In the Matter of Certain Companies Quoted on the Pink Sheets: Amerossi EC, Inc., Irwin Resources, Inc., Peopleline Telecom, Inc.; Order of Suspension of Trading, 19221 [07-1913]

Download as PDF Federal Register / Vol. 72, No. 73 / Tuesday, April 17, 2007 / Notices (10) and 17 CFR 200.402(a)(3), (5), (7), 9(ii) and (10), permit consideration of the scheduled matters at the Closed Meeting. Commissioner Nazareth, as duty officer, voted to consider the items listed for the closed meeting in closed session. The subject matter of the Closed Meeting scheduled for Thursday, April 19, 2007 will be: Formal orders of investigations; Institution and settlement of injunctive actions; Institution and settlement of administrative proceedings of an enforcement nature; Litigation matters; and Other matters related to enforcement proceedings. At times, changes in Commission priorities require alterations in the scheduling of meeting items. For further information and to ascertain what, if any, matters have been added, deleted or postponed, please contact: The Office of the Secretary at (202) 551–5400. Dated: April 12, 2007. Nancy M. Morris, Secretary. [FR Doc. E7–7282 Filed 4–16–07; 8:45 am] 2. Irwin Resources, Inc., is a Delaware company with offices in Vancouver, British Columbia, Canada. Questions have arisen regarding the adequacy and accuracy of press releases concerning the company’s current financial condition, management, operations, and transactions involving the issuance of the company’s shares. 3. Peopleline Telecom, Inc. is a Nevada company based in Los Angeles, California. Questions have arisen regarding the adequacy and accuracy of press releases concerning the company’s operations and concerning stock promoting activity. 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 companies listed above. Therefore, it is ordered, pursuant to Section 12(k) of the Securities Exchange Act of 1934, that trading in the securities of the companies listed above is suspended for the period from 9:30 a.m. EDT, April 13, 2007, through 11:59 p.m. EDT, on April 26, 2007. By the Commission. J. Lynn Taylor, Assistant Secretary. [FR Doc. 07–1913 Filed 4–13–07; 12:56 pm] BILLING CODE 8010–01–P BILLING CODE 8010–01–P SECURITIES AND EXCHANGE COMMISSION SECURITIES AND EXCHANGE COMMISSION [File No. 500.1] [Release No. 34–55606; File No. SR–BSE– 2006–11] In the Matter of Certain Companies Quoted on the Pink Sheets: Amerossi EC, Inc., Irwin Resources, Inc., Peopleline Telecom, Inc.; Order of Suspension of Trading Self-Regulatory Organizations; Boston Stock Exchange, Inc.; Order Approving Proposed Rule Change and Amendments No. 1 and 2 Relating to the Boston Options Exchange’s Minor Rule Violation Plan sroberts on PROD1PC70 with NOTICES April 13, 2007. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of the issuers listed below. As set forth below for each issuer, questions have arisen regarding the adequacy and accuracy of publicly disseminated information concerning, among other things: (1) The companies’ assets, (2) the companies’ business operations, (3) the companies’ current financial condition, and/or (4) financing arrangements involving the issuance of the companies’ shares. 1. Amerossi EC, Inc. is a Wyoming company with offices in Bangkok, Thailand. Questions have arisen regarding the adequacy and accuracy of press releases concerning the company’s operations. VerDate Aug<31>2005 19:39 Apr 16, 2007 Jkt 211001 April 10, 2007. On March 6, 2006, the Boston Stock Exchange, Inc. (‘‘BSE’’ or ‘‘Exchange’’) filed with the Securities and Exchange Commission (‘‘Commission’’), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’) 1 and Rule 19b–4 thereunder,2 a proposed rule change to amend Chapter X of the Boston Options Exchange (‘‘BOX’’) Rules, BOX’s minor rule violation plan (‘‘BOX MRVP’’). The Exchange filed Amendments No. 1 and 2 to the proposed rule change on June 28, 2006, and July 14, 2006, respectively. The proposed rule change, as amended, was published for comment in the Federal 1 15 2 17 PO 00000 U.S.C. 78s(b)(1). CFR 240.19b–4. Frm 00057 Fmt 4703 Sfmt 4703 19221 Register on March 7, 2007.3 The Commission received no comments regarding the proposal. This order approves the proposed rule change, as modified by Amendments No. 1 and 2. The Exchange proposed to make the following actions subject to the BOX MRVP: • contrary exercise advice infractions (in violation of BOX Rule Chapter VII, Section 1(c), (d), (f), and (g)); • locked and crossed market infringements (in violation of BOX Rule Chapter XII, Section 4); • Market Maker assigned activity violations (in violation of BOX Rule Chapter VI, Section 4(e)); • Market Maker’s failure to respond to a request for a quote within the designated time limit (in violation of BOX Rule Chapter VI, Section 6(b)(ii)– (iii)); and • trade-through violations (in violation of BOX Rule Chapter XII, Section 3(a)). The sanctions imposed would include the application of a fine for each violation and an increased fine amount for repeat violations. In the instance of a trade-through violation, the rule proposal would also allow BOX Regulation to require the Options Participant 4 to disgorge any gains from transactions in violation of the tradethrough rules. The Commission finds that the proposed rule change is consistent with the requirements of the Act and the rules and regulations thereunder applicable to a national securities exchange.5 In particular, the Commission believes that the proposal is consistent with Section 6(b)(5) of the Act,6 which requires that the rules of an exchange be designed to promote just and equitable principles of trade, to remove impediments to and to perfect the mechanism of a free and open market and a national market system, and, in general, to protect investors and the public interest. The Commission further believes that the proposal is consistent with Sections 6(b)(1) and 6(b)(6) of the Act,7 which require that the rules of an exchange enforce compliance with, and provide appropriate discipline for, violations of Commission and Exchange rules. In addition, because BSE Rule Chapter 3 See Securities Exchange Act Release No. 55373 (February 28, 2007), 72 FR 10276. 4 See BOX Rule Chapter I, Section 1(a)(40) for definition of ‘‘Options Participants.’’ 5 In approving this proposed rule change, the Commission notes that it has considered the proposed rule’s impact on efficiency, competition, and capital formation. See 15 U.S.C. 78c(f). 6 15 U.S.C. 78f(b)(5). 7 15 U.S.C. 78f(b)(1) and 78f(b)(6). E:\FR\FM\17APN1.SGM 17APN1

Agencies

[Federal Register Volume 72, Number 73 (Tuesday, April 17, 2007)]
[Notices]
[Page 19221]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 07-1913]


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SECURITIES AND EXCHANGE COMMISSION

[File No. 500.1]


In the Matter of Certain Companies Quoted on the Pink Sheets: 
Amerossi EC, Inc., Irwin Resources, Inc., Peopleline Telecom, Inc.; 
Order of Suspension of Trading

April 13, 2007.
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
the issuers listed below. As set forth below for each issuer, questions 
have arisen regarding the adequacy and accuracy of publicly 
disseminated information concerning, among other things: (1) The 
companies' assets, (2) the companies' business operations, (3) the 
companies' current financial condition, and/or (4) financing 
arrangements involving the issuance of the companies' shares.
    1. Amerossi EC, Inc. is a Wyoming company with offices in Bangkok, 
Thailand. Questions have arisen regarding the adequacy and accuracy of 
press releases concerning the company's operations.
    2. Irwin Resources, Inc., is a Delaware company with offices in 
Vancouver, British Columbia, Canada. Questions have arisen regarding 
the adequacy and accuracy of press releases concerning the company's 
current financial condition, management, operations, and transactions 
involving the issuance of the company's shares.
    3. Peopleline Telecom, Inc. is a Nevada company based in Los 
Angeles, California. Questions have arisen regarding the adequacy and 
accuracy of press releases concerning the company's operations and 
concerning stock promoting activity.
    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 companies listed above.
    Therefore, it is ordered, pursuant to Section 12(k) of the 
Securities Exchange Act of 1934, that trading in the securities of the 
companies listed above is suspended for the period from 9:30 a.m. EDT, 
April 13, 2007, through 11:59 p.m. EDT, on April 26, 2007.

    By the Commission.
J. Lynn Taylor,
Assistant Secretary.
[FR Doc. 07-1913 Filed 4-13-07; 12:56 pm]
BILLING CODE 8010-01-P
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