Business
Upper Street Marketing Acts in Response to SEC and OTC Trading Suspension
Upper Street Marketing Acts in Response to SEC and OTC Trading Suspension.
About this update from Upper Street Marketing, Inc.
[{"type":"text","content":"\nSAN DIEGO, CA, July 08, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- As previously disclosed on June 27, 2019, the Securities and Exchange Commission (\"Commission\") announced in Release Number 34-86228 the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the \"Exchange Act\"), of trading in the securities (the “Trading Suspension”) of Upper Street Marketing Inc. (OTC Markets: symbol UPPR) of San Diego, California at 9:30 a.m. EDT on June 28, 2019, and terminating at 11:59 p.m. on July 12, 2019.  UPPR is currently communicating and in discussions with the Commission asking the Commission to remove the Trading Suspension and to permit a resumption of trading on the OTC Pink market.\n OTC Markets Group Inc. (\"OTC Markets\") announced last week online at OTCmarkets.com that it has discontinued the display of quotes on UPPR common shares because UPPR has been labeled “Caveat Emptor” (buyer beware). OTC Markets Group designates certain securities as “Caveat Emptor” and places a skull and crossbones icon next to the stock symbol to inform investors that there may be reason to exercise additional caution and perform thorough due diligence before making an investment decision in that security.The Caveat Emptor Designation may be assigned when OTC Markets becomes aware of one or more of the following: Promotion— The security is the subject of stock promotion that may be misleading or manipulative. Promotional activities may include news releases, spam email, and newsletters, whether they are published by the issuer or a third party. SeeOTC Markets Group's Policy on Stock Promotion at OTCmarkets.com.Investigation of Fraud or Other Criminal Activities— There is an investigation or other indication of fraudulent or other criminal activity involving the company, its securities or insiders. Suspension/Halt— A regulatory authority or an exchange has halted or suspended trading for public interest concerns (i.e. not a news or earnings halt). Undisclosed Corporate Actions— The security or company is the subject of a corporate action, such as a reverse merger, stock split, or name change, without adequate current information being publicly available. Other Public Interest Concern— OTC Marke...