04/07/2010 36 RESPONSE to Motion re 35 MOTION to Stay by James N. Turek filed by Securities And Exchange Commission. (Attachments: # 1 Exhibit A, # 2 Exhibit B)(Gegenheimer, Nancy) (Entered: 04/07/2010)
On June 16, 2008, the Division of Enforcement filed a motion to dismiss the proceeding, based on the deregistration of TelcoBlue’s securities. 4/ We have determined to grant the Division’s motion. TelcoBlue no longer has a class of securities registered under Section 12 of the Exchange Act. Because revocation or suspension of registration are the only remedies available in this proceeding instituted pursuant to Exchange Act Section 12(j), we find it appropriate to dismiss the proceeding. 5/