Fineline Holdings, Inc., Order of Suspension of Trading, 41273 [2010-17359]

Download as PDF Federal Register / Vol. 75, No. 135 / Thursday, July 15, 2010 / Notices srobinson on DSKHWCL6B1PROD with NOTICES G. Additions to the MRVP The Commission further finds that the proposal is consistent with Sections 6(b)(1) and 6(b)(6) of the Act,63 which require that the rules of an exchange enforce compliance with, and provide appropriate discipline for, violations of Commission and Exchange rules. These proposed changes to the MRVP should strengthen the Exchange’s ability to carry out its oversight and enforcement responsibilities as a self-regulatory organization in cases where full disciplinary proceedings are unsuitable in view of the minor nature of the particular violation. Therefore, the Commission finds that the proposal is consistent with the public interest, the protection of investors, or otherwise in furtherance of the purposes of the Act, as required by Rule 19d–1(c)(2) under the Act,64 which governs minor rule violation plans. In approving this proposed rule change, the Commission in no way minimizes the importance of compliance with Exchange rules and all other rules subject to the imposition of fines under the MRVP. The Commission believes that the violation of any selfregulatory organization’s rules, as well as Commission rules, is a serious matter. However, the MRVP provides a reasonable means of addressing rule violations that do not rise to the level of requiring formal disciplinary proceedings, while providing greater flexibility in handling certain violations. The Commission expects that the Exchange will continue to conduct surveillance with due diligence and make a determination based on its findings, on a case-by-case basis, whether a fine of more or less than the recommended amount is appropriate for a violation under the MRVP or whether a violation requires formal disciplinary action under NYSE Amex Rule 476. H. Accelerated Approval Amendment No. 2 did not materially alter the proposal, which had already undergone a full notice period, during which no comments were received. In Amendment No. 2, the Exchange revised the proposal to remove two rules from the Exchange’s MRVP, and provided clarification on FINRA’s guidance regarding the OATS recording and recordkeeping obligations for NYSE Amex Floor brokers. In Amendment No. 3, the Exchange revised the proposal to provide that LRPs would not be used for trading in Nasdaq Securities, and made certain minor changes to the proposal that do not raise material issues. The Commission finds that good cause exists, consistent with Section 19(b) of the Act,65 for approving the proposed rule change, as modified by Amendment Nos. 1, 2, and 3 prior to the thirtieth day after publication of notice of filing of Amendment Nos. 2 and No. 3 in the Federal Register. IV. Solicitation of Comments Interested persons are invited to submit written data, views, and arguments concerning Amendment Nos. 2 and No. 3, including whether those amendments are consistent with the Act. Comments may be submitted by any of the following methods: Electronic Comments • Use the Commission’s Internet comment form (https://www.sec.gov/ rules/sro.shtml); or • Send an e-mail to rulecomments@sec.gov. Please include File Number SR–NYSEAmex–2010–31 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 SR–NYSEAmex–2010–31. This file number should be included on the subject line if e-mail is used. To help the Commission 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/ rules/sro.shtml). Copies of the submission, all subsequent amendments, all written statements with respect to the proposed rule change that are filed with the Commission, and all written communications relating to the proposed rule change between the Commission and any person, other than those that may be withheld from the public in accordance with the provisions of 5 U.S.C. 552, will be available for Web site viewing and printing 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. Copies of the filing also will be available for inspection and copying at the principal office of the Exchange. All comments received will be posted without change; the Commission does not edit personal identifying information from submissions. You should submit only U.S.C. 78f(b)(1) and 78f(b)(6). 64 17 CFR 240.19d–1(c)(2). VerDate Mar<15>2010 16:53 Jul 14, 2010 Jkt 220001 information that you wish to make available publicly. All submissions should refer to File Number SR– NYSEAmex–2010–31 and should be submitted on or before August 5, 2010. V. Conclusion It is therefore ordered, pursuant to Section 19(b)(2) of the Act 66 and Rule 19d–1(c)(2) under the Act,67 that the proposed rule change, as modified by Amendment Nos. 1, 2 and 3 thereto (SR–NYSEAmex–2010–31), be, and it hereby is, approved and declared effective. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.68 Florence E. Harmon, Deputy Secretary. [FR Doc. 2010–17274 Filed 7–14–10; 8:45 am] BILLING CODE 8010–01–P SECURITIES AND EXCHANGE COMMISSION [File No. 500–1] Fineline Holdings, Inc., Order of Suspension of Trading July 13, 2010. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Fineline Holdings, Inc. because it has not filed any periodic reports since the period ended September 30, 2004. 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 abovelisted company is suspended for the period from 9:30 a.m. EDT on July 13, 2010, through 11:59 p.m. EDT on July 26, 2010. By the Commission. Florence E. Harmon, Deputy Secretary. [FR Doc. 2010–17359 Filed 7–13–10; 11:15 am] BILLING CODE 8010–01–P 66 15 U.S.C. 78s(b)(2). CFR 240.19d–1(c)(2). 68 17 CFR 200.30–3(a)(12) and 200.30–3(a)(44). 67 17 63 15 65 15 PO 00000 U.S.C. 78s(b). Frm 00135 Fmt 4703 Sfmt 9990 41273 E:\FR\FM\15JYN1.SGM 15JYN1

Agencies

[Federal Register Volume 75, Number 135 (Thursday, July 15, 2010)]
[Notices]
[Page 41273]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-17359]


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SECURITIES AND EXCHANGE COMMISSION

[File No. 500-1]


Fineline Holdings, Inc., Order of Suspension of Trading

July 13, 2010.
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
Fineline Holdings, Inc. because it has not filed any periodic reports 
since the period ended September 30, 2004.
    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. EDT on July 13, 2010, through 11:59 p.m. EDT 
on July 26, 2010.

By the Commission.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-17359 Filed 7-13-10; 11:15 am]
BILLING CODE 8010-01-P
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