Email consolidated thanks to Smoke_em. I figure
Post# of 14350
Posted On: 01/11/2013 3:27:37 PM
Email consolidated thanks to Smoke_em.
I figure if no one will make it a sticky on liehub
I will bring it here and do it.
No thanks for the lazy liehub mods.
The email consolidated;
Brandon Ferguson Jan 9 (1 day ago)
to me
John, When a company is suspended by the SEC, brokers’ quotes are removed as required by the suspension. For them to be re-entered, a broker would need to apply with FINRA by filing a Form 211. Posting an attorney letter has no effect on the re-entry of quotes. FINRA must clear a 211 before a quote can be re-entered.
Feel free to contact me with any further questions.
Regards,
Brandon
Brandon Ferguson
Issuer and Information Services
304 Hudson Street 3rd Floor
New York, NY 10013-1015
T +1 (212) 896-4420 | F +1 (212) 652-5920
brandon@otcmarkets.com
From: John Pritchard [mailto:jprit12@sccoast.net]
Sent: Wednesday, January 09, 2013 11:26 AM
To: Issuer Services
Subject: OTCIQ Information Request
OTCIQ Information Request
The following user would like to sign up for OTCMARKETS.
John Pritchard
Email: jprit12@sccoast.net
Phone: 8436559259
Department: Trading Services
Message: I would like to know on stocks that were suspended by the SEC for 10 days like KMAG and BZRT , and who are now trading in the GREY Market an you have stopped posting quotes for them due to questionable activites can post an Attorney's Letter with respect to current information on you site. And more specifically in that letter that state that no officer, director, or 5% or more shareholder to the best of their knowledge is currently under investigation for past or current violations. Both or these companies got suspended the same day by the SEC and both have a current letter from their Attorney. Please provide clarification on this issue and investigate if necessary as this is very confusing. Sincerely, John Prtichard
jprit12@sccoast.net .
Jan 9 (1 day ago)
to Brandon
Brandon, My question is not regarding quotes it is regarding the Attroney's letter which both KMAG and BZRT currently have posted on your website. Specifically how can they say this "And more specifically in that letter that state that no officer, director, or 5% or more shareholder to the best of their knowledge is currently under investigation for past or current violations, or in violation of nay state or federal securites law. And obviously that is why the SEC suspended them and their legal counsel must know that yet they give otcmarkets.com a current letter. How is this possible, since you or I have seen nothing from the SEC or FINRA clering either KMAG or BZRT?
Regards.
John Pritchard
jprit12@sccoast.net .
12:15 PM (4 hours ago)
to Brandon
Brandon, Would appreciate an answer to the below question.
Regards,
John Pritchard
Brandon Ferguson
4:21 PM (48 minutes ago)
to me
John, I’ve sent this to our compliance team to take a look. I don’t have an update for you at this time but I will try to keep you updated the best that I can.
Brandon Ferguson
Issuer and Information Services
304 Hudson Street 3rd Floor
New York, NY 10013-1015
T +1 (212) 896-4420 | F +1 (212) 652-5920
brandon@otcmarkets.com
From: jprit12@sccoast.net . [mailto:jprit12@sccoast.net]
Sent: Thursday, January 10, 2013 12:16 PM
To: Brandon Ferguson
Subject: Re: OTCIQ Information Request
jprit12@sccoast.net .
4:27 PM (42 minutes ago)
to Brandon
Brandon, Thank you, as something does not seem right here that they can include that statement in their Attroney letter when they were as others suspended by the SEC.
Regards,
John Pritchard
Brandon Ferguson
4:39 PM (30 minutes ago)
to me
John, Our compliance team has determined that at the time the letters were written, there was not an investigation related to the SEC suspension.
Regards,
Brandon Ferguson
Issuer and Information Services
304 Hudson Street 3rd Floor
New York, NY 10013-1015
T +1 (212) 896-4420 | F +1 (212) 652-5920
brandon@otcmarkets.com
From: jprit12@sccoast.net . [mailto:jprit12@sccoast.net]
Sent: Thursday, January 10, 2013 4:28 PM
jprit12@sccoast.net .
4:45 PM (24 minutes ago)
to Brandon
Brandon, So that means your compliance department has determined that KMAG and BZRT are no longer under SEC investigation for any wrong doing or misleading information to share holders?
John Pritchard
Brandon Ferguson
4:47 PM (22 minutes ago)
to me
We can’t speak for “no longer”. The letter only states that “currently”, the issuer is not under investigation.
At the time that the letters were made, we’ve determined that there was no investigation related to the prior suspension.
Brandon Ferguson
Issuer and Information Services
304 Hudson Street 3rd Floor
New York, NY 10013-1015
T +1 (212) 896-4420 | F +1 (212) 652-5920
brandon@otcmarkets.com
From: jprit12@sccoast.net . [mailto:jprit12@sccoast.net]
Sent: Thursday, January 10, 2013 4:45 PM
jprit12@sccoast.net .
4:48 PM (21 minutes ago)
to Brandon
Brandon, Or does this mean that an investigation and other criminal or civil charges may still be going on, but the suspension investigation only is over and other SEC action may be forthcoming.? Hope that clarifies my questions/
John Pritchard
jprit12@sccoast.net .
4:55 PM (14 minutes ago)
to Brandon
Brandon, Please be clear. Could further SEC action be coming and this letter does not preclude that. Many of us use your company as an accredited source, so this is very important to all of us!
John Pritchard
Brandon Ferguson
4:59 PM (10 minutes ago)
to me
I have no reason to assume that SEC action is pending on this company or any other company. If there is action pending against this or any other company, we would not know about it before you or anyone else. The SEC publishes litigation releases on their website, www.SEC.gov which is where we look to keep an eye out for these actions. We do not get information before hand.
-Brandon
Brandon Ferguson
Issuer and Information Services
304 Hudson Street 3rd Floor
New York, NY 10013-1015
T +1 (212) 896-4420 | F +1 (212) 652-5920
brandon@otcmarkets.com
From: jprit12@sccoast.net . [mailto:jprit12@sccoast.net]
Sent: Thursday, January 10, 2013 4:56 PM
jprit12@sccoast.net .
5:01 PM (8 minutes ago)
to Brandon
Brandon, Thank you for all you time and assistance in this matter.
Warm regards.
John Pritchard
I figure if no one will make it a sticky on liehub
I will bring it here and do it.
No thanks for the lazy liehub mods.
The email consolidated;
Brandon Ferguson
to me
John, When a company is suspended by the SEC, brokers’ quotes are removed as required by the suspension. For them to be re-entered, a broker would need to apply with FINRA by filing a Form 211. Posting an attorney letter has no effect on the re-entry of quotes. FINRA must clear a 211 before a quote can be re-entered.
Feel free to contact me with any further questions.
Regards,
Brandon
Brandon Ferguson
Issuer and Information Services
304 Hudson Street 3rd Floor
New York, NY 10013-1015
T +1 (212) 896-4420 | F +1 (212) 652-5920
brandon@otcmarkets.com
From: John Pritchard [mailto:jprit12@sccoast.net]
Sent: Wednesday, January 09, 2013 11:26 AM
To: Issuer Services
Subject: OTCIQ Information Request
OTCIQ Information Request
The following user would like to sign up for OTCMARKETS.
John Pritchard
Email: jprit12@sccoast.net
Phone: 8436559259
Department: Trading Services
Message: I would like to know on stocks that were suspended by the SEC for 10 days like KMAG and BZRT , and who are now trading in the GREY Market an you have stopped posting quotes for them due to questionable activites can post an Attorney's Letter with respect to current information on you site. And more specifically in that letter that state that no officer, director, or 5% or more shareholder to the best of their knowledge is currently under investigation for past or current violations. Both or these companies got suspended the same day by the SEC and both have a current letter from their Attorney. Please provide clarification on this issue and investigate if necessary as this is very confusing. Sincerely, John Prtichard
jprit12@sccoast.net .
Jan 9 (1 day ago)
to Brandon
Brandon, My question is not regarding quotes it is regarding the Attroney's letter which both KMAG and BZRT currently have posted on your website. Specifically how can they say this "And more specifically in that letter that state that no officer, director, or 5% or more shareholder to the best of their knowledge is currently under investigation for past or current violations, or in violation of nay state or federal securites law. And obviously that is why the SEC suspended them and their legal counsel must know that yet they give otcmarkets.com a current letter. How is this possible, since you or I have seen nothing from the SEC or FINRA clering either KMAG or BZRT?
Regards.
John Pritchard
jprit12@sccoast.net .
12:15 PM (4 hours ago)
to Brandon
Brandon, Would appreciate an answer to the below question.
Regards,
John Pritchard
Brandon Ferguson
4:21 PM (48 minutes ago)
to me
John, I’ve sent this to our compliance team to take a look. I don’t have an update for you at this time but I will try to keep you updated the best that I can.
Brandon Ferguson
Issuer and Information Services
304 Hudson Street 3rd Floor
New York, NY 10013-1015
T +1 (212) 896-4420 | F +1 (212) 652-5920
brandon@otcmarkets.com
From: jprit12@sccoast.net . [mailto:jprit12@sccoast.net]
Sent: Thursday, January 10, 2013 12:16 PM
To: Brandon Ferguson
Subject: Re: OTCIQ Information Request
jprit12@sccoast.net .
4:27 PM (42 minutes ago)
to Brandon
Brandon, Thank you, as something does not seem right here that they can include that statement in their Attroney letter when they were as others suspended by the SEC.
Regards,
John Pritchard
Brandon Ferguson
4:39 PM (30 minutes ago)
to me
John, Our compliance team has determined that at the time the letters were written, there was not an investigation related to the SEC suspension.
Regards,
Brandon Ferguson
Issuer and Information Services
304 Hudson Street 3rd Floor
New York, NY 10013-1015
T +1 (212) 896-4420 | F +1 (212) 652-5920
brandon@otcmarkets.com
From: jprit12@sccoast.net . [mailto:jprit12@sccoast.net]
Sent: Thursday, January 10, 2013 4:28 PM
jprit12@sccoast.net .
4:45 PM (24 minutes ago)
to Brandon
Brandon, So that means your compliance department has determined that KMAG and BZRT are no longer under SEC investigation for any wrong doing or misleading information to share holders?
John Pritchard
Brandon Ferguson
4:47 PM (22 minutes ago)
to me
We can’t speak for “no longer”. The letter only states that “currently”, the issuer is not under investigation.
At the time that the letters were made, we’ve determined that there was no investigation related to the prior suspension.
Brandon Ferguson
Issuer and Information Services
304 Hudson Street 3rd Floor
New York, NY 10013-1015
T +1 (212) 896-4420 | F +1 (212) 652-5920
brandon@otcmarkets.com
From: jprit12@sccoast.net . [mailto:jprit12@sccoast.net]
Sent: Thursday, January 10, 2013 4:45 PM
jprit12@sccoast.net .
4:48 PM (21 minutes ago)
to Brandon
Brandon, Or does this mean that an investigation and other criminal or civil charges may still be going on, but the suspension investigation only is over and other SEC action may be forthcoming.? Hope that clarifies my questions/
John Pritchard
jprit12@sccoast.net .
4:55 PM (14 minutes ago)
to Brandon
Brandon, Please be clear. Could further SEC action be coming and this letter does not preclude that. Many of us use your company as an accredited source, so this is very important to all of us!
John Pritchard
Brandon Ferguson
4:59 PM (10 minutes ago)
to me
I have no reason to assume that SEC action is pending on this company or any other company. If there is action pending against this or any other company, we would not know about it before you or anyone else. The SEC publishes litigation releases on their website, www.SEC.gov which is where we look to keep an eye out for these actions. We do not get information before hand.
-Brandon
Brandon Ferguson
Issuer and Information Services
304 Hudson Street 3rd Floor
New York, NY 10013-1015
T +1 (212) 896-4420 | F +1 (212) 652-5920
brandon@otcmarkets.com
From: jprit12@sccoast.net . [mailto:jprit12@sccoast.net]
Sent: Thursday, January 10, 2013 4:56 PM
jprit12@sccoast.net .
5:01 PM (8 minutes ago)
to Brandon
Brandon, Thank you for all you time and assistance in this matter.
Warm regards.
John Pritchard
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