U.S. SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 64291 / April 11 , 2011
SECURITIES AND EXCHANGE COMMISSION SUSPENDS TRADING IN THE
SECURITIES OF RINO INTERNATIONAL CORPORATION
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 RINO International Corporation (“RINO”), a Nevada
corporation with headquarters and operations in the People’s Republic of China, at 9:30 a.m.
EDT on April 11, 2011, and terminating at 11:59 p.m. EDT on April 25, 2011.
It appears that there is a lack of current and accurate information concerning the
securities of RINO International Corporation, because the company has failed to disclose
that: (i) the outside law firm and forensic accountants hired by the audit committee to
investigate allegations of financial fraud at the company resigned on or about March 31,
2011, after reporting the results of their investigation to management and the board;
(ii) the chairman of the audit committee resigned on March 31, 2011; and (iii) the
company’s remaining independent directors have also resigned. Further, questions have
arisen regarding, among other things: (i) the size of the company’s operations and
number of employees; (ii) the existence of certain material customer contracts; and (iii)
the existence of two separate and materially different sets of corporate books and
accounts.
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. 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, such
broker or dealer should not enter any quotation but immediately contact the staff in the
Division of Trading and Markets, Office of Interpretation and Guidance, at (202) 551-5760.
If any broker or dealer is uncertain as to what is required by Rule 15c2-11, it should refrain
from entering quotations relating to RINO’s securities until such time as it has familiarized
itself 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 Kara N. Brockmeyer, Assistant Director, at (202) 551-
4767, or Thomas C. Swiers, Senior Counsel, at (202) 551-4851, or by e-mail at
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