98-874. Struthers Industries, Inc.; Order of Suspension of Trading

[Federal Register Volume 63, Number 9 (Wednesday, January 14, 1998)]
[Notices]
[Pages 2294-2295]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-874]


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SECURITIES AND EXCHANGE COMMISSION

[File No. 500-1]


Struthers Industries, Inc.; Order of Suspension of Trading

January 9, 1998.
    It appears to the Securities and Exchange Commission that there is 
a

[[Page 2295]]

lack of current and accurate information concerning the securities of 
Struthers Industries, Inc. (``Struthers'') because of questions 
regarding the accuracy of statements, and material omissions, 
concerning, among other things, (1) the value of certain broadcast 
licenses in which Struthers claims to have an ownership interest, (2) 
the presence of or potential for a recapitalization which will enable 
Struthers to pursue its business plan, and (3) the resignation of 
Struthers' auditors.
    The Commission is of the opinion that the public interest and the 
protection of investors require a suspension of trading in the 
securities of the above listed company.
    Therefore, it is ordered, pursuant to Section 12(k) of the 
Securities Exchange Act of 1934, that trading in the above listed 
company is suspended for the period from 9:30 a.m. EST, January 9, 1998 
through 11:59 p.m. EST, on January 23, 1998.

    By the Commission.
Jonathan G. Katz,
Secretary.
[FR Doc. 98-874 Filed 1-9-98; 3:51 pm]
BILLING CODE 8010-01-M