In the Matter of: Machine Technology, Inc., Magnum Sports & Entertainment, Inc., Management of Environmental Solutions & Technology Corp., and Mariculture Systems, Inc.; Order of Suspension of Trading, 12478 [08-987]

Download as PDF 12478 Federal Register / Vol. 73, No. 46 / Friday, March 7, 2008 / Notices SECURITIES AND EXCHANGE COMMISSION SECURITIES AND EXCHANGE COMMISSION [File No. 500–1] [Release No. 34–57411; File No. SR–CBOE– 2008–25] In the Matter of: Machine Technology, Inc., Magnum Sports & Entertainment, Inc., Management of Environmental Solutions & Technology Corp., and Mariculture Systems, Inc.; Order of Suspension of Trading Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to the Temporary Membership Status Access Fee March 5, 2008. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Machine Technology, Inc. because it has not filed any periodic reports since it filed a Form 10–Q for the period ended May 31, 1994. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Magnum Sports & Entertainment, Inc. because it has not filed any periodic reports since it filed a Form 10–QSB for the period ended March 31, 2002. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Management of Environmental Solutions & Technology Corp. because it has not filed any periodic reports since it filed a Form 10–QSB for the period ended June 30, 2002. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Mariculture Systems, Inc. because it has not filed any period reports since it filed a Form 10–QSB for the period ended September 30, 2002. 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 companies. Therefore, it is ordered, pursuant to Section 12(k) of the Securities Exchange Act of 1934, that trading in the securities of the above-listed companies is suspended for the period from 9:30 a.m. EST on March 5, 2008, through 11:59 p.m. EDT on March 18, 2008. By the Commission. March 3, 2008. sroberts on PROD1PC70 with NOTICES DATE: Nancy M. Morris, Secretary. [FR Doc. 08–987 Filed 3–05–08; 9:45 am] BILLING CODE 8011–01–P VerDate Aug<31>2005 18:46 Mar 06, 2008 Jkt 214001 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 February 29, 2008, the Chicago Board Options Exchange, Incorporated (‘‘CBOE’’ 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 prepared by the Exchange. CBOE has designated this proposal as one establishing or changing a due, fee, or other charge imposed by the Exchange under section 19(b)(3)(A),3 and Rule 19b–4(f)(2) thereunder,4 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 CBOE proposes to adjust the monthly access fee for persons granted temporary CBOE membership status (‘‘Temporary Members’’) pursuant to Interpretation and Policy .02 under CBOE Rule 3.19 (‘‘Rule 3.19.02’’). The text of the proposed rule change is available on the Exchange’s Web site (https:// www.cboe.org/Legal/), at the Exchange’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, CBOE included statements concerning the purpose of, and basis for, the proposed rule change and discussed any comments it received on the proposal. The text of these statements may be examined at the places specified in Item IV below. CBOE has prepared 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 15 U.S.C. 78s(b)(3)(A). 4 17 CFR 240.19b–4(f)(2). 2 17 PO 00000 Frm 00112 Fmt 4703 Sfmt 4703 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 current access fee for Temporary Members under Rule 3.19.02 5 is $7,354 per month and took effect on February 1, 2008. The Exchange proposes to revise the access fee to be $8,468 per month commencing on March 1, 2008. The Exchange used the following process to set the proposed access fee: The Exchange polled each of the clearing firms that assists in facilitating at least 10% of the transferable CBOE membership leases and obtained the Clearing Firm Floating Monthly Rate 6 designated by each of these clearing firms for the month of March 2008. The Exchange then set the proposed access fee at an amount equal to the highest of these Clearing Firm Floating Monthly Rates. The Exchange used the same process to set the proposed access fee that it used to set the current access fee. The only difference is that the Exchange used Clearing Firm Floating Monthly Rate information for the month of March 2008 to set the proposed access fee (instead of Clearing Firm Floating Monthly Rate information for the month of February 2008 as was used to set the current access fee) in order to take into account changes in Clearing Firm Floating Monthly Rates for the month of March 2008. The Exchange believes that the process used to set the proposed access fee and the proposed access fee itself are appropriate for the same reasons set forth in CBOE rule filing SR–CBOE– 2008–12 in support of that process and the current access fee.7 The proposed access fee will remain in effect until such time either that the Exchange submits a further rule filing pursuant to section 19(b)(3)(A)(ii) of the 5 See Securities Exchange Act Release No. 56458 (September 18, 2007), 72 FR 54309 (September 24, 2007) (SR–CBOE–2007–107) for a description of the Temporary Membership status under Rule 3.19.02. 6 The term ‘‘Clearing Firm Floating Monthly Rate’’ refers to the floating monthly rate that a clearing firm designates, in connection with transferable membership leases that the clearing firm assisted in facilitating, for leases that utilize that floating monthly rate. 7 See Securities Exchange Act Release No. 57293 (February 8, 2008), 73 FR 8729 (February 14, 2008) (SR–CBOE–2008–12), which established the current access fee, for detail regarding the rationale in support of the current access fee and the process used to set that fee, which is also applicable to this proposed rule change as well. E:\FR\FM\07MRN1.SGM 07MRN1

Agencies

SECURITIES AND EXCHANGE COMMISSION

[Federal Register Volume 73, Number 46 (Friday, March 7, 2008)]
[Notices]
[Page 12478]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 08-987]



[[Page 12478]]

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SECURITIES AND EXCHANGE COMMISSION

[File No. 500-1]


In the Matter of: Machine Technology, Inc., Magnum Sports & 
Entertainment, Inc., Management of Environmental Solutions & Technology 
Corp., and Mariculture Systems, Inc.; Order of Suspension of Trading

Date: March 5, 2008.
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
Machine Technology, Inc. because it has not filed any periodic reports 
since it filed a Form 10-Q for the period ended May 31, 1994.
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
Magnum Sports & Entertainment, Inc. because it has not filed any 
periodic reports since it filed a Form 10-QSB for the period ended 
March 31, 2002.
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
Management of Environmental Solutions & Technology Corp. because it has 
not filed any periodic reports since it filed a Form 10-QSB for the 
period ended June 30, 2002.
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
Mariculture Systems, Inc. because it has not filed any period reports 
since it filed a Form 10-QSB for the period ended September 30, 2002.
    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 companies.
    Therefore, it is ordered, pursuant to Section 12(k) of the 
Securities Exchange Act of 1934, that trading in the securities of the 
above-listed companies is suspended for the period from 9:30 a.m. EST 
on March 5, 2008, through 11:59 p.m. EDT on March 18, 2008.
    By the Commission.

Nancy M. Morris,
Secretary.
[FR Doc. 08-987 Filed 3-05-08; 9:45 am]
BILLING CODE 8011-01-P

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