UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 91604 / April 16, 2021
The Securities and Exchange Commission announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 934, of trading in the securities of Electric Car Company, Inc. ("Electric Car" or the "Company") (CIK # 0001391117), of Springfield, Missouri, at 9:30 a.m. EDT on April 19, 2021, and terminating at 11:59 p.m. EDT on April 30, 2021.
The Commission temporarily suspended trading in the securities of Electric Car because of questions regarding the adequacy and accuracy of information about the Company in the marketplace, and unusual and unexplained trading activity affecting the market for its securities.
The Company has not filed any reports with the Commission since 2011 or otherwise released any information about its operations. Despite the absence of any publicly available news from the Company since 2011, Electric Car's share price and trading volume have greatly increased since January 2021. The increased share price and trading volume coincided with social media posts from late January onward that appear to be attempting to influence the market for the stock.
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 it has complied with the rule, it 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, it should refrain from entering quotations relating to Electric Car's securities until such time as it 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, they should immediately contact Tracy L. Davis, Assistant Regional Director, San Francisco Regional Office, at (415) 705-2318, or Theis Finlev, Staff Attorney, San Francisco Regional Office, at (415) 705-2468.