Guar Global Ltd.; Order of Suspension of Trading, 74216 [2013-29529]

Download as PDF 74216 Federal Register / Vol. 78, No. 237 / Tuesday, December 10, 2013 / Notices maindgalligan on DSK5TPTVN1PROD with NOTICES Exchange rules and applicable federal securities laws. (4) The Exchange may obtain information regarding trading in the Shares and the underlying shares in investment companies, futures, and options via the ISG, from other exchanges who are members or affiliates of the ISG or with which the Exchange has entered into a comprehensive surveillance sharing agreement.36 (5) Prior to the commencement of trading, the Exchange will inform its members in an Information Circular (‘‘Circular’’) of the special characteristics and risks associated with trading the Shares. Specifically, the Circular will discuss the following: (a) The procedures for purchases and redemptions of Shares in Creation Units (and that Shares are not individually redeemable); (b) BATS Rule 3.7, which imposes suitability obligations on Exchange members with respect to recommending transactions in the Shares to customers; (c) how information regarding the IIV is disseminated; (d) the risks involved in trading the Shares during the PreOpening 37 and After Hours Trading Sessions 38 when an updated IIV will not be calculated or publicly disseminated; (e) the requirement that members deliver a prospectus to investors purchasing newly issued Shares prior to or concurrently with the confirmation of a transaction; and (f) trading information. (6) For initial and continued listing, the Fund must be in compliance with Rule 10A–3 under the Act.39 (7) The Fund may hold up to an aggregate amount of 15% of its net assets in illiquid securities (calculated at the time of investment), including Rule 144A securities deemed illiquid by the Adviser under the 1940 Act. The Fund will monitor its portfolio liquidity on an ongoing basis to determine whether, in light of current circumstances, an adequate level of liquidity is being maintained, and will consider taking appropriate steps in order to maintain adequate liquidity if, through a change in values, net assets, or other circumstances, more than 15% of the Fund’s net assets are held in illiquid securities. 36 The Exchange represents that all of the investment company securities, futures, and options will trade on markets that are members of ISG or with which the Exchange has in place a comprehensive surveillance sharing agreement. 37 The Pre-Opening Session is from 8:00 a.m. to 9:30 a.m. Eastern Time. 38 The After Hours Trading Session is from 4:00 p.m. to 5:00 p.m. Eastern Time. 39 See 17 CFR 240.10A–3. VerDate Mar<15>2010 18:48 Dec 09, 2013 Jkt 232001 (8) The Fund may engage in derivatives transactions, including transactions in futures contracts, options, and swaps, to a limited extent (under normal circumstances, less than 20% of the Fund’s net assets). The derivatives will be exchange-traded or centrally cleared, and they will be collateralized. (9) The Fund’s investments will be consistent with the Fund’s investment objective and will not be used to enhance leverage. (10) The Fund’s portfolio will meet certain criteria for index-based, fixed income exchange-traded funds contained in Rule 14.11(c)(4)(B)(i).40 (11) The Fund will not invest in nonU.S. equity securities. (12) A minimum of 100,000 Shares will be outstanding at the commencement of trading on the Exchange. This approval order is based on all of the Exchange’s representations and description of the Fund, including those set forth above and in the Notice. For the foregoing reasons, the Commission finds that the proposed rule change is consistent with Section 6(b)(5) of the Act 41 and the rules and regulations thereunder applicable to a national securities exchange. IV. Conclusion It is therefore ordered, pursuant to Section 19(b)(2) of the Act,42 that the proposed rule change (SR–BATS–2013– 051) be, and it hereby is, approved. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.43 Kevin M. O’Neill, Deputy Secretary. [FR Doc. 2013–29386 Filed 12–9–13; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [File No. 500–1] Guar Global Ltd.; Order of Suspension of Trading December 6, 2013. It appears to the Securities and Exchange Commission that the public interest and the protection of investors require a suspension of trading in the securities of Guar Global Ltd. (‘‘Guar Global’’) because of concerns regarding the accuracy and adequacy of information in the marketplace and 40 See supra note 20 and accompanying text. U.S.C. 78f(b)(5). 42 15 U.S.C. 78s(b)(2). 43 17 CFR 200.30–3(a)(12). 41 15 PO 00000 Frm 00116 Fmt 4703 Sfmt 4703 potentially manipulative transactions in Guar Global’s common stock. Guar Global is a Nevada corporation based in McKinney, Texas. It is quoted on OTC Link under the symbol GGBL. 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. EST on December 6, 2013 through 11:59 p.m. EST on December 19, 2013. By the Commission. Elizabeth M. Murphy, Secretary. [FR Doc. 2013–29529 Filed 12–6–13; 4:15 pm] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [File No. 500–1] Aden Solutions, Inc.; Order of Suspension of Trading December 6, 2013. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Aden Solutions, Inc. The company has not filed any periodic reports since the period ended September 30, 2011 and there are questions regarding the accuracy of publicly available information about the company. 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. EST on December 6, 2013, through 11:59 p.m. EST on December 19, 2013. By the Commission. Jill M. Peterson, Assistant Secretary. [FR Doc. 2013–29528 Filed 12–6–13; 4:15 pm] BILLING CODE 8011–01–P SMALL BUSINESS ADMINISTRATION Reporting and Recordkeeping Requirements Under OMB Review AGENCY: E:\FR\FM\10DEN1.SGM Small Business Administration. 10DEN1

Agencies

[Federal Register Volume 78, Number 237 (Tuesday, December 10, 2013)]
[Notices]
[Page 74216]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-29529]


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SECURITIES AND EXCHANGE COMMISSION

[File No. 500-1]


Guar Global Ltd.; Order of Suspension of Trading

December 6, 2013.
    It appears to the Securities and Exchange Commission that the 
public interest and the protection of investors require a suspension of 
trading in the securities of Guar Global Ltd. (``Guar Global'') because 
of concerns regarding the accuracy and adequacy of information in the 
marketplace and potentially manipulative transactions in Guar Global's 
common stock. Guar Global is a Nevada corporation based in McKinney, 
Texas. It is quoted on OTC Link under the symbol GGBL.
    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. EST on 
December 6, 2013 through 11:59 p.m. EST on December 19, 2013.

    By the Commission.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2013-29529 Filed 12-6-13; 4:15 pm]
BILLING CODE 8011-01-P