26 April – 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 (“Exchange Act”), of over-the-counter trading of the securities of Weida Communications, Inc. (symbol “WDAC”) of Fort Lauderdale, Florida. The suspension will commence at 9:30 a.m. EDT, April 25, 2005, through 11:59 p.m. EDT, on May 6, 2005.
The Commission temporarily suspended trading in the securities of Weida Communications, Inc. because of concerns regarding potentially manipulative transactions in Weida’s common stock by certain individuals associated with the company and others.
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 Weida Communications, Inc.
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, 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 Weida Communications, Inc. 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 for the stock of Weida Communications, Inc. that 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 Lucee Kirka, Senior Counsel, Division of Enforcement at the Securities and Exchange Commission. She can be reached at (202) 824-5559, or by e-mail at [email protected]