Sunday, August 07, 2011 2:40:04 AM
Dear Mr. LoBello:
Thank you for contacting the U.S. Securities and Exchange Commission ("SEC") with your questions about the possible effects that litigation involving Smokefree Innotec Co. might have on that company. I can confirm that the SEC brought a civil action against Smokefree and certain principals. The action involved illicit kickbacks and sham consulting agreements. See http://www.sec.gov/litigation/litrelease... As a matter of policy, the SEC will not comment on ongoing litigation.
Also, for additional information about trading suspensions, and what you may expect in regard to your investment in Smokefree Innotec Co. going forward, please review our investor bulletin on trading suspensions: http://www.sec.gov/investor/alerts/tradi...
Once again, thank you for your email. We hope that this information is helpful to you.
Sincerely,
Margaret Marrero
Attorney
Office of Investor Education and Advocacy
U.S. Securities and Exchange Commission
(800) 732-0330
www.sec.gov
File Attachment:
Correspondent Name: Mr. Leonard LoBello
Create Date: 7/24/2011
Origin: Web
File #: HO::~00149985~::HO
Description:
ref:00D3JxQy.5003FdcV0:ref
Check out the link regarding suspensions.
A real man just tryin to make good choices with my money and sharin what I see and learn throughthe grapevine and life. I'm not a Pro, all I know is what I know, and that's make your own choices!
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