Business
SEC Suspension of Trading
SEC Suspension of Trading.
About this update from Century Petroleum Corporation
[{"type":"text","content":"UNITED STATES OF AMERICABefore theSECURITIES AND EXCHANGE COMMISSIONSECURITIES EXCHANGE ACT OF 1934Release No. 83591 / July 3, 2018The Securities and Exchange Commission (\"Commission\") announced the temporary suspension, pursuant to Section 12(k) of the Securities Act of 1934 (the \"Exchange Act\"), of trading in the securities of Century Petroleum Corp. (\"CYPE\"), a Nevada corporation, at 9:30 a.m. EDT on July 5, 2018, and terminating at 11:59 a.m. on July 18, 2018.The Commission temporarily suspended trading in the securities of CYPE because of questions about the accuracy of information in the company's press releases since at least May 25, 2018, regarding the company's business plans and acquisitions, and concerns since at least May 25, 2018, about recent, unusual and unexplained market activity in the company's common stock. The order was entered pursuant to Section 12(k) of the Exchange Act.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 CYPE'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, contact Judith Weinstock, Assistant Regional Director, New York Regional Office, at (212) 336-9078. The SEC appreciates the assistance of OTC Markets Group, Inc. and the ...