[Federal Register Volume 63, Number 18 (Wednesday, January 28, 1998)]
[Notices]
[Page 4333]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-2183]


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SECURITIES AND EXCHANGE COMMISSION

[File No. 500-1]


Struthers Industries, Inc.; Order of Suspension of Trading

United States of America Before the Securities and Exchange Commission

January 26, 1998.
    On January 9, 1998, the Securities and Exchange Commission (the 
``Commission'') ordered a 10 day suspension in trading in Struthers 
Industries, Inc. (``Struthers'') because of questions regarding the 
accuracy of statements, and material omissions, concerning, among other 
things, (1) the value of certain broadcast licenses in which Struthers 
claims to have an ownership interest, (2) the presence of or potential 
for a recapitalization which will enable Struthers to pursue its 
business plan, and (3) the resignation of Struthers' auditors.
    It appears to the Commission that there is a further lack of 
current and accurate information concerning the securities of Struthers 
because of separate and additional questions regarding the accuracy of 
statements and material omissions in a press release issued by 
Struthers on or about January 12, 1998 to the effect that, among other 
things:
    (1) Struthers continues to work closely with representatives of its 
former auditor, BDO Seidman, to resolve the ``disagreement with the 
SEC'' over the value of the IVDS licenses Struthers holds under 
contract; and
    (2) Struthers' former auditor strongly believes that Struthers has 
fairly and accurately valued these licenses.
    The Commission is of the opinion that the public interest and the 
protection of investors require a second 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. EST, January 26, 
1998 through 11:59 p.m. EST, on February 6, 1998.

    By the Commission.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 98-2183 Filed 1-26-98; 12:31 pm]
BILLING CODE 8010-01-M