SEC v. ENVIRONMENTAL PACKAGING TECHNOLOGIES HOLDINGS, No. 1:18-CV-12451, Southern District of New York (Oct. 18, 2024)
raw: suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the “Exchange
suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the “Exchange, No. 1:18-CV-12451 (Oct. 18, 2024)
Exhibit of Morrie Tobin et al.
summary
The SEC temporarily suspended trading in Environmental Packaging Technologies Holdings, Inc. (EPTI) due to concerns over misleading stock promotions and potential market manipulation.
paragraph
The SEC suspended trading of EPTI securities from June 28, 2017, to July 12, 2017, citing concerns over inaccurate third-party promotional materials. These materials misrepresented the company's 2016 revenues, projected 2017 revenues, and buyout potential. No specific monetary penalties or formal charges were detailed in the suspension announcement.
narrative
The Securities and Exchange Commission (SEC) issued a temporary trading suspension for Environmental Packaging Technologies Holdings, Inc. (EPTI) effective from June 28, 2017, through July 12, 2017. The Commission's decision was driven by concerns regarding the accuracy of third-party stock promotion materials that misrepresented the company's 2016 revenues, 2017 revenue projections, and buyout potential. Additionally, the SEC identified recent trading activity that potentially reflected deceptive or manipulative practices. EPTI is a Nevada corporation based in Houston, Texas, with its stock quoted on OTC Link. The SEC cautioned investors and broker-dealers to exercise extreme care and strictly adhere to Rule 15c2-11 regarding quotations. No specific dollar amounts or formal charges were disclosed in this particular enforcement action.
Classified pump-and-dump(confidence 90%). EDGAR detection: forms S-8/S-1/424B/8-K· recall 69% / precision 12%. detection rule →
Statutes
Section 12(k) of the Securities Exchange Act
Parties
United States of AmericaEnvironmental Packaging Technologies Holdings, Inc.Environmental Packaging Technologies Holdings
Keywords
securities exchangeexchangesecuritiescommissionsuspension pursuantpursuant securitiesexchange exchangeexchange commissionenvironmental packagingbroker dealertradinginformationsuspensionpursuantotc
Extracted insights
Entities 4
- company environmental packaging technologies holdings, inc.
- agency finra’s assistance in this matter
- person michael d. paley
- agency Securities and Exchange Commission
Triples 12
- Securities And Exchange Commission announced temporary suspension of trading in the securities of Environmental Packaging Technologies Holdings, Inc. (OTC Pink: Epti)
- Securities And Exchange Commission suspended trading in the securities of Environmental Packaging Technologies Holdings, Inc. (OTC Pink: Epti)
- Securities And Exchange Commission cited concerns regarding accuracy and adequacy of publicly available information about Environmental Packaging’s 2016 revenues, projected 2017 revenues, and buyout potential
- Securities And Exchange Commission cited concerns regarding recent trading activity in Epti securities that potentially reflects manipulative or deceptive activities
- Environmental Packaging Technologies Holdings, Inc. is a Nevada corporation with principal place of business in Houston, Texas
- Environmental Packaging Technologies Holdings, Inc. has stock quoted on OTC Link under ticker symbol Epti
- Securities And Exchange Commission acknowledges FINRA’s assistance in this matter
- Securities And Exchange Commission cautions broker-dealers, shareholders, and prospective purchasers to consider all available information
- Securities And Exchange Commission requires broker-dealers to comply with Rule 15c2-11 before entering quotations after trading suspension
- Securities And Exchange Commission warns broker-dealers that violations of Rule 15c2-11 may trigger prompt enforcement action
- Securities And Exchange Commission invites information from broker-dealers or other persons regarding this matter
- Michael D. Paley is Assistant Regional Director at Securities And Exchange Commission, New York Regional Office
PDF
Text layers
Extracted body text (2,829c)
UNITED STATES OF AMERICA Before the SECURITIES AND EXCHANGE COMMISSION SECURITIES EXCHANGE ACT OF 1934 Release No. 81036 / June 27, 2017 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 Environmental Packaging Technologies Holdings, Inc. (OTC PINK: EPTI), of Houston, Texas, at 9:30 a.m. on June 28, 2017, and terminating at 11:59 p.m. on July 12, 2017. The Commission temporarily suspended trading in the securities of EPTI because of concerns regarding: (i) the accuracy and adequacy of publicly available information in the marketplace since at least June 9, 2017 regarding statements in third party stock promotion materials pertaining to Environmental Packaging’s 2016 revenues, projected 2017 revenues, and the company’s buyout potential; and (ii) recent trading activity in the security that potentially reflects manipulative or deceptive activities. Environmental Packaging is a Nevada corporation with its principal place of business located in Houston, Texas. Its stock is quoted on OTC Link (previously, “Pink Sheets”), operated by OTC Markets Group, Inc. (“OTC Link”), under the ticker symbol EPTI. The Commission acknowledges FINRA’s assistance in this matter. 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 EPTI’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, they should contact Michael D. Paley, Assistant Regional Director, Securities and Exchange Commission, New York Regional Office at (212) 336-0145.
OCR text (2,854c · tika · 95% conf)
UNITED STATES OF AMERICA Before the SECURITIES AND EXCHANGE COMMISSION SECURITIES EXCHANGE ACT OF 1934 Release No. 81036 / June 27, 2017 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 Environmental Packaging Technologies Holdings, Inc. (OTC PINK: EPTI), of Houston, Texas, at 9:30 a.m. on June 28, 2017, and terminating at 11:59 p.m. on July 12, 2017. The Commission temporarily suspended trading in the securities of EPTI because of concerns regarding: (i) the accuracy and adequacy of publicly available information in the marketplace since at least June 9, 2017 regarding statements in third party stock promotion materials pertaining to Environmental Packaging’s 2016 revenues, projected 2017 revenues, and the company’s buyout potential; and (ii) recent trading activity in the security that potentially reflects manipulative or deceptive activities. Environmental Packaging is a Nevada corporation with its principal place of business located in Houston, Texas. Its stock is quoted on OTC Link (previously, “Pink Sheets”), operated by OTC Markets Group, Inc. (“OTC Link”), under the ticker symbol EPTI. The Commission acknowledges FINRA’s assistance in this matter. 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 EPTI’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, they should contact Michael D. Paley, Assistant Regional Director, Securities and Exchange Commission, New York Regional Office at (212) 336-0145. UNITED STATES OF AMERICA