Sunshine Act Meeting, 16044 [2015-07048]

Download as PDF 16044 Federal Register / Vol. 80, No. 58 / Thursday, March 26, 2015 / Notices reports since the period ending September 30, 2008, or any reports since June 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 Winsonic. Therefore, it is ordered, pursuant to Section 12(k) of the Securities Exchange Act of 1934, that trading in the securities of Winsonic is suspended for the period from 9:30 a.m. EDT on March 24, 2015, through 11:59 p.m. EDT on April 7, 2015. By the Commission. Jill M. Peterson, Assistant Secretary. [FR Doc. 2015–07040 Filed 3–24–15; 4:15 pm] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION mstockstill on DSK4VPTVN1PROD with NOTICES Sunshine Act Meeting Notice is hereby given, pursuant to the provisions of the Government in the Sunshine Act, Public Law 94–409, that the Securities and Exchange Commission will hold an Open Meeting on March 30, 2015, at 10:30 a.m., in Room 10800 at the Commission’s headquarters building, to hear oral argument in cross-appeals by Francis V. Lorenzo and the Division of Enforcement from an initial decision of an administrative law judge. On December 31, 2013, the law judge found that Lorenzo violated the antifraud provisions of Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934, and Exchange Act Rule 10b–5 when he sent two potential investors emails containing false and misleading information about his firm’s client. The law judge ordered Lorenzo to cease and desist from violations of the antifraud provisions, barred him from the securities industry, and ordered him to pay a civil money penalty of $15,000. The issues likely to be considered at oral argument include whether Lorenzo violated the antifraud provisions as alleged and, if so, the extent to which he should be sanctioned for those violations. The duty officer determined that no earlier notice thereof was possible. For further information, please contact the Office of the Secretary at (202) 551– 5400. Dated: March 24, 2015. Brent J. Fields. Secretary. BILLING CODE 8011–01–P 18:55 Mar 25, 2015 [Release No. 34–74555; File No. SR–MIAX– 2015–20] Self-Regulatory Organizations; Miami International Securities Exchange, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fee Schedule March 20, 2015. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’),1 and Rule 19b–4 thereunder,2 notice is hereby given that on March 11, 2015, Miami International Securities Exchange LLC (‘‘MIAX’’ or ‘‘Exchange’’) filed with the Securities and Exchange Commission (‘‘SEC’’ or ‘‘Commission’’) the proposed rule change as described in Items I, II, and III below, which Items have been prepared by the Exchange. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change The Exchange is filing a proposal to amend the MIAX Options Fee Schedule. The text of the proposed rule change is available on the Exchange’s Web site at https://www.miaxoptions.com/filter/ wotitle/rule_filing, at MIAX’s principal office, and at the Commission’s Public Reference Room. II. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, the Exchange included statements concerning the purpose of and basis for the proposed rule change and discussed any comments it received on the proposed rule change. The text of these statements may be examined at the places specified in Item IV below. The Exchange has prepared summaries, set forth in sections A, B, and C below, of the most significant aspects of such statements. A. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose The Exchange proposes to amend its current MIAX Market Maker 3 sliding 1 15 [FR Doc. 2015–07048 Filed 3–24–15; 4:15 pm] VerDate Sep<11>2014 SECURITIES AND EXCHANGE COMMISSION Jkt 235001 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 ‘‘MIAX Market Maker’’ for purposes of the proposed sliding scale means any MIAX Market 2 17 PO 00000 Frm 00066 Fmt 4703 Sfmt 4703 scale for transaction fees to: (i) Adopt transaction fees for non-Penny Pilot options classes; and (ii) provide for additional incentives for achieving certain Priority Customer Rebate Program volume tiers. The sliding scale for MIAX Market Maker transaction fees is based on the substantially similar fees of the Chicago Board Options Exchange, Incorporated (‘‘CBOE’’).4 Currently, the program reduces a MIAX Market Maker’s per contract transaction fee based on percentages of total national Market Maker volume of any options classes that trade on the exchange during the calendar month, based on the following scale: Tier 1 2 3 4 5 ........ ........ ........ ........ ........ Percentage of national Market Maker volume 0.00%–0.05% ............ Above 0.05%–0.50% Above 0.50%–0.80% Above 0.80%–1.50% Above 1.50% ............. Transaction fee per contract $0.25 0.17 0.12 0.07 0.05 The Exchange proposes to amend its current MIAX Market Maker sliding scale for transactions to adopt transaction fees for non-Penny Pilot options classes. Specifically, the Exchange proposes to reduce a MIAX Market Maker’s per contract transaction fee based on percentages of total national Market Maker volume of any options classes that trade on the exchange during the calendar month, based on the following scale: Tier 1 2 3 4 5 ........ ........ ........ ........ ........ Percentage of national Market Maker volume 0.00%–0.05% ............ Above 0.05%–0.50% Above 0.50%–0.80% Above 0.80%–1.50% Above 1.50% ............. Non-Penny Pilot classes transaction fee per contract $0.29 0.21 0.16 0.11 0.09 The proposed sliding scale would apply to all MIAX Market Makers for transactions in all non-Penny Pilot options classes except mini-options. A MIAX Market Maker’s initial $0.29 per contract rate will be reduced if the MIAX Market Maker reaches the volume thresholds set forth in the sliding scale Maker including RMM, LMM, PLMM, DLMM, and DPLMM. 4 See Securities Exchange Act Release Nos. 55193 (January 30, 2007), 72 FR 5476 (February 6, 2007) (SR–CBOE–2006–111); 57191 (January 24, 2008), 73 FR 5611 (January 30, 2008); 58321 (August 6, 2008), 73 FR 46955 (SR–CBOE–2008–78). See also CBOE Fees Schedule, p. 3. The Exchange notes that CBOE does not charge market makers a differentiated transaction fee for non-Penny Pilot option classes. E:\FR\FM\26MRN1.SGM 26MRN1

Agencies

[Federal Register Volume 80, Number 58 (Thursday, March 26, 2015)]
[Notices]
[Page 16044]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2015-07048]


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SECURITIES AND EXCHANGE COMMISSION


Sunshine Act Meeting

    Notice is hereby given, pursuant to the provisions of the 
Government in the Sunshine Act, Public Law 94-409, that the Securities 
and Exchange Commission will hold an Open Meeting on March 30, 2015, at 
10:30 a.m., in Room 10800 at the Commission's headquarters building, to 
hear oral argument in cross-appeals by Francis V. Lorenzo and the 
Division of Enforcement from an initial decision of an administrative 
law judge.
    On December 31, 2013, the law judge found that Lorenzo violated the 
antifraud provisions of Section 17(a) of the Securities Act of 1933, 
Section 10(b) of the Securities Exchange Act of 1934, and Exchange Act 
Rule 10b-5 when he sent two potential investors emails containing false 
and misleading information about his firm's client. The law judge 
ordered Lorenzo to cease and desist from violations of the antifraud 
provisions, barred him from the securities industry, and ordered him to 
pay a civil money penalty of $15,000.
    The issues likely to be considered at oral argument include whether 
Lorenzo violated the antifraud provisions as alleged and, if so, the 
extent to which he should be sanctioned for those violations.
    The duty officer determined that no earlier notice thereof was 
possible. For further information, please contact the Office of the 
Secretary at (202) 551-5400.

    Dated: March 24, 2015.
Brent J. Fields.
Secretary.
[FR Doc. 2015-07048 Filed 3-24-15; 4:15 pm]
 BILLING CODE 8011-01-P
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