Newnan Coweta Bancshares, Inc., Proper Power and Energy Inc., uVuMobile, Inc., WGNB Corp., and YouBlast Global, Inc.; Order of Suspension of Trading, 14325-14326 [2014-05629]

Download as PDF TKELLEY on DSK3SPTVN1PROD with NOTICES Federal Register / Vol. 79, No. 49 / Thursday, March 13, 2014 / Notices rules shall 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 regulating, clearing, settling, processing information with respect to, and facilitating transactions in municipal securities and municipal financial products, to remove impediments to and perfect the mechanism of a free and open market in municipal securities and municipal financial products, and, in general, to protect investors, municipal entities, obligated persons, and the public interest.46 The disclosure of material information about a transaction to investors and the performance of a meaningful suitability analysis are central to the role of a dealer in facilitating municipal securities transactions. Proposed Rule G–47, on time of trade disclosures, codifies current interpretive guidance and protects investors by requiring dealers to make disclosures to customers in connection with purchases and sales of municipal securities. These required disclosures are designed to prevent fraudulent and manipulative acts and practices by dealers, and promote just and equitable principles of trade, by requiring dealers to disclose information about a security and transaction that would be considered significant or important to a reasonable investor in making an investment decision. Similarly, the proposed revisions to Rule G–19, on suitability, further these purposes by requiring dealers and their associated persons to make only suitable recommendations to customers and fosters more efficient regulation by harmonizing the rule with FINRA’s suitability rule. The proposed revisions to Rule G–19 are also aligned with a recommendation of the SEC in its 2012 Report on the Municipal Securities Market that the MSRB consider ‘‘amending Rule G–19 (suitability) in a manner generally consistent with recent amendments by FINRA to its Rule 2111, including with respect to the scope of the term ‘strategy’ . . . . .’’ 47 The Commission believes that the proposed rule, which would require a dealer to have a reasonable basis in recommending an investment strategy, enhances investor protection. Specifically, by interpreting the term ‘‘investment strategy’’ broadly, the MSRB will provide important protections to investors who receive this U.S.C. 78o–4(b)(2)(C). https://www.sec.gov/news/studies/2012/ munireport073112.pdf at 141. type of recommendation. Moreover, the Commission believes that the MSRB, through it Response, has addressed commenters’ concerns, other than those it determined are outside the scope of the current proposal. In approving the proposed rule change, the Commission has considered the proposed rule’s impact on efficiency, competition and capital formation.48 The Commission found significant that the proposed changes related to time-of-trade disclosure and SMMPs involve no substantive change to existing requirements. Additionally, the rule changes could ease burdens on dealers and promote competition by clarifying certain core dealer obligations and the reduced obligations when transacting business with SMMPs. Furthermore, harmonizing MSRB Rule G–19 with the FINRA suitability rule enhances efficiency in the market by enabling those dealers that are dually registered with the MSRB and FINRA to establish and implement one suitability standard.49 Although one commenter implied that further efficiency could be attained by including suitability guidance relating to 529 plans within proposed Rule G–19, the commenter did not indicate that the proposed rule created inefficiencies. Moreover, the Commission notes that the existing guidance relating to 529 plans continues to apply and understands that the MSRB may determine to propose a separate rule for 529 plans in the future. The Commission also believes that the MSRB’s Response includes certain accommodations that help promote efficiency and do not impede competition. Specifically, the MSRB’s retention of its interpretative guidance and the continuing applicability of such guidance to the extent it does not conflict with any MSRB rules or interpretations provides continuity to dealers. Moreover, the MSRB’s extension of the implementation period from 60 to 120 days gives additional time, if needed, for dealers to establish or modify their compliance systems. V. Conclusion For the foregoing reasons, the Commission finds that the proposed rule change is consistent with the requirements of the Act and the rules and regulations thereunder applicable to the MSRB, and in particular, Section 15B(b)(2)(C) of the Act. The proposal will become effective 120 days following the date of this order. It is therefore ordered, pursuant to Section 19(b)(2) of the Act,50 that the proposed rule change (SR–MSRB–2013– 07) be, and hereby is, approved. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.51 Kevin M. O’Neill, Deputy Secretary. [FR Doc. 2014–05456 Filed 3–12–14; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [File No. 500–1] Newnan Coweta Bancshares, Inc., Proper Power and Energy Inc., uVuMobile, Inc., WGNB Corp., and YouBlast Global, Inc.; Order of Suspension of Trading March 11, 2014. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Newnan Coweta Bancshares, 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 Proper Power and Energy Inc. because it has not filed any periodic reports since the period ended September 30, 2011. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of uVuMobile, Inc. because it has not filed any periodic reports since the period ended December 31, 2008. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of WGNB Corp. because it has not filed any periodic reports since the period ended September 30, 2009. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of YouBlast Global, Inc. because it has not filed any periodic reports since the period ended September 30, 2010. 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 46 15 47 See VerDate Mar<15>2010 17:33 Mar 12, 2014 Jkt 232001 48 See 49 See PO 00000 15 U.S.C. 78c(f). Attachment to ICI Letter. Frm 00114 Fmt 4703 Sfmt 4703 14325 50 15 51 17 E:\FR\FM\13MRN1.SGM U.S.C. 78s(b)(2). CFR 200.30–3(a)(12). 13MRN1 14326 Federal Register / Vol. 79, No. 49 / Thursday, March 13, 2014 / Notices 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 March 11, 2014, through 11:59 p.m. EDT on March 24, 2014. By the Commission. Jill M. Peterson, Assistant Secretary. [FR Doc. 2014–05629 Filed 3–11–14; 4:15 pm] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [File No. 500–1] George Foreman Enterprises, Inc., MacKay Life Sciences, Inc., Reinsurance Technologies, Ltd. (a/k/a Solution Technology International, Inc.), Tire International Environmental Solutions, Inc., WatchIt Technologies, Inc., Weststar Financial Services Corporation, and WorldSpace, Inc.; Order of Suspension of Trading TKELLEY on DSK3SPTVN1PROD with NOTICES March 11, 2014. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of George Foreman Enterprises, Inc. because it has not filed any periodic reports since the period ended September 30, 2011. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of MacKay Life Sciences, Inc. 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 Reinsurance Technologies, Ltd. (a/k/a Solution Technology International, Inc.) because it has not filed any periodic reports since the period ended September 30, 2007. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Tire International Environmental Solutions, Inc. because it has not filed any periodic reports since the period ended June 30, 2011. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of WatchIt Technologies, Inc. because it has not filed any periodic reports since the period ended March 31, 2008. It appears to the Securities and Exchange Commission that there is a VerDate Mar<15>2010 17:33 Mar 12, 2014 Jkt 232001 lack of current and accurate information concerning the securities of Weststar Financial Services Corporation 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 WorldSpace, Inc. because it has not filed any periodic reports since the period ended June 30, 2008. 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 March 11, 2014, through 11:59 p.m. EDT on March 24, 2014. By the Commission. Jill M. Peterson, Assistant Secretary. [FR Doc. 2014–05631 Filed 3–11–14; 4:15 pm] BILLING CODE 8011–01–P DEPARTMENT OF STATE [Public Notice 8656] Industry Advisory Group: Notice of Open Meeting The Industry Advisory Group (IAG) of the Bureau of Overseas Buildings Operations (OBO) will meet on Tuesday, April 8 from 10:00 a.m. until 12:00 p.m. Eastern Daylight Time. The meeting is open to the public and will be held in the Loy Henderson Conference Room of the U.S. Department of State, located at 2201 C Street N.W., (entrance on 23rd Street) Washington, DC. For logistical and security reasons, the public must enter and exit the building using only the 23rd Street entrance. This committee serves the U.S. government in a solely advisory capacity concerning industry and academia’s latest concepts, methods, best practices, innovations, and ideas related to OBO’s mission to provide safe, secure, and functional facilities that represent the U.S. government to the host nation and support our staff in the achievement of U.S. foreign policy objectives. These facilities should represent American values and the best in American architecture, engineering, technology, sustainability, art, culture, and construction execution. PO 00000 Frm 00115 Fmt 4703 Sfmt 4703 The majority of the meeting will be devoted to an exchange of ideas between the Department’s senior management and IAG representatives, with reasonable time provided for members of the public to provide comment. Admittance to the State Department building will be by means of a prearranged clearance list. To register for this meeting, please send an email to IAGR@state.gov by Friday, March 28, with the following information: First and last name, company/firm name, date of birth, country of citizenship, and the number and issuing country/state associated with a valid governmentissued ID (i.e., U.S. government ID, U.S. military ID, passport, or driver’s license). Requests for reasonable accommodation should also be sent to the same email address by March 28. The public may attend this meeting as seating capacity allows. Requests made after that date will be considered, but may not be able to be fulfilled. Personal data is requested pursuant to Public Law 99–399 (Omnibus Diplomatic Security and Antiterrorism Act of 1986), as amended; Public Law 107–56 (USA PATRIOT Act); and Executive Order 13356. The purpose of the collection is to validate the identity of individuals who enter Department facilities. The data will be entered into the Visitor Access Control System (VACS–D) database. Please see the Security Records System of Records Notice (State-36) at https://www.state.gov/documents/ organization/103419.pdf for additional information. Please contact Christy Foushee at FousheeCT@state.gov or (703) 875–4131 with any questions. Dated: March 5, 2014. Lydia Muniz, Director, Bureau of Overseas Buildings Operations, U.S. Department of State. [FR Doc. 2014–05547 Filed 3–12–14; 8:45 am] BILLING CODE 4710–02–P OFFICE OF THE UNITED STATES TRADE REPRESENTATIVE [Docket No. USTR–2013–0023] Notice of Determination in Section 301 Investigation of Ukraine Office of the United States Trade Representative. ACTION: Notice. AGENCY: The United States Trade Representative (Trade Representative) has determined that certain intellectual property rights (IPR) acts, policies, and SUMMARY: E:\FR\FM\13MRN1.SGM 13MRN1

Agencies

[Federal Register Volume 79, Number 49 (Thursday, March 13, 2014)]
[Notices]
[Pages 14325-14326]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-05629]


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

SECURITIES AND EXCHANGE COMMISSION

[File No. 500-1]


Newnan Coweta Bancshares, Inc., Proper Power and Energy Inc., 
uVuMobile, Inc., WGNB Corp., and YouBlast Global, Inc.; Order of 
Suspension of Trading

March 11, 2014.
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
Newnan Coweta Bancshares, 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 
Proper Power and Energy Inc. because it has not filed any periodic 
reports since the period ended September 30, 2011.
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
uVuMobile, Inc. because it has not filed any periodic reports since the 
period ended December 31, 2008.
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
WGNB Corp. because it has not filed any periodic reports since the 
period ended September 30, 2009.
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
YouBlast Global, Inc. because it has not filed any periodic reports 
since the period ended September 30, 2010.
    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

[[Page 14326]]

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 March 11, 2014, through 11:59 p.m. EDT on March 24, 2014.

    By the Commission.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2014-05629 Filed 3-11-14; 4:15 pm]
BILLING CODE 8011-01-P
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