International Development and Environmental Holdings; Order of Suspension of Trading, 30221 [2014-12255]
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Federal Register / Vol. 79, No. 101 / Tuesday, May 27, 2014 / Notices
OATS and will avoid the imposition of
unnecessary compliance costs on
introducing firms.
B. Self-Regulatory Organization’s
Statement on Burden on Competition
FINRA does not believe that the
proposed rule change will result in any
burden on competition that is not
necessary or appropriate in furtherance
of the purposes of the Act. FINRA
believes the proposed rule change will
reduce the potential burden of reporting
to OATS for a limited time for a member
that does not meet the current exception
to Reporting Member only to later meet
the terms of the exception again. FINRA
believes that, in the limited
circumstances in which the proposed
rule change will apply, members should
not be compelled to undertake the time
and costs associated with OATS
reporting when FINRA is able to ensure
the accuracy and completeness of OATS
information when the terms in the
proposed rule change are met.
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received from
Members, Participants, or Others
Written comments were neither
solicited nor received.
sroberts on DSK5SPTVN1PROD with NOTICES
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
Because the foregoing proposed rule
change does not: (i) Significantly affect
the protection of investors or the public
interest; (ii) impose any significant
burden on competition; and (iii) become
operative for 30 days from the date on
which it was filed, or such shorter time
as the Commission may designate, it has
become effective pursuant to Section
19(b)(3)(A) of the Act 8 and Rule 19b4(f)(6) thereunder.9
FINRA has asked the Commission to
waive the 30-day operative delay so that
the proposal may become operative
upon filing. The Commission believes
that waiving the 30-day operative delay
is consistent with the protection of
investors and the public interest as it
will allow members that currently rely
on the exception from being considered
a Reporting Member to continue to do
so for a limited period of time while
they change clearing firms, provided the
criteria in the proposed rule change are
8 15
U.S.C. 78s(b)(3)(A).
CFR 240.19b-4(f)(6). As required under Rule
19b-4(f)(6)(iii), FINRA provided the Commission
with written notice of its intent to file the proposed
rule change, along with a brief description and the
text of the proposed rule change, at least five
business days prior to the date of filing of the
proposed rule change, or such shorter time as
designated by the Commission.
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met, thus eliminating the burden of
reporting directly to OATS for such
members and maintaining the integrity
of the OATS data. For this reason, the
Commission designates the proposed
rule change to be operative upon
filing.10
At any time within 60 days of the
filing of the proposed rule change, the
Commission summarily may
temporarily suspend such rule change if
it appears to the Commission that such
action is necessary or appropriate in the
public interest, for the protection of
investors, or otherwise in furtherance of
the purposes of the Act. If the
Commission takes such action, the
Commission shall institute proceedings
to determine whether the proposed rule
should be approved or disapproved.
IV. Solicitation of Comments
Interested persons are invited to
submit written data, views and
arguments concerning the foregoing,
including whether the proposed rule
change is consistent with the Act.
Comments may be submitted by any of
the following methods:
Electronic Comments
• Use the Commission’s Internet
comment form (https://www.sec.gov/
rules/sro.shtml); or
• Send an email to rule-comments@
sec.gov. Please include File Number SR–
FINRA–2014–024 on the subject line.
Paper Comments
• Send paper comments in triplicate
to Secretary, Securities and Exchange
Commission, 100 F Street NE.,
Washington, DC 20549–1090.
All submissions should refer to File
Number SR–FINRA–2014–024. This file
number should be included on the
subject line if email is used. To help the
Commission process and review your
comments more efficiently, please use
only one method. The Commission will
post all comments on the Commission’s
Internet Web site (https://www.sec.gov/
rules/sro.shtml). Copies of the
submission, all subsequent
amendments, all written statements
with respect to the proposed rule
change that are filed with the
Commission, and all written
communications relating to the
proposed rule change between the
Commission and any person, other than
those that may be withheld from the
public in accordance with the
provisions of 5 U.S.C. 552, will be
10 For purposes only of waiving the 30-day
operative delay, the Commission has also
considered the proposed rule’s impact on
efficiency, competition, and capital formation. See
15 U.S.C. 78c(f).
PO 00000
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available for Web site viewing and
printing in the Commission’s Public
Reference Room, 100 F Street, NE.,
Washington, DC 20549, on official
business days between the hours of 10
a.m. and 3 p.m. Copies of such filing
also will be available for inspection and
copying at the principal office of
FINRA. All comments received will be
posted without change; the Commission
does not edit personal identifying
information from submissions. You
should submit only information that
you wish to make available publicly. All
submissions should refer to File
Number SR–FINRA–2014–024 and
should be submitted on or before June
17, 2014.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.11
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2014–12070 Filed 5–23–14; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[File No. 500–1]
International Development and
Environmental Holdings; Order of
Suspension of Trading
May 22, 2014.
It appears to the Securities and
Exchange Commission that there is a
lack of current and accurate information
concerning the securities of
International Development and
Environmental Holdings (‘‘IDEH’’)
because it has not filed a periodic report
since it filed its Form 10–Q for the
period ending June 30, 2011, filed on
August 22, 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 IDEH. Therefore, it
is ordered, pursuant to Section 12(k) of
the Exchange Act, that trading in the
securities of IDEH is suspended for the
period from 9:30 a.m. E.D.T. on May 22,
2014, through 11:59 p.m. E.D.T. on June
5, 2014.
By the Commission.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2014–12255 Filed 5–22–14; 11:15 am]
BILLING CODE 8011–01–P
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[Federal Register Volume 79, Number 101 (Tuesday, May 27, 2014)]
[Notices]
[Page 30221]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-12255]
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SECURITIES AND EXCHANGE COMMISSION
[File No. 500-1]
International Development and Environmental Holdings; Order of
Suspension of Trading
May 22, 2014.
It appears to the Securities and Exchange Commission that there is
a lack of current and accurate information concerning the securities of
International Development and Environmental Holdings (``IDEH'') because
it has not filed a periodic report since it filed its Form 10-Q for the
period ending June 30, 2011, filed on August 22, 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 IDEH. Therefore, it is ordered, pursuant to Section 12(k)
of the Exchange Act, that trading in the securities of IDEH is
suspended for the period from 9:30 a.m. E.D.T. on May 22, 2014, through
11:59 p.m. E.D.T. on June 5, 2014.
By the Commission.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2014-12255 Filed 5-22-14; 11:15 am]
BILLING CODE 8011-01-P
