Thu, Feb 23, 2012

Securities and Exchange Commission Suspends Trading in These Microcap Issuers

Friday, 02 December 2011 08:52 Written by SEC

The Securities and Exchange Commission (Commission) announced the temporary suspension of trading in the securities of the following issuers, commencing at 12 noon EST on December 1, 2011 and terminating at 11:59 p.m. on December 14, 2011:

  • ZipGlobal Holdings, Inc.
  • Symbollon Pharmaceuticals, Inc.
  • Microholdings US, Inc.
  • ComCam International, Inc.
  • Outfront Companies
  • Augrid Global Holdings Corp.
  • 1st Global Financial, Corp.


The Commission temporarily suspended trading in the securities of each of the issuers because of questions that have been raised about the accuracy and adequacy of publicly disseminated information concerning them. The order was entered pursuant to Section 12(k) of the Securities Exchange Act of 1934 (Exchange Act).

The Commission cautions brokers, 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 these companies.

Brokers and dealers should be alerted to the fact that, pursuant to Exchange Act Rule 15c2-11, at the termination of the trading suspension, no quotation may be entered relating to the securities of these issuers unless and until the broker or dealer has strictly complied all of the provisions of the rule. If any broker or dealer is uncertain as to what is required by the rule, it should refrain from entering quotations relating to the securities of these issuers until such time as it has familiarized itself with the rule and is certain that all of its provisions have been met. Any broker or dealer with questions regarding the rule should contact the staff of the Securities and Exchange Commission in Washington, D.C. at (202) 551-5720. 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, John T. Dugan of the Boston Regional Office of the Securities and Exchange Commission should be telephoned at (617) 573-8936. (Rel. 34-65857)