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OUCH! Suspension of Trading Sep 17, 2013 OTC

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Post# of 553
Posted On: 09/17/2013 2:36:09 PM
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Posted By: Lmcat
OUCH!


Suspension of Trading


Sep 17, 2013


OTC Disclosure & News Service


Washington, D.C. -


U.S. SECURITIES AND EXCHANGE COMMISSION



SECURITIES EXCHANGE ACT OF 1934

Release No. 70423 / September 17, 2013



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 in the securities of PacWest Equities, Inc. ("PacWest"), of Las Vegas, Nevada at 9:30 a.m. EDT on September 17, 2013, and terminating at 11:59 p.m. EDT, on September 30, 2013.



The Commission temporarily suspended trading in the securities of PacWest because of questions that have been raised about the accuracy and adequacy of publicly disseminated information concerning, among other things, the company's business operations and assets. This order was 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 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 in the Division of Trading and Markets, Office of Interpretation and Guidance, at (202) 551-5777. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, he should refrain from entering quotations relating to PacWest'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 J. Lee Buck, II of the Division of Enforcement at (202) 551-4598.

New Pick Coming Soon - Important Update Inside

Hi Everyone,
Unfortunately, this morning’s news regarding the Order of Suspension of Trading in the Securities of PacWest Equities, Inc. is not how anyone of us though we would start the day. Indeed, while this news is certainly not good, our commitment to our subscribers remains intact, and, in fact, we have renewed drive to make sure that we continue to carefully conduct our due diligence on those companies that we decide to profile.
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Your PennyStocks.com Editor


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