Document ID: SEC-2011-1275-0001
Agency: sec
Document Type: Notice
Title: Suspension of Trading Orders: Puda Coal, Inc.
Posted Date: 2011-08-25T04:00Z

[Federal Register Volume 76, Number 165 (Thursday, August 25, 2011)]
[Notices]
[Pages 53164-53165]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-21777]

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SECURITIES AND EXCHANGE COMMISSION

[File No. 500-1]

Puda Coal, Inc.; Order of Suspension of Trading

August 19, 2011.
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
Puda Coal, Inc. (``Puda'') because (1) Puda's auditors resigned on July 
7, 2011 and stated that further reliance should no

[[Page 53165]]

longer be placed on its previously issued audit reports dated March 31, 
2010 and March 16, 2011; and (2) the Audit Committee of Puda's Board of 
Directors has announced that it has preliminarily concluded that 
evidence supports the allegation that there were transfers by Puda's 
Chairman in subsidiary ownership that were inconsistent with disclosure 
made by the Company in its public securities filings. Puda is quoted on 
the OTC Pink Market operated by the OTC Markets Group Inc. under the 
symbol PUDA.
    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 company listed above.
    Therefore, it is ordered, pursuant to Section 12(k) of the 
Securities Exchange Act of 1934, that trading in the securities of the 
companies listed above is suspended for the period from 5:30 p.m. EDT, 
August 19, 2011, through 11:59 p.m. EDT, on September 1, 2011.

    By the Commission.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2011-21777 Filed 8-22-11; 4:15 pm]
BILLING CODE 8011-01-P