In re Petition for Rehabilitation and for Declaration in a State of Suspension of Payments

November 16, 2018SEC EB CASE NO. 02-18-438SHP-1's Dismissal of Petition due to Lack of JurisdictionIN RE: PETITION FOR REHABILITATION AND FOR DECLARATION IN A STATE OF SUSPENSION OF PAYMENTSSTANDFORD RESOURCES AND DEVELOPMENT CORP., appellant.DECISIONThis resolves the Appeal of the Orders dated 18 October 2017 and 29 January 2018 of the Commission's SPECIAL HEARING PANEL 1 (SHP-1), where Appellant STANDFORD RESOURCES AND DEVELOPMENT CORP. (STANDFORD)'s Petition for Rehabilitation and for Declaration in a State of Suspension of Payments was dismissed for lack of jurisdiction. RELEVANT FACTSPART 1Proceedings from 1999-2002On 3 March 1999, STANDFORD filed its Petition for Rehabilitation and for Declaration in a State of Suspension of Payments with the Commission.On 9 March 1999, the Commission En Banc issued an Order suspending all actions pending against STANDFORD before "any court, tribunal, office, board, body, and/or commission" until further notice (SUSPENSION ORDER).On 14 April 1999, the Commission En Banc issued an Order extending the suspension of all pending actions against STANDFORD.On 8 August 2000, the Securities Regulation Code of 2000 (SRC), which was signed into law on...