Dan's newest stock has been halted! There is justice!!
AN ANNOUNCEMENT FROM THE UNITED STATES SECURITIES AND
EXCHANGE COMMISSION:
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
SECURITIES EXCHANGE ACT OF 1934
RELEASE NO. 39749/ March 13, 1998
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 over-the-counter trading of the securities of International Heritage, Inc.
("IHIN"), a Raleigh, North Carolina company which holds itself out to be a direct sales
organization selling various products, including lines of expensive jewelry, collectibles,
luggage, golf equipment and long distance service, from 1:00 P.M. EST, March 13,
1998 through 11:59 P.M. EST, on March 26, 1998.
The Commission temporarily suspended trading in the securities of IHIN because of
questions regarding the accuracy of statements concerning, among other things, the
return investors could expect to receive on their investment, the regulatory background
of the company and the background of its president.
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 IHIN.
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 of 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 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, he should refrain from entering
quotations relating to IHIN's 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 which may relate to this
matter, please contact Jay Perlman of the Division of Enforcement of the United States
Securities and Exchange Commission at (202)942-4867.
Here is an unofficial copy of the Order of Suspension of Trading:
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION |
