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ENFORCEMENT PROCEEDINGS - Commission Revokes Registration of Securities of Utopia Marketing, Inc. (n/k/a Daytonabrands, Inc.)
On March 25, 2010, the Commission revoked the registration of each class of registered securities of Utopia Marketing, Inc. (n/k/a Daytonabrands, Inc.) (Utopia Marketing) for failure to make required periodic filings with the Commission.
Without admitting or denying the findings in the Order, except as to jurisdiction, which it admitted, Utopia Marketing consented to the entry of an Order Making Findings and Revoking Registration of Securities Pursuant to Section 12(j) of the Securities Exchange Act of 1934 as to Utopia Marketing, Inc. (n/k/a Daytonabrands, Inc.) finding that it had failed to comply with Section 13(a) of the Securities Exchange Act of 1934 (Exchange Act) and Rules 13a-1 and 13a-13 thereunder and revoking the registration of each class of Utopia Marketing's securities pursuant to Section 12(j) of the Exchange Act. This order settled the charges brought against Utopia Marketing in In the Matter of U.S. Biomedical Corp. (f/k/a United Textiles & Toys, Inc.), et al., Administrative Proceeding File No. 3-13793.
Brokers and dealers should be alert to the fact that Exchange Act Section 12(j) provides, in pertinent part, as follows:
No member of a national securities exchange, broker, or dealer shall make use of the mails or any means or instrumentality of interstate commerce to effect any transaction in, or to induce the purchase or sale of, any security the registration of which has been and is suspended or revoked . . . .
For further information see Order Instituting Administrative Proceedings and Notice of Hearing Pursuant to Section 12(j) of the Securities Exchange Act of 1934, In the Matter of U.S. Biomedical Corp. (f/k/a United Textiles & Toys, Inc.), et al., Administrative Proceeding File No. 3-13793, Exchange Act Release No. 61597 (Feb. 26, 2010). (Rel. 34-61777; File No. 3-13793)
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