In the Matter of Gary Player Direct, Inc., First Chesapeake Financial Corp., and North Lily Mining Co.; Order of Suspension of Trading, 12736 [06-2412]

Download as PDF 12736 Federal Register / Vol. 71, No. 48 / Monday, March 13, 2006 / Notices should be included on the subject line if e-mail is used. To help the Commission process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission’s Internet Web site (https://www.sec.gov). Copies of the submission, all subsequent amendments, all written statements with respect to the proposed rule that are filed with the Commission, and all written communications relating to the proposed rule change between the Commission and any person, other than those that may be withheld from the public in accordance with the provisions of 5 U.S.C. 552, will be available for inspection and copying in the Commission’s Public Reference Section, 100 F Street, NE., Washington, DC 20549–1090. Copies of such filing also will be available for inspection and copying at the principal office of PCAOB. All comments received will be posted without change; we do not edit personal identifying information from submissions. You should submit only information that you wish to make available publicly. All submissions should be submitted on or before April 3, 2006. BILLING CODE 8010–01–P SECURITIES AND EXCHANGE COMMISSION [File No. 500–1] wwhite on PROD1PC61 with NOTICES In the Matter of Gary Player Direct, Inc., First Chesapeake Financial Corp., and North Lily Mining Co.; Order of Suspension of Trading It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Gary Player Direct, Inc. because it has not filed a periodic report since the period ending December 31, 1999. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of First Chesapeake Financial Corp. because it has not filed a periodic report since the period ending September 30, 2003. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of North Lily Mining Co. because it has not filed a periodic report since the period ending September 30, 2000. 17:58 Mar 10, 2006 Jkt 208001 By the Commission. Nancy M. Morris, Secretary. [FR Doc. 06–2412 Filed 3–9–06; 11:40 am] BILLING CODE 8010–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–53403; File No. SR–Amex– 2006–04] Self-Regulatory Organizations; American Stock Exchange LLC; Notice of Filing of Proposed Rule Change and Amendment No. 1 Thereto Relating to Procedures for Denying Initial and Continued Listing March 2, 2006. By the Commission. Nancy M. Morris, Secretary. [FR Doc. 06–2365 Filed 3–10–06; 8:45 am] VerDate Aug<31>2005 The Commission is of the opinion that the public interest and the protection of investors require a suspension of trading in the securities of the above-listed companies. Therefore, it is ordered, pursuant to Section 12(k) of the Securities Exchange Act of 1934, that trading in the abovelisted companies is suspended for the period from 9:30 a.m. EST on March 9, 2006, through 11:59 p.m. EST on March 22, 2006. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (the ‘‘Act’’),1 and Rule 19b–4 thereunder,2 notice is hereby given that on January 23, 2006, the American Stock Exchange LLC (‘‘Amex’’ or ‘‘Exchange’’) filed with the Securities and Exchange Commission (‘‘Commission’’) the proposed rule change as described in Items I, II, and III below, which Items have been prepared by the Amex. On February 22, 2006, Amex filed Amendment No. 1 to the proposed rule change.3 The Commission is publishing this notice to solicit comments on the proposed rule change, as amended, from interested persons. I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to add new Section 127 and amend Sections 101, 401, 402, 710, 1002, and 1009 of the Amex Company Guide to increase the transparency of the process associated with staff determinations to deny the initial or continued listing of a company’s securities on the Amex. The text of the proposed rule change is available on the Amex’s Web site at https://www.amex.com, at the Amex’s 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 Amendment No. 1 made technical changes to the rule text submitted in Exhibit 5. 2 17 PO 00000 Frm 00066 Fmt 4703 Sfmt 4703 principal office, and at the Commission’s Public Reference Room. II. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, the Amex included statements concerning the purpose of and basis for the proposed rule change. The text of these statements may be examined at the places specified in Item IV below. The Amex has prepared summaries, set forth in Sections A, B, and C below, of the most significant aspects of such statements. A. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose Sections 101 and 1002 of the Amex Company Guide provide broad discretionary authority to the Exchange to deny initial or continued listing to a company, the condition or business of which raises public interest or other qualitative concerns that could undermine investor confidence in Amex listed securities. The Exchange proposes to add new Section 127 and amend Sections 101 and 1002 of the Amex Company Guide to clarify the circumstances in which the Exchange generally uses this authority and provide greater transparency to listed companies and applicants.4 The proposed rule and rule amendments would specify that the Exchange has authority to deny initial listing to an applicant, impose additional or more stringent criteria on initial or continued listing of a company’s securities, or delist a company’s securities under the following circumstances: • The listed company or applicant, or an individual associated with the listed company or applicant, has a history of regulatory misconduct; 5 4 The Commission notes that this proposed rule change is substantially similar to a proposal submitted by the National Association of Securities Dealers, Inc. and approved by the Commission. See Securities Exchange Act Release No. 52342 (August 26, 2005), 70 FR 52456 (September 2, 2005) (SR– NASD–2004–125). 5 Such individuals would typically be an officer, director, substantial security holder or consultant to the issuer. The Exchange proposes in new Section 127, Commentary .01 that an interest consisting of more than either 5% of the number of shares of common stock or 5% of the voting power outstanding of an issuer or party shall be considered a substantial interest and cause the holder of such an interest to be regarded as a substantial security holder. Telephone conversation between Jan Woo, Attorney, Division of Market Regulation, Commission, and Courtney McBride, E:\FR\FM\13MRN1.SGM 13MRN1

Agencies

[Federal Register Volume 71, Number 48 (Monday, March 13, 2006)]
[Notices]
[Page 12736]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 06-2412]


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SECURITIES AND EXCHANGE COMMISSION

[File No. 500-1]


In the Matter of Gary Player Direct, Inc., First Chesapeake 
Financial Corp., and North Lily Mining Co.; Order of Suspension of 
Trading

    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
Gary Player Direct, Inc. because it has not filed a periodic report 
since the period ending December 31, 1999.
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
First Chesapeake Financial Corp. because it has not filed a periodic 
report since the period ending September 30, 2003.
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
North Lily Mining Co. because it has not filed a periodic report since 
the period ending September 30, 2000.
    The Commission is of the opinion that the public interest and the 
protection of investors require a suspension of trading in the 
securities of the above-listed companies.
    Therefore, it is ordered, pursuant to Section 12(k) of the 
Securities Exchange Act of 1934, that trading in the above-listed 
companies is suspended for the period from 9:30 a.m. EST on March 9, 
2006, through 11:59 p.m. EST on March 22, 2006.

    By the Commission.
Nancy M. Morris,
Secretary.
[FR Doc. 06-2412 Filed 3-9-06; 11:40 am]
BILLING CODE 8010-01-P
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