20 May – LAWFUEL – The Law News Network – The United States Securities and Exchange Commission announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (“Exchange Act”), of trading of the securities of Sino Silver Corp. (“Sino”) (stock symbol SSLV), of Vancouver, British Columbia, Canada, commencing at 9:30 a.m. EST on May 17, 2005 through 11:59 p.m. EST, on May 31, 2005.
The Commission temporarily suspended trading in the securities of Sino because of concerns about the accuracy and completeness of information about Sino contained in press releases and public filings with the Commission relating to a change in control over Sino. In addition, the Commission is concerned that Sino, its affiliates, and others may be engaged in the unlawful distribution of restricted Sino securities through the Over-the-Counter Bulletin Board.
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 Sino.
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 immediately contact the staff of the Securities and Exchange Commission in Washington, DC. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, he should refrain from entering quotations relating to Sino 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 that may relate to this matter, they should communicate it immediately to Yuri B. Zelinsky, Assistant Director, Division of Enforcement at the Securities and Exchange Commission. He can be reached at (202) 942-4890, or by e-mail at [email protected]