The Securities and Exchange Commission announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the "Exchange Act"), of trading of the securities of KSW Industries, Inc. ("KSW Industries"), at 9:30 a.m. EDT on April 7, 2006, and terminating at 11:59 p.m. EDT on April 21, 2006.
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. SECURITIES EXCHANGE ACT OF 1934 RELEASE NO. 53613 / April 7, 2006
The Securities and Exchange Commission announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the "Exchange Act"), of trading of the securities of KSW Industries, Inc. ("KSW Industries"), at 9:30 a.m. EDT on April 7, 2006, and terminating at 11:59 p.m. EDT on April 21, 2006.
The Commission temporarily suspended trading in the securities of KSW Industries because of questions that have been raised about the accuracy and adequacy of publicly disseminated information concerning, among other things: (1) the identity of KSW Industries’ current chief executive officer and president; and (2) its business activities, including a joint venture it purportedly entered into in or about November 2005, a letter of intent it issued in or about February 2006, and negotiations it entered into in or about March 2006 to license the company’s purported EM-100 process. 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 he has complied with the rule, he should not enter any quotation but immediately contact the staff in the Division of Market Regulation, Office of Interpretation and Guidance, at (202) 551-5760. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, he should refrain from entering quotations relating to KSW Industries securities until such time as he has familiarized himself with the rule and is certain that all of its provisions have been met. If any broker or dealer enters any quotation which is in violation of the rule, the Commission will consider the need for prompt enforcement action. If any broker dealer or other person has any information that may relate to this matter, he or she should contact Robert B. Kaplan, Assistant Director at (202) 551-4969 or Nina B. Finston, Branch Chief at (202) 551-4961. |
