Investment Technology

Securities Exchange Act of 1934
Release No. 51194 / February 11, 2005

Admin. Proc. File No. 3-11824

Proceedings Instituted against Investment Technology

The Commission instituted administrative proceedings pursuant to Section 12(j) of the Securities Exchange Act of 1934 ("Exchange Act") against Investment Technology, Inc. ("Investment Technology") of Las Vegas, Nevada, seeking to determine whether it is necessary and appropriate for the protection of investors to suspend or revoke the registration of Investment Technology's securities. In the Order Instituting Proceedings ("Order"), the Division of Enforcement alleges that Investment Technology has failed to comply with Section 13(a) of the Exchange Act and Rules 13a-1 and 13a-13 thereunder by failing to file mandatory annual and quarterly reports since on or about June 30, 2002. The Division further alleges that from at least January 2002 through at least April 2002, Investment Technology failed to comply with Section 10(b) of the Exchange Act and Rule 10b-5 thereunder in connection with a fraudulent scheme to manipulate the securities of Investment Technology.

A hearing will be scheduled before an administrative law judge to determine whether the allegations contained in the Order are true, to provide Investment Technology an opportunity to dispute the allegations, and to determine whether to suspend or revoke the registration of the securities of Investment Technology. The Commission directed that an administrative law judge shall issue an initial decision not later than 120 days from the date of service of the Order Instituting Proceedings.

See also the Order in this matter