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Technology Stocks : WAMX
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To: Arcane Lore who wrote (69)6/14/2000 1:08:00 PM
From: Arcane Lore  Read Replies (1) of 98
 
The WAMX trading suspension was also mentioned in an SEC news release primarily concerned with the SEC aspects of the major initiative against securities fraud announced earlier today in NY by the U.S. Attorney for the Southern District of New York (100+ defendants named in criminal cases). There was no indication in the SEC release that the trading suspension was related to the criminal cases. However. since the wording concerning the WAMX suspension was IMO more explicit in this news release than in the official announcement of the trading suspension, it is worth posting here:

... 4. Trading Suspensions
The SEC also temporarily suspended trading in the securities of WAMEX Holdings, Inc. and E-Pawn.com, Inc., due to the lack of accurate public information available to investors concerning these issuers. The shares of both of these companies are quoted on the OTC Bulletin Board. The Commission contends that, contrary to the company's public claims, WAMEX is not lawfully authorized to operate an Alternative Trading System and that questions exist regarding the company's claims to have raised funding from private investors. The SEC also contends that inaccurate information existed as to the identity of the persons in control of E-Pawn.com. ...

sec.gov
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