To all,
This is not "new" news, but I think new to this list, albeit to late for us. Just thought it was an interesting step by the SEC
JFH
_____________________________________________________
For Immediate Release
96-133
Washington, D.C., November 20, 1996 -- At 9:30 this morning (EST), in
response to serious questions raised about OmniGene Diagnostics, Inc., of West
Palm Beach, Florida, the Securities and Exchange Commission suspended trading in
the company's stock.
The SEC also took the additional step of posting information about the suspension,
including its Order Suspending Trading, on an America OnLine message board that
discussed OmniGene stock.
"While the Commission has thus far used the Internet through its Web site
(www.sec.gov) to solicit information about possible fraudulent activities, we will
now be using the Internet to alert investors to potential problems with specific
securities when circumstances warrant. This is the first time we've done so, but it will
not be the last," said William McLucas, Director of the Division of Enforcement.
sec.gov
Last update: 11/21/96 |
