SECURITIES AND EXCHANGE COMMISSION
Securities Exchange Act of 1934
Release No. 46575 / October 1, 2002
The Securities and Exchange Commission announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 ("Exchange Act"), of trading of the securities of Nationwide Capital Corporation (stock symbol NCCN) of Houston, Texas at 9:30 a.m. EDT on October 1, 2002 and terminating at 11:59 p.m. EDT on October 14, 2002.
The Commission temporarily suspended trading in the securities of Nationwide Capital Corporation because of questions concerning the accuracy of assertions by or about Nationwide on its Internet website, marketing materials, company press releases and other publicly available sources to investors concerning, among other things: (a) the company's business operations, (b) the company's business relationships, (c) the company's current financial condition, (d) the company's acquisition of Your Corner Office ("YCO"), a privately held company, and (e) trading in the company's common stock by related shareholders.
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 it has complied with the rule, it should not enter any quotation but immediately contact the staff of the Securities and Exchange Commission in Washington, D.C. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, it should refrain from entering quotations relating to National Capital Corporation securities 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 that is in violation of the rule, the Commission will consider the need for prompt enforcement action.
Any broker-dealer or other person with information relating to this matter is invited to call Morgan Miller, Staff Attorney, in the Washington, D.C. office of the Securities and Exchange Commission, at (202) 942-4892.