In the Matter of Terax Energy, Inc.; Corrected Order of Suspension of Trading, 53270 [E7-18268]

Download as PDF 53270 Federal Register / Vol. 72, No. 180 / Tuesday, September 18, 2007 / Notices any, matters have been added, deleted or postponed, please contact the Office of the Secretary at (202) 551–5400. SECURITIES AND EXCHANGE COMMISSION Dated: September 13, 2007. Nancy M. Morris, Secretary. [FR Doc. E7–18381 Filed 9–17–07; 8:45 am] [Release No. 34–56382; File No. SR–Amex– 2007–80] BILLING CODE 8010–01–P Self-Regulatory Organizations; American Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to Member Floor Fees SECURITIES AND EXCHANGE COMMISSION September 11, 2007. [File No. 500–1] In the Matter of Terax Energy, Inc.; Corrected Order of Suspension of Trading September 12, 2007. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Terax Energy, Inc. (‘‘Terax,’’ trading symbol TEXG.OB), because of questions regarding the accuracy of assertions by Terax and by others, in reports filed with the Commission and in press releases to investors concerning, among other things: (1) The status of Terax’s oil and gas operations, (2) Terax’s purported financing agreements, (3) Terax’s supposed acquisition of a controlling interest in a foreign oil and gas firm, (4) the existence, terms and status of a purported share exchange agreement between Terax and Westar Oil, Inc., and (5) the identity of the persons in control of the operations and management of Terax. 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, September 12, 2007 through 11:59 p.m. EDT, on September 25, 2007. By the Commission. Florence E. Harmon, Deputy Secretary. [FR Doc. E7–18268 Filed 9–17–07; 8:45 am] pwalker on PROD1PC71 with NOTICES BILLING CODE 8010–01–P Pursuant to section 19(b)(1) 1 of the Securities Exchange Act of 1934 (the ‘‘Act’’), and Rule 19b–4 2 thereunder, notice is hereby given that on August 29, 2007, the American Stock Exchange LLC (‘‘Amex’’ or ‘‘Exchange’’) filed with the Securities and Exchange Commission (‘‘Commission’’) a proposed rule change as described in Items I, II, and III below, which Items have been prepared substantially by the Exchange. Amex has designated the proposed rule change as establishing or changing a due, fee, or other charge applicable only to members, pursuant to section 19(b)(3)(A)(ii) of the Act,3 and Rule 19b–4(f)(2) 4 thereunder, which renders the proposal 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 revise the Amex Floor Fee Schedule (the ‘‘Fee Schedule’’). The text of the proposed rule change is available on Amex’s Web site at https://www.amex.com, at Amex’s Office of the Secretary, 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, Amex included statements concerning the purpose of and basis for 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. 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 15 U.S.C. 78s(b)(3)(A)(ii). 4 17 CFR 240.19b–4(f)(2). 2 17 VerDate Aug<31>2005 19:28 Sep 17, 2007 Jkt 211001 PO 00000 Frm 00048 Fmt 4703 Sfmt 4703 A. Self-Regulatory Organization’s Statement of the Purpose of, and the Statutory Basis for, the Proposed Rule Change 1. Purpose The purpose of this proposal is to adopt various floor fees for services provided by the Exchange to members and member organizations in connection with the installation and management of member technology and computer networks. These services, among other things, include floor facilities, network connectivity, power and telecommunications. The Exchange submits that these changes will be implemented on September 1, 2007. The Fee Schedule sets forth the various floor fees that the Exchange proposes to adopt on either a one-time, annual or monthly basis as appropriate. The proposal seeks to add three (3) new categories to the Fee Schedule to include (i) Colocation Space, (ii) Amex Port Charges and (iii) Power. In addition, the proposal adds various fees in the Fee Schedule under sections entitled ‘‘Market Data Fees/Terminals,’’ ‘‘Equipment’’ and ‘‘Telecommunications.’’ The section entitled ‘‘Colocation Space’’ relates to the Exchange facilities space that is made available to members and member firms for the purpose of managing their own network and computing hardware at the Amex. The proposed fees provide that the members and member firms desiring full cabinet 5 space be assessed a one-time fee of $2,125.00 with an ongoing annual fee of $14,400 ($1,200/month). Alternatively, for a 1/8 cabinet increment, members will be charged a one-time fee of $265.00 with an annual fee of $1,800.00 ($150 per month). The section entitled ‘‘Amex Port Charges’’ are proposed charges for network connectivity. These proposed one-time fees range from $100 to $780 with ongoing annual fees ranging from $792 ($66/month) to $7,020 ($585/ month). The proposed connectivity charge will depend on the type of network connectivity. The section entitled ‘‘Power’’ are proposed charges for electrical power that members and member firms may use to supplement the power included in the standard Colocation Space. Proposed charges range from $1,200 a year ($100/month) to $21,912.00 a year 5 ‘‘Full cabinet’’ is defined as one (1) 44 rack unit (RU) powered telecommunications cabinet or rack with 33 RU usable space. Standard power is one (1) 20 amperes (amps) 120 volts primary power circuit and one (1) 20 amps 120 volts redundant power circuit per cabinet or rack with 16 amps available per circuit. E:\FR\FM\18SEN1.SGM 18SEN1

Agencies

[Federal Register Volume 72, Number 180 (Tuesday, September 18, 2007)]
[Notices]
[Page 53270]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-18268]


-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[File No. 500-1]


In the Matter of Terax Energy, Inc.; Corrected Order of 
Suspension of Trading

September 12, 2007.
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
Terax Energy, Inc. (``Terax,'' trading symbol TEXG.OB), because of 
questions regarding the accuracy of assertions by Terax and by others, 
in reports filed with the Commission and in press releases to investors 
concerning, among other things: (1) The status of Terax's oil and gas 
operations, (2) Terax's purported financing agreements, (3) Terax's 
supposed acquisition of a controlling interest in a foreign oil and gas 
firm, (4) the existence, terms and status of a purported share exchange 
agreement between Terax and Westar Oil, Inc., and (5) the identity of 
the persons in control of the operations and management of Terax.
    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, September 12, 
2007 through 11:59 p.m. EDT, on September 25, 2007.

    By the Commission.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7-18268 Filed 9-17-07; 8:45 am]
BILLING CODE 8010-01-P