Arcland Energy Corp (fka ACLY)

[Renee]

The SEC is moving faster to revoke registrations when companies are primarily suspended for not filing Financials. Even when the SEC includes other allegations in some suspensions those allegations require civil charges and must have a guilty verdict before the SEC can file to the Court to revoke. Whereas the SEC can file to the Court to revoke a registration immediately after the ten day demand to file Financials has passed.

Arcland had ample warning from the SEC. Evidently Arcland ignored the SEC's demands.

Excerpt from Arcland's Suspension:

IT IS HEREBY FURTHER ORDERED that Respondents shall file an Answer to the allegations contained in this Order within ten (10) days after service of this Order, as provided by Rule 220(b) of the Commission’s Rules of Practice [17 C.F.R. § 201.220(b)].

If Respondents fail to file the directed Answers, or fail to appear at a hearing after being duly notified, the Respondents, and any successor under Exchange Act Rules 12b-2 or 12g-3, and any new corporate names of any Respondents, may be deemed in default and the proceedings may be determined against it upon consideration of this Order, the allegations of which may be deemed to be true as provided by Rules 155(a), 220(f), 221(f), and 310 of the Commission’s Rules of Practice [17 C.F.R. §§ 201.155(a), 201.220(f), 201.221(f), and 201.310].