8 November – 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 trading of the securities of Cameron International, Inc. (“Cameron”), of Los Angeles, California at 9:30 a.m. EST on November 7, 2005 and terminating at 11:59 p.m. EST on November 21, 2005.
The Commission temporarily suspended trading in the securities of Cameron because of a lack of current and accurate information concerning a recent tender offer or other possible change in ownership of the company. In addition, questions have arisen regarding a recent increase in the share price from $.05 to $90 during a period when no material information about the company was made public. Cameron is quoted on the Over the Counter Bulletin Board under the ticker symbol CMRN.
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, including Rule 15c2-11(a)(5). If a broker or dealer has any questions as to whether or not he has complied with the rule, he should not enter any quotation but 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 Cameron’s securities 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 which is in violation of the rule, the Commission will consider the need for prompt enforcement action.
If any broker, dealer, or other person has any information which may relate to this matter, John Reed Stark in the Office of Internet Enforcement of the Securities and Exchange Commission should be telephoned at (202) 551-4892 or by email, starkj@sec.gov.
