Poseidis, Inc.; Order of Suspension of Trading, 17698 [E9-8829]

Download as PDF 17698 Federal Register / Vol. 74, No. 72 / Thursday, April 16, 2009 / Notices Dated: April 9, 2009. Karen G. Mills, Administrator. [FR Doc. E9–8791 Filed 4–15–09; 8:45 am] BILLING CODE 8025–01–P SECURITIES AND EXCHANGE COMMISSION [File No. 500–1] Poseidis, Inc.; Order of Suspension of Trading April 14, 2009. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Poseidis, Inc. (‘‘Poseidis’’) because it has not filed a periodic report since its 10–QSB/A for the quarterly period ended May 31, 2006, filed on November 21, 2007. The Commission is of the opinion that the public interest and the protection of investors require a suspension of trading in the securities of Poseidis. Therefore, it is ordered, pursuant to Section 12(k) of the Securities Exchange Act of 1934, that trading in Poseidis securities is suspended for the period from 9:30 a.m. EDT on April 14, 2009, through 11:59 p.m. EDT on April 27, 2009. By the Commission. Elizabeth M. Murphy, Secretary. [FR Doc. E9–8829 Filed 4–14–09; 4:15 pm] BILLING CODE 8010–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–59753; File Nos. 4–579 and S7–04–09] Roundtable on Oversight of Credit Rating Agencies mstockstill on PROD1PC66 with NOTICES AGENCY: Securities and Exchange Commission. ACTION: Notice of roundtable discussion; request for comment. SUMMARY: The Credit Rating Agency Reform Act of 2006 provided the Securities and Exchange Commission for the first time with authority over credit rating agencies that register with the Commission as Nationally Recognized Statistical Rating Organizations (‘‘NRSROs’’). Most of the Act’s provisions became effective in June 2007. Pursuant to the Act, the Commission has adopted two sets of rules, and Commission staff has conducted an extensive 10-month examination of the three largest credit VerDate Nov<24>2008 16:47 Apr 15, 2009 Jkt 217001 rating agencies. In February 2009, the Commission issued a proposing release that included several proposals to further the Act’s purpose of promoting accountability, transparency, and competition in the credit rating industry. The proposing release is available on the Commission’s Web site at https://www.sec.gov/rules/proposed/ 2009/34–59343.pdf. The Commission will host a roundtable discussion regarding the oversight of credit rating agencies, as it relates to both the Commission’s pending proposals and more broadly. The roundtable will consist of four panels. Roundtable participants will include leaders from investor organizations, financial services associations, credit rating agencies, and academia. The roundtable discussion will be held in the auditorium at the Commission’s headquarters at 100 F Street, NE., in Washington, DC on April 15, 2009, from 10 a.m. to 4:30 p.m. The roundtable will be open to the public with seating on a first-come, first-served basis. The roundtable discussion also will be available via webcast on the Commission’s Web site at https:// www.sec.gov. The roundtable agenda and other materials related to the roundtable, including a list of participants and moderators, will be accessible at https://www.sec.gov/ spotlight/cra-oversight-roundtable.htm. The Commission welcomes feedback regarding any of the topics to be addressed at the roundtable. DATES: Comments should be received on or before May 15, 2009. ADDRESSES: Comments may be submitted by any of the following methods: Electronic Comments • Use the Commission’s Internet comment form (https://www.sec.gov/ spotlight/cra-oversight-roundtable.htm); or • Send an e-mail to rulecomments@sec.gov. Please include File Number 4–579 and/or File Number S7– 04–09 on the subject line. Paper Comments • Send paper comments in triplicate to Elizabeth M. Murphy, Secretary, Securities and Exchange Commission, 100 F Street, NE., Washington, DC 20549–1090. All submissions should refer to File Number 4–579. For comments specifically related to the proposed amendments, such submissions also should refer to File Number S7–04–09. This file number(s) should be included PO 00000 Frm 00067 Fmt 4703 Sfmt 4703 on the subject line if e-mail is used. To help us process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission’s Internet Web site (https://www.sec.gov/ spotlight/cra-oversight-roundtable.htm). Comments are also available for public inspection and copying in the Commission’s Public Reference Room, 100 F Street, NE., Washington, DC 20549, on official business days between the hours of 10 a.m. and 3 p.m. All comments received will be posted without change; we do not edit personal identifying information from submissions. You should submit only information that you wish to make available publicly. FOR FURTHER INFORMATION CONTACT: Marlon Quintanilla Paz, Division of Trading and Markets, at (202) 551–5756, U.S. Securities and Exchange Commission, 100 F Street, NE., Washington DC 20549. SUPPLEMENTARY INFORMATION: The roundtable discussion will concern the Commission’s oversight of credit rating agencies. The panel discussions will focus on: • The perspective of current NRSROs: What went wrong and what corrective steps is the industry taking? • Competition Issues: What are current barriers to entering the credit rating agency industry? • The perspective of users of credit ratings. • Approaches to improve credit rating agency oversight. The Credit Rating Agency Reform Act of 2006 was designed to improve ratings quality for the protection of investors, serving the public interest by fostering accountability, transparency, and competition in the credit rating industry. The Act grants the Commission broad authority to examine all books and records of an NRSRO with regard to compliance with substantive Commission rules applicable to NRSROs, including rules addressing conflicts of interest and rules prohibiting certain unfair, coercive, or abusive practices. The Commission issued final rules establishing a regulatory program for NRSROs in June 2007. Since the passage of the Act and the implementation of the June 2007 final rules, the Commission has used its authority to examine the adequacy of the NRSROs’ public disclosures, their recordkeeping, their procedures to prevent the misuse of material nonpublic information, their management of conflicts of interest, and their approaches to preventing unfair, E:\FR\FM\16APN1.SGM 16APN1

Agencies

[Federal Register Volume 74, Number 72 (Thursday, April 16, 2009)]
[Notices]
[Page 17698]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-8829]


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SECURITIES AND EXCHANGE COMMISSION

[File No. 500-1]


Poseidis, Inc.; Order of Suspension of Trading

April 14, 2009.
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
Poseidis, Inc. (``Poseidis'') because it has not filed a periodic 
report since its 10-QSB/A for the quarterly period ended May 31, 2006, 
filed on November 21, 2007.
    The Commission is of the opinion that the public interest and the 
protection of investors require a suspension of trading in the 
securities of Poseidis.
    Therefore, it is ordered, pursuant to Section 12(k) of the 
Securities Exchange Act of 1934, that trading in Poseidis securities is 
suspended for the period from 9:30 a.m. EDT on April 14, 2009, through 
11:59 p.m. EDT on April 27, 2009.

    By the Commission.
Elizabeth M. Murphy,
Secretary.
[FR Doc. E9-8829 Filed 4-14-09; 4:15 pm]
BILLING CODE 8010-01-P
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