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China Crescent Enterprises, Inc.: China Crescent Enterprises, Inc. Releases Information on the Recent FINRA Limit Order Protect

  Copy link into your clipboard //science-technology.news-articles.net/content/2 .. ion-on-the-recent-finra-limit-order-protect.html
  Print publication without navigation Published in Science and Technology on , Last Modified on 2009-01-08 08:07:16 by Market Wire
          🞛 This publication is a summary or evaluation of another publication


DALLAS, TX--(Marketwire - January 8, 2009) - China Crescent Enterprises, Inc. (OTCBB: [ CCSE ]) participated in a Webinar for OTC issuers on December 10, 2008 that discussed in detail the changes surrounding the new FINRA Limit Order Protection rule put into place on November 11, 2008. The new rule, meant to increase transparency and improve market efficiency and the quality of executions for investors, states that broker-dealers that handle customer limit orders in OTC equities, which includes any OTCBB or Pink Sheet quoted equities, whether received from their own customers or from another member firm, cannot trade ahead of customer limit orders. This means that a firm cannot trade for its own account at a price equal to or better than a customer limit order without also executing the customer order. This is considered to be one of the most significant regulatory safeguards for investors of the OTC market. Per the Webinar, investors are encouraged to use Limit Orders when trading any OTC equities so that they can monitor their trades in a stock using real-time quotation systems and receive better trade executions.

For more detailed information about the Limit Order Protection rule change, please visit:

Information on the rule from FINRA:[ http://www.finra.org/web/groups/industry/@ip/@reg/@rulfil/documents/rulefilings/p038831.pdf ]

December 10, 2008 Webinar discussing the rule:[ http://www.pinksheets.com/pink/pinkNews.jsp?id=115 ]

Corporate E-mail Updates

To be added to China Crescent's e-mail database to receive company updates or to obtain more information on the Company, please send an e-mail to[ ir@chinacrescent.com ] or call 214-722-3065.

About China Crescent Enterprises, Inc. ([ www.chinacrescent.com ])

China Crescent Enterprises, Inc. is a technology leader in the rapidly developing Chinese market specializing today in software engineering, high quality software development and digital multimedia outsourcing services delivered to customers globally. At the same time, the firm is a systems integrator and value added reseller of major global hardware brands in the Chinese domestic market.

Headquartered in Dallas with operations in Shanghai and Beijing, China Crescent bridges the gap between Western and Eastern business cultures to assist western clients in realizing the advantages of the high quality, low cost technology products and services available from China. China Crescent also assists Western clients in localizing products and services to realize the tremendous growth potential available by expanding into the Chinese Market.

"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause China Crescent's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.



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