In the Matter of Certain Companies Quoted on the Pink Sheets: Alliance Transcription Services, Inc., Prime Petroleum Group, Inc., T.W. Christian, Inc.; Order of Suspension of Trading, 57362 [07-4971]

Download as PDF 57362 Federal Register / Vol. 72, No. 194 / Tuesday, October 9, 2007 / Notices By the Commission. Nancy M. Morris, Secretary. [FR Doc. 07–4971 Filed 10–4–07; 10:28 am] SECURITIES AND EXCHANGE COMMISSION [FIle No. 500–1] BILLING CODE 8011–01–P In the Matter of Certain Companies Quoted on the Pink Sheets: Alliance Transcription Services, Inc., Prime Petroleum Group, Inc., T.W. Christian, Inc.; Order of Suspension of Trading mstockstill on PROD1PC66 with NOTICES October 4, 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 publiclydisseminated information concerning, among other things: (1) The companies’ assets, (2) the companies’ business operations and/or management, (3) the companies’ current financial condition, and/or (4) financing arrangements involving the issuance of the companies’ shares. 1. Alliance Transcription Services, Inc. is a Nevada company with offices in Maine and California. Questions have arisen regarding the adequacy and accuracy of press releases concerning the company’s assets and its current operations and financial condition and transactions involving the issuance of the company’s shares. 2. Prime Petroleum Group, Inc. is a Nevada company with offices in Washington. Questions have arisen regarding the adequacy and accuracy of press releases and other publiclydisseminated information concerning the company’s assets and its current operations, management and financial condition. 3. T.W. Christian, Inc. is a Minnesota company with offices in Vancouver, British Columbia, Canada. Questions have arisen regarding the adequacy and accuracy of press releases concerning the company’s assets and its current operations, management and financial condition. 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, October 4, 2007, through 11:59 p.m. EDT, on October 17, 2007. VerDate Aug<31>2005 17:07 Oct 05, 2007 Jkt 214001 SECURITIES AND EXCHANGE COMMISSION [Release No. 34–56593; File No. SR– NYSEArca–2007–96] Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Order Granting Accelerated Approval of Proposed Rule Change, as Modified by Amendment No. 1 Thereto, To Amend the Initial Listing Standards for IndexLinked Securities October 1, 2007. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’) 1 and Rule 19b–4 thereunder,2 notice is hereby given that on September 17, 2007, NYSE Arca, Inc. (‘‘NYSE Arca’’ or ‘‘Exchange’’), through its wholly owned subsidiary, NYSE Arca Equities, Inc. (‘‘NYSE Arca Equities’’), 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 27, 2007, the Exchange filed Amendment No. 1 to the proposed rule change. This order provides notice of and approves the proposed rule change, as modified by Amendment No. 1 thereto, 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 NYSE Arca Equities Rule 5.2(j)(6)(a) to (i) permit the listing of Index-Linked Securities 3 that do not meet the one million publicly held trading units and/ or the 400 minimum number of public holders initial distribution requirements, subject to certain conditions, (ii) decrease the minimum principal amount/market value of $20 million to $4 million for an initial listing of Index-Linked Securities, and (iii) make a non-substantive clarification to the cross-reference to ‘‘General Criteria.’’ The text of the proposed rule change is available at the Exchange, the 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 Index-Linked Securities are defined as securities that provide for the payment at maturity of a cash amount based on the performance of an underlying index or indexes. See NYSE Arca Equities Rule 5.2(j)(6). 2 17 PO 00000 Frm 00079 Fmt 4703 Sfmt 4703 Commission’s Public Reference Room, and www.nyse.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. A. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose The Exchange proposes to amend NYSE Arca Equities Rule 5.2(j)(6)(a) to permit the listing of Index-Linked Securities that do not meet the one million publicly held trading units and/ or the 400 minimum number of public holders initial distribution requirements, subject to certain conditions. The Commission has approved a similar proposal filed by the New York Stock Exchange LLC (‘‘NYSE’’).4 NYSE Arca Equities Rule 5.2(j)(6)(a) generally requires that each issue of Index-Linked Securities have at least one million publicly held trading units and that there be at least 400 public beneficial holders of such securities, provided that, if the issue of IndexLinked Securities is traded in thousand dollar denominations, the 400 minimum public beneficial holders initial distribution requirement would not apply. The Exchange proposes to add an additional exemption from the general requirements of NYSE Arca Equities Rule 5.2(j)(6)(a) such that, if an issue of Index-Linked Securities are redeemable at the option of the holders thereof on at least a weekly basis, both the minimum one million publicly held trading units and 400 beneficial holders initial distribution requirements would not apply. The Exchange believes that, where there is such a weekly redemption right, the same justification exists for an exemption from the requirement to have one million units issued at the time of listing and the minimum 400 public 4 See Securities Exchange Act Release No. 56271 (August 16, 2007), 72 FR 47107 (August 22, 2007) (SR–NYSE–2007–74). E:\FR\FM\09OCN1.SGM 09OCN1

Agencies

[Federal Register Volume 72, Number 194 (Tuesday, October 9, 2007)]
[Notices]
[Page 57362]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 07-4971]



[[Page 57362]]

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SECURITIES AND EXCHANGE COMMISSION

[FIle No. 500-1]


In the Matter of Certain Companies Quoted on the Pink Sheets: 
Alliance Transcription Services, Inc., Prime Petroleum Group, Inc., 
T.W. Christian, Inc.; Order of Suspension of Trading

October 4, 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 and/or 
management, (3) the companies' current financial condition, and/or (4) 
financing arrangements involving the issuance of the companies' shares.
    1. Alliance Transcription Services, Inc. is a Nevada company with 
offices in Maine and California. Questions have arisen regarding the 
adequacy and accuracy of press releases concerning the company's assets 
and its current operations and financial condition and transactions 
involving the issuance of the company's shares.
    2. Prime Petroleum Group, Inc. is a Nevada company with offices in 
Washington. Questions have arisen regarding the adequacy and accuracy 
of press releases and other publicly-disseminated information 
concerning the company's assets and its current operations, management 
and financial condition.
    3. T.W. Christian, Inc. is a Minnesota company with offices in 
Vancouver, British Columbia, Canada. Questions have arisen regarding 
the adequacy and accuracy of press releases concerning the company's 
assets and its current operations, management and financial condition.
    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, 
October 4, 2007, through 11:59 p.m. EDT, on October 17, 2007.

    By the Commission.
Nancy M. Morris,
Secretary.
[FR Doc. 07-4971 Filed 10-4-07; 10:28 am]
BILLING CODE 8011-01-P