China North East Petroleum Holdings Limited, Order of Suspension of Trading, 13171 [2012-5373]
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Federal Register / Vol. 77, No. 43 / Monday, March 5, 2012 / Notices
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
investors, or otherwise in furtherance of
the purposes of the Act.
No written comments were solicited
or received with respect to the proposed
rule change.
Interested persons are invited to
submit written data, views and
arguments concerning the foregoing,
including whether the proposed rule
change is consistent with the Act.
Comments may be submitted by any of
the following methods:
IV. Solicitation of Comments
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
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The Exchange has filed the proposed
rule change pursuant to Section
19(b)(3)(A)(iii) of the Act 10 and Rule
19b–4(f)(6) thereunder.11 Because the
proposed rule change does not: (i)
Significantly affect the protection of
investors or the public interest; (ii)
impose any significant burden on
competition; and (iii) become operative
prior to 30 days from the date on which
it was filed, or such shorter time as the
Commission may designate, if
consistent with the protection of
investors and the public interest, the
proposed rule change has become
effective pursuant to Section 19(b)(3)(A)
of the Act and Rule 19b–4(f)(6)(iii)
thereunder.
A proposed rule change filed under
Rule 19b–4(f)(6)12 normally does not
become operative prior to 30 days after
the date of the filing. However, pursuant
to Rule 19b4(f)(6)(iii),13 the Commission
may designate a shorter time if such
action is consistent with the protection
of investors and the public interest. The
Exchange has asked the Commission to
waive the 30-day operative delay so that
the proposal may become operative
immediately upon filing.
The Commission believes that it is
consistent with the protection of
investors and the public interest to
waive the 30-day operative delay.
Waiver of the 30-day operative delay
will allow persons engaged solely in
proprietary trading to use the
Proprietary Traders Qualification
Examination (‘‘Series 56’’) as soon as it
is available for NYSEAmex in Web CRD.
Therefore, the Commission designates
the proposal operative upon filing.14
At any time within 60 days of the
filing of such proposed rule change, the
Commission summarily may
temporarily suspend such rule change if
it appears to the Commission that such
action is necessary or appropriate in the
public interest, for the protection of
10 15
U.S.C. 78s(b)(3)(A)(iii).
11 17 CFR 240.19b–4(f)(6).
12 17 CFR 240.19b–4(f)(6).
13 17 CFR 240.19b–4(f)(6)(iii).
14 For purposes only of waiving the 30-day
operative delay, the Commission has considered the
proposed rule’s impact on efficiency, competition,
and capital formation. See 15 U.S.C. 78c(f).
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13171
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.15
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2012–5275 Filed 3–2–12; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
Electronic Comments
• Use the Commission’s Internet
comment form (https://www.sec.gov/
rules/sro.shtml); or
• Send an email to rulecomments@sec.gov. Please include File
Number SR–NYSEAMEX–2012–013 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–2012–013.
This file number should be included on
the subject line if email 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 such 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
information that you wish to make
available publicly. All submissions
should refer to File Number SR–
NYSEAMEX–2012–013 and should be
submitted on or before March 26, 2012.
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[File No. 500–1]
China North East Petroleum Holdings
Limited, Order of Suspension of
Trading
March 1, 2012.
It appears to the Securities and
Exchange Commission (‘‘Commission’’)
that there is a lack of current and
accurate information concerning the
securities of China North East Petroleum
Holdings Limited (‘‘NEP’’), a Nevada
corporation with principal executive
offices in New York and oil drilling
operations in the People’s Republic of
China. NEP’s common stock is
registered with the Commission
pursuant to Section 12(g) of the
Securities Exchange Act of 1934 (the
‘‘Exchange Act’’) and is traded on NYSE
Amex.
Questions have arisen regarding the
accuracy and completeness of
information contained in NEP’s public
filings with the Commission concerning,
among other things, certain transfers of
cash from the company’s bank accounts
to the personal bank accounts of related
parties.
The Commission is of the opinion that
the public interest and the protection of
investors require a suspension of trading
in the securities of NEP.
Therefore, it is ordered, pursuant to
Section 12(k) of the Exchange Act, that
trading in the above-listed company is
suspended for the period from 9:30 a.m.
EST, March 1, 2012, through 11:59 p.m.
EDT, on March 14, 2012.
By the Commission.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2012–5373 Filed 3–1–12; 4:15 pm]
BILLING CODE 8011–01–P
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CFR 200.30–3(a)(12).
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[Federal Register Volume 77, Number 43 (Monday, March 5, 2012)]
[Notices]
[Page 13171]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-5373]
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SECURITIES AND EXCHANGE COMMISSION
[File No. 500-1]
China North East Petroleum Holdings Limited, Order of Suspension
of Trading
March 1, 2012.
It appears to the Securities and Exchange Commission
(``Commission'') that there is a lack of current and accurate
information concerning the securities of China North East Petroleum
Holdings Limited (``NEP''), a Nevada corporation with principal
executive offices in New York and oil drilling operations in the
People's Republic of China. NEP's common stock is registered with the
Commission pursuant to Section 12(g) of the Securities Exchange Act of
1934 (the ``Exchange Act'') and is traded on NYSE Amex.
Questions have arisen regarding the accuracy and completeness of
information contained in NEP's public filings with the Commission
concerning, among other things, certain transfers of cash from the
company's bank accounts to the personal bank accounts of related
parties.
The Commission is of the opinion that the public interest and the
protection of investors require a suspension of trading in the
securities of NEP.
Therefore, it is ordered, pursuant to Section 12(k) of the Exchange
Act, that trading in the above-listed company is suspended for the
period from 9:30 a.m. EST, March 1, 2012, through 11:59 p.m. EDT, on
March 14, 2012.
By the Commission.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2012-5373 Filed 3-1-12; 4:15 pm]
BILLING CODE 8011-01-P
