In the Matter of: The Alternative Energy Technology Center, Inc.; Order of Suspension of Trading, 18587 [08-1103]
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Federal Register / Vol. 73, No. 66 / Friday, April 4, 2008 / Notices
SECURITIES AND EXCHANGE
COMMISSION
[File No. 500–1]
In the Matter of: The Alternative Energy
Technology Center, Inc.; Order of
Suspension of Trading
April 2, 2008.
It appears to the Securities and
Exchange Commission that the public
interest and the protection of investors
require a suspension of trading in the
securities of The Alternative Energy
Technology Center, Inc. Questions have
arisen concerning the company’s
reliance on Rule 504 of Regulation D of
the Securities Act of 1933 in conducting
a distribution of its securities, and the
accuracy and adequacy of statements in
the company’s press releases regarding
its rights to certain technology. The
Alternative Energy Technology Center,
Inc., a company that has made no public
filings with the Commission, is quoted
on the Pink Sheets under the ticker
symbol AETE, and has recently been the
subject of spam e-mail touting the
company’s shares.
The Commission is of the opinion that
the public interest and the protection of
the investors require a suspension of
trading in 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, April 2,
2008, through 11:59 p.m. EDT, on April
15, 2008.
By the Commission.
Nancy M. Morris,
Secretary.
[FR Doc. 08–1103 Filed 4–2–08; 10:16am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–57579; File No. SR–
NASDAQ–2008–026]
Self-Regulatory Organizations; The
NASDAQ Stock Market LLC; Notice of
Filing and Immediate Effectiveness of
a Proposed Rule Change to Participate
in the Options Penny Pilot Program
ebenthall on PRODPC61 with NOTICES
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 March 25,
2008, The NASDAQ Stock Market LLC
2 17
U.S.C. 78s(b)(1).
CFR 240.19b–4.
VerDate Aug<31>2005
15:24 Apr 03, 2008
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
Nasdaq is planning to commence
trading on its recently-approved
NASDAQ Options Market 5 on March
31, 2008, and to participate from that
date in the Options Penny Pilot Program
by trading in penny increments all 63
options currently scheduled to be traded
in penny increments on the six existing
options exchanges.6 Nasdaq’s
participation in the pilot will commence
at the start of trading on the NASDAQ
Options Market on March 31, 2008, and
continue until March 27, 2009.
The text of the proposed rule change
is available at Nasdaq, the Commission’s
Public Reference Room, and https://
www.nasdaq.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,
Nasdaq 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. Nasdaq has prepared
summaries, set forth in sections A, B,
and C below, of the most significant
aspects of such statements.
3 15
U.S.C. 78s(b)(3)(A).
CFR 240.19b–4(f)(6).
5 See Securities Exchange Act Release No. 57478
(March 12, 2008), 73 FR 14521 (March 18, 2008)
(SR–NASDAQ–2007–004 and SR–NASDAQ–2007–
080).
6 The following options will be traded on The
NASDAQ Options Market beginning March 31,
2008: QQQQ and AMAT. See Options Trader Alert
#2008–4 at https://www.nasdaqtrader.com/
TraderNews.aspx?id=OTA2008–004.
4 17
March 28, 2008.
1 15
(‘‘Nasdaq’’ 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 Nasdaq. The
Exchange filed the proposal as a ‘‘noncontroversial’’ proposed rule change
pursuant to section 19(b)(3)(A) of the
Act 3 and Rule 19b–4(f)(6) thereunder,4
which rendered 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.
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18587
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
1. Purpose
On March 12, 2008, the Commission
approved SR–NASDAQ–2007–004 and
SR–NASDAQ–2007–080, proposals to
create the NASDAQ Options Market
(‘‘NOM’’). Chapter VI, Section 5 of the
approved rules states that Nasdaq may
trade options in penny increments
pursuant to the Commission’s pilot
program for options (‘‘Penny Pilot
Program’’). Through this filing, Nasdaq
proposes to establish the parameters of
its participation in the Penny Pilot
Program.
Prior to the Penny Pilot Program,
options were quoted in nickel and dime
increments. The minimum price
variation for quotations in options series
that are quoted at less than $3 per
contract is $0.05 and the minimum
price variation for quotations in options
series that are quoted at $3 per contract
or greater is $0.10.
Under the Penny Pilot Program,
beginning on January 26, 2007, market
participants were able to begin quoting
in penny increments in certain series of
option classes. The Penny Pilot Program
originally included the following
thirteen options: Ishares Russell 2000
(IWM); NASDAQ–100 Index Tracking
Stock (QQQQ); SemiConductor Holders
Trust (SMH); General Electric Company
(GE); Advanced Micro Devices, Inc.
(AMD); Microsoft Corporation (MSFT);
Intel Corporation (INTC); Caterpillar,
Inc. (CAT); Whole Foods Market, Inc.
(WFMI); Texas Instruments, Inc. (TXN);
Flextronics International Ltd. (FLEX);
Sun Microsystems, Inc. (JAVA); and
Agilent Technologies, Inc. (A).
On September 28, 2007, the following
twenty-two options classes were added:
SPDRs (SPY); Apple, Inc. (AAPL); Altria
Group Inc. (MO); Dendreon Corp.
(DNDN); Amgen Inc. (AMGN); Yahoo!
Inc. (YHOO); QUALCOMM Inc.
(QCOM); General Motors Corporation
(GM); Energy Select Sector (XLE);
DIAMONDS Trust, Series 1 (DIA); Oil
Services HOLDRs (OIH); NYSE
Euronext, Inc. (NYX); Cisco Systems,
Inc. (CSCO); Financial Select Sector
SPDR (XLF); AT&T Inc. (T); Citigroup
Inc. (C); Amazon.com Inc. (AMZN);
Motorola Inc. (MOT); Research in
Motion Ltd. (RIMM); FreeportMcMoRan Copper & Gold Inc. (FCX);
ConocoPhillips (COP); and BristolMyers Squibb Co. (BMY). These thirtyfive options classes are among the most
actively-traded, multiply-listed options
classes.
E:\FR\FM\04APN1.SGM
04APN1
]]>Agencies
[Federal Register Volume 73, Number 66 (Friday, April 4, 2008)]
[Notices]
[Page 18587]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 08-1103]
[[Page 18587]]
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SECURITIES AND EXCHANGE COMMISSION
[File No. 500-1]
In the Matter of: The Alternative Energy Technology Center, Inc.;
Order of Suspension of Trading
April 2, 2008.
It appears to the Securities and Exchange Commission that the
public interest and the protection of investors require a suspension of
trading in the securities of The Alternative Energy Technology Center,
Inc. Questions have arisen concerning the company's reliance on Rule
504 of Regulation D of the Securities Act of 1933 in conducting a
distribution of its securities, and the accuracy and adequacy of
statements in the company's press releases regarding its rights to
certain technology. The Alternative Energy Technology Center, Inc., a
company that has made no public filings with the Commission, is quoted
on the Pink Sheets under the ticker symbol AETE, and has recently been
the subject of spam e-mail touting the company's shares.
The Commission is of the opinion that the public interest and the
protection of the investors require a suspension of trading in
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, April 2, 2008,
through 11:59 p.m. EDT, on April 15, 2008.
By the Commission.
Nancy M. Morris,
Secretary.
[FR Doc. 08-1103 Filed 4-2-08; 10:16am]
BILLING CODE 8011-01-P
