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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?

To: StockDung who wrote (16818)	1/19/2006 9:46:43 PM
From: scion	Respond to of 19428

COMMISSION SUSPENDS TRADING IN SAFE TRANSPORTATION SYSTEMS, INC. FOR FAILURE TO MAKE REQUIRED PERIODIC FILINGS On January 19, the Securities and Exchange Commission announced the temporary suspension of trading of the securities of Safe Transportation Systems, Inc. (SFTS), commencing at 9:30 a.m. EDT on January 19, and terminating at 11:59 p.m. EDT on Feb. 1, 2006. The Commission cautions brokers, 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. 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 suspensions, no quotation may be entered relating to the securities of the subject companies unless and until the broker or dealer has strictly complied with all of the provisions of the rule. If any broker or dealer is uncertain as to what is required by the rule, it should refrain from entering quotations relating to the securities of the companies that have been subject to trading suspensions until such time as it has familiarized itself with the rule and is certain that all of its provisions have been met. Any broker or dealer with questions regarding the rule should contact the staff of the Securities and Exchange Commission in Washington, D.C. at (202) 942- 0772. 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, they should immediately communicate it to the Delinquent Filings Branch of the Division of Enforcement at (202) 824- 5460, or by e-mail at DelinquentFilings@sec.gov. (Rel. 34-53140) COMMISSION INSTITUTES PROCEEDINGS AGAINST SAFE TRANSPORTATION SYSTEMS, INC. On January 19, in conjunction with a related trading suspension, the Commission instituted public administrative proceedings to determine whether to revoke or suspend the registration of each class of the securities of Safe Transportation Systems, Inc. (SFTS) for failure to make required periodic filings with the Commission. The Division of Enforcement alleges that SFTS is delinquent in their required periodic filings with the Commission. The Division of Enforcement also alleges that the common stock of SFTS is quoted on the Pink Sheets. In this proceeding, instituted pursuant to Section 12(j) of the Securities Exchange Act of 1934, a hearing will be scheduled before an Administrative Law Judge. At the hearing, the judge will hear evidence from the Division of Enforcement and the respondent to determine whether the allegations of the Division of Enforcement contained in the Order, which the Division alleges constitute violations of Section 13(a) of the Exchange Act and Rules 13a-1 and 13a-13 thereunder, are true. The judge will then determine whether the registrations pursuant to Exchange Act Section 12 of the securities of the respondent should be revoked, or in the alternative, suspended for a period not exceeding twelve months. The Commission ordered that the Administrative Law Judge issue an initial decision in this proceeding not later than 120 days from the date of service of the order instituting proceedings. For further information contact: * Gregory G. Faragasso, Assistant Director, (202) 551-4734 * Neil J. Welch, Jr., Branch Chief, (202) 551-4731 * See also Order of Suspension of Trading, In the Matter of Safe Transportation Systems, Inc., File No. 500-1. (Rel. 34-53141; File No. 3-12149) sec.gov

To: StockDung who wrote (16818)	1/19/2006 9:49:42 PM
From: scion	Respond to of 19428

ENFORCEMENT PROCEEDINGS JB OXFORD HOLDINGS, INC. SETTLES ADMINISTRATIVE FRAUD CHARGES STEMMING FROM ITS PARTICIPATION IN A LATE TRADING AND MARKET TIMING SCHEME On January 18, the Commission announced the issuance of an Order Instituting Administrative Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings and Imposing A Cease- And-Desist Order against JB Oxford Holdings, Inc. (JBOH). The Commission's Order finds that JBOH, a Beverly Hills, California-based holding company and National Clearing Corporation (NCC), one of JBOH's wholly-owned subsidiaries, were involved in a late trading and market timing scheme facilitated through NCC and its officers and employees. The Order finds that from June 2002 until September 2003, NCC and its officers (including its former president and chief executive officer who was also the president and chief operating officer of JBOH) and employees facilitated thousands of late trades in several hundred mutual funds on behalf of several NCC customers. The Order also finds that these NCC officers and employees also utilized various methods to conceal certain of its institutional customers' fraudulent market timing activity from the mutual funds. The Commission further found that JBOH prepared its financial statements on a consolidated basis, which included revenues and other financial information of NCC. As a result, in 2002 through 2003, JBOH's consolidated financial statements included over $1 million in gross revenue that NCC received from compensation arrangements with its mutual fund customers. JBOH did not admit or deny the Commission's findings. Based on the above, the Order requires Respondent JBOH to cease and desist from committing or causing any violations and any future violations of Section 10(b) of the Exchange Act and Rule 10b-5 thereunder; and refrain, for a period of five years, from having a controlling interest in or operating a firm engaged in the broker dealer clearing business. After the five-year period, if JBOH seeks to conduct any clearing business relating to broker dealers, or to obtain a controlling interest in or operate any such clearing business, JBOH agrees to retain an independent consultant not unacceptable to the Commission staff to review the policies and procedures of the clearing business to ensure compliance with the federal securities laws. (Rel. 34-53137; File No. 3-12148). sec.gov