Trading in Four Crystal Funding Suspended by SEC
It has been announced by the United States Securities and Exchange Commission to temporary suspend the trading in the securities of Four Crystal Funding which was commenced in the morning at 9:30EDT on 16 August, 2010 and ended at 11:59 at night EDT on 27 August, 2010.
The suspension of trading in the securities of Four Crystal was due to the lack of current and precise information about the company as it was unsuccessful in filing certain periodic reports with the Commission. The order was entered in accordance to Section 12(k) of the Securities Exchange Act of 1934 (Exchange Act).
The Commission cautions dealers, shareholders ,brokers and prospective buyers that they should consider the foregoing information carefully together with all other information’s available currently or subsequently issued by this company.
Dealers and Brokers should be forewarned to the fact that, pursuant to Exchange Act Rule 15c2-11, no quotation can be entered which relates to the securities of Four Crystal until and unless the dealer or broker has strictly complied all of the provisions of the rule at the termination of the trading suspension. The broker or dealer should be refrained from entering quotations that relates to the securities of Four Crystal in case they are not certain as to what is required by the rule till the time they familiarize themselves with the rules and is certain that all of its provisions are met.
The dealer or broker should contact the staff of the Securities and Exchange Commission in Washington, DC at (202) 551-5720 in case if they have any questions regarding the rule. The Commission Prompt will consider prompt enforcement action, if any dealer or broker enters quotation which is found in violation to the rules.