In the Matter of Plasticon International Inc.; Order of Suspension of Trading, 54486 [07-4731]

Download as PDF 54486 Federal Register / Vol. 72, No. 185 / Tuesday, September 25, 2007 / Notices Send or deliver comments to—Rob Timmins, Business Operations Manager, Presidential Management Fellows Program, U.S. Office of Personnel Management, 1900 E Street, NW., Room 1425, Washington, DC 20415 and Brenda Aguilar, OPM Desk Officer, Office of Information & Regulatory Affairs, Office of Management and Budget, New Executive Office Building, NW., Room 10235, Washington, DC 20503. ADDRESSES: Office of Personnel Management. Howard Weizmann, Deputy Director. [FR Doc. E7–18871 Filed 9–24–07; 8:45 am] BILLING CODE 6325–38–P SECURITIES AND EXCHANGE COMMISSION [File No. 500–1] In the Matter of Plasticon International Inc.; Order of Suspension of Trading September 21, 2007. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Plasticon International Inc. (‘‘Plasticon’’) because Plasticon is delinquent on most of its required filings since November 1997. 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 September 21, 2007, through 11:59 p.m. EDT on October 4, 2007. By the Commission. J. Lynn Taylor, Assistant Secretary. [FR Doc. 07–4731 Filed 9–21–07; 1:52 pm] yshivers on PROD1PC62 with NOTICES BILLING CODE 8010–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–56457; File No. SR–Amex– 2007–54] Self-Regulatory Organizations; American Stock Exchange, LLC; Notice of Filing and Order Granting Accelerated Approval to Proposed Rule Change, as Modified by Amendment No. 1 Thereto, Relating to Amendments to Exchange Training and Examination Requirements September 18, 2007. Pursuant to Section 19(b)(1) 1 of the Securities Exchange Act of 1934 (‘‘Act’’) and Rule 19b–4 thereunder,2 notice is hereby given that on June 1, 2007, the American Stock Exchange, LLC. (‘‘Amex’’ or ‘‘Exchange’’) 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. On September 5, 2007, Amex filed Amendment No. 1 to the proposed rule change.3 The Commission is publishing this notice to solicit comments on the proposed rule change, as modified by Amendment No. 1 thereto, from interested persons and approve the proposed rule change on an accelerated basis. I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to amend its rules governing training and examination requirements. The text of the proposed rule change is available at Amex, the Commission’s Public Reference Room, and http:// www.amex.com. 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 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 III 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 Amendment No. 1 supersedes and replaces the original rule filing in its entirety. 2 17 VerDate Aug<31>2005 15:20 Sep 24, 2007 Jkt 211001 PO 00000 Frm 00070 Fmt 4703 Sfmt 4703 A. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose Amex proposes certain clarifying changes to its rules governing its training and examination requirements. These changes are in connection with implementation of a mandatory annual training program for all floor members that addresses compliance with the federal securities laws and Amex rules to help prevent and deter unlawful trading by floor members, as well as to otherwise simplify and enhance the Exchange’s existing training programs.4 The Exchange’s proposal would require all floor members to participate in a mandatory annual regulatory training program, which would include participation in any Exchange testing programs in connection with the mandatory training program. The Exchange anticipates that the mandatory training program would be organized and grouped by floor member function and therefore foresees holding separate sessions for specialists, floor brokers, and registered traders. The Exchange also proposes to enhance the new member qualification program. The new member qualification program currently in place requires all prospective new members to participate in a comprehensive training program and successfully complete a corresponding examination at the conclusion of the training. Members seeking to qualify as specialists must successfully complete a separate examination as well. The new program would retain the new member training program and examination as they currently exist, but would replace the specialist examination with an in-depth training program. The Exchange represents that it has found that new specialist applicants, in preparing for the specialist examination, focus primarily on the requirements necessary to pass the examination. The Exchange believes that a more effective method of training prospective specialists would involve training specifically related to specialists’ particular activities and requirements. To this end, the Exchange proposes to eliminate the specialist 4 Pursuant to an undertaking agreed to in connection with the recent settlement of a Commission administrative proceeding (the ‘‘Order’’), Amex agreed to enhance its existing regulatory training programs for floor members and certain staff members that addresses compliance with the federal securities laws and Exchange rules to help prevent and deter unlawful trading by floor members. See Exchange Act Release No. 55507; Administrative Proceeding File No. 3–12594 (March 22, 2007). E:\FR\FM\25SEN1.SGM 25SEN1

Agencies

[Federal Register Volume 72, Number 185 (Tuesday, September 25, 2007)]
[Notices]
[Page 54486]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 07-4731]


=======================================================================
-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[File No. 500-1]


In the Matter of Plasticon International Inc.; Order of 
Suspension of Trading

September 21, 2007.
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
Plasticon International Inc. (``Plasticon'') because Plasticon is 
delinquent on most of its required filings since November 1997.
    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 September 21, 
2007, through 11:59 p.m. EDT on October 4, 2007.

    By the Commission.
J. Lynn Taylor,
Assistant Secretary.
[FR Doc. 07-4731 Filed 9-21-07; 1:52 pm]
BILLING CODE 8010-01-P