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Article: SEC Suspends Trading in Stock of California's Alliance Industries.(Originated from The Bakersfield Californian)
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- November 27, 1996
CopyrightCOPYRIGHT 1996 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Nov. 27--The Securities and Exchange Commission temporarily suspended trading of the stock of Alliance Industries Inc., of Bakersfield, beginning Tuesday morning through Dec. 10 at midnight.
The SEC cited questions about the accuracy and adequacy of information distributed by the company as reasons for the suspension. Specifically, the SEC said it questions certain financial projections disseminated through the company's home page on the World Wide Web as well as through press releases ...