SEC ORDERS A SUSPENSION OF TRADING IN THE STOCK OF NATIONWIDE CAPITAL
CORPORATION
The Securities and Exchange Commission announced the temporary
suspension, pursuant to Section 12(k) of the Securities Exchange Act of
1934, of trading of the securities of Nationwide Capital Corporation
(stock symbol NCCN) of Houston, Texas, at 9:30 a.m. EDT on October 1,
2002, and terminating at 11:59 p.m. EDT on October 14, 2002.
The Commission temporarily suspended trading in the securities of
Nationwide Capital Corporation because of questions concerning the
accuracy of assertions by or about Nationwide on its Internet website,
marketing materials, company press releases and other publicly available
sources to investors concerning, among other things, (a) the company's
business operations, (b) the company's business relationships, (c) the
company's current financial condition, (d) the company's acquisition of
Your Corner Office (YCO), a privately held company, and (e) trading in
the company's common stock by related shareholders.
The Commission cautions broker-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 it has complied with the rule, it should not enter any
quotation but immediately contact the staff of the Securities and
Exchange Commission in Washington, D.C. If any broker or dealer is
uncertain as to what is required by Rule 15c2-11, it should refrain from
entering quotations relating to National Capital Corporation securities
until such time as it has familiarized itself with the rule 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
Commission will consider the need for prompt enforcement action.
Any broker-dealer or other person with information relating to this
matter is invited to call Morgan Miller, Staff Attorney, in the
Washington, D.C. office of the Securities and Exchange Commission, at
(202) 942-4892. (Rel. 34-46575) |
