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Saturday, January 28, 2012

SEC ANNOUNCES TEMPORARY SUSPENSION OF TRADING IN "ONYX" SECURITIES

The following excerpt is from the SEC website:

"UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934

Release No. 66262 / January 27, 2012
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 Onyx Service & Solutions, Inc. (“ONYX”), of Greenwood
Village, CO commencing at 9:30 a.m. on January 27, 2012, and terminating at 11:59 p.m. on
February 9, 2012.

The Commission temporarily suspended trading in the securities of ONYX because of questions
that have been raised about the accuracy and adequacy of publicly disseminated information
concerning, among other things, the company’s business projects and prospects.
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 ONYX
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. “

1 comment:

  1. Just got a reply from the SEC relative to suspension of ONYX Service & Solutions. I asked about the 3 for 1 stock split announced in December. They said FINRA was not involved in approval of this stock split. Impossible to get any information from ONYX. I think they are blowing wind!!!

    ReplyDelete