LAWFUEL – Law News Network – The U.S. Securities and Exchange Commis…

LAWFUEL – Law News Network – The U.S. Securities and Exchange Commission announced the temporary suspension of trading in the securities of Indigenous Global Development Corporation (IGDC) commencing at 9:30 a.m. EDT on September 13, 2006 and terminating at 11:59 p.m. EDT on September 26, 2006.

The Commission temporarily suspended trading in the securities of IGDC due to a lack of current and accurate information about the company because it has not filed periodic reports with the Commission since the quarter ended March 31, 2005. This order was entered pursuant to Section 12(k) of the Securities Exchange Act of 1934 (Exchange Act).

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.

Brokers and dealers should be alert to the fact that, pursuant to Exchange Act Rule 15c2-11, at the termination of the trading suspension, no quotation may be entered relating to the securities of the subject company unless and until the broker or dealer has strictly complied with all of the provisions of the rule. If any broker or dealer is uncertain as to what is required by the rule, it should refrain from entering quotations relating to IGDC’s securities until such time as it has familiarized itself with the rule and is certain that all of its provisions have been met. Any broker or dealer with questions regarding the rule should contact the staff of the U.S. Securities and Exchange Commission in Washington, D.C. at (202) 551-5720. 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, they immediately should communicate it to the San Francisco District Office at (415) 705-2500, or by e-mail at [email protected]

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