The SEC may revoke the registration of stocks. In some circumstances, the SEC may revoke the registration of a defunct company's stock. Section 12(j) of the Exchange Act authorizes the SEC to revoke the registration of a security if the issuer fails to comply with the federal securities laws. Broker-dealers may not execute any trades in stocks whose registration has been revoked pursuant to Section 12(j).
I GRANT the Division of Enforcement’s Motion for Summary Disposition and, pursuant to Section 12(j) of the Securities Exchange Ac t of 1934, REVOKE the registration of each class of registered securities of Imaging Diagnostic Systems, Inc.