InvestorsHub Logo
Followers 15
Posts 3639
Boards Moderated 1
Alias Born 03/14/2005

Re: imiloa post# 34130

Tuesday, 03/20/2007 12:07:49 PM

Tuesday, March 20, 2007 12:07:49 PM

Post# of 38584
Securities Act of 1934, section 12k

Here is an excerpt of the rule:

Trading Suspensions: Emergency Authority.--

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.


here is the link~~~> http://www.sec.gov/divisions/corpfin/34act/sect12.htm

Now...as I understand it, subsection B was implemented after 9-11.

We are under Section 12(k), subsection A.


that is it. So then the order came out about the 35 suspensions and claimed the full 10 days.




Is this a good Stock?
Anything I say in the post above is my OPINION only. (Ne buvez pas l'kool-aide.)...and don't be a MARKEY.