SECTION
8(b) OF THE SECURITIES ACT OF 1933
15 U.S.C. §
77h(b) (1988)
(b) If
it appears to the Commission that a registration statement is on its face
incomplete or inaccurate in any material respect, the Commission may, after
notice by personal service or the sending of confirmed telegraphic notice not
later than ten days after the filing of the registration statement, and
opportunity for hearing (at a time fixed by the Commission) within ten days
after such notice by personal service or the sending of such telegraphic notice,
issue an order prior to the effective date of registration refusing to permit
such statement to become effective until it has been amended in accordance with
such order. When such statement has
been amended in accordance with such order the Commission shall so declare and
the registration shall become effective at the time provided in subsection (a)
or upon the date of such declaration, whichever date is the later.
SECTION
8(d) OF THE SECURITIES ACT OF 1933
15 U.S.C. §
77h(d) (1988)
(d) If
it appears to the Commission at any time that the registration statement
includes any untrue statement of a material fact or omits to state any material
fact required to be stated therein or necessary to make the statements therein
not misleading, the Commission may, after notice by personal service or the
sending of confirmed telegraphic notice, and after opportunity for hearing (at
a time fixed by the Commission) within fifteen days after such notice by
personal service or the sending of such telegraphic notice, issue a stop order
suspending the effectiveness of the registration statement. When such statement has been amended in
accordance with such stop order the Commission shall so declare and thereupon
the stop order shall cease to be effective.