In the Matter of American Sports Development Group, Inc., Cybernet Internet Services International, Inc., Cyper Media, Inc., Frisby Technologies, Inc., Graphco Holdings Corp., Investors Insurance Group, Inc., ITC Learning Corp., and Speizman Industries, Inc.; Order of Suspension of Trading, 67937-67938 [E9-30359]
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Federal Register / Vol. 74, No. 243 / Monday, December 21, 2009 / Notices
SMALL BUSINESS ADMINISTRATION
Ironwood Mezzanine Fund II, L.P.;
License No. 01/01–0414; Notice
Seeking Exemption Under Section 312
of the Small Business Investment Act,
Conflicts of Interest
Notice is hereby given that Ironwood
Mezzanine Fund II, L.P. 200 Fisher
Drive, Avon, CT 06001–3723, a Federal
Licensee under the Small Business
Investment Act of 1958, as amended
(‘‘the Act’’), in connection with the
financing of a small concern, has sought
an exemption under Section 312 of the
Act and Section 107.730, Financings
which Constitute Conflicts of Interest of
the Small Business Administration
(‘‘SBA’’) Rules and Regulations (13 CFR
107.730). Ironwood Mezzanine Fund II,
L.P. proposes to provide debt/equity
security financing to Action Carting
Environmental Services, Inc., 451
Frelinghuysen Avenue, Newark, NJ
07114. The financing is contemplated as
part of a debt/equity issuance, the
proceeds of which will be used for
planned acquisitions.
The financing is brought within the
purview of § 107.730(a) of the
Regulations because Ironwood Equity
Fund, L.P., an Associate of Ironwood
Mezzanine Fund II, L.P., owns more
than ten percent of Action Carting
Environmental Services, Inc., and this
transaction is considered a Financing of
an Associate requiring an exemption to
the Regulations.
Notice is hereby given that any
interested person may submit written
comments on the transaction, within 15
days of the date of publication, to the
Associate Administrator for Investment,
U.S. Small Business Administration,
409 Third Street, SW., Washington, DC
20416.
Dated: December 9, 2009.
Sean Greene,
Associate Administrator for Investment.
[FR Doc. E9–30212 Filed 12–18–09; 8:45 am]
BILLING CODE 8025–01–P
SECURITIES AND EXCHANGE
COMMISSION
erowe on DSK5CLS3C1PROD with NOTICES
Sunshine Act Meeting Notice
Notice is hereby given, pursuant to
the provisions of the Government in the
Sunshine Act, Public Law 94–409, that
the Securities and Exchange
Commission will hold a Closed Meeting
on Tuesday, December 22, 2009 at 2
p.m.
Commissioners, Counsel to the
Commissioners, the Secretary to the
Commission, and recording secretaries
VerDate Nov<24>2008
14:14 Dec 18, 2009
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will attend the Closed Meeting. Certain
staff members who have an interest in
the matters also may be present.
The General Counsel of the
Commission, or his designee, has
certified that, in his opinion, one or
more of the exemptions set forth in 5
U.S.C. 552b(c)(3), (5), (7), 9(B) and (10)
and 17 CFR 200.402(a)(3), (5), (7), 9(ii)
and (10), permit consideration of the
scheduled matters at the Closed
Meeting.
Commissioner Aguilar, as duty
officer, voted to consider the items
listed for the Closed Meeting in a closed
session, and determined that no earlier
notice thereof was possible.
The subject matter of the Closed
Meeting scheduled for Tuesday,
December 22, 2009 will be:
[I]nstitution and settlement of injunctive
actions; institution and settlement of
administrative proceedings; and other
matters relating to enforcement proceedings.
At times, changes in Commission
priorities require alterations in the
scheduling of meeting items.
For further information and to
ascertain what, if any, matters have been
added, deleted or postponed, please
contact:
The Office of the Secretary at (202)
551–5400.
Dated: December 17, 2009.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E9–30427 Filed 12–17–09; 4:15 pm]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[File No. 500–1]
In the Matter of Somatic Systems, Inc.;
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 Somatic
Systems, Inc. because questions have
arisen regarding the company’s issuance
of stock, trading in the company’s stock,
and the adequacy and accuracy of
company press releases concerning,
among other things, the company’s
current financial condition and business
operations.
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
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67937
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. E9–30351 Filed 12–17–09; 11:15
am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[File No. 500–1]
In the Matter of American Sports
Development Group, Inc., Cybernet
Internet Services International, Inc.,
Cyper Media, Inc., Frisby
Technologies, Inc., Graphco Holdings
Corp., Investors Insurance Group, Inc.,
ITC Learning Corp., and Speizman
Industries, Inc.; 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 American
Sports Development Group, Inc. because
it has not filed any periodic reports
since the period ended December 31,
2003.
It appears to the Securities and
Exchange Commission that there is a
lack of current and accurate information
concerning the securities of Cybernet
Internet Services International, 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 Cyper
Media, Inc. because it has not filed any
periodic reports since the period ended
March 31, 2004.
It appears to the Securities and
Exchange Commission that there is a
lack of current and accurate information
concerning the securities of Frisby
Technologies, Inc. because it has not
filed any periodic reports since the
period ended September 30, 2002.
It appears to the Securities and
Exchange Commission that there is a
lack of current and accurate information
concerning the securities of Graphco
Holdings Corp. 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 Investors
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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
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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
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[Federal Register Volume 74, Number 243 (Monday, December 21, 2009)]
[Notices]
[Pages 67937-67938]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-30359]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[File No. 500-1]
In the Matter of American Sports Development Group, Inc.,
Cybernet Internet Services International, Inc., Cyper Media, Inc.,
Frisby Technologies, Inc., Graphco Holdings Corp., Investors Insurance
Group, Inc., ITC Learning Corp., and Speizman Industries, Inc.; 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
American Sports Development Group, Inc. because it has not filed any
periodic reports since the period ended December 31, 2003.
It appears to the Securities and Exchange Commission that there is
a lack of current and accurate information concerning the securities of
Cybernet Internet Services International, 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
Cyper Media, Inc. because it has not filed any periodic reports since
the period ended March 31, 2004.
It appears to the Securities and Exchange Commission that there is
a lack of current and accurate information concerning the securities of
Frisby Technologies, Inc. because it has not filed any periodic reports
since the period ended September 30, 2002.
It appears to the Securities and Exchange Commission that there is
a lack of current and accurate information concerning the securities of
Graphco Holdings Corp. 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
Investors
[[Page 67938]]
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 above-listed 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
