In the Matter of AdZone Research, Inc.; Order of Suspension of Trading, 38679 [06-6082]

Download as PDF Federal Register / Vol. 71, No. 130 / Friday, July 7, 2006 / Notices displays a currently valid control number. General comments regarding the above information should be directed to the following persons: (i) Desk Officer for the Securities and Exchange Commission, Office of Information and Regulatory Affairs, Office of Management and Budget, Room 10102, New Executive Office Building, Washington, DC 20503, or e-mail to: David_Rostker@omb.eop.gov; and (ii) R. Corey Booth, Director/Chief Information Officer, Securities and Exchange Commission, C/O Shirley Martinson, 6432 General Green Way, Alexandria, Virginia 22312, or send an e-mail to: PRA_Mailbox@sec.gov. Comments must be submitted to OMB within 30 days of this notice. Dated: June 29, 2006. J. Lynn Taylor, Assistant Secretary. [FR Doc. E6–10638 Filed 7–6–06; 8:45 am] BILLING CODE 8010–01–P SECURITIES AND EXCHANGE COMMISSION [File No. 500–1] In the Matter of AdZone Research, Inc.; Order of Suspension of Trading cprice-sewell on PROD1PC66 with NOTICES July 5, 2006. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of AdZone Research, Inc. (‘‘AdZone’’), a Delaware corporation headquartered in Calverton, New York. Questions have arisen regarding the accuracy of assertions by AdZone, and by others, in press releases and Internet postings to investors concerning, among other things: (1) The company’s contracts with two nonprofit organizations, (2) the nature and extent of the orders that the company has received for the sale of licenses of its software products, and (3) the company’s recent contributions to its employee Incentive Stock Plan. 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 company. Therefore, it is ordered, pursuant to section 12(k) of the Securities Exchange Act of 1934, that trading in the abovelisted company is suspended for the period from 9:30 a.m. EDT, July 5, 2006, through 11:59 p.m. EDT, on July 18, 2006. VerDate Aug<31>2005 15:46 Jul 06, 2006 Jkt 208001 By the Commission. Nancy M. Morris, Secretary. [FR Doc. 06–6082 Filed 7–5–06; 11:28 am] BILLING CODE 8010–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–54052; File No. SR– NYSEArca–2006–29] Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Extend the One Week Option Series Pilot Program June 27, 2006. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’) 1 and Rule 19b 4 thereunder,2 notice is hereby given that on June 16, 2006, NYSE Arca, Inc. (‘‘Exchange’’ or ‘‘NYSE Arca’’) filed with the Securities and Exchange Commission (‘‘Commission’’) the proposed rule change as described in Items I and II below, which Items have been substantially prepared by the Exchange. NYSE Arca has designated this proposal as non-controversial under Section 19(b)(3)(A)(iii) of the Act 3 and Rule 19b–4(f)(6) thereunder,4 which renders the proposed rule change effective upon filing with the Commission. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to amend NYSE Arca Rule 5.19(a)(3), ‘‘Terms of Index Option Contracts,’’ and Commentary .07 to NYSE Arca Rule 6.4, ‘‘Series of Options Open for Trading,’’ to extend until July 12, 2007, its pilot program for listing and trading One Week Option Series (‘‘Pilot Program’’). The text of the proposed rule change is available on the Exchange’s Web site (http://www.nysearca.com), at the Exchange’s 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 Exchange included statements concerning the purpose of, and basis for, PO 00000 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 15 U.S.C. 78s(b)(3)(A)(iii). 4 17 CFR 240.19b–4(f)(6). 2 17 Frm 00082 Fmt 4703 Sfmt 4703 38679 the proposed rule change and discussed any comments it received on the proposed rule change. The text of these statements may be examined at the places specified in Item IV below. The Exchange 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 The purpose of the proposed rule change is to extend the Pilot Program for an additional year, through July 12, 2007.5 The Pilot Program allows NYSE Arca to list and trade One Week Option Series, which expire one week after the date on which a series is opened. Under the Pilot Program, NYSE Arca may select up to five approved option classes on which One Week Option Series could be opened.6 A series could be opened on any Friday that is a business day and would expire on the next Friday that is a business day.7 If a Friday were not a business day, the series could be opened (or would expire) on the first business day immediately prior to that Friday. For each class selected for the Pilot Program, the Exchange usually would open five One Week Option Series in that class for each expiration date. The strike price of each One Week Option Series would be fixed at a price per share, with at least two strike prices above and two strike prices below the value of the underlying security or calculated index value at about the time that the One Week Option Series is opened. NYSE Arca will not open a One 5 The Commission approved the Pilot Program on July 12, 2005. See Securities Exchange Act Release No. 52013 (July 12, 2005), 70 FR 41471 (July 19, 2005) (SR–PCX–2005–32). Under NYSE Arca Rules 5.19 and 6.4, the Pilot Program is scheduled to expire on July 12, 2006. 6 A One Week Option Series could be opened in any option class that satisfied the applicable listing criteria under NYSE Arca rules (i.e., stock options, options on Exchange Traded Fund Shares as defined under NYSE Arca Rule 5.3, or options on indexes). The Exchange could also list and trade One Week Option Series on any option class that is selected by another exchange that employs a similar pilot program. 7 One Week Option Series would be settled in the same manner as the monthly expiration series in the same class. Thus, if the monthly option contract for a particular class were A.M.-settled, as most index options are, the One Week Option Series for that class also would be A.M.-settled; if the monthly option contract for a particular class were P.M.settled, as most non-index options are, the One Week Option Series for that class also would be P.M.-settled. Similarly, One Week Option Series for a particular class are physically settled or cashsettled in the same manner as the monthly option contract in that class. E:\FR\FM\07JYN1.SGM 07JYN1

Agencies

[Federal Register Volume 71, Number 130 (Friday, July 7, 2006)]
[Notices]
[Page 38679]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 06-6082]


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SECURITIES AND EXCHANGE COMMISSION

[File No. 500-1]


In the Matter of AdZone Research, Inc.; Order of Suspension of 
Trading

July 5, 2006.
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
AdZone Research, Inc. (``AdZone''), a Delaware corporation 
headquartered in Calverton, New York. Questions have arisen regarding 
the accuracy of assertions by AdZone, and by others, in press releases 
and Internet postings to investors concerning, among other things: (1) 
The company's contracts with two non-profit organizations, (2) the 
nature and extent of the orders that the company has received for the 
sale of licenses of its software products, and (3) the company's recent 
contributions to its employee Incentive Stock Plan.
    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 company.
    Therefore, it is ordered, pursuant to section 12(k) of the 
Securities Exchange Act of 1934, that trading in the above-listed 
company is suspended for the period from 9:30 a.m. EDT, July 5, 2006, 
through 11:59 p.m. EDT, on July 18, 2006.

    By the Commission.
Nancy M. Morris,
Secretary.
[FR Doc. 06-6082 Filed 7-5-06; 11:28 am]
BILLING CODE 8010-01-P