SEC suspends trading in securities of Token Communities
The SEC temporarily suspended trading in the securities of the firm because it has not filed certain periodic reports.
The United States Securities and Exchange Commission (SEC) announces the temporary suspension of trading in the securities of Token Communities Ltd. (“TKCM”), a void Delaware corporation located in Santa Monica, CA. The suspension commences at 9:30 a.m. EDT on September 4, 2020 and terminates at 11:59 p.m. EDT on September 18, 2020.
The SEC temporarily suspended trading in the securities of the foregoing company due to a lack of current and accurate information about the company because it has not filed certain periodic reports with the regulator. This order was entered pursuant to Section 12(k) of the Securities Exchange Act of 1934.
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 this company.
Brokers and dealers should be alert 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 the subject company unless and until the broker or dealer has strictly complied with 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 this company that has been subject to the trading suspension until such time as it has familiarized itself 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.