Company’s trading suspended

Wednesday, April 24, 2002 | 11:14 a.m.

A Las Vegas company affiliated with an Atlanta investment bank has had its stock trading suspended by the Securities and Exchange Commission.

The SEC said trading would be suspended through May 3 pending a May 7 hearing for Investment Technology Inc., 4520 Cimarron Road. But the company's president and chief executive officer said the matter could be resolved sooner.

Regulators suspended trading of the Bulletin Board issue Monday. When the market closed Friday, the stock had a value of 1.7 cents a share.

The SEC's enforcement division has questioned the accuracy of registration statements the company filed with the SEC Jan. 24 and March 8. SEC officials questioned the identity and background of company directors, officers and control persons, compensation paid to officers and directors, equity ownership of company officers, legal proceedings involving the company and other operations of the company.

Thomas Vidmar, Investment Technology's president and chief executive officer, said he plans to meet with the SEC Friday to resolve issues and hopes to have the stock trading again by Monday. Vidmar said the SEC is questioning statements on documents filed in 2000 that hadn't been corrected.

archive