brokers and dealers should be alert to the fact that Exchange Act Section 12(j) provides, in pertinent part, as follows:
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 the registration of which has been and is suspended or revoked. (Rel. 34-54630; File No. 3-12459)
Copyright (C) 2006 Federal Information & News Dispatch, Inc.
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Source: Comtex Wall Street News
► Any comment provided is my personal assessment/opinion of the indicated stock. "When the gods wish to punish you, they grant your wishes. Therefore be careful of what you wish for."
AI
