10 June – LAWFUEL – The Law News Network – The Securities and Exchange Commission announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the “Exchange Act”), of over-the-counter trading in the securities of U.S. Windfarming, Inc. (“Windfarming”), a Nevada corporation with offices in Orland Park, Illinois. The suspension will commence at 9:30 a.m. EDT on June 9, 2005 and terminate at 11:59 p.m. EDT on June 22, 2005.
The Commission temporarily suspended trading in the securities of Windfarming because of concerns that the company may have unjustifiably relied on Rule 504 of Regulation D of the Securities Act of 1933 in conducting unlawful distributions of their securities that failed to comply with the resale restrictions of Regulation D. Further, the Commission questions the following company disclosures: (1) statements regarding the company’s president’s background that were posted on Windfarming’s website; and (2) statements in press releases that remain posted on the company’s website regarding financial projections and business agreements that Windfarming purportedly has with other entities.
The Commission cautions brokers, dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by the company. Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of the trading suspension, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule. If any broker or dealer has any questions as to whether or not he has complied with the rule, he should not enter any quotation, but rather he should immediately contact the staff of the Securities and Exchange Commission in Washington, D.C. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, he should refrain from entering quotations relating to the securities of Windfarming until such time as he has familiarized himself with the rule and is certain that all of its provisions have been met. If any broker or dealer enters any quotation that is in violation of the rule, the Commission will consider the need for prompt enforcement action.
If any broker or dealer or other person has any information that may relate to this matter, he should immediately communicate it to James G. Lundy in the Midwest Regional Office of the United States Securities and Exchange Commission. He can be reached at 312-353-0878 or by email, lundyj@sec.gov.
