UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

______________________________

 

FORM 8-K

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): September 12, 2012

 

DIRECT MARKETS HOLDINGS CORP.

(Exact name of Registrant as specified in its charter)

 

 

Delaware   001-33737   84-1374481
(State or other jurisdiction
of incorporation)		   (Commission
File Number)		   (IRS Employer
Identification No.)

 

 

 

1251 Avenue of the Americas, New York, New York   10020
(Address Of Principal Executive Office)   (Zip Code)

 

Registrant's telephone number, including area code (212) 356-0500

 

 

 
(Former Name or Former Address, if Changed Since Last Report)

 

 

 

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

[   ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

[   ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

[   ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

[   ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 


Item 8.01. Other Events.

 

On September 12, 2012, the Registrant’s broker-dealer subsidiary, Rodman & Renshaw, LLC, advised the Financial Industry Regulatory Authority (“FINRA”) that it was no longer in compliance with the SEC’s Net Capital Rule 15c3-1, and, accordingly, that such subsidiary would cease conducting its securities business, other than liquidating transactions, unless and until it can achieve compliance with the rule.  The broker-dealer is exploring all options, including the filing of a Form BDW to terminate its broker-dealer license and the sale of certain of its assets to affiliated or unaffiliated parties including an entity controlled by Michael Vasinkevich, a founder of the Registrant and its former vice chairman.

 

* * * * *

 

 

 

2


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.

 

 

  Direct Markets Holdings Corp.
     
     
Dated:   September 12, 2012 By: /s/ Edward Rubin
    Edward Rubin
    Chief Executive Officer