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U.S. Securities and Exchange Commission

Trading Suspension:
Green Dolphin Securities Corporation ("GDLS")

U.S. Securities and Exchange Commission
Washington, D.C.

Securities Exchange Act of 1934
Release No. 34-49612 / April 26, 2004

The Securities and Exchange Commission announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the "Exchange Act"), of trading of the securities of Green Dolphin Securities Corporation ("GDLS") of Powell, Tennessee, at 9:30 a.m. EDT on April 26, 2004, and terminating at 11:59 p.m. EDT on May 7, 2004.

The Commission temporarily suspended trading in the securities of GDLS because it appears to the Commission that there is a lack of current and accurate information concerning the securities of GDLS because of questions regarding the accuracy of assertions by GDLS and by others, in press releases and public statements to investors concerning, among other things, GDLS' business relationship with a national restaurant chain.

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 questions as to whether or not he has complied with the rule, he 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, he should refrain from entering quotations relating to GDLS' 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 that may relate to this matter, they should immediately communicate it to Robert Kaplan, Assistant Director, Division of Enforcement at the Securities and Exchange Commission. He can be reached at (202) 942-2803, or by e-mail at KaplanR@SEC.GOV.


Modified: 04/26/2004