LAWFUEL – The Law News Network – The Securities and Exchange Commission today announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the “Exchange Act”), of over-the-counter trading of the securities of Sure Trace Security Corporation (“Sure Trace”) (stock symbol SSTY), a Canadian corporation with principal offices in Vancouver, Canada, at 9:30 a.m. EDT on August 3, 2005, and terminating at 11:59 p.m. EDT on August 16, 2005.
The Commission temporarily suspended trading in the securities of Sure Trace because of questions that have been raised about the accuracy and adequacy of publicly disseminated information concerning, among other things, the status of Sure Trace’s negotiations to sell its technology to other entities.
The Commission cautions brokers, 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 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 Sure Trace’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 or other person has any information which may relate to this matter, they should immediately communicate it to Cheryl Scarboro, Assistant Director, Division of Enforcement at the Securities and Exchange Commission at (202) 551-4403.
