Securities Lawyer 101 l Brenda Hamilton

Securities Lawyer 101 l Brenda Hamilton

Wednesday, November 27, 2013

SEC Suspends Trading of Nevada Gold Corp

On November 27, 2013, the Securities and Exchange Commission (the “SEC”) 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 SEC order reflects that the SEC suspended trading in the securities of NVGCbecause 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 SEC 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.
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 SEC will consider the need for prompt enforcement action.
This blog post is provided as a general informational service to clients and friends of Hamilton & Associates Law Group and should not be construed as, and does not constitute, legal and compliance advice on any specific matter, nor does this message create an attorney-client relationship. For more information concerning the rules and regulations affecting SEC registration statements, Rule 144, Form 8K, FINRA Rule 6490, Rule 506 private placement offerings, Regulation A, Rule 504 offerings, Rule 144, SEC reporting requirements, 1933 Act registration statements on Form S-1, S-8 and 1934 Act registration statements on Form 10, OTC Pink Sheet listings, OTCBB and OTCMarkets disclosure requirements, DTC Chills, Global Locks, reverse mergers, public shells, go public direct transactions and direct public offerings please contact Hamilton and Associates at (561) 416-8956 or Please note that the prior results discussed herein do not guarantee similar outcomes.
Hamilton & Associates | Securities Lawyers
Brenda Hamilton, Securities Attorney
101 Plaza Real South, Suite 202 North
Boca Raton, Florida 33432
Telephone: (561) 416-8956
Facsimile: (561) 416-2855

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