The Spiegel Group (Spiegel Inc.) has announced that the Securities and Exchange Commission entered an order that revokes the registration of the Class A common shares of Spiegel Inc.
Spiegel states that "no member of a national securities exchange, broker or dealer shall use the mails or any means of instrumentality of interstate commerce to effect any transaction in, or to induce the purchase or sale of the shares."
The SEC made the order pursuant to the Offer of Settlement submitted by Spiegel that is related to a pending investigation of the firm by the SEC. Spiegel is no longer required to and does not expect to make filings of annual, quarterly or other reports as a result of the order submitted.
