Left Behind Games, Inc., File No. 500-1; Order of Suspension of Trading, 59738 [2013-23728]

Download as PDF 59738 Federal Register / Vol. 78, No. 188 / Friday, September 27, 2013 / Notices For the Commission, by the Division of Investment Management, under delegated authority. Kevin M. O’Neill, Deputy Secretary. have been prepared by the Exchange. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. [FR Doc. 2013–23541 Filed 9–26–13; 8:45 am] I. Self-Regulatory Organization’s Statement of the Terms of the Substance of the Proposed Rule Change BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION Left Behind Games, Inc., File No. 500– 1; Order of Suspension of Trading September 25, 2013. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Left Behind Games, Inc. (‘‘Left Behind’’) because it has not filed a periodic report since it filed its Form 10–Q for the period ending September 30, 2011, filed on November 21, 2011. The Commission is of the opinion that the public interest and the protection of investors require a suspension of trading in the securities of Left Behind. Therefore, it is ordered, pursuant to Section 12(k) of the Securities Exchange Act of 1934, that trading in the securities of Left Behind is suspended for the period from 9:30 a.m. EDT, September 25, 2013 through 11:59 p.m. EDT, on October 8, 2013. By the Commission. Jill M. Peterson, Assistant Secretary. [FR Doc. 2013–23728 Filed 9–25–13; 11:15 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–70472; File No. SR–PHLX– 2013–93] Self-Regulatory Organizations; The NASDAQ OMX PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Make a Minor Modification To Pricing Incentive Programs pmangrum on DSK3VPTVN1PROD with NOTICES September 23, 2013. 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 September 10, 2013, NASDAQ OMX PHLX LLC (‘‘Phlx’’ or ‘‘Exchange’’) filed with the Securities and Exchange Commission (‘‘SEC’’ or ‘‘Commission’’) the proposed rule change as described in Items I and II below, which Items 1 15 2 17 U.S.C. 78s(b)(1). CFR 240.19b–4. VerDate Mar<15>2010 14:21 Sep 26, 2013 Jkt 229001 The Exchange proposes to make a minor modification to pricing incentive programs under PHLX’s schedule of fees and credits applicable to options trading on PHLX. Specifically, PHLX is proposing to exclude from volumebased pricing calculations any trading day on which PHLX is closed for trading due to early closing or a market-wide trading halt. This exclusion exists today for the trading of equities on PSX, the equities trading facility of PHLX. The text of the proposed rule change is available on the Exchange’s Web site at http:// nasdaqomxphlx.cchwallstreet.com, at the principal office of the Exchange, and at the Commission’s Public Reference Room. II. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, the Exchange 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. The Exchange 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 PSX, the PHLX facility for trading equities, offers pricing for the trading of equities that is based on average daily volume of trading. The applicable fee schedule for equities trading on PSX contains language excluding from such volume calculations any day on which the market is not open the entire trading day. PHLX Pricing Schedule, Section VIII, entitled ‘‘Order Routing and Execution,’’ footnote to subsection (a)(4) states that ‘‘For purposes of determining average daily volume hereunder, any day that the market is not open for the entire trading day will be excluded from such calculation.’’ As a result, when trading ends early, as for trading days PO 00000 Frm 00092 Fmt 4703 Sfmt 4703 preceding certain federal holidays, or when there is a material market-wide disruption, PHLX excludes that day from the calculation of average daily volume. The PHLX pricing schedule for options also contains pricing programs based on average daily volume. PHLX has determined to make this practice uniform for both equities and options trading on PHLX by moving the relevant language to the preamble of the PHLX Fee Schedule. In other words, for purposes of calculating any pricing based on average daily volumes for both equities and options trading any day that the market is not open for the entire trading day should be excluded from such calculation. As it currently does for equities, this formulation would exclude days on which the market closes early for holiday observance. It would also exclude days where PHLX declares a trading halt in all securities or honors a market-wide trading halt declared by another market. This would apply to the market-wide trading halt of approximately three hours on August 22, 2013, which PHLX plans to exclude from Customer Rebate Tiers for the month of August. This change will affect several fees described in PHLX Pricing Schedule, Section B, which contains pricing incentive programs that are designed to encourage member participation in PHLX options trading by increasing rebates or reducing fees for firms that trade on PHLX in increasingly higher volumes. For example, PHLX currently has four Customer Rebate Tiers by which it determines the rebate per share for Customer 3 orders in Multiply Listed Options (including SPY) that are electronically-delivered and executed. The Customer Rebate Tier thresholds are based upon a percentage of national volume of Customer Orders in certain options on a monthly basis. The rebates range from $0.00 to $0.15 per contract for Simple Orders 4 and from $0.00 to 3 The term ‘‘Customer’’ applies to any transaction that is identified by a member or member organization for clearing in the Customer range at The Options Clearing Corporation (‘‘OCC’’) which is not for the account of broker or dealer or for the account of a ‘‘Professional’’ (as that term is defined in Rule 1000(b)(14)). 4 These ‘‘Category A Rebates’’ are paid to members executing electronically-delivered Customer Simple Orders in Penny Pilot Options and Customer Simple Orders in Non-Penny Pilot Options in Section II symbols. Rebates are paid on Customer PIXL Orders in Section II symbols that execute against non-Initiating Order interest, except in the case of Customer PIXL Orders that are greater than 999 contracts. All Customer PIXL Orders that are greater than 999 contracts will be paid a rebate regardless of the contra-party to the transaction. E:\FR\FM\27SEN1.SGM 27SEN1

Agencies

[Federal Register Volume 78, Number 188 (Friday, September 27, 2013)]
[Notices]
[Page 59738]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-23728]


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

SECURITIES AND EXCHANGE COMMISSION


Left Behind Games, Inc., File No. 500-1; Order of Suspension of 
Trading

September 25, 2013.
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
Left Behind Games, Inc. (``Left Behind'') because it has not filed a 
periodic report since it filed its Form 10-Q for the period ending 
September 30, 2011, filed on November 21, 2011.
    The Commission is of the opinion that the public interest and the 
protection of investors require a suspension of trading in the 
securities of Left Behind. Therefore, it is ordered, pursuant to 
Section 12(k) of the Securities Exchange Act of 1934, that trading in 
the securities of Left Behind is suspended for the period from 9:30 
a.m. EDT, September 25, 2013 through 11:59 p.m. EDT, on October 8, 
2013.

    By the Commission.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2013-23728 Filed 9-25-13; 11:15 am]
BILLING CODE 8011-01-P