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