[Federal Register Volume 62, Number 86 (Monday, May 5, 1997)]
[Notices]
[Page 24519]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-11738]


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SECURITIES AND EXCHANGE COMMISSION

[File No. 500-1]


Genesis International Financial Services, Inc.; Order of 
Suspension of Trading

May 1, 1997.
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
Genesis International Financial Services, Inc. (``GIFS''), because of 
questions regarding the accuracy of assertions by GIFS, and by others, 
in documents sent to, and statements made to, market-makers of the 
stock of GIFS, other broker-dealers, and to investors concerning, among 
other things, the value of certain assets claimed by GIFS and the 
purported sale of a GIFS subsidiary.
    The Commission is of the opinion that the public interest and the 
protection of investors require a suspension of trading in the 
securities of the above-listed company.
    Therefore, it is ordered, pursuant to Section 12(k) of the 
Securities Exchange Act of 1934, that trading in the above-listed 
company is suspended for the period from 9:30 a.m. EDT, May 1, 1997 
through 11:59 p.m. EDT, on May 14, 1997.

    By the Commission.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 97-11738 Filed 5-1-97; 11:44 am]
BILLING CODE 8010-01-M