In The Matter of Cynk Technology Corp.; Order of Suspension of Trading, 41345-41346 [2014-16693]

Download as PDF mstockstill on DSK4VPTVN1PROD with NOTICES Federal Register / Vol. 79, No. 135 / Tuesday, July 15, 2014 / Notices disparately impose requirements on similarly situated members. In addition, the proposed amendments to require a member interdealer quotation system to establish, maintain and enforce fair and reasonable written policies and procedures relating to the collection and dissemination of quotations in OTC equity securities are important to facilitate an orderly environment around quotation activity in OTC equity securities. Furthermore, the proposal provides for a ‘‘policies and procedures’’ approach and, therefore, affords all members within its scope a degree of flexibility in implementing measures to comply with the proposed rule. FINRA also does not believe that the proposed requirement that members provide copies of the aforementioned written policies, procedures and standards (and material updates, modifications and revisions thereto) results in an unwarranted burden on competition because the member interdealer quotation system would be permitted to proceed with the implementation of desired changes to its written policies, procedures and standards, as long as it notifies FINRA within five business days following the implementation of the changes. The proposal requiring a member inter-dealer quotation system to provide FINRA with a written description of each quotation-related data product offered by such member and related pricing information, including fees, rebates, discounts and cross-product pricing incentives (and any changes thereto) within five business days is essential to FINRA’s ongoing monitoring of the widespread availability of quotation information on OTC equity securities. FINRA also does not believe that this requirement imposes an unwarranted burden on competition because the proposed rule would permit the member inter-dealer quotation system to launch a new quotationrelated data product or related price (or change an existing data product or related price) without delay, followed by timely notification to FINRA. This proposed amendment would apply to all members meeting the Rule 6420 definition of ‘‘inter-dealer quotation system,’’ and therefore would not disparately impose requirements on similarly situated members. The proposed clarification and streamlining of the quotation recording and reporting requirements are minor and generally consistent with current practice; therefore, FINRA anticipates that members would need to make very few changes to comply with the revised VerDate Mar<15>2010 17:46 Jul 14, 2014 Jkt 232001 regime. Thus, any burden associated with the rule change is negligible and its impact on competition nonexistent. Finally, FINRA does not believe that the proposed deletion of the OTCBB-related rules and the discontinuance of the operation of the Service would impose any burden on competition because the Service currently operates as a transparency utility and, therefore, its closure would not burden competition and in no way would hinder the ability of new competitors to enter the market. C. Self-Regulatory Organization’s Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others Not applicable. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action Within 45 days of the date of publication of this notice in the Federal Register or within such longer period (i) as the Commission may designate up to 90 days of such date if it finds such longer period to be appropriate and publishes its reasons for so finding or (ii) as to which the self-regulatory organization consents, the Commission will: (A) by order approve or disapprove such proposed rule change, or (B) institute proceedings to determine whether the proposed rule change should be 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 rulecomments@sec.gov. Please include File Number SR–FINRA–2014–030 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–2014–030. 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 PO 00000 Frm 00100 Fmt 4703 Sfmt 4703 41345 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 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–2014–030 and should be submitted on or before August 5, 2014. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.36 Kevin M. O’Neill, Deputy Secretary. [FR Doc. 2014–16501 Filed 7–14–14; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [File No. 500–1] In The Matter of Cynk Technology Corp.; Order of Suspension of Trading July 11, 2014. 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 Cynk Technology Corp. (‘‘Cynk’’) because of concerns regarding the accuracy and adequacy of information in the marketplace and potentially manipulative transactions in Cynk’s common stock. Cynk is a Nevada corporation with a business address in Belize City, Belize and its common stock is quoted on the OTC Link (previously ‘‘Pink Sheets’’) operated by OTC Markets Group, Inc. (‘‘OTC Link) under the ticker symbol CYNK. 36 17 E:\FR\FM\15JYN1.SGM CFR 200.30–3(a)(12). 15JYN1 41346 Federal Register / Vol. 79, No. 135 / Tuesday, July 15, 2014 / Notices 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 July 11, 2014 through 11:59 p.m. EDT on July 24, 2014. By the Commission. Lynn M. Powalski, Deputy Secretary. BILLING CODE 8011–01–P SMALL BUSINESS ADMINISTRATION [Monroe Capital Corporation SBIC, LP License No. 05/05–0314] mstockstill on DSK4VPTVN1PROD with NOTICES Notice Seeking Exemption Under Section 312 of the Small Business Investment Act, Conflicts of Interest Notice is hereby given that Monroe Capital Corporation SBIC, LP, 311 S. Wacker Drive, Suite 6400, Chicago, IL 60606, a Federal Licensee under the Small Business Investment Act of 1958, as amended (the ‘‘Act’’), in connection with the financing of a small concern, has sought an exemption under Section 312 of the Act and Section 107.730, Financings which Constitute Conflicts of Interest of the Small Business Administration (‘‘SBA’’) Rules and Regulations (13 CFR 107.730). Monroe Capital Corporation SBIC, LP proposes to provide debt and equity financing to Summit Container Corporation, 901 Synthes Avenue, Monument, CO 80132. This financing is brought within the purview of § 107.730(a)(1) of the Regulations because Associates Monroe Capital Corporation and Monroe Capital Partners Fund, L.P. each own greater than 10 percent ownership interest in Summit Container Corporation, so Summit Container Corporation is considered an Associate. In addition, this financing is brought within the purview of § 107.730(a)(4) of the Regulations because the proceeds will be used to discharge an obligation to an Associate of Monroe Capital Corporation SBIC, LP. Therefore this transaction requires prior SBA exemption. Notice is hereby given that any interested person may submit written comments on the transaction, within fifteen days of the date of this publication, to the Associate Administrator for Investment, U.S. Small Business Administration, 409 17:46 Jul 14, 2014 Jkt 232001 SOCIAL SECURITY ADMINISTRATION Dated: July 2, 2014. Javier E. Saade, Administrator for Office of Investment and Innovation. Privacy Act of 1974, as Amended; Computer Matching Program (SSA/the States)—Match 6000 and 6003 [FR Doc. 2014–16612 Filed 7–14–14; 8:45 am] AGENCY: BILLING CODE 8025–01–P (SSA). [Docket No. SSA–2014–0018.] Social Security Administration Notice of a renewal of an existing computer matching program that will expire on December 31, 2014. ACTION: SMALL BUSINESS ADMINISTRATION Monroe Capital Corporation SBIC, LP License No. 05/05–0314; Notice Seeking Exemption Under Section 312 of the Small Business Investment Act, Conflicts of Interest [FR Doc. 2014–16693 Filed 7–11–14; 4:15 pm] VerDate Mar<15>2010 Third Street SW., Washington, DC 20416. Notice is hereby given that Monroe Capital Corporation SBIC, LP, 311 S. Wacker Drive, Suite 6400, Chicago, IL 60606, a Federal Licensee under the Small Business Investment Act of 1958, as amended (the ‘‘Act’’), in connection with the financing of a small concern, has sought an exemption under Section 312 of the Act and Section 107.730, Financings which Constitute Conflicts of Interest of the Small Business Administration (‘‘SBA’’) Rules and Regulations (13 CFR 107.730). Monroe Capital Corporation SBIC, LP proposes to provide debt financing to Alliance Time Holdings, LLC, 545 Broadway, Suite 100, Brooklyn, NY 11206, and debt and equity financing to Bookit Operating LLC, 14251 Panama City Beach Parkway, Panama City Beach, FL 32413. These financings are brought within the purview of § 107.730(a)(4) of the Regulations because the proceeds will be used to discharge obligations to an Associate of Monroe Capital Corporation SBIC, LP. Therefore this transaction requires prior SBA exemption. Notice is hereby given that any interested person may submit written comments on these transactions, within fifteen days of the date of this publication, to the Associate Administrator for Investment, U.S. Small Business Administration, 409 Third Street SW., Washington, DC 20416. Dated: July 2, 2014. Javier E. Saade, Associate Administrator for Office of Investment and Innovation. [FR Doc. 2014–16611 Filed 7–14–14; 8:45 am] BILLING CODE 8025–01–P PO 00000 Frm 00101 Fmt 4703 Sfmt 4703 In accordance with the provisions of the Privacy Act, as amended, this notice announces a renewal of an existing computer matching program that we are currently conducting with the States. DATES: We will file a report of the subject matching program with the Committee on Homeland Security and Governmental Affairs of the Senate; the Committee on Oversight and Government Reform of the House of Representatives; and the Office of Information and Regulatory Affairs, Office of Management and Budget (OMB). The matching program will be effective as indicated below. ADDRESSES: Interested parties may comment on this notice by either telefaxing to (410) 966–0869 or writing to the Executive Director, Office of Privacy and Disclosure, Office of the General Counsel, Social Security Administration, 617 Altmeyer Building, 6401 Security Boulevard, Baltimore, MD 21235–6401. All comments received will be available for public inspection at this address. FOR FURTHER INFORMATION CONTACT: The Executive Director, Office of Privacy and Disclosure, Office of the General Counsel, as shown above. SUPPLEMENTARY INFORMATION: SUMMARY: A. General The Computer Matching and Privacy Protection Act of 1988 (Public Law (Pub. L.) 100–503), amended the Privacy Act (5 U.S.C. 552a) by describing the conditions under which computer matching involving the Federal government could be performed and adding certain protections for persons applying for, and receiving, Federal benefits. Section 7201 of the Omnibus Budget Reconciliation Act of 1990 (Pub. L. 101–508) further amended the Privacy Act regarding protections for such persons. The Privacy Act, as amended, regulates the use of computer matching by Federal agencies when records in a system of records are matched with other Federal, State, or local government records. It requires Federal agencies E:\FR\FM\15JYN1.SGM 15JYN1

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[Federal Register Volume 79, Number 135 (Tuesday, July 15, 2014)]
[Notices]
[Pages 41345-41346]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-16693]


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SECURITIES AND EXCHANGE COMMISSION

[File No. 500-1]


 In The Matter of Cynk Technology Corp.; Order of Suspension of 
Trading

July 11, 2014.
    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 Cynk Technology Corp. (``Cynk'') because 
of concerns regarding the accuracy and adequacy of information in the 
marketplace and potentially manipulative transactions in Cynk's common 
stock. Cynk is a Nevada corporation with a business address in Belize 
City, Belize and its common stock is quoted on the OTC Link (previously 
``Pink Sheets'') operated by OTC Markets Group, Inc. (``OTC Link) under 
the ticker symbol CYNK.

[[Page 41346]]

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

    By the Commission.
Lynn M. Powalski,
Deputy Secretary.
[FR Doc. 2014-16693 Filed 7-11-14; 4:15 pm]
BILLING CODE 8011-01-P
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