SEC SUSPENDS TRADING IN Homeland Security Network, Inc. (the “Company”) (stock
symbol HSYN)
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SECURITIES AND EXCHANGE COMMISSION
Washington D.C.
Securities Exchange Act of 1934
Release No. 51474 / April 5, 2005
The Securities and Exchange Commission today announced the temporary suspension,
pursuant to Section 12(k) of the Securities Exchange Act of 1934 (“Exchange Act”), of
trading of the securities of Homeland Security Network, Inc. (the “Company”) (stock
symbol HSYN) at 9:30 a.m. EDT, April 5, 2005 through 11:59 p.m. EDT, on April 18,
2005.
The Commission temporarily suspended trading in the Company’s securities because the
Company is delinquent in its periodic filing obligations under Section 13(a) of the
Exchange Act and because of possible manipulative conduct occurring in the market for
the Company’s stock.
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 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 the Company's 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 Gerald A. Gross, Assistant Regional Director, in the Northeast Regional Office of the
Securities and Exchange Commission, at (646) 428-1743 or grossg@sec.gov.
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