2016-04-11 SEC Press pdf 121 KB 5,016 chars

SEC SUSPENDS TRADING IN THE SECURITIES OF NINETEEN COMPANIES

Exhibit of SEC Announces Enforcement Results for FY 2016
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summary

The SEC suspended trading in 19 OTC-linked companies for 11 days in April 2016 after finding they had not filed disclosures for over a year, failed to respond to inquiries, or confirmed they were no longer operating, raising concerns about shell fraud and misleading public information, with no charges filed but strict compliance required to resume trading.

paragraph

The U.S. Securities and Exchange Commission suspended trading in the securities of 19 OTC-linked companies from April 11 to April 22, 2016, due to serious concerns over the accuracy and adequacy of publicly available information. None of the issuers had filed any reports with the SEC or OTC Markets Group for over a year, and most either failed to respond to SEC inquiries, had no operational address, or confirmed they were no longer operating or had gone private. While no fines or civil penalties were imposed, the SEC warned brokers and investors that reinstating trading required strict compliance with Rule 15c2-11, and violations could trigger enforcement actions.

narrative

The U.S. Securities and Exchange Commission suspended trading in the securities of 19 OTC-linked companies, including BMSV, HIRD, GLRC, and others, from April 11 to April 22, 2016, under Section 12(k) of the Securities Exchange Act of 1934. The suspension was prompted by the SEC’s determination that none of the issuers had filed any disclosures with the Commission or OTC Markets Group for over a year, and most had either failed to respond to SEC inquiries, had undeliverable mail, or confirmed they were no longer operating or had become private companies. The SEC also found that none of the companies had a verifiable operational address or a functioning registered agent, raising strong indications that they were shell entities with no legitimate business activity. Brokers, dealers, and investors were explicitly warned to exercise extreme caution and to strictly comply with Rule 15c2-11 before any quotations could be resumed, as violations could lead to prompt enforcement action. The SEC emphasized that the suspension was not a finding of fraud per se but a protective measure to prevent investors from being misled by nonexistent or inaccurate information. No civil penalties or criminal charges were brought in this action, as it was a procedural suspension aimed at investor protection rather than punishment. The Commission encouraged anyone with information about these companies to contact the SEC, reinforcing its commitment to uncovering potential fraud in the OTC markets. This action underscored the SEC’s ongoing efforts to clean up the OTC markets by targeting companies that have effectively vanished from regulatory oversight.

Enriched metadata

Scheme
market-manipulation (80%)
Classified market-manipulation(confidence 80%). EDGAR detection: forms SC 13D/G/13F· recall 53% / precision 9%. detection rule →
Statutes
Section 12(k) of the Securities Exchange Act
Parties
Securities and Exchange CommissionBusiness Marketing Services, Inc.Diversified Corporate Resources, Inc.Great Lakes Recreation Co.Green Nature USA, Inc.Green St. Energy, Inc.International Total Services, Inc.J.P. Cabot Realty, Inc.Multicom PublishingPan American Resources, Inc.Printron, Inc.Seaboard Associates, Inc.Sona Mobile Holdings Group, Ltd.Standard Holdings Group, Ltd.TraceGuard Technologies, Inc.Tradings.net, Inc.US-Worldlink.com, Inc.Versadial, Inc.Voxcorp, Inc.W3OTC, Inc.
Keywords
securities exchangeincsecuritiescommissionexchange commissionexchangetrading securitiesinformationtradingbroker dealercompaniesotcissuersoperatingsuspends trading

Extracted insights

Entities 4
  • company OTC Markets Group, Inc.
  • agency sec staff
  • agency Securities and Exchange Commission
  • person trading suspension
Triples 25
  • SEC suspended trading in Securities Of Nineteen Companies Quoted On OTC Link
  • SEC suspended trading in Business Marketing Services, Inc. (BMSV)
  • SEC suspended trading in Diversified Corporate Resources, Inc. (HIRD)
  • SEC suspended trading in Great Lakes Recreation Co. (GLRC)
  • SEC suspended trading in Green Nature USA, Inc. (GRTU)
  • SEC suspended trading in Green St. Energy, Inc. (GSTY)
  • SEC suspended trading in International Total Services, Inc. (ITSW)
  • SEC suspended trading in J.P. Cabot Realty, Inc. (JPCB)
  • SEC suspended trading in Multicom Publishing (MNET)
  • SEC suspended trading in Pan American Resources, Inc. (PNAR)
  • SEC suspended trading in Printron, Inc. (PRNI)
  • SEC suspended trading in Seaboard Associates, Inc. (SAOA)
  • SEC suspended trading in Sona Mobile Holdings Group, Ltd. (SNMBQ)
  • SEC suspended trading in Standard Holdings Group, Ltd. (SNDH)
  • SEC suspended trading in TraceGuard Technologies, Inc. (TCGD)
  • SEC suspended trading in Tradings.net, Inc. (TDNC)
  • SEC suspended trading in US-Worldlink.com, Inc. (USWL)
  • SEC suspended trading in Versadial, Inc. (VSDL)
  • SEC suspended trading in Voxcorp, Inc. (VOXR)
  • SEC suspended trading in W3OTC, Inc. (WOTC)
  • Trading Suspension commenced at 9:30 a.m. EDT On April 11, 2016
  • Trading Suspension terminated at 11:59 p.m. EDT On April 22, 2016
  • SEC announced Temporary Suspension Of Trading Pursuant To Section 12(k) Of Securities Exchange Act Of 1934
  • OTC Markets Group, Inc. unable to contact Nineteen Issuers For More Than One Year
  • SEC Staff determined None Of The Issuers Filed Information With OTC Markets Group, Inc. Or SEC For Past Year
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SEC SUSPENDS TRADING IN THE SECURITIES OF NINETEEN COMPANIES · Source
Text layers
Extracted body text (5,016c) 

UNITED STATES OF AMERICA 
Before the 
SECURITIES  AND EXCHANGE COMMISSION 
SECURITIES  EXCHANGE  ACT OF 1934 
Release No. 77574  / April  11,  2016 
SEC SUSPENDS TRADING IN THE SECURITIES OF NINETEEN COMPANIES 
QUOTED ON OTC LINK 
The Securities  and Exchange  Commission  (“Commission”   or “SEC” ) today 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 the following  issuers, commencing  at 9:30 
a.m. EDT 
on  April 11,  2016,  and terminating  at 11:59  p.m. EDT on  April 22,  2016: 
Issuer Ticker 
Information 
Regarding 
Operating Status* 
1.Business  Marketing  Services,  Inc.
BMSV 
1 
2.Diversified  Corporate  Resources, Inc.
HIRD 
1 
3.Great Lakes Recreation Co.
GLRC 
1 
4.Green Nature USA, Inc.
GRTU 
1 
5.Green St. Energy,  Inc.
GSTY 
1 
6.International  Total  Services,  Inc.ITSW 
2 
7.J.P. Cabot Realty,  Inc.
JPCB 
1 
8.Multicom  Publishing
MNET 
1 
9.Pan American  Resources, Inc.
PNAR 
1 
10.Printron,  Inc.
PRNI 
1 
11.Seaboard  Associates, Inc.
SAOA 
1 
12.Sona  Mobile  Holdings  Group,  Ltd.
SNMBQ 
1 
13.Standard  Holdings  Group,  Ltd.
SNDH 
2 
14.TraceGuard Technologies,  Inc.TCGD 
1 
15.Tradings.net,  Inc.
TDNC 
1 
16.US-Worldlink.com,  Inc.
USWL 
1 
17.Versadial,  Inc.
VSDL 
1 
18.Voxcorp,  Inc.
VOXR 
1 
19.W3OTC,  Inc.
WOTC 
1 
The Commission  temporarily  suspended  trading  in  these securities  because of  questions  that 
have been raised  about  the accuracy and adequacy  of publicly  disseminated  information 
concerning the companies’ operating  status, if any.
 
1
  Each of  the issuers above  is  quoted  on  OTC
1
 Below are explanations for each of the codes used in the above table: 

Link  operated by  OTC Markets Group,  Inc.  OTC Markets Group,  Inc., however,  has been 
unable  to contact each of  these issuers  for more  than one  year.  In addition,  the staff of the 
Securities  and Exchange  Commission  has independently  endeavored  to  determine  whether any 
of the issuers  below  are operating.   Each of the issuers above either  confirmed  that they  were no 
longer operating or were now private companies, failed to respond to the Commission’s  inquiry 
about  their  operating  status, did  not  have an operational  address,  or failed  to provide  their 
registered  agent with  an operational  address.  The staff of  the Securities  and Exchange 
Commission  also  determined  that none  of the issuers  below  has filed  any  information  with  OTC 
Markets Group,  Inc. or  the Securities  and Exchange  Commission  for  the past year. 
 
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 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 these 
companies’ securities  until  such time  as he has familiarize d  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. 
 
Any  broker, dealer,  investor,  or other  person  with  information  relating  to  this  matter is  invited  to 
contact the Securities  and Exchange  Commission  at http://www.sec.gov.  The Commission’s 
Office of Investor  Education  and Advocacy  has information for investors  and  members of  the 
general  public  on  topics  related  to investing  at http://www.investor.gov. 
 
                                                                                                                                                                                                    
1=The Securities and Exchange Commission attempted to contact the issuer and either the Commission did not 
receive a response to its letter, the letters were returned as undeliverable, or the registered agent responded that they 
had no forwarding address for the issuer. 
2=The Securities and Exchange Commission was able to contact the issuer, which informed the Commission that 
either the issuer was no longer operating or was now a private company.
OCR text (4,800c · tika · 95% conf) 
UNITED STATES OF AMERICA 
Before the 

SECURITIES AND EXCHANGE COMMISSION 

SECURITIES EXCHANGE ACT OF 1934 
Release No. 77574 / April 11, 2016 

SEC SUSPENDS TRADING IN THE SECURITIES OF NINETEEN COMPANIES 

QUOTED ON OTC LINK 

The Securities and Exchange Commission (“Commission” or “SEC” ) today 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 the following issuers, commencing at 9:30 

a.m. EDT on April 11, 2016, and terminating at 11:59 p.m. EDT on April 22, 2016: 

Issuer Ticker 

Information 

Regarding 
Operating Status* 

1. Business Marketing Services, Inc. BMSV 1 

2. Diversified Corporate Resources, Inc. HIRD 1 

3. Great Lakes Recreation Co. GLRC 1 

4. Green Nature USA, Inc. GRTU 1 

5. Green St. Energy, Inc. GSTY 1 

6. International Total Services, Inc. ITSW 2 

7. J.P. Cabot Realty, Inc. JPCB 1 

8. Multicom Publishing MNET 1 

9. Pan American Resources, Inc. PNAR 1 

10. Printron, Inc. PRNI 1 

11. Seaboard Associates, Inc. SAOA 1 

12. Sona Mobile Holdings Group, Ltd. SNMBQ 1 

13. Standard Holdings Group, Ltd. SNDH 2 

14. TraceGuard Technologies, Inc. TCGD 1 

15. Tradings.net, Inc. TDNC 1 

16. US-Worldlink.com, Inc. USWL 1 

17. Versadial, Inc. VSDL 1 

18. Voxcorp, Inc. VOXR 1 

19. W3OTC, Inc. WOTC 1 

The Commission temporarily suspended trading in these securities because of questions that 
have been raised about the accuracy and adequacy of publicly disseminated information 

concerning the companies’ operating status, if any.
 1

  Each of the issuers above is quoted on OTC

1
 Below are explanations for each of the codes used in the above table: 



Link operated by OTC Markets Group, Inc.  OTC Markets Group, Inc., however, has been 
unable to contact each of these issuers for more than one year.  In addition, the staff of the 
Securities and Exchange Commission has independently endeavored to determine whether any 

of the issuers below are operating.  Each of the issuers above either confirmed that they were no 
longer operating or were now private companies, failed to respond to the Commission’s inquiry 
about their operating status, did not have an operational address, or failed to provide their 
registered agent with an operational address.  The staff of the Securities and Exchange 

Commission also determined that none of the issuers below has filed any information with OTC 
Markets Group, Inc. or the Securities and Exchange Commission for the past year. 
 
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 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 these 
companies’ 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. 
 
Any broker, dealer, investor, or other person with information relating to this matter is invited to 
contact the Securities and Exchange Commission at http://www.sec.gov.  The Commission’s 

Office of Investor Education and Advocacy has information for investors and members of the 
general public on topics related to investing at http://www.investor.gov. 
 

                                                                                                                                                                                                    
1=The Securities and Exchange Commiss ion attempted to contact the issuer and either the Commission did not 

receive a response to its letter, the letters were returned as undeliverable, or the registered agent responded that they 

had no forwarding address for the issuer. 

2=The Securities and Exchange Commission was able to contact the issuer, which informed the Commission that 

either the issuer was no longer operating or was now a private company.