2015-04-16 sec-litreleases pdf 98 KB 2,329 chars

SEC v. EXCHANGE COMMISSION, No. 9:15-CV-80446-JIC (Apr. 16, 2015)

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. 9:15-CV-80446-JIC (Apr. 16, 2015)

Caption
UNITED STATES OF AMERICA v. SECURITIES AND EXCHANGE COMMISSION
Exhibit of eCareer Holdings, Inc., eCareer, Inc., Joseph J. Azzata, Dean A. Esposito, Joseph DeVito, and Frederick J. Birks, et al.
Source PDF JSON
summary

The SEC temporarily suspended trading in eCareer Holdings, Inc. securities from April 8 to April 21, 2015, due to concerns over inaccurate or inadequate public filings, but no formal fraud charges, dollar amounts, or enforcement actions were disclosed.

paragraph

The Securities and Exchange Commission (SEC) suspended trading in eCareer Holdings, Inc. securities from April 8 to April 21, 2015, under Section 12(k) of the Securities Exchange Act of 1934, citing concerns about the accuracy and adequacy of its public filings. No specific fraud, financial misconduct, or monetary amounts were alleged in the order, which served as a precautionary measure to protect investors while the SEC reviewed potential disclosure deficiencies. The SEC warned broker-dealers to strictly comply with Rule 15c2-11 before resuming quotations and urged anyone with relevant information to contact its Miami Regional Office, but no charges or settlements were announced.

narrative

The Securities and Exchange Commission (SEC) temporarily suspended trading in eCareer Holdings, Inc. securities from April 8 to April 21, 2015, under Section 12(k) of the Securities Exchange Act of 1934, due to concerns about the accuracy and adequacy of the company’s publicly disseminated filings. This action was precautionary and did not allege specific fraud, financial misconduct, or quantify any dollar losses, nor did it result in formal charges or enforcement actions at that time. The SEC emphasized that investors, broker-dealers, and prospective purchasers should carefully evaluate all available information and exercise caution regarding eCareer’s disclosures. Broker-dealers were explicitly warned that no quotations could be entered after the suspension unless they fully complied with Rule 15c2-11, and those uncertain about compliance were instructed to refrain from quoting and contact the SEC’s Division of Trading and Markets. The SEC also invited the public, particularly those with information related to the company’s filings, to contact its Miami Regional Office at 305-982-6300. The order made clear that any violation of Rule 15c2-11 could trigger prompt enforcement action. Ultimately, the suspension was a procedural step to ensure market integrity while the SEC conducted its review, not a determination of wrongdoing.

Enriched metadata

Scheme
non-corporate (95%)
Case No.
9:15-CV-80446-JIC
Classified non-corporate(confidence 95%). No EDGAR filing fingerprint (criminal/DOJ-side scheme). detection rule →
Statutes
Section 12(k) of the Securities Exchange Act
Parties
United States of AmericaSecurities and Exchange Commission
Keywords
securities exchangeexchangesecuritiespursuant securitiesexchange exchangeexchange commissioncommissionsuspension pursuantbroker dealerpursuantinformationsuspensiontradingecareertrading securities

Extracted insights

Entities 3
  • organization Broker-Dealers
  • agency Securities and Exchange Commission
  • organization Securities and Exchange Commission
Triples 6
  • Securities and Exchange Commission temporarily suspended trading securities of eCareer Holdings, Inc. from April 8, 2015, 9:30 a.m. EDT to April 21, 2015, 11:59 p.m. EDT
  • Securities and Exchange Commission raised questions about accuracy and adequacy of publicly disseminated information concerning eCareer's filings
  • Securities and Exchange Commission cautioned broker-dealers, shareholders, and prospective purchasers to consider information before trading
  • Securities and Exchange Commission requires compliance with Rule 15c2-11 under the Exchange Act for quotations after trading suspension ends
  • broker-dealers should contact Division of Trading and Markets, Office of Interpretation and Guidance at (202) 551-5777 if uncertain about Rule 15c2-11
  • broker-dealers or other persons should telephone Jason R. Berkowitz, Assistant Regional Director, Miami Regional Office of the SEC at 305-982-6300 if they have related information
PDF
suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the "Exchange · Source
Text layers
Extracted body text (2,329c) 

UNITED STATES OF AMERICA 
Before the 
SECURITIES AND EXCHANGE COMMISSION 
 
SECURITIES EXCHANGE ACT OF 1934 
Release No. 74671 / April 8, 2015 
 
 
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 eCareer Holdings, Inc. ("eCareer"), of Boca Raton, FL 
commencing at 9:30 a.m. EDT on April 8, 2015, and terminating at 11:59 p.m. EDT on April 21, 
2015.  
 
The Commission temporarily suspended trading in the securities of eCareer because of 
questions that have been raised about the accuracy and adequacy of publicly disseminated 
information concerning its filings, among other things.  This order was entered pursuant to 
Section 12(k) of the Securities Exchange Act of 1934 (Exchange Act). 
 
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 
eCareer’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, Jason 
R. Berkowitz, Assistant Regional Director, Miami Regional Office of the Securities and Exchange 
Commission should be telephoned at 305-982-6300.
OCR text (2,325c · tika · 95% conf) 
UNITED STATES OF AMERICA 
Before the 

SECURITIES AND EXCHANGE COMMISSION 
 
SECURITIES EXCHANGE ACT OF 1934 
Release No. 74671 / April 8, 2015 
 
 
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 eCareer Holdings, Inc. ("eCareer"), of Boca Raton, FL 
commencing at 9:30 a.m. EDT on April 8, 2015, and terminating at 11:59 p.m. EDT on April 21, 
2015.  
 
The Commission temporarily suspended trading in the securities of eCareer because of 
questions that have been raised about the accuracy and adequacy of publicly disseminated 
information concerning its filings, among other things.  This order was entered pursuant to 
Section 12(k) of the Securities Exchange Act of 1934 (Exchange Act). 
 
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 
eCareer’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, Jason 
R. Berkowitz, Assistant Regional Director, Miami Regional Office of the Securities and Exchange 
Commission should be telephoned at 305-982-6300.

Related documents (2)