Self-Regulatory Organizations; Notice of Filing of Proposed Minor Rule Violation Plan by The Nasdaq Stock Market LLC, 13645-13646 [E6-3809]
Download as PDF
Federal Register / Vol. 71, No. 51 / Thursday, March 16, 2006 / Notices
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/
rules/sro.shtml). Copies of the
submission, all subsequent
amendments, all written statements
with respect to the proposed rule
change 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
Room. Copies of such filing also will be
available for inspection and copying at
the principal office of the ISE. All
comments received will be posted
without change; the Commission does
not edit personal identifying
information from submissions. You
should submit only information that
you wish to make available publicly. All
submissions should refer to File
Number SR–ISE–2006–11 and should be
submitted on or before April 6, 2006.
For the Commission, by the Division of
Market Regulation, pursuant to delegated
authority.19
Nancy M. Morris,
Secretary.
[FR Doc. E6–3788 Filed 3–15–06; 8:45 am]
3 17
BILLING CODE 8010–01–P
[Release No. 34–53428; File No. 4–514]
Self-Regulatory Organizations; Notice
of Filing of Proposed Minor Rule
Violation Plan by The Nasdaq Stock
Market LLC
wwhite on PROD1PC61 with NOTICES
March 7, 2006.
Pursuant to Section 19(d)(1) of the
Securities Exchange Act of 1934
(‘‘Act’’),1 and Rule 19d–1(c)(2)
thereunder,2 notice is hereby given that
on February 22, 2006, The Nasdaq Stock
Market LLC (‘‘Nasdaq’’ or ‘‘Exchange’’)
filed with the Securities and Exchange
Commission (‘‘Commission’’) copies of a
proposed minor rule violation plan
(‘‘MRVP’’) specifying those uncontested
minor rule violations with sanctions not
exceeding $2,500 which would not be
subject to the provisions of Rule 19d–
19 17
CFR 200.30–3(a)(12).
U.S.C. 78s(d)(1).
2 17 CFR 240.19d–1(c)(2).
1 15
15:48 Mar 15, 2006
CFR 240.19d–1(c)(1).
Commission adopted amendments to
paragraph (c) of Rule 19d–1 to allow self-regulatory
organizations (‘‘SROs’’) to submit for Commission
approval plans for the abbreviated reporting of
minor disciplinary infractions. See Exchange Act
Release No. 21013 (June 1, 1984), 49 FR 23828 (June
8, 1984). Any disciplinary action taken by an SRO
against any person for violation of a rule of the SRO
which has been designated as a minor rule violation
pursuant to such a plan filed with the Commission
shall not be considered ‘‘final’’ for purposes of
Section 19(d)(1) of the Act if the sanction imposed
consists of a fine not exceeding $2,500 and the
sanctioned person has not sought an adjudication,
including a hearing, or otherwise exhausted his
administrative remedies.
5 On January 13, 2006, the Commission approved
Nasdaq’s application for registration as a national
securities exchange, including the rules governing
the Nasdaq exchange. Exchange Act Release No.
53128, 71 FR 3550 (January 23, 2006). In the
approval order, the Commission noted that Nasdaq
Rule 9216(b) and IM–9216 provided for the
imposition of fines for minor rule violations
pursuant to a minor rule violation plan.
Accordingly, the Commission noted that as a
condition to the operation of the Nasdaq Exchange,
Nasdaq must file a minor rule violation plan with
the Commission.
6 Consistent with Nasdaq’s rules, Nasdaq noted in
its submission to the Commission that the
Department of Enforcement, the Department of
Market Regulation, and the Office of Disciplinary
Affairs will be comprised of NASD Regulation, Inc.
(‘‘NASDR’’) staff acting on behalf of Nasdaq
pursuant to Nasdaq’s contractual arrangement with
4 The
SECURITIES AND EXCHANGE
COMMISSION
VerDate Aug<31>2005
1(c)(1) under the Act3 requiring that a
self-regulatory organization promptly
file notice with the Commission of any
final disciplinary action taken with
respect to any person or organization.4
In accordance with paragraph (c)(2) of
Rule 19d–1 of the Act, Nasdaq proposes
to designate certain specified rule
violations as minor rule violations, and
requests that it be relieved of the
reporting requirements regarding such
violations, provided it gives notice of
such violations to the Commission on a
quarterly basis. Nasdaq proposes to
include in its proposed MRVP the
policies and procedures currently
included in Nasdaq Rule 9216(b)
(‘‘Procedure for Violations Under Plan
Pursuant to SEC Rule 19d–1(c)(2)’’) and
the rule violations currently included in
Nasdaq Rule IM–9216 (‘‘Violations
Appropriate for Disposition Under Plan
Pursuant to SEC Rule 19d–1(c)(2)’’).5
According to Nasdaq’s proposed
MRVP, under Rule 9216(b) and IM–
9216, Nasdaq or the Nasdaq Review
Counsel may impose a fine (not to
exceed $2,500) and/or a censure on a
member or an associated person with
respect to any rule listed in IM–9216. If
the person against whom the fine or
censure is imposed does not dispute the
violation, the Department of
Enforcement or the Department of
Market Regulation may prepare and
request that such person execute a
minor rule violation plan letter.6 In such
Jkt 208001
PO 00000
Frm 00080
Fmt 4703
Sfmt 4703
13645
a letter, the member or associated
person accepts a finding of violation,
consents to the imposition of sanctions,
and agrees to waive the right to a
hearing before a Hearing Panel (or, if
applicable, an Extended Hearing Panel),
any right of appeal to the Nasdaq
Review Council, the Commission, or the
courts, and any other challenge to the
validity of the letter. The letter will
describe the act or practice engaged in
or omitted, the rule, regulation, or
statutory provision violated, and the
sanction or sanctions to be imposed.7
If a member or associated person
executes a minor rule violation plan
letter, the letter shall be submitted to the
Nasdaq Review Council. The Office of
Disciplinary Affairs may accept such
letter or refer it to the Nasdaq Review
Council for acceptance or rejection.
Similarly, the Review Subcommittee of
the Nasdaq Review Council may accept
or reject such letter or refer it to the
Nasdaq Review Council for acceptance
or rejection. If the letter is rejected,
Nasdaq may take any other appropriate
disciplinary action with respect to the
alleged violation or violations.
Nasdaq proposed that the quarterly
report of actions taken on minor rule
violations under Rule 9216(b) and IM–
9216 would list for each violation:
Nasdaq’s internal file number for the
case, the name of the individual and/or
organization, the nature of the violation,
the specific rule provision violated, the
sanction imposed, the number of times
the rule violation has occurred and the
date of disposition.8
The following Nasdaq rule violations
currently are included in Rule 9216(b)
and IM–9216: Rules 2210, 2211, IM–
2210–1 and 2210–4 (Communications
with the public); Rule 3360 (Failure to
timely file reports of short positions on
Form NS–1); Rule 3110 (Failure to keep
and preserve books, accounts, records,
memoranda, and correspondence in
conformance with all applicable laws,
rules, regulations and statements of
policy promulgated thereunder, and
with the Rules of Nasdaq); Rule 8211
(Failure to submit trading data as
requested); Rule 1013 (Failure to timely
submit amendments to Form BD); Rule
1031 (Failure to timely submit
amendments to Form U4); Rule 1031
(Failure to timely submit amendments
to Form U5); Rule 1120 (Failure to
comply with the Firm Element of the
continuing education requirements);
NASDR. See Nasdaq Rule 9001 and Nasdaq Rule
9120(f), (g) and (x).
7 Nasdaq attached a sample form of a minor rule
violation letter with its submission to the
Commission.
8 Nasdaq attached a sample form of the quarterly
report with its submission to the Commission.
E:\FR\FM\16MRN1.SGM
16MRN1
13646
Federal Register / Vol. 71, No. 51 / Thursday, March 16, 2006 / Notices
Rule 3010(b) (Failure to timely file
reports pursuant to the Taping Rule);
Rule 3070 (Failure to timely file
reports); Rule 4619(e) (Failure to timely
file notifications pursuant to SEC
Regulation M); Rules 6954 and 6955
(Failure to submit data in accordance
with the Order Audit Trail System);
Rule 11870 (Failure to abide by
Customer Account Transfer Contracts);
SEC Exchange Act Rule 604 (Failure to
properly display limit orders); SEC
Exchange Act Rule 602(b)(5) (Failure to
properly update published quotations in
certain Electronic Communication
Networks); SEC Exchange Act Rule 17a–
5 (Failure to timely file FOCUS reports
and annual reports); and SEC Exchange
Act Rule 17a–10 (Failure to timely file
Schedule I). Nasdaq represented that
modifications may be made to IM–9216.
Nasdaq proposes that when
amendments to IM–9216 are made
pursuant to a rule filing submitted
under Rule 19b–4 of the Act,9 such a
filing would automatically be deemed a
request by Nasdaq for Commission
approval of a modification to its MRVP.
I. Solicitation of Comments
Interested persons are invited to
submit written data, views, and
arguments concerning Nasdaq’s
proposed Minor Rule Violation Plan,
including whether the proposed plan is
consistent with the Act. Comments may
be submitted by any of the following
methods:
wwhite on PROD1PC61 with NOTICES
Electronic Comments
• Use the Commission’s Internet
comment form (https://www.sec.gov/
rules/other.shtml); or
• Send an e-mail to rulecomments@sec.gov. Please include File
Number 4–514 on the subject line.
Paper Comments
• Send paper comments in triplicate
to Nancy M. Morris, Secretary,
Securities and Exchange Commission,
Station Place, 100 F Street, NE.,
Washington, DC 20549–1090. All
submissions should refer to File
Number 4–514. This file number 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/rules/
other.shtml). Copies of the submission,
all subsequent amendments, all written
statements with respect to the proposed
plan that are filed with the Commission,
and all written communications relating
to the proposed plan 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
Room. All comments received will be
posted without change; the Commission
does not edit personal identifying
information from submissions. You
should submit only information that
you wish to make available publicly. All
submissions should refer to File
Number 4–514 and should be submitted
on or before April 6, 2006.
II. Date of Effectiveness of the Proposed
Minor Rule Violation Plan and Timing
for Commission Action
Pursuant to Section 19d–1 of the Act
and Rule 19d–1(c)(2) thereunder,10 after
April 6, 2006, the Commission may, by
order, declare Nasdaq’s proposed Minor
Rule Violation Plan effective if the plan
is consistent with the public interest,
the protection of investors, or otherwise
in furtherance of the purposes of the
Act. The Commission in its order may
restrict the categories of violations to be
designated as minor rule violations and
may impose any other terms or
conditions to the proposed Minor Rule
Violation Plan, File No. 4–514, and to
the period of its effectiveness which the
Commission deems necessary or
appropriate in the public interest, for
the protection of investors or otherwise
in furtherance of the purposes of the
Act.
For the Commission, by the Division of
Market Regulation, pursuant to delegated
authority.11
Nancy M. Morris,
Secretary.
[FR Doc. E6–3809 Filed 3–15–06; 8:45 am]
BILLING CODE 8010–01–P
CFR 240.19b–4.
VerDate Aug<31>2005
15:48 Mar 15, 2006
[Release No. 34–53440; File No. SR–NASD–
2006–020]
Self-Regulatory Organizations;
National Association of Securities
Dealers, Inc.; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change Related to Odd Lot
Transactions in the Nasdaq Market
Center
March 8, 2006.
Pursuant to section 19(b)(1) of the
Securities Exchange Act of 1934
11 17
Jkt 208001
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
Nasdaq proposes to amend Rule
4706(d) to permit ITS/CAES Market
Makers to enter orders in increments
less than 100 shares. Nasdaq expects to
implement the proposed rule change, as
amended, on March 27, 2006.6
The text of the proposed rule change
is below. Proposed new language is in
italics; proposed deletions are in
brackets.7
*
*
*
*
*
4706 Order Entry Parameters
(a)–(c) No Change.
(d) Order Size—
(1) [In Nasdaq-listed securities, a] Any
order in whole shares up to 999,999
shares may be entered into the Nasdaq
Market Center for normal execution
processing.
(2) [Orders in ITS Securities must be
entered for a minimum of one round lot,
1 15
SECURITIES AND EXCHANGE
COMMISSION
10 15
9 17
(‘‘Act’’),1 and Rule 19b–4 thereunder,2
notice is hereby given that on February
6, 2006, the National Association of
Securities Dealers, Inc. (‘‘NASD’’),
through its subsidiary, The Nasdaq
Stock Market, Inc. (‘‘Nasdaq’’), 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 Nasdaq. On
February 27, 2006, NASD filed
Amendment No. 1 to the proposed rule
change.3 The NASD filed the proposal,
as amended, pursuant to section
19(b)(3)(A) of the Act 4 and Rule 19b–
4(f)(6) thereunder,5 which renders the
proposal effective upon filing with the
Commission. The Commission is
publishing this notice to solicit
comments on the proposed rule change,
as amended, from interested persons.
PO 00000
U.S.C. 78s(d)(1) and 17 CFR 240.19d–1(c)(2).
CFR 200.30–3(a)(12).
Frm 00081
Fmt 4703
Sfmt 4703
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 See Partial Amendment dated February 27, 2006
(‘‘Amendment No. 1’’). In Amendment No. 1,
Nasdaq clarified the rationale behind the proposed
rule change.
4 15 U.S.C. 78s(b)(3)(A).
5 17 CFR 240.19b–4(f)(6).
6 Originally, Nasdaq stated that it would
implement the proposed rule change on March 6,
2006. Later, the implementation date was changed
to March 27, 2006. Telephone conversation between
Jeffrey Davis, Associate Vice President, Nasdaq, and
Natasha Cowen, Attorney, Division of Market
Regulation, Commission, on March 7, 2006.
7 Changes are marked to the rule text that appears
in the electronic NASD Manual found at https://
www.nasd.com. Prior to the date when The
NASDAQ Stock Market LLC (‘‘NASDAQ LLC’’)
commences operations, NASDAQ LLC will file a
conforming change to the rules of NASDAQ LLC
approved in Securities Exchange Act Release No.
53128 (January 13, 2006), 71 FR 3550 (January 23,
2006) (File No. 10–131).
2 17
E:\FR\FM\16MRN1.SGM
16MRN1
Agencies
[Federal Register Volume 71, Number 51 (Thursday, March 16, 2006)]
[Notices]
[Pages 13645-13646]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-3809]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-53428; File No. 4-514]
Self-Regulatory Organizations; Notice of Filing of Proposed Minor
Rule Violation Plan by The Nasdaq Stock Market LLC
March 7, 2006.
Pursuant to Section 19(d)(1) of the Securities Exchange Act of 1934
(``Act''),\1\ and Rule 19d-1(c)(2) thereunder,\2\ notice is hereby
given that on February 22, 2006, The Nasdaq Stock Market LLC
(``Nasdaq'' or ``Exchange'') filed with the Securities and Exchange
Commission (``Commission'') copies of a proposed minor rule violation
plan (``MRVP'') specifying those uncontested minor rule violations with
sanctions not exceeding $2,500 which would not be subject to the
provisions of Rule 19d-1(c)(1) under the Act\3\ requiring that a self-
regulatory organization promptly file notice with the Commission of any
final disciplinary action taken with respect to any person or
organization.\4\ In accordance with paragraph (c)(2) of Rule 19d-1 of
the Act, Nasdaq proposes to designate certain specified rule violations
as minor rule violations, and requests that it be relieved of the
reporting requirements regarding such violations, provided it gives
notice of such violations to the Commission on a quarterly basis.
Nasdaq proposes to include in its proposed MRVP the policies and
procedures currently included in Nasdaq Rule 9216(b) (``Procedure for
Violations Under Plan Pursuant to SEC Rule 19d-1(c)(2)'') and the rule
violations currently included in Nasdaq Rule IM-9216 (``Violations
Appropriate for Disposition Under Plan Pursuant to SEC Rule 19d-
1(c)(2)'').\5\
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(d)(1).
\2\ 17 CFR 240.19d-1(c)(2).
\3\ 17 CFR 240.19d-1(c)(1).
\4\ The Commission adopted amendments to paragraph (c) of Rule
19d-1 to allow self-regulatory organizations (``SROs'') to submit
for Commission approval plans for the abbreviated reporting of minor
disciplinary infractions. See Exchange Act Release No. 21013 (June
1, 1984), 49 FR 23828 (June 8, 1984). Any disciplinary action taken
by an SRO against any person for violation of a rule of the SRO
which has been designated as a minor rule violation pursuant to such
a plan filed with the Commission shall not be considered ``final''
for purposes of Section 19(d)(1) of the Act if the sanction imposed
consists of a fine not exceeding $2,500 and the sanctioned person
has not sought an adjudication, including a hearing, or otherwise
exhausted his administrative remedies.
\5\ On January 13, 2006, the Commission approved Nasdaq's
application for registration as a national securities exchange,
including the rules governing the Nasdaq exchange. Exchange Act
Release No. 53128, 71 FR 3550 (January 23, 2006). In the approval
order, the Commission noted that Nasdaq Rule 9216(b) and IM-9216
provided for the imposition of fines for minor rule violations
pursuant to a minor rule violation plan. Accordingly, the Commission
noted that as a condition to the operation of the Nasdaq Exchange,
Nasdaq must file a minor rule violation plan with the Commission.
---------------------------------------------------------------------------
According to Nasdaq's proposed MRVP, under Rule 9216(b) and IM-
9216, Nasdaq or the Nasdaq Review Counsel may impose a fine (not to
exceed $2,500) and/or a censure on a member or an associated person
with respect to any rule listed in IM-9216. If the person against whom
the fine or censure is imposed does not dispute the violation, the
Department of Enforcement or the Department of Market Regulation may
prepare and request that such person execute a minor rule violation
plan letter.\6\ In such a letter, the member or associated person
accepts a finding of violation, consents to the imposition of
sanctions, and agrees to waive the right to a hearing before a Hearing
Panel (or, if applicable, an Extended Hearing Panel), any right of
appeal to the Nasdaq Review Council, the Commission, or the courts, and
any other challenge to the validity of the letter. The letter will
describe the act or practice engaged in or omitted, the rule,
regulation, or statutory provision violated, and the sanction or
sanctions to be imposed.\7\
---------------------------------------------------------------------------
\6\ Consistent with Nasdaq's rules, Nasdaq noted in its
submission to the Commission that the Department of Enforcement, the
Department of Market Regulation, and the Office of Disciplinary
Affairs will be comprised of NASD Regulation, Inc. (``NASDR'') staff
acting on behalf of Nasdaq pursuant to Nasdaq's contractual
arrangement with NASDR. See Nasdaq Rule 9001 and Nasdaq Rule
9120(f), (g) and (x).
\7\ Nasdaq attached a sample form of a minor rule violation
letter with its submission to the Commission.
---------------------------------------------------------------------------
If a member or associated person executes a minor rule violation
plan letter, the letter shall be submitted to the Nasdaq Review
Council. The Office of Disciplinary Affairs may accept such letter or
refer it to the Nasdaq Review Council for acceptance or rejection.
Similarly, the Review Subcommittee of the Nasdaq Review Council may
accept or reject such letter or refer it to the Nasdaq Review Council
for acceptance or rejection. If the letter is rejected, Nasdaq may take
any other appropriate disciplinary action with respect to the alleged
violation or violations.
Nasdaq proposed that the quarterly report of actions taken on minor
rule violations under Rule 9216(b) and IM-9216 would list for each
violation: Nasdaq's internal file number for the case, the name of the
individual and/or organization, the nature of the violation, the
specific rule provision violated, the sanction imposed, the number of
times the rule violation has occurred and the date of disposition.\8\
---------------------------------------------------------------------------
\8\ Nasdaq attached a sample form of the quarterly report with
its submission to the Commission.
---------------------------------------------------------------------------
The following Nasdaq rule violations currently are included in Rule
9216(b) and IM-9216: Rules 2210, 2211, IM-2210-1 and 2210-4
(Communications with the public); Rule 3360 (Failure to timely file
reports of short positions on Form NS-1); Rule 3110 (Failure to keep
and preserve books, accounts, records, memoranda, and correspondence in
conformance with all applicable laws, rules, regulations and statements
of policy promulgated thereunder, and with the Rules of Nasdaq); Rule
8211 (Failure to submit trading data as requested); Rule 1013 (Failure
to timely submit amendments to Form BD); Rule 1031 (Failure to timely
submit amendments to Form U4); Rule 1031 (Failure to timely submit
amendments to Form U5); Rule 1120 (Failure to comply with the Firm
Element of the continuing education requirements);
[[Page 13646]]
Rule 3010(b) (Failure to timely file reports pursuant to the Taping
Rule); Rule 3070 (Failure to timely file reports); Rule 4619(e)
(Failure to timely file notifications pursuant to SEC Regulation M);
Rules 6954 and 6955 (Failure to submit data in accordance with the
Order Audit Trail System); Rule 11870 (Failure to abide by Customer
Account Transfer Contracts); SEC Exchange Act Rule 604 (Failure to
properly display limit orders); SEC Exchange Act Rule 602(b)(5)
(Failure to properly update published quotations in certain Electronic
Communication Networks); SEC Exchange Act Rule 17a-5 (Failure to timely
file FOCUS reports and annual reports); and SEC Exchange Act Rule 17a-
10 (Failure to timely file Schedule I). Nasdaq represented that
modifications may be made to IM-9216. Nasdaq proposes that when
amendments to IM-9216 are made pursuant to a rule filing submitted
under Rule 19b-4 of the Act,\9\ such a filing would automatically be
deemed a request by Nasdaq for Commission approval of a modification to
its MRVP.
---------------------------------------------------------------------------
\9\ 17 CFR 240.19b-4.
---------------------------------------------------------------------------
I. Solicitation of Comments
Interested persons are invited to submit written data, views, and
arguments concerning Nasdaq's proposed Minor Rule Violation Plan,
including whether the proposed plan is consistent with the Act.
Comments may be submitted by any of the following methods:
Electronic Comments
Use the Commission's Internet comment form (https://
www.sec.gov/rules/other.shtml); or
Send an e-mail to rule-comments@sec.gov. Please include
File Number 4-514 on the subject line.
Paper Comments
Send paper comments in triplicate to Nancy M. Morris,
Secretary, Securities and Exchange Commission, Station Place, 100 F
Street, NE., Washington, DC 20549-1090. All submissions should refer to
File Number 4-514. This file number 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/rules/other.shtml). Copies of the submission, all
subsequent amendments, all written statements with respect to the
proposed plan that are filed with the Commission, and all written
communications relating to the proposed plan 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 Room. All
comments received will be posted without change; the Commission does
not edit personal identifying information from submissions. You should
submit only information that you wish to make available publicly. All
submissions should refer to File Number 4-514 and should be submitted
on or before April 6, 2006.
II. Date of Effectiveness of the Proposed Minor Rule Violation Plan and
Timing for Commission Action
Pursuant to Section 19d-1 of the Act and Rule 19d-1(c)(2)
thereunder,\10\ after April 6, 2006, the Commission may, by order,
declare Nasdaq's proposed Minor Rule Violation Plan effective if the
plan is consistent with the public interest, the protection of
investors, or otherwise in furtherance of the purposes of the Act. The
Commission in its order may restrict the categories of violations to be
designated as minor rule violations and may impose any other terms or
conditions to the proposed Minor Rule Violation Plan, File No. 4-514,
and to the period of its effectiveness which the Commission deems
necessary or appropriate in the public interest, for the protection of
investors or otherwise in furtherance of the purposes of the Act.
---------------------------------------------------------------------------
\10\ 15 U.S.C. 78s(d)(1) and 17 CFR 240.19d-1(c)(2).
For the Commission, by the Division of Market Regulation,
pursuant to delegated authority.\11\
---------------------------------------------------------------------------
\11\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------
Nancy M. Morris,
Secretary.
[FR Doc. E6-3809 Filed 3-15-06; 8:45 am]
BILLING CODE 8010-01-P