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Re: None

Thursday, 06/06/2013 8:19:28 AM

Thursday, June 06, 2013 8:19:28 AM

Post# of 3956
Suspension lifted, probably NOT trading anyway?

This is from the SEC bulletin on trading suspensions -

Why would the SEC suspend trading of a stock when it knows that such action will hurt current shareholders?
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The SEC suspends trading in a security when it is of the opinion that the suspension is required in the public interest and to protect investors. Because a suspension often causes a dramatic decline in the price of the security, the SEC suspends trading only when it believes that the public may be making investment decisions based on a lack of information, or false or misleading information. A suspension may prevent potential investors from being victimized by a fraud.

How can investors find out if the stock will trade again after a suspension?
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Investors can contact the broker-dealer who sold you the stock or a broker-dealer who quoted the stock before the suspension. Ask the broker-dealer if it intends to resume publishing a quote in the company’s stock.

If there is no market to sell my security, what can investors do with their shares?
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If there is no market to trade the shares, they may be worthless. Investors may want to contact their financial or tax advisers to determine how to treat such a loss on their tax returns.
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