In the Matter of Placer Gold Corp. f\k\a Arctic Oil and Gas Corp.; Order of Suspension of Trading, 67938 [E9-30354]

Download as PDF 67938 Federal Register / Vol. 74, No. 243 / Monday, December 21, 2009 / Notices Insurance Group, Inc. because it has not filed any periodic reports since the period ended September 30, 2003. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of ITC Learning Corp. because it has not filed any periodic reports since the period ended March 31, 2001. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Speizman Industries, Inc. because it has not filed any periodic reports since the period ended December 27, 2003. 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 abovelisted companies is suspended for the period from 9:30 a.m. EST on December 17, 2009, through 11:59 p.m. EST on December 31, 2009. By the Commission. Jill M. Peterson, Assistant Secretary. [FR Doc. E9–30359 Filed 12–17–09; 11:15 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [File No. 500–1] In the Matter of Placer Gold Corp. f\k\a Arctic Oil and Gas Corp.; Order of Suspension of Trading erowe on DSK5CLS3C1PROD with NOTICES December 17, 2009. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Placer Gold Corporation (f\k\a Arctic Oil and Gas Corp.) because questions have arisen regarding the accuracy of assertions in press releases, company Web sites and periodic reports filed with the Commission concerning, among other things, the company’s 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 securities of the above-listed company is suspended for the period from 9:30 a.m. VerDate Nov<24>2008 14:14 Dec 18, 2009 Jkt 220001 EST, on December 17, 2009 through 11:59 p.m. EST, on December 31, 2009. By the Commission. Jill M. Peterson, Assistant Secretary. [FR Doc. E9–30354 Filed 12–17–09; 11:15 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–61165; File No. SR–FINRA– 2009–085] Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to Order Reporting Requirements on the Alternative Display Facility December 15, 2009. 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 December 2, 2009, the Financial Industry Regulatory Authority, Inc. (‘‘FINRA’’) filed with the Securities and Exchange Commission (‘‘SEC’’ or ‘‘Commission’’) the proposed rule change as described in Items I and II below, which Items have been prepared by FINRA. FINRA has designated the proposed rule change as constituting a ‘‘non-controversial’’ rule change under paragraph (f)(6) of Rule 19b–4 under the Act,3 which renders the proposal effective upon receipt of this filing by 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 FINRA is proposing to amend FINRA Rule 6250 to allow end-of-day order reporting and require that participants on the Alternative Display Facility (‘‘ADF’’) provide order information to FINRA immediately upon request. The text of the proposed rule change is available on FINRA’s Web site at https://www.finra.org, at the principal office of FINRA and at the Commission’s Public Reference Room. 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 17 CFR 240.19b–4(f)(6). 2 17 PO 00000 Frm 00089 Fmt 4703 Sfmt 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, FINRA 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. FINRA 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 Statutory Basis for, the Proposed Rule Change 1. Purpose In 2002, FINRA created the ADF to ensure that any FINRA member, including alternative trading systems, seeking to display quotations for NMS stocks in the over-the-counter (‘‘OTC’’) market, rather than through an exchange platform, has an alternative venue through which to post its OTC quotations and report trades.4 Pursuant to FINRA Rule 6250(b), any ADF Trading Center that displays quotations on the ADF must record certain order and order response information and report the information to FINRA within ten seconds of receipt of the order or of any response to or action taken regarding an order, respectively. These requirements were originally included in the ADF rules to allow FINRA to ensure that ADF participants were complying with certain trading rules, including honoring their quotations displayed on the ADF and not ‘‘backing away’’ from orders received against such displayed quotations.5 FINRA has found that receiving ADF order reporting data real-time has been of minimal value due to the very limited instances of ‘‘backing away’’ on the ADF and that real-time order reporting poses a significant strain on the ADF’s realtime systems capacity. To the latter point, because of capacity issues, LavaFlow, Inc. (‘‘LavaFlow’’), currently the sole ADF participant, requested that FINRA consider amending Rule 6250 to 4 Initially, the ADF was limited to quotations and trade reports in Nasdaq securities. See Securities Exchange Act Release No. 46249 (July 24, 2002), 67 FR 49822 (July 31, 2002). In 2006, the ADF was expanded to include all NMS stocks. See Securities Exchange Act Release No. 54537 (September 28, 2006), 71 FR 59173 (October 6, 2006). 5 See Securities Exchange Act Release No. 46249 (July 24, 2002), 67 FR 49822 (July 31, 2002). Consistent with Rule 602(b)(2) of SEC Regulation NMS, quotations on the ADF must be ‘‘firm.’’ See 17 CFR 242.602(b)(2); FINRA Rule 6272(b). E:\FR\FM\21DEN1.SGM 21DEN1

Agencies

[Federal Register Volume 74, Number 243 (Monday, December 21, 2009)]
[Notices]
[Page 67938]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-30354]


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SECURITIES AND EXCHANGE COMMISSION

[File No. 500-1]


In the Matter of Placer Gold Corp. f\k\a Arctic Oil and Gas 
Corp.; Order of Suspension of Trading

December 17, 2009.
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
Placer Gold Corporation (f\k\a Arctic Oil and Gas Corp.) because 
questions have arisen regarding the accuracy of assertions in press 
releases, company Web sites and periodic reports filed with the 
Commission concerning, among other things, the company's 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 securities of the 
above-listed company is suspended for the period from 9:30 a.m. EST, on 
December 17, 2009 through 11:59 p.m. EST, on December 31, 2009.

    By the Commission.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. E9-30354 Filed 12-17-09; 11:15 am]
BILLING CODE 8011-01-P
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