Washington DC – 23 December 2004 – LAWFUEL – Best for law news – 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 ArTec, Inc. (“ATKJ”) a
Nevada corporation, at 9:30 a.m. EST on December 23, 2004, and terminating
at 11:59 p.m. EST on January 7, 2005.
The Commission temporarily suspended trading in the securities of ATKJ
because it appears to the Commission that there is a lack of current and
accurate information concerning the securities of ATKJ because of questions
regarding the accuracy of assertions by ATKJ and others, on ATKJ’s website,
in ATKJ’s press releases, and in public statements to investors concerning,
among other things, testing of ATKJ’s Tubercin substance for use in treating
cancer patients.
The Commission cautions broker 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, broker 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 questions as to whether or not he or she has complied with the rule, he
or she 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 or she should
refrain from entering quotations relating to ATKJ’s securities until such
time as he or she has familiarized himself or herself 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 that may relate to
this matter, they should immediately communicate it to C. Joshua Felker,
Assistant Director, Division of Enforcement at the Securities and Exchange
Commission. He can be reached at (202) 942-4897, or by e-mail at
FelkerC@SEC.GOV.
