The U.S. Securities and Exchange Commission suspended trading in
the securities of 12 companies until June 27, citing a lack of
current and accurate information about them.
According to the SEC, the companies haven't filed required
reports with the regulator--in some cases for more than a
decade.
The move comes as the regulator has been cracking down on
Chinese companies that have been late to file amid auditing issues,
as well as other concerns. The agency has also recently suspended
trading in some over-the-counter stocks, citing questions about the
accuracy of publicly disclosed information and the harms of
stock-touting websites and anonymous message boards.
The companies named on Tuesday include Dawn Technologies Inc.
(DAWN) and Independence Brewing Co. (IBCO), which last filed
reports in 1999. Also included are Silver Eagle Resources Ltd.,
known as Mercator Minerals Ltd. (MLKKF, ML.T), which last filed in
January 1998, and Seirios International Inc. (SRIN), formerly known
as Exactly Sportswear, Inc., which last filed in September 1995,
according to the SEC.
The list also includes Distinctive Devices Inc. (DDVS), which
hasn't filed reports since September 2004; Sola Resource Corp.
(SORSF), now called Cancana Resources Corp., which last filed in
2003; Sento Corp. (SNTO), which last filed in 2006; and Haber Inc.
(HABE), which last filed in 2007.
Those named to the list that last filed in 2008 were Samaritan
Pharmaceuticals Inc. (SPHC), Seaena Inc. (SEAI), Shoe Pavilion,
Inc. (SHOEQ) and Simex Technologies, now called CT Holdings Inc.
(CTHS), the SEC said.
-By Tess Stynes, Dow Jones Newswires; 212-416-2481;
Tess.Stynes@dowjones.com