Document ID: SEC-2014-0513-0001
Agency: sec
Document Type: Notice
Title: Trading Suspension Orders: Citadel EFT, Inc.
Posted Date: 2014-03-31T04:00Z

[Federal Register Volume 79, Number 61 (Monday, March 31, 2014)]
[Notices]
[Page 18110]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-07230]

-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[File No. 500-1]

In the Matter of Citadel EFT, Inc.; Order of Suspension of 
Trading

March 21, 2014.
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
Citadel EFT, Inc. (``Citadel'') because of questions regarding the 
accuracy of assertions by Citadel in public statements regarding the 
company's business operations and assets. In particular, there are 
questions regarding the accuracy, completeness, and validity of 
Citadel's several recent press releases, Form 8-Ks, and other public 
statements since January 2014 relating to transactions involving 
standby letters of credit (``SBLC's''), see Prime Bank Instrument 
Fraud, TreasuryDirect.gov (U.S. Department of the Treasury), http://www.treasurydirect.gov/instit/statreg/fraud/fraud_primebank.htm (last 
visited Mar. 20, 2014) and Brazilian Letras Tesouro Nacional 
(``LTN's''), see Frauds Related to Public Bonds, Tesouro Nacional 
(Brazil), https://www.tesouro.fazenda.gov.br/en/about-the-federal-public-debt/frauds-related-to-public-bonds (last visited Mar. 20, 
2014). Citadel is a Wyoming corporation based in Oceanside, California. 
It is quoted on OTC Link under the symbol CDFT.
    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 securities of the 
above-listed company is suspended for the period from 9:30 a.m. EDT on 
March 21, 2014 through 11:59 p.m. EDT, on April 3, 2014.

    By the Commission.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2014-07230 Filed 3-27-14; 4:15 pm]
BILLING CODE 8011-01-P