jerseyfish  | Monday, 11/18/13 09:34:47 AM | | Re: None | | | Post # of 1793 | | |
Smart people are loading up on NVGC before the report comes out
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http://www.sec.gov/litigation/suspensions/2013/34-70950.pdf
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 34-70950 /November 27, 2013
SEC SUSPENDS TRADING IN SECURITIES OF NEVADA GOLD CORP.
The Securities and Exchange Commission (“Commission”) announced the temporary
suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the “Exchange
Act”), of trading in the securities of Nevada Gold Corp. (“NVGC”), of Del Mar, California at
9:30 a.m. EST on November 27, 2013, and terminating at 11:59 p.m. EST on December 11,
2013.
The Commission temporarily suspended trading in the securities of NVGC because of questions
regarding the accuracy and adequacy of assertions by NVGC, and by others, to investors in press
releases and promotional material concerning, among other things, the company’s assets,
operations, and financial condition. This order was entered pursuant to Section 12(k) of the
Securities Exchange Act.
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 Trading and Markets, Office of
Interpretation and Guidance, at (202) 551-5777. If any broker or dealer is uncertain as to what is
required by Rule 15c2-11, he should refrain from entering quotations relating to NVGC
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.
Any broker-dealer or other person who has any information which may relate to this matter
should contact Lara S. Mehraban, Assistant Regional Director, New York Regional Office of the
Securities and Exchange Commission at 212-336-0591. |
