LAWFUEL – The Law News Network – The U.S. Securities and Exchange Commission announced the temporary suspension of trading of the securities of the following issuers, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (Exchange Act), commencing at 9:30 a.m. EDT on August 5, 2005 and terminating at 11.59 p.m. on August 18, 2005:
Divedepot, Inc. (DIVD)
GS Telecom Ltd. (GARD)
Rocky Mountain Financial Enterprises, Inc. (RMFE)
US Data Authority, Inc. (USDA)
The Commission temporarily suspended trading in the securities of these companies due to a lack of current and accurate information about these companies because they are delinquent in their periodic filing obligations under Section 13(a) of the Exchange Act. These orders were entered pursuant to Section 12(k) of the 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 companies.
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 relating to the securities of the subject companies 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 the securities of the companies that been subject to trading suspensions until such time as it has familiarized itself with the rule and is certain that all of the provisions have been met. Any broker or dealer with questions regarding the rule should contact the staff of the 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 should immediately communicate it to the Delinquent Filings Branch of the Division of Enforcement at (202) 551-5466, or by email at DelinquentFilings@sec.gov.
