Trading Suspended in Metropolitan Preferred

The American Stock Exchange has suspended trading indefinitely in the preferred stock of Metropolitan Mortgage & Securities Co., Spokane, Wash., according to Metropolitan.The company said Amex had expressed concerns about the closure of Metropolitan Investment Securities Inc. and about issues raised by the National Association of Securities Dealers (in a waiver-and-consent agreement between NASD and MIS) regarding the sales practices of MIS. "Additionally, Amex expressed a desire to review the company's annual report on Form 10-K, which has not yet been filed," Metropolitan reported. "The Amex has not indicated when, or if, trading would resume." The company can be found online at http://www.metmtg.com.