In the Matter of Pretory USA, Inc. (n/k/a Sunrise Petroleum Resources, Inc.); Order of Suspension of Trading, 59545 [06-8597]
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Federal Register / Vol. 71, No. 195 / Tuesday, October 10, 2006 / Notices
Alexandria, Virginia, 22312; or send an
e-mail to: PRA_Mailbox@sec.gov.
Dated: September 29, 2006.
Nancy M. Morris,
Secretary.
[FR Doc. E6–16624 Filed 10–6–06; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
Proposed Collection; Comment
Request
Upon written request, copies available
from: Securities and Exchange
Commission, Office of Filings and
Information Services, Washington, DC
20549.
jlentini on PROD1PC65 with NOTICES
Extension:
Rule 206(3)–2; SEC File No. 270–216; OMB
Control No. 3235–0243.
Notice is hereby given that, pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.), the Securities
and Exchange Commission
(‘‘Commission’’) is soliciting comments
on the collection of information
summarized below. The Commission
plans to submit this existing collection
of information to the Office of
Management and Budget (‘‘OMB’’) for
extension and approval.
Rule 206(3)–2, (17 CFR 275.206(3)–2)
which is entitled ‘‘Agency Cross
Transactions for Advisory Clients,’’
permits investment advisers to comply
with section 206(3) of the Investment
Advisers Act of 1940 (the ‘‘Act’’) (15
U.S.C. 80b–6(3)) by obtaining a client’s
blanket consent to enter into agency
cross transactions (i.e., a transaction in
which an adviser acts as a broker to both
the advisory client and the opposite
party to the transaction), provided that
certain disclosures are made to the
client. Rule 206(3)–2 applies to all
registered investment advisers. In
relying on the rule, investment advisers
must provide certain disclosures to their
clients. Advisory clients can use the
disclosures to monitor agency cross
transactions that affect their advisory
account. The Commission also uses the
information required by Rule 206(3)–2
in connection with its investment
adviser inspection program to ensure
that advisers are in compliance with the
rule. Without the information collected
under the rule, advisory clients would
not have information necessary for
monitoring their adviser’s handling of
their accounts and the Commission
would be less efficient and effective in
its inspection program.
The information requirements of the
rule consist of the following: (1) Prior to
obtaining the client’s consent
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appropriate disclosure must be made to
the client as to the practice of, and the
conflicts of interest involved in, agency
cross transactions; (2) at or before the
completion of any such transaction the
client must be furnished with a written
confirmation containing specified
information and offering to furnish
upon request certain additional
information; and (3) at least annually,
the client must be furnished with a
written statement or summary as to the
total number of transactions during the
period covered by the consent and the
total amount of commissions received
by the adviser or its affiliated brokerdealer attributable to such transactions.
The Commission estimates that
approximately 693 respondents use the
rule annually, necessitating about 32
responses per respondent each year, for
a total of 22,176 responses. Each
response requires an estimated 0.5
hours, for a total of 11,088 hours. The
estimated average burden hours are
made solely for the purposes of the
Paperwork Reduction Act and are not
derived from a comprehensive or
representative survey or study of the
cost of Commission rules and forms.
This collection of information is
found at (17 CFR 275.206(3)–2) and is
necessary in order for the investment
adviser to obtain the benefits of Rule
206(3)–2. The collection of information
requirements under the rule is
mandatory. Information subject to the
disclosure requirements of Rule 206(3)–
2 does not require submission to the
Commission; and, accordingly, the
disclosure pursuant to the rule is not
kept confidential. Commissionregistered investment advisers are
required to maintain and preserve
certain information required under Rule
206(3)–2 for five (5) years. The longterm retention of these records is
necessary for the Commission’s
inspection program to ascertain
compliance with the Advisers Act.
An agency may not conduct or
sponsor, and a person is not required to
respond to a collection of information
unless it displays a currently valid
control number.
Written comments are invited on: (a)
Whether the proposed collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information shall have practical utility;
(b) the accuracy of the agency’s estimate
of the burden of the proposed collection
of information; (c) ways to enhance the
quality, utility, and clarity of the
information to be collected; and (d)
ways to minimize the burden of the
collection of information on
respondents, including through the use
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59545
of automated collection techniques or
other forms of information technology.
Consideration will be given to
comments and suggestions submitted in
writing within sixty 60 days of this
publication.
Please direct your written comments
to 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.
Dated: October 2, 2006.
Nancy M. Morris,
Secretary.
[FR Doc. E6–16646 Filed 10–6–06; 8:45 am]
BILLING CODE 8011–01–P
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[File No. 500–1]
In the Matter of Pretory USA, Inc. (n/k/
a Sunrise Petroleum Resources, Inc.);
Order of Suspension of Trading
October 5, 2006.
It appears to the Securities and
Exchange Commission that there is a
lack of current and accurate information
concerning the securities of Pretory
USA, Inc. (n/k/a Sunrise Petroleum
Resources, Inc.) because it has not filed
any periodic reports since it filed an
amended Form 10–SB on February 18,
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
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 on October
5, 2006, through 11:59 p.m. EDT on
October 18, 2006.
By the Commission.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 06–8597 Filed 10–5–06; 11:50 am]
BILLING CODE 8011–01–P
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Agencies
[Federal Register Volume 71, Number 195 (Tuesday, October 10, 2006)]
[Notices]
[Page 59545]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 06-8597]
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SECURITIES AND EXCHANGE COMMISSION
[File No. 500-1]
In the Matter of Pretory USA, Inc. (n/k/a Sunrise Petroleum
Resources, Inc.); Order of Suspension of Trading
October 5, 2006.
It appears to the Securities and Exchange Commission that there is
a lack of current and accurate information concerning the securities of
Pretory USA, Inc. (n/k/a Sunrise Petroleum Resources, Inc.) because it
has not filed any periodic reports since it filed an amended Form 10-SB
on February 18, 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 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 on October 5,
2006, through 11:59 p.m. EDT on October 18, 2006.
By the Commission.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 06-8597 Filed 10-5-06; 11:50 am]
BILLING CODE 8011-01-P