SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934 – RELEASE NO. 55237 / February 5, 2007
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 CyberKey Solutions, Inc. (“CyberKey”), of St. George, Utah at 9:30 a.m. EST on February 5, 2007 and terminating at 11:59 p.m. EST on February 16, 2007.
The Commission temporarily suspended trading in the securities of CyberKey because of questions that have been raised concerning the accuracy and adequacy of publicly disseminated information concerning, among other things, (1) the company’s purported contracts with the Department of Homeland Security and/or other government agencies, (2) revenues received pursuant to those contracts, and (3) accounts receivable generated by those contracts.
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 CyberKey’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 John Reed Stark in the Office of Internet Enforcement of the Securities and Exchange Commission at (202) 551-4892 or by email at [email protected]List your legal jobs on the LawFuel Network