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Home » 2002 Issues » 67 FR (01/25/2002) » 02-1986. Tel-One, Inc., File No. 500-1; Order of Suspension of Trading

  02-1986. Tel-One, Inc., File No. 500-1; Order of Suspension of Trading  

  • Start Preamble January 23, 2002.

    It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Tel-One, Inc. (“Tel-One”), because of questions regarding the accuracy of assertions by Tel-One, and by others, in documents sent to and statements made to market makers of the stock of Tel-One, other broker-dealers, and investors concerning, among other things: (1) The company's claims about its prospects in the video teleconferencing industry; (2) the future price of Tel-One's stock; and (3) the involvement of persons in control of the operations and management of the company in efforts to tout, and inflate artificially the price of, Tel-One's stock.

    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 23, 2002, through 11:59 p.m. EST, on February 5, 2002.

    Start Signature

    By the Commission.

    Jill M. Peterson,

    Assistant Secretary.

    End Signature End Preamble

    [FR Doc. 02-1986 Filed 1-23-02; 12:50 pm]

    BILLING CODE 8010-01-U

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Document Information

Published:
01/25/2002
Department:
Securities and Exchange Commission
Entry Type:
Notice
Document Number:
02-1986
Pages:
3751-3751 (1 pages)
EOCitation:
of 2002-01-23
PDF File:
02-1986.pdf