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SECURITIES AND EXCHANGE COMMISSION
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: July 3, 2003
SUMMIT SECURITIES, INC.
Idaho | 1-16177 | 82-0438135 | ||
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification Number) |
601 W. 1st Avenue, Spokane, Washington 99201
Registrant’s telephone number, including area code: (509) 838-3111
None
Item 5. Other Events. | ||||||||
SIGNATURES |
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Item 5. Other Events.
The Registrant’s wholly owned subsidiary, Metropolitan Investment Securities, Inc. (“MIS”), a National Association of Securities Dealers, Inc. member firm, has received a “Wells” letter from the NASD stating that the staff of the NASD has made a preliminary determination to recommend that a disciplinary action be brought against MIS. Under the Wells process adopted by the NASD, MIS has been provided an opportunity to respond before the NASD staff makes a formal recommendation to the NASD regarding any such action. MIS intends to respond promptly to the notice and is cooperating with the NASD to resolve this matter.
The Registrant is unable to determine at this time the impact on the Registrant of the ultimate resolution of the pending matters. The ultimate resolution of the pending matters could have an adverse affect on MIS’s ability to continue selling the Registrant’s securities. If MIS is unable to continue selling the Registrant’s securities, it could have an adverse affect on the Registrant.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
SUMMIT SECURITIES, INC. | ||||
Date: July 7, 2003 | By: | /s/ Tom Turner Tom Turner, President |