Electronic Game Card, Inc (fka EGMIQ)

[Buckey]

SEC suspends EGMI for two weeks

UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934 Release No. 61544 / February 19, 2010
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 Electronic Game Card, Inc. (“EGMI”), of Irvine, California, at 9:30 a.m. on February 19, 2010, and terminating at 11:59 p.m. on March 4, 2010.
The Commission temporarily suspended trading in the securities of EGMI because of questions that have been raised about the accuracy of assertions by EGMI, and by others, in financial disclosures to investors concerning, among other things, the company’s assets.
The Commission cautions brokers, 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) 5515777.
If any broker or dealer is uncertain as to what is required by Rule 15c2-11, he should refrain from entering quotations relating to EGMI’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.
Any broker, dealer or other person who has any information which may relate to this matter should contact Bruce Karpati, Co-Chief - Asset Management Unit (212-3360104);
Gwen Licardo, branch chief (212-336- 0126); or Steve Larson, staff attorney (212336-
0142) of the New York Regional Office of the Securities and Exchange Commission.