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VoIP, Inc.
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Short Description: Apr 13, 2009 ... institution of an administrative proceeding against VoIP, Inc. (“VoIP”) ... The Division of Enforcement (Division) alleges that VoIP ...
Content Inside: U.S. SECURITIES AND EXCHANGE COMMISSION SECURITIES EXCHANGE ACT OF 1934 Release No. 59752 / April 13, 2009 ADMINISTRATIVE PROCEEDING File No. 3-13440 SECURITIES AND EXCHANGE COMMISSION INSTITUTES ADMINISTRATIVE PROCEEDINGS AGAINST VOIP, INC. FOR FAILURE TO MAKE REQUIRED PERIODIC FILINGS The U.S. Securities and Exchange Commission (“Commission”) today announced the institution of an administrative proceeding against VoIP, Inc. (“VoIP”) pursuant to Section 12(j) of the Securities Exchange Act of 1934 (“Exchange Act”). VoIP is a Texas corporation headquartered in Altamonte Springs, Florida. The purpose of the proceeding is to determine whether the registration of VoIP’s common stock should be suspended for a period not exceeding twelve months or revoked. The Division of Enforcement (Division) alleges that VoIP failed to comply with Section 13(a) of the Exchange Act and Exchange Act Rules 13a-1 and 13a- 13, by not filing an Annual Report on Form 10-K since December 31, 2006 or periodic or quarterly reports on Form 10-Q for any fiscal period subsequent to its fiscal quarter ending September 30, 2007. A hearing will be scheduled to take evidence on the Division’s allegations, to afford VoIP the opportunity to establish defenses to the allegations, and to determine whether the registration of VoIP’s common stock should be suspended for a period not exceeding twelve months or revoked. The Commission ordered that the Administrative Law Judge in these proceedings issue an initial decision not later than 120 days from the date of service of the order instituting proceedings.
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