In the Matter of Prospect Ventures, Inc.; Order of Suspension of Trading, 33253 [2014-13574]
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Federal Register / Vol. 79, No. 111 / Tuesday, June 10, 2014 / Notices
can be conducted by any OTP Holder or
OTP Firm.
Finally, the Exchange believes that it
is subject to significant competitive
forces, including from options
exchanges that do not exclude FLEX
transactions from their strategy caps, as
described below in the Exchange’s
statement regarding the burden on
competition. For these reasons, the
Exchange believes that the proposal is
consistent with the Act.
B. Self-Regulatory Organization’s
Statement on Burden on Competition
In accordance with Section 6(b)(8) of
the Act,10 the Exchange does not believe
that the proposed rule change will
impose any burden on competition that
is not necessary or appropriate in
furtherance of the purposes of the Act.
The Exchange believes that the
proposed fee change reduces the burden
on competition because it will allow
OTP Holders and OTP Firms to compete
for business by broadening the scope of
eligible transactions to be included in
the Strategy Cap, which change would
bring the Strategy Cap in line with the
strategy caps available on other options
exchanges.11
The Exchange notes that it operates in
a highly competitive market in which
market participants can readily favor
competing venues, and providing a cap
on Strategy Executions comprised in
whole or in part by FLEX transactions
in a manner consistent with other
trading venues will encourage
competition. In such an environment,
the Exchange must continually review,
and consider adjusting, its fees and
credits to remain competitive with other
exchanges. For the reasons described
above, the Exchange believes that the
proposed rule change reflects this
competitive environment.
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
No written comments were solicited
or received with respect to the proposed
rule change.
emcdonald on DSK67QTVN1PROD with NOTICES
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
The foregoing rule change is effective
upon filing pursuant to Section
19(b)(3)(A) 12 of the Act and
subparagraph (f)(2) of Rule 19b–4 13
thereunder, because it establishes a due,
10 15
U.S.C. 78f(b)(8).
supra n. 6.
12 15 U.S.C. 78s(b)(3)(A).
13 17 CFR 240.19b–4(f)(2).
11 See
VerDate Mar<15>2010
16:55 Jun 09, 2014
fee, or other charge imposed by the
Exchange.
At any time within 60 days of the
filing of such 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
under Section 19(b)(2)(B) 14 of the Act to
determine whether the proposed rule
change 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–
NYSEArca–2014–62 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–NYSEArca–2014–62. 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
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
10:00 a.m. and 3:00 p.m. Copies of such
14 15
Jkt 232001
PO 00000
U.S.C. 78s(b)(2)(B).
Frm 00083
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filing also will be available for
inspection and copying at the principal
office of the Exchange. 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–
NYSEArca–2014–62, and should be
submitted on or before July 1, 2014.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.15
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2014–13454 Filed 6–9–14; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[File No. 500–1]
In the Matter of Prospect Ventures,
Inc.; Order of Suspension of Trading
June 6, 2014.
It appears to the Securities and
Exchange Commission that there is a
lack of current and accurate information
concerning the securities of Prospect
Ventures, Inc. (‘‘Prospect’’) because of
questions regarding the accuracy of
assertions by Prospect to investors in
public filings concerning, among other
things, the company’s beneficial
ownership, assets, and operations.
Prospect is a Nevada corporation based
in Medellin, Colombia. Prospect’s
securities are quoted on OTC Link
(formerly ‘‘Pink Sheets’’) operated by
OTC Markets Group Inc., under the
symbol IVAP.
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.
EDT on June 6, 2014 through 11:59 p.m.
EDT on June 19, 2014.
By the Commission.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2014–13574 Filed 6–6–14; 11:15 am]
BILLING CODE 8011–01–P
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[Federal Register Volume 79, Number 111 (Tuesday, June 10, 2014)]
[Notices]
[Page 33253]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-13574]
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SECURITIES AND EXCHANGE COMMISSION
[File No. 500-1]
In the Matter of Prospect Ventures, Inc.; Order of Suspension of
Trading
June 6, 2014.
It appears to the Securities and Exchange Commission that there is
a lack of current and accurate information concerning the securities of
Prospect Ventures, Inc. (``Prospect'') because of questions regarding
the accuracy of assertions by Prospect to investors in public filings
concerning, among other things, the company's beneficial ownership,
assets, and operations. Prospect is a Nevada corporation based in
Medellin, Colombia. Prospect's securities are quoted on OTC Link
(formerly ``Pink Sheets'') operated by OTC Markets Group Inc., under
the symbol IVAP.
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. EDT on
June 6, 2014 through 11:59 p.m. EDT on June 19, 2014.
By the Commission.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2014-13574 Filed 6-6-14; 11:15 am]
BILLING CODE 8011-01-P
