In the Matter of: Avitech Life Sciences, Inc.; Order of Suspension of Trading, 71725 [07-6095]

Download as PDF Federal Register / Vol. 72, No. 242 / Tuesday, December 18, 2007 / Notices as Common Rules under the Plan. In reviewing the list of Common Rules, the Participants may add additional rules that qualify as Common Rules, will delete rules that are no longer identical or substantially similar to the Common Rules, and will confirm that the remaining rules included on Exhibit A continue to qualify as Common Rules. The Commission notes that all amendments to the Plan, excluding certain changes to Exhibits A and B, must be filed with and approved by the Commission.16 In addition, no less frequently than every two years, the OSG will allocate common members that conduct an options business among the Participants, and the Participant to which a common member is allocated will serve as the DOSR for that common member. The Plan also permits the Participants, subject to notice, to terminate the Plan or cancel their participation in the Plan. The Commission notes that a cancelling Participant will retain its regulatory responsibilities under the Plan until such time as the Commission has approved the cancellation or termination of the Plan. The Commission also notes that the proposed Plan is wholly separate from the multiparty options agreement made pursuant to Rule 17d–2 by and among Amex, BSE, CBOE, ISE, NASD (n/k/a FINRA), NYSE, NYSE Arca, and Phlx involving the allocation of regulatory responsibilities with respect to common members for compliance with common rules relating to the conduct of brokerdealers of accounts for listed options or index warrants entered into on December 1, 2006, and as may be amended from time to time.17 IV. Conclusion This Order gives effect to the Plan filed with the Commission in File No. 4–551. The Participants shall notify all members affected by the Plan of their rights and obligations under the Plan. It is therefore ordered, pursuant to Section 17(d) of the Act,18 that the Plan in File No. 4–551 by and between yshivers on PROD1PC62 with NOTICES 16 With respect to this proposed Plan, the Participants may include an additional rule in the list of Common Rules on Exhibit A without having to file an amendment to the Plan with the Commission, as long as such rules of each Participant that are to be included in Exhibit A meet the definition of Common Rules contained in the Plan and are otherwise consistent with the allocation of regulatory responsibility pursuant to the terms of the Plan. 17 See Securities Exchange Act Release Nos. 55145 (January 22, 2007), 72 FR 3882 (January 26, 2007) (File No. S7–966) (notice) and 55532 (March 26, 2007), 72 FR 15729 (April 2, 2007) (File No. S7– 966) (order). 18 15 U.S.C. 78q(d). VerDate Aug<31>2005 15:19 Dec 17, 2007 Jkt 214001 Amex, BSE, CBOE, ISE, FINRA, NYSE Arca, and Phlx, filed pursuant to Rule 17d–2 under the Act,19 is hereby approved and declared effective. It is further ordered that those SRO Participants that are not the DOSR as to a particular common member are relieved of those regulatory responsibilities allocated to the common member’s DOSR under the Plan. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.20 Florence E. Harmon, Deputy Secretary. [FR Doc. E7–24467 Filed 12–17–07; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [File No. 500–1] In the Matter of: Avitech Life Sciences, Inc.; Order of Suspension of Trading December 14, 2007. It appears to the Securities and Exchange Commission that the market for the securities of Avitech LifeSciences, Inc. (‘‘Avitech,’’ trading symbol AVLF), may be reacting to manipulative forces or deceptive practices and that there is insufficient current public information about the issuer upon which an informed investment decision may be made, particularly concerning (1) the identity of and prior securities fraud judgments against persons who appear to be involved in the offer and sale of Avitech shares; (2) the financial performance and business prospects of Avitech; and (3) offerings to foreign investors and any restrictions on the resale of shares. 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 of 9:30 a.m. EST, December 14, 2007 through 11:59 p.m. EST, on December 28, 2007. By the Commission. J. Lynn Taylor, Assistant Secretary. [FR Doc. 07–6095 Filed 12–14–07; 12:26 pm] BILLING CODE 8011–01–P 19 17 20 17 PO 00000 CFR 240.17d–2. CFR 200.30–3(a)(34). Frm 00111 Fmt 4703 Sfmt 4703 71725 SECURITIES AND EXCHANGE COMMISSION [File No. 500–1] In the Matter of: Green Machine Development Corp.; Order of Suspension of Trading December 14, 2007. It appears to the Securities and Exchange Commission that the market for the securities of Green Machine Development Corp. (‘‘Green Machine,’’ trading symbol GMVP), may be reacting to manipulative forces or deceptive practices and that there is insufficient current public information about the issuer upon which an informed investment decision may be made, particularly concerning (1) the identity of and prior securities fraud judgments against persons who appear to be involved in the offer and sale of Green Machine shares; (2) the financial performance and business prospects of Green Machine; and (3) offerings to foreign investors and any restrictions on the resale of shares. 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 of 9:30 a.m. EST, December 14, 2007 through 11:59 p.m. EST, on December 28, 2007. By the Commission. J. Lynn Taylor, Assistant Secretary. [FR Doc. 07–6096 Filed 12–14–07; 12:26 pm] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [File No. 500–1] In the Matter of: Xiiva Holdings Inc.; Order of Suspension of Trading December 14, 2007. It appears to the Securities and Exchange Commission that the market for the securities of Xiiva Holdings, Inc. (‘‘Xiiva,’’ trading symbol XIVAF), may be reacting to manipulative forces or deceptive practices and that there is insufficient current public information about the issuer upon which an informed investment decision may be made, particularly concerning (1) the identity of and prior securities fraud judgments against persons who appear to be involved in the offer and sale of E:\FR\FM\18DEN1.SGM 18DEN1

Agencies

[Federal Register Volume 72, Number 242 (Tuesday, December 18, 2007)]
[Notices]
[Page 71725]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 07-6095]


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SECURITIES AND EXCHANGE COMMISSION

[File No. 500-1]


In the Matter of: Avitech Life Sciences, Inc.; Order of 
Suspension of Trading

December 14, 2007.
    It appears to the Securities and Exchange Commission that the 
market for the securities of Avitech LifeSciences, Inc. (``Avitech,'' 
trading symbol AVLF), may be reacting to manipulative forces or 
deceptive practices and that there is insufficient current public 
information about the issuer upon which an informed investment decision 
may be made, particularly concerning (1) the identity of and prior 
securities fraud judgments against persons who appear to be involved in 
the offer and sale of Avitech shares; (2) the financial performance and 
business prospects of Avitech; and (3) offerings to foreign investors 
and any restrictions on the resale of shares.
    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 of 9:30 a.m. EST, December 14, 2007 
through 11:59 p.m. EST, on December 28, 2007.

    By the Commission.
J. Lynn Taylor,
Assistant Secretary.
[FR Doc. 07-6095 Filed 12-14-07; 12:26 pm]
BILLING CODE 8011-01-P
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