SEC Issues Trading Suspensions of 25 Issuers

Trading Suspensions for 25 Issuers

On April 10, 2015, the Securities and Exchange Commission (“SEC”) announced the temporary suspension of trading in the securities of the following issuers, commencing at 9:30 a.m. EDT on April 10, 2015, and terminating at 11:59 p.m. EDT on April 23, 2015:

  • AmTrust Financial Group, Inc. (AFGP)
  • Boston Restaurant Associates, Inc. (BRAI)
  • Clary Corp. (CLRY)
  • Conbraco Industries, Inc. (CNIN)
  • Dream Factory, Inc. (The) (DRMF)
  • Dynatem, Inc. (DYTM)
  • Employers General Insurance Group (EGIG)
  • K-tel International, Inc. (KTLI)
  • Maintenance Depot, Inc. (MDPO)
  • Manifold Capital Corp. (MANF)
  • McM Corp. (MMOR)
  • Mt. Carmel Public Utility Co. (MCPB)
  • Muskoka Flooring Corp. (MSKA)
  • National Investment Managers, Inc. (NIVM)
  • Naylor Pipe Co. (NAYP)
  • Omega Ventures, Inc. (OMVN)
  • On Stage Entertainment, Inc. (ONST)
  • Pachinko World, Inc. (PCHW)
  • Polyair Inter Pack Inc. (PPKZ)
  • Setech, Inc. (SETC)
  • Seven J Stock Farm, Inc. (SVJJ)
  • TransCor Waste Services, Inc. (TRCW)
  • Valley Systems, Inc. (VSI Liquidation Corp.) (VSLC)
  • World Racing Group, Inc. (WRGP)

The SEC issued the trading suspensions because of questions regarding the adequacy and accuracy of information about the companies. The order was entered pursuant to Section 12(k) of the Securities Exchange Act of 1934 (Exchange Act).

The SEC cautioned 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 these 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 suspensions, no quotation may be entered relating to the securities of the subject companies unless and until they have 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 subject to the SEC trading until such time as it has familiarized itself with Rule 15c2-11  and is certain that all of its provisions have been met.

If any broker or dealer enters any quotation that is in violation of the rule, the SEC can pursue enforcement action.

For further information, please contact Brenda Hamilton, Securities Attorney at 101 Plaza Real South, Suite 202 North, Boca Raton, FL, (561) 416-8956, or by email at [email protected].  This securities law Q & A is provided as a general or informational service to clients and friends of Hamilton & Associates Law Group, P.A. and should not be construed as, and does not constitute legal advice on any specific matter, nor does this message create an attorney-client relationship.  Please note that prior results discussed herein do not guarantee similar outcomes.

Hamilton & Associates | Securities Lawyers
Brenda Hamilton, Going Public Attorney
101 Plaza Real South, Suite 202 North
Boca Raton, Florida 33432
Telephone: (561) 416-8956
Facsimile: (561) 416-2855