97-27096. United States Properties, Inc.; Order of Suspension of Trading

[Federal Register Volume 62, Number 197 (Friday, October 10, 1997)]
[Notices]
[Page 53040]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-27096]


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SECURITIES AND EXCHANGE COMMISSION

[File No. 500-1]


United States Properties, Inc.; Order of Suspension of Trading

October 7, 1997.
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
United States Properties, Inc. (``USPI''). Questions have been raised 
regarding the accuracy of assertions by USPI, and by others, in 
documents sent to and statements made to market-makers of the stock of 
USPI, other broker-dealers, and to investors concerning, among other 
things: (1) the identity of the persons in control of the operations 
and management of the company; (2) the purported members of USPI's 
advisory board; and (3) the trading and true value of the common stock 
of USPI.
    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. EDT, October 8, 1997 
through 11:59 p.m. EDT, on October 21, 1997.

    By the Commission.
Jonathan G. Katz,
Secretary.
[FR Doc. 97-27096 Filed 10-8-97; 11:30 am]
BILLING CODE 8010-01-M