RELEASE NO. 34-56584 / October 1, 2007
LAWFUEL – The Legal Newswire – 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 ConnectAJet.com, Inc. (“ConnectAJet” ticker symbol CAJT), a company with offices in Bloomington, Minnesota and Austin, Texas, at 9:30 a.m. EDT on October 1, 2007, and terminating at 11:59 p.m. EDT on October 12, 2007.
The Commission temporarily suspended trading in the securities of ConnectAJet because it appears that the market for ConnectAJet securities may be reacting to manipulative forces or deceptive practices and that there is a lack of current and accurate information about ConnectAJet upon which an informed investment decision can be made. It also appears that there may be inaccurate assertions by ConnectAJet in publicly-disseminated press releases and on ConnectAJet’s website about, among other things, the existence of the company’s partnerships and affiliations with aviation companies.
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 immediately contact the staff in the Division of Market Regulation, Office of Interpretation and Guidance, at (202) 551-5760. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, he should refrain from entering quotations relating to ConnectAJet’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, they should contact Paul A. Montoya, Assistant Regional Director, Division of Enforcement at (312) 353-7429, or by email at [email protected]List your legal jobs on the LawFuel Network