MedLink International, Inc.; Order of Suspension of Trading, 65438 [2012-26503]

Download as PDF 65438 Federal Register / Vol. 77, No. 208 / Friday, October 26, 2012 / Notices emcdonald on DSK67QTVN1PROD with NOTICES assumptions about prepayment rates.18 FINRA believes that the specified data elements that will be disseminated for MBS SPT and SBA-Backed ABS SPT transactions provide information that will allow market participants to perform such an analysis.19 Moreover, FINRA has represented that, in the future, it could determine to propose dissemination of additional data elements that it believes would improve transparency for such transactions.20 Additionally, the proposed reduction in reporting times for MBS SPT and SBA-Backed ABS transactions is an important corollary to the expansion of post-trade transparency for such transactions. Timelier reporting should be more conducive to the dissemination of meaningful (and close-to-real time) MBS SPT and SBA-Backed ABS transaction information. The Commission believes that reducing the reporting period as set forth in the proposal would result in important trade information reaching the market more quickly, thus contributing to enhanced price transparency for the MBS SPT and SBA-Backed ABS asset classes. Firms covered by these new reporting requirements for MBS SPT and SBABacked ABS transactions could incur certain compliance burdens. However, the Commission believes that any such burdens are justified by the overall benefits of increasing transparency in the MBS SPT and SBA-Backed ABS markets. The Commission notes that FINRA has proposed to shorten the reporting period for MBS SPT and SBABacked ABS transactions in stages. The Commission believes that this approach is reasonably designed to ease the compliance burdens on those affected by the proposal without significantly compromising FINRA’s ability to disseminate more timely transaction information for MBS SPT and SBABacked ABS transactions. The Commission recognizes that the $10 million dissemination cap FINRA has proposed would, to a certain extent, limit the transparency provided by FINRA’s proposal.21 However, the Commission notes that dissemination caps are already in place for transactions in other TRACE-Eligible 18 See Notice, 77 FR at 56689. id. 20 See id. 21 The Commission notes that, as calculated by FINRA, the $10 million dissemination cap would have limited the display of actual size for approximately 80% of total volume traded in MBS SPT and SBA-Backed ABS during the period May 16, 2011 through January 4, 2012. See Notice, 77 FR at 56690 and n.28. 19 See VerDate Mar<15>2010 15:01 Oct 25, 2012 Jkt 229001 Securities.22 Moreover, public dissemination of information on MBS SPT and SBA-Backed ABS transactions has heretofore not existed in the MBS SPT and SBA-Backed ABS markets. The dissemination cap will allow FINRA to implement post-trade price transparency in those markets incrementally. Furthermore, FINRA has represented that it will continue to review the volume of and liquidity in those markets and, if warranted in the future, may propose that the dissemination cap be set at a higher level in order to provide additional transparency.23 IV. Conclusion It is therefore ordered, pursuant to Section 19(b)(2) of the Act,24 that the proposed rule change (SR–FINRA– 2012–042) be, and it hereby is, approved. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.25 Kevin M. O’Neill, Deputy Secretary. [FR Doc. 2012–26399 Filed 10–25–12; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [File No. 500–1] MedLink International, Inc.; Order of Suspension of Trading October 24, 2012. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of MedLink International, Inc. (‘‘MedLink’’). Questions have arisen concerning the accuracy of publicly disseminated information concerning the company’s public filings and financial statements. MedLink’s securities are quoted on OTC Link operated by OTC Markets Group Inc. under the ticker symbol MLKNA. 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 October 24, 2012, through 11:59 p.m. EST on November 6, 2012. 22 See supra note 13. Notice, 77 FR at 56690. 24 15 U.S.C. 78s(b)(2). 25 17 CFR 200.30–3(a)(12). 23 See PO 00000 Frm 00081 Fmt 4703 Sfmt 4703 By the Commission. Jill M. Peterson, Assistant Secretary. [FR Doc. 2012–26503 Filed 10–24–12; 11:15 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [File No. 500–1] In the Matter of China Voice Holding Corp., China Yongxin Pharmaceuticals, Inc., Creative Technologies Holdings, Inc., Crestek, Inc., Crys*Tel Telecommunications.com, Inc. (n/k/a Fleet Management Solutions, Inc.), CSI Computer Specialists, Inc., and CST Entertainment, Inc. (n/k/a Legacy Holding, Inc.); Order of Suspension of Trading October 24, 2012. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of China Voice Holding Corp. because it has not filed any periodic reports since the period ended December 31, 2010. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of China Yongxin Pharmaceuticals, Inc. because it has not filed any periodic reports since the period ended September 30, 2010. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Creative Technologies Holdings, Inc. because it has not filed any periodic reports since the period ended March 31, 2002. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Crestek, Inc. because it has not filed any periodic reports since the period ended March 31, 1993. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Crys*Tel Telecommunications.com, Inc. (n/k/a Fleet Management Solutions, Inc.) because it has not filed any periodic reports since January 19, 2001. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of CSI Computer Specialists, Inc. because it has not filed any periodic reports since the period ended June 30, 2000. It appears to the Securities and Exchange Commission that there is a E:\FR\FM\26OCN1.SGM 26OCN1

Agencies

[Federal Register Volume 77, Number 208 (Friday, October 26, 2012)]
[Notices]
[Page 65438]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-26503]


-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[File No. 500-1]


MedLink International, Inc.; Order of Suspension of Trading

October 24, 2012.
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
MedLink International, Inc. (``MedLink''). Questions have arisen 
concerning the accuracy of publicly disseminated information concerning 
the company's public filings and financial statements. MedLink's 
securities are quoted on OTC Link operated by OTC Markets Group Inc. 
under the ticker symbol MLKNA.
    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 
October 24, 2012, through 11:59 p.m. EST on November 6, 2012.

    By the Commission.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2012-26503 Filed 10-24-12; 11:15 am]
BILLING CODE 8011-01-P
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.