In the Matter of Riverdale Mining Inc., and Tresoro Mining Corp., Order of Suspension of Trading, 70864-70865 [2015-29288]
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Federal Register / Vol. 80, No. 220 / Monday, November 16, 2015 / Notices
the same trading and supervisory
activities by taking and passing fewer
examinations. Specifically, individuals
will no longer be required to take and
pass a prerequisite examination, such as
the Series 7 or Series 62 examination, to
engage in or supervise securities
trading. Thus, the proposed rule change
will reduce the overall costs, including
the cost of having to sit for additional
examinations, on individuals who will
engage in or supervise securities trading
under the new categories, as well as the
costs on their associated firms.
Based on a survey of Equity Traders,
FINRA understands that some Equity
Traders, albeit a limited number,
currently engage in sales activities in
addition to securities trading. Today,
such individuals may engage in sales
activities because, concurrent to
registration as an Equity Trader, they are
registered as either a General Securities
Representative or Corporate Securities
Representative. However, a newlyregistered Securities Trader who will be
engaging in sales activities in addition
to securities trading must separately
register in an appropriate sales-related
registration category (e.g., General
Securities Representative or Corporate
Securities Representative). As a result,
such individuals may experience an
increase in their total examination fees.
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• Economic Impacts
The proposed rule change will reduce
the examination fees for the registration
of associated persons who are required
to be registered to engage in or supervise
securities trading. By way of example,
the current examination fee for
registering as an Equity Trader is $415
(for associated persons who take the
Series 7 and 55 examinations) or $205
(for associated persons who take the
Series 62 and 55 examinations). Under
the proposed rule change, the
examination fee for registering as a
Securities Trader will be $120.
Assuming a constant examination
volume at the 2014 level, FINRA
estimates that the aggregate cost savings
will be approximately $188,000 per year
for individuals who currently take the
Series 7 and 55 examinations or Series
62 and 55 examinations to engage only
in securities trading. In addition, the
current examination fee for registering
as a Proprietary Trader is $305 (for
individuals who take the Series 7
examination) or $195 (for individuals
who take the Series 56 examination).
Assuming a constant volume at the 2014
level, FINRA estimates that the
aggregate cost savings for individuals
who currently take the Series 56
examination to engage in securities
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trading will be approximately $58,200
per year.16
As noted above, newly-registered
persons who will engage in both sales
and trading activities may experience an
increase in their total examination fees.
For instance, the examination fee for
associated persons who will take the
Series 7 and 57 examinations to engage
in both sales and trading activities will
be $425 compared to the current fee of
$415 for associated persons who take
the Series 7 and 55 examinations to
engage in such activities.
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.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
The foregoing rule change has become
effective pursuant to Section 19(b)(3)(A)
of the Act 17 and paragraph (f)(2) of Rule
19b–4 thereunder.18 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–2015–044 on the subject line.
Commission, 100 F Street NE.,
Washington, DC 20549–1090.
All submissions should refer to File
Number SR–FINRA–2015–044. 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
filing also will be available for
inspection and copying at the principal
offices 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–
2015–044, and should be submitted on
or before December 7, 2015.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.19
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015–28860 Filed 11–13–15; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[File No. 500–1]
In the Matter of Riverdale Mining Inc.,
and Tresoro Mining Corp., Order of
Suspension of Trading
Paper Comments
• Send paper comments in triplicate
to Secretary, Securities and Exchange
November 12, 2015.
It appears to the Securities and
Exchange Commission that there is a
lack of current and accurate information
concerning the securities of Riverdale
Mining Inc. (CIK No. 1402357), a
revoked Nevada corporation with its
principal place of business listed as
16 FINRA does not have data on the number of
individuals who take the Series 7 examination and
register as General Securities Representatives in
order to function as Proprietary Traders and engage
in securities trading.
17 15 U.S.C. 78s(b)(3)(A).
18 17 CFR 240.19b–4(f)(2).
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CFR 200.30–3(a)(12).
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Federal Register / Vol. 80, No. 220 / Monday, November 16, 2015 / Notices
Toronto, Ontario, Canada, with stock
quoted on OTC Link (previously, ‘‘Pink
Sheets’’) operated by OTC Markets
Group, Inc. (‘‘OTC Link’’) under the
ticker symbol RVDM, because it has not
filed any periodic reports since the
period ended December 31, 2012. On
November 7, 2014, the Division of
Corporation Finance sent Riverdale
Mining a delinquency letter requesting
compliance with their periodic filing
obligations, but the letter was returned
because of Riverdale Mining’s failure to
maintain a valid address on file with the
Commission, as required by
Commission rules (Rule 301 of
Regulation S–T, 17 CFR 232.301 and
Section 5.4 of EDGAR Filer Manual).
It appears to the Securities and
Exchange Commission that there is a
lack of current and accurate information
concerning the securities of Tresoro
Mining Corp. (CIK No. 1348788), a
defaulted Nevada corporation with its
principal place of business listed as
Vancouver, British Columbia, Canada,
with stock quoted on OTC Link under
the ticker symbol TSOR, because it has
not filed any periodic reports since the
period ended November 30, 2012. On
May 5, 2014, Tresoro Mining received a
delinquency letter sent by the Division
of Corporation Finance requesting
compliance with their periodic filing
obligations.
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 above-listed companies
is suspended for the period from 9:30
a.m. EST on November 12, 2015,
through 11:59 p.m. EST on November
25, 2015.
By the Commission.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2015–29288 Filed 11–12–15; 4:15 pm]
BILLING CODE 8011–01–P
DEPARTMENT OF TRANSPORTATION
Federal Railroad Administration
tkelley on DSK3SPTVN1PROD with NOTICES
[Docket Number FRA–2015–0115]
Petition for Waiver of Compliance
In accordance with part 211 of Title
49 Code of Federal Regulations (CFR),
this document provides the public
notice that by a document dated October
16, 2015, Kansas City Southern Railway
(KCS) has petitioned the Federal
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19:47 Nov 13, 2015
Jkt 238001
Railroad Administration (FRA) for a
waiver of compliance from certain
provisions of the Federal railroad safety
regulations contained at CFR part 213.
FRA assigned the petition Docket
Number FRA–2015–0115.
Pursuant to 49 CFR 213.113(a), KCS
requests a waiver from the accepted
practice of stop/start rail testing to start
a 3-year pilot test process of nonstop
continuous testing. The projected
starting date for implementing the test
process would be November 1, 2015.
The test process would occur on the
main tracks between Kansas City, MO,
and Heavener, OK, on the Pittsburgh
Subdivision and the Heavener
Subdivision. Once the two initial
subdivisions are completed, KCS would
like to expand the test process to
include the Shreveport Subdivision in
Shreveport, LA. KCS intends to test the
subdivisions within a 30- to 45-day
frequency.
For this pilot test, the process would
be similar to the waiver granted to
Union Pacific Railroad in Docket
Number FRA–2015–0003. KCS would
not have parallel or redundant stop/start
testing on the segments being tested in
a nonstop process. KCS will produce a
bimonthly report for FRA’s Rail and
Infrastructure Integrity Division
managers. This report would include
the in-service rail failure ratios per 49
CFR part 213, a report on the miles
tested, and the frequency of testing.
The nonstop continuous rail testing
vehicle will be a self-propelled
ultrasonic induction unit capable of
testing at speeds up to 30 mph. The data
will be analyzed from a remote location
facility by experts with experience
reviewing Rail Flaw Detection test data.
The field verification of suspected
defects will be conducted by qualified
and certified test professionals with
recordable field validation equipment,
based on GPS location and known track
features. KCS believes nonstop
continuous rail testing will provide the
capability to test track more quickly and
frequently, and to minimize the risk of
rail service failures.
A copy of the petition, as well as any
written communications concerning the
petition, is available for review online at
www.regulations.gov and in person at
the U.S. Department of Transportation’s
(DOT) Docket Operations Facility, 1200
New Jersey Avenue SE., W12–140,
Washington, DC 20590. The Docket
Operations Facility is open from 9 a.m.
to 5 p.m., Monday through Friday,
except Federal Holidays.
Interested parties are invited to
participate in these proceedings by
submitting written views, data, or
comments. FRA does not anticipate
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70865
scheduling a public hearing in
connection with these proceedings since
the facts do not appear to warrant a
hearing. If any interested party desires
an opportunity for oral comment, they
should notify FRA, in writing, before
the end of the comment period and
specify the basis for their request.
All communications concerning these
proceedings should identify the
appropriate docket number and may be
submitted by any of the following
methods:
• Web site: https://
www.regulations.gov. Follow the online
instructions for submitting comments.
• Fax: 202–493–2251.
• Mail: Docket Operations Facility,
U.S. Department of Transportation, 1200
New Jersey Avenue SE., W12–140,
Washington, DC 20590.
• Hand Delivery: 1200 New Jersey
Avenue SE., Room W12–140,
Washington, DC 20590, between 9 a.m.
and 5 p.m., Monday through Friday,
except Federal Holidays.
Communications received by
December 16, 2015 will be considered
by FRA before final action is taken.
Comments received after that date will
be considered as far as practicable.
Anyone is able to search the
electronic form of any written
communications and comments
received into any of our dockets by the
name of the individual submitting the
comment (or signing the comment, if
submitted on behalf of an association,
business, labor union, etc.). In
accordance with 5 U.S.C. 553(c), DOT
solicits comments from the public to
better inform its processes. DOT posts
these comments, without edit, including
any personal information the
commenter provides, to
www.regulations.gov, as described in
the system of records notice (DOT/ALL–
14 FDMS), which can be reviewed at
www.dot.gov/privacy. See also https://
www.regulations.gov/#!privacyNotice
for the privacy notice of regulations.gov.
Issued in Washington, DC, on Monday,
November 9, 2015.
Ron Hynes,
Director, Office of Technical Oversight.
[FR Doc. 2015–29162 Filed 11–13–15; 8:45 am]
BILLING CODE 4910–06–P
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]]>Agencies
[Federal Register Volume 80, Number 220 (Monday, November 16, 2015)]
[Notices]
[Pages 70864-70865]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-29288]
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SECURITIES AND EXCHANGE COMMISSION
[File No. 500-1]
In the Matter of Riverdale Mining Inc., and Tresoro Mining Corp.,
Order of Suspension of Trading
November 12, 2015.
It appears to the Securities and Exchange Commission that there is
a lack of current and accurate information concerning the securities of
Riverdale Mining Inc. (CIK No. 1402357), a revoked Nevada corporation
with its principal place of business listed as
[[Page 70865]]
Toronto, Ontario, Canada, with stock quoted on OTC Link (previously,
``Pink Sheets'') operated by OTC Markets Group, Inc. (``OTC Link'')
under the ticker symbol RVDM, because it has not filed any periodic
reports since the period ended December 31, 2012. On November 7, 2014,
the Division of Corporation Finance sent Riverdale Mining a delinquency
letter requesting compliance with their periodic filing obligations,
but the letter was returned because of Riverdale Mining's failure to
maintain a valid address on file with the Commission, as required by
Commission rules (Rule 301 of Regulation S-T, 17 CFR 232.301 and
Section 5.4 of EDGAR Filer Manual).
It appears to the Securities and Exchange Commission that there is
a lack of current and accurate information concerning the securities of
Tresoro Mining Corp. (CIK No. 1348788), a defaulted Nevada corporation
with its principal place of business listed as Vancouver, British
Columbia, Canada, with stock quoted on OTC Link under the ticker symbol
TSOR, because it has not filed any periodic reports since the period
ended November 30, 2012. On May 5, 2014, Tresoro Mining received a
delinquency letter sent by the Division of Corporation Finance
requesting compliance with their periodic filing obligations.
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
above-listed companies is suspended for the period from 9:30 a.m. EST
on November 12, 2015, through 11:59 p.m. EST on November 25, 2015.
By the Commission.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2015-29288 Filed 11-12-15; 4:15 pm]
BILLING CODE 8011-01-P
