In the Matter of Aampro Group, Inc.; Order of Suspension of Trading, 2291 [08-104]
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Federal Register / Vol. 73, No. 9 / Monday, January 14, 2008 / Notices
100 F Street, NE., Washington, DC
20549–1090.
All submissions should refer to File
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submission, all subsequent
amendments, all written statements
with respect to the Plan Amendments
that are filed with the Commission, and
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provisions of 5 U.S.C. 552, will be
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should be submitted on or before
February 4, 2008.
combinations, and (3) the company’s
current 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 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. EST January 10,
2008, through 11:59 p.m. EST on
January 24, 2008.
By the Commission.
Nancy M. Morris,
Secretary.
[FR Doc. 08–104 Filed 1–11–08; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–57106; File No. SR–Amex–
2007–36]
Self-Regulatory Organizations;
American Stock Exchange LLC; Notice
of Filing of Proposed Rule Change and
Amendment No. 1 To Eliminate a
Volume Add-on to Amex Options
Specialist Financial Requirements
January 4, 2008.
[File No. 500–1]
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 April 10,
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, II, and
III below, which Items have been
substantially prepared by Amex. On
December 12, 2007, the Exchange filed
Amendment No. 1 to the proposed rule
change. The Commission is publishing
this notice to solicit comments on the
proposed rule change, as amended, from
interested persons.
In the Matter of Aampro Group, Inc.;
Order of Suspension of Trading
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.8
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E8–348 Filed 1–11–08; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
rmajette on PROD1PC64 with NOTICES
January 10, 2008.
It appears to the Securities and
Exchange Commission that there is a
lack of current and accurate information
concerning the securities of Aampro
Group, Inc. (‘‘Aampro’’) because of
questions regarding the adequacy and
accuracy of information in Aampro’s
public filings concerning, among other
things: (1) The company’s business
operations, (2) the company’s business
The Exchange proposes to amend the
Amex options specialist financial
requirements to eliminate the add-on of
$25,000 for each option class in excess
of the initial twenty-five issues in which
the specialist is registered. The text of
the proposed rule change is available on
the Amex’s Web site at https://
www.amex.com and at the
Commission’s Public Reference Room.
1 15
8 17
CFR 200.30–3(a)(27).
VerDate Aug<31>2005
15:22 Jan 11, 2008
2 17
Jkt 214001
PO 00000
U.S.C. 78s(b)(1).
CFR 240.19b–4.
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Fmt 4703
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 IV 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 the
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The Amex is proposing to amend Rule
950–ANTE(h). Rule 950–ANTE(h)
currently requires an option specialist to
maintain minimum tentative net capital
in the amount of $1,000,000 plus
$25,000 for each option issue (option
class) in excess of the initial twenty-five
issues in which the specialist is
registered. The amendment would
eliminate the $25,000 add-on for each
option class in excess of the initial
twenty-five option classes.
Amex member firms are subject to
both the Amex and the Commission’s
net capital rule.3 The multiple listing of
options across markets, as well as
quoting obligations of registered options
traders, remote registered options
traders, and supplemental registered
options traders now provides multiple
sources of liquidity in each options
class, which diminishes the role and
need to highly capitalize any one
liquidity provider. Therefore, the
benefits of requiring Amex options
specialists to maintain net capital
beyond the Commission’s net capital
rule have been greatly reduced.
Reducing the amount of capital required
to be held under the Amex net capital
rule also would allow options
specialists to use funds previously
maintained to meet Amex net capital
requirements for other purposes,
lowering their cost of business and
helping to ensure that they can continue
to function as options specialists on the
Exchange.
2. Statutory Basis
The Exchange believes that the
proposed rule change is consistent with
3 Rule
15c3–1 under the Act (17 CFR 240.15c3–
1).
Sfmt 4703
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[Federal Register Volume 73, Number 9 (Monday, January 14, 2008)]
[Notices]
[Page 2291]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 08-104]
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SECURITIES AND EXCHANGE COMMISSION
[File No. 500-1]
In the Matter of Aampro Group, Inc.; Order of Suspension of
Trading
January 10, 2008.
It appears to the Securities and Exchange Commission that there is
a lack of current and accurate information concerning the securities of
Aampro Group, Inc. (``Aampro'') because of questions regarding the
adequacy and accuracy of information in Aampro's public filings
concerning, among other things: (1) The company's business operations,
(2) the company's business combinations, and (3) the company's current
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 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. EST January 10,
2008, through 11:59 p.m. EST on January 24, 2008.
By the Commission.
Nancy M. Morris,
Secretary.
[FR Doc. 08-104 Filed 1-11-08; 8:45 am]
BILLING CODE 8011-01-P
