Bloggerwave, Inc., Cardima, Inc. (n/k/a CLI Liquidating Corporation), Innuity, Inc., Kaleidoscope Venture Capital, Inc., Lipid Sciences, Inc., Radix Marine, Inc., SBS Interactive Co., and VersaTech, Inc. (n/k/a VersaTech USA), Order of Suspension of Trading, 31625 [2013-12555]

Download as PDF mstockstill on DSK4VPTVN1PROD with NOTICES Federal Register / Vol. 78, No. 101 / Friday, May 24, 2013 / Notices is important to help avoid investor confusion. The Exchange believes that the change to increase the time limit for Market Makers to request review of transactions protects investors and the public interest because it will ensure they are comfortable meeting the deadline, thereby allowing Market Makers to continue to aggressively provide liquidity in a transparent and nondiscriminatory manner to all participants. Further, the Exchange notes that increasing the time limit for OTP Holders acting as agent for Customers to request review of transactions should give Customers sufficient time to request a review for trades, which is also consistent with investor protection and furthering the public interest as it allows those market participants furthest removed from the point of execution time to evaluate each trade and have adequate time to notify the Exchange of a potential error. The Exchange believes that the proposed rule changes that address the handling of Complex Orders under the Obvious Error rule are designed to prevent fraudulent and manipulative acts and practices, to promote just and equitable principles of trade, and, in general, to protect investors and the public interest. The Exchange notes that detailing the treatment of Complex Orders involved in Obvious Errors provides investors with greater certainty. The Exchange also believes that the best approach for dealing with Complex Orders in the context of the Obvious Error rule is to preserve the spread whenever possible. Second, the Exchange believes that preventing market participants from busting trades solely the result of a leg(s) of a Complex Order executing in a no-bid series furthers the protection of investors and the public interest by preventing potential abuse. Finally, the Exchange believes that the proposed rule change provides objective guidelines for the determination of whether an obvious price error has occurred, as it notes that the determination of whether an ‘‘Obvious Error’’ has occurred should be based on specific and objective criteria and subjective to specific and objective procedures. The Commission notes that, in approving past proposals relating to Obvious Errors, it has emphasized the importance of specific and objective criteria to determine how and when to nullify or adjust trades involving Obvious Errors.9 The Commission 9 See, e.g., Securities Exchange Release Nos. 54228 (July 27, 2006), 71 FR 44066 (August 3, 2006) (SR–CBOE–2006–14) and 58778 (October 14, 2008), VerDate Mar<15>2010 21:14 May 23, 2013 Jkt 229001 believes the changes that comprise this current proposal further this objective. For the reasons noted above, the Commission finds that the proposed rule change is consistent with Section 6(b)(5) of the Act,10 which requires, among other things, that the Exchange’s rules be designed to prevent fraudulent and manipulative acts and practices, to promote just and equitable principles of trade, to foster cooperation and coordination with persons engaged in facilitating transactions in securities, to remove impediments to and perfect the mechanism of a free and open market and a national market system, and, in general, to protect investors and the public interest. It is therefore ordered, pursuant to Section 19(b)(2) of the Act,11 that the proposed rule change (SR–NYSEArca2013–15), as modified by Amendment No. 1, is hereby approved. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.12 Kevin M. O’Neill, Deputy Secretary. [FR Doc. 2013–12438 Filed 5–23–13; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [File No. 500–1] Bloggerwave, Inc., Cardima, Inc. (n/k/a CLI Liquidating Corporation), Innuity, Inc., Kaleidoscope Venture Capital, Inc., Lipid Sciences, Inc., Radix Marine, Inc., SBS Interactive Co., and VersaTech, Inc. (n/k/a VersaTech USA), Order of Suspension of Trading May 22, 2013. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Bloggerwave, 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 Cardima, Inc. (n/k/a CLI Liquidating Corporation) because it has not filed any periodic reports since the period ended June 30, 2010. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Innuity, Inc. because it has not filed any periodic reports since the period ended September 30, 2008. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Kaleidoscope Venture Capital, Inc. because it has not filed any periodic reports since the period ended September 30, 2008. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Lipid Sciences, Inc. because it has not filed any periodic reports since the period ended June 30, 2008. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Radix Marine, Inc. because it has not filed any periodic reports since the period ended March 31, 2005. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of SBS Interactive Co. because it has not filed any periodic reports since the period ended June 30, 2005. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of VersaTech, Inc. (n/k/a VersaTech USA) because it has filed only one periodic report since the period ended September 30, 2005. 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. EDT on May 22, 2013, through 11:59 p.m. EDT on June 5, 2013. By the Commission. Jill M. Peterson, Assistant Secretary. [FR Doc. 2013–12555 Filed 5–22–13; 11:15 am] BILLING CODE 8011–01–P 73 FR 62577 (October 21, 2008) (SR–CBOE–2008– 90) (both approving revisions to CBOE’s Obvious Error Rules). 10 15 U.S.C. 78f(b)(5). 11 15 U.S.C. 78s(b)(2). 12 17 CFR 200.30–3(a)(12). PO 00000 Frm 00111 Fmt 4703 Sfmt 9990 31625 E:\FR\FM\24MYN1.SGM 24MYN1

Agencies

[Federal Register Volume 78, Number 101 (Friday, May 24, 2013)]
[Notices]
[Page 31625]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-12555]


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

SECURITIES AND EXCHANGE COMMISSION

[File No. 500-1]


Bloggerwave, Inc., Cardima, Inc. (n/k/a CLI Liquidating 
Corporation), Innuity, Inc., Kaleidoscope Venture Capital, Inc., Lipid 
Sciences, Inc., Radix Marine, Inc., SBS Interactive Co., and VersaTech, 
Inc. (n/k/a VersaTech USA), Order of Suspension of Trading

May 22, 2013.
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
Bloggerwave, 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 
Cardima, Inc. (n/k/a CLI Liquidating Corporation) because it has not 
filed any periodic reports since the period ended June 30, 2010.
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
Innuity, Inc. because it has not filed any periodic reports since the 
period ended September 30, 2008.
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
Kaleidoscope Venture Capital, Inc. because it has not filed any 
periodic reports since the period ended September 30, 2008.
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
Lipid Sciences, Inc. because it has not filed any periodic reports 
since the period ended June 30, 2008.
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
Radix Marine, Inc. because it has not filed any periodic reports since 
the period ended March 31, 2005.
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
SBS Interactive Co. because it has not filed any periodic reports since 
the period ended June 30, 2005.
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
VersaTech, Inc. (n/k/a VersaTech USA) because it has filed only one 
periodic report since the period ended September 30, 2005.
    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. EDT on May 22, 2013, through 11:59 p.m. 
EDT on June 5, 2013.

By the Commission.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2013-12555 Filed 5-22-13; 11:15 am]
BILLING CODE 8011-01-P
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