In the Matter of Changda International Holdings, Inc.: Order of Suspension of Trading, 118 [2015-33029]

Download as PDF 118 Federal Register / Vol. 81, No. 1 / Monday, January 4, 2016 / Notices any burden on competition not necessary or appropriate in furtherance of the purposes of the Act. In terms of inter-market competition, the Exchange notes that it operates in a highly competitive market in which market participants can readily favor competing venues if they deem fee levels at a particular venue to be excessive, or rebate opportunities available at other venues to be more favorable. In such an environment, the Exchange must continually adjust its fees to remain competitive with other exchanges and with alternative trading systems that have been exempted from compliance with the statutory standards applicable to exchanges. Because competitors are free to modify their own fees in response, and because market participants may readily adjust their order routing practices, the Exchange believes that the degree to which fee changes in this market may impose any burden on competition is extremely limited. The Exchange’s proposal to increase the Options Surcharge for transactions in MNX and NDX from $0.20 to $0.25 per contract for all non-Customer market participants does not impose an undue burden on intra-market competition because all non-Customer market participants will continue to be assessed a uniform Options Surcharge for transactions in MNX and NDX, in addition to other transaction fees. Customer liquidity benefits all market participants by providing more trading opportunities, which attracts Specialists and Market Makers. An increase in the activity of these market participants in turn facilitates tighter spreads, which may cause an additional corresponding increase in order flow from other market participants. tkelley on DSK3SPTVN1PROD with NOTICES C. Self-Regulatory Organization’s Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others No written comments were either solicited or 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)(ii) of the Act.20 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: (i) Necessary or appropriate in the public interest; (ii) for the protection 20 15 U.S.C. 78s(b)(3)(A)(ii). VerDate Sep<11>2014 16:43 Dec 31, 2015 Jkt 238001 of investors; or (iii) 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. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.21 Jill M. Peterson, Assistant Secretary. IV. Solicitation of Comments BILLING CODE 8011–01–P 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 (http://www.sec.gov/ rules/sro.shtml); or • Send an email to rule-comments@ sec.gov. Please include File Number SR– Phlx–2015–111 on the subject line. Paper Comments • Send paper comments in triplicate to Brent J. Fields, Secretary, Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549–1090. All submissions should refer to File Number SR–Phlx–2015–111. 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 (http://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 the 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–Phlx– 2015–111 and should be submitted on or before January 25, 2016. PO 00000 Frm 00058 Fmt 4703 Sfmt 9990 [FR Doc. 2015–32990 Filed 12–31–15; 8:45 am] SECURITIES AND EXCHANGE COMMISSION [File No. 500–1] In the Matter of Changda International Holdings, Inc.: Order of Suspension of Trading December 29, 2015. It appears to the Securities and Exchange Commission (‘‘Commission’’) that there is a lack of current and accurate information concerning the securities of Changda International Holdings, Inc. (‘‘CIHD 1’’) (CIK No. 1417624), a revoked Nevada corporation whose principal place of business is listed as Weifang, Shandong, China because it is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10–Q for the period ended June 30, 2012. On April 28, 2015, the Commission’s Division of Corporation Finance sent a delinquency letter to CIHD at the address shown in its thenmost recent filing in the Commission’s EDGAR system requesting compliance with its periodic filing requirements, . To date, CIHD has failed to cure its delinquencies. As of December 15, 2015, the common stock of CIHD was quoted on OTC Link operated by OTC Markets Group, Inc. (formerly ‘‘Pink Sheets’’) had seven market makers and was eligible for the ‘‘piggyback’’ exception of Exchange Act Rule 15c2–11(f)(3). 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 abovelisted company is suspended for the period from 9:30 a.m. EST on December 29, 2015, through 11:59 p.m. EST on January 12, 2016. By the Commission. Jill M. Peterson, Assistant Secretary. [FR Doc. 2015–33029 Filed 12–31–15; 8:45 am] BILLING CODE 8011–01–P 21 17 CFR 200.30–3(a)(12). short form of the issuer’s name is also its ticker symbol. 1 The E:\FR\FM\04JAN1.SGM 04JAN1

Agencies

[Federal Register Volume 81, Number 1 (Monday, January 4, 2016)]
[Notices]
[Page 118]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-33029]


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SECURITIES AND EXCHANGE COMMISSION

[File No. 500-1]


In the Matter of Changda International Holdings, Inc.: Order of 
Suspension of Trading

December 29, 2015.
    It appears to the Securities and Exchange Commission 
(``Commission'') that there is a lack of current and accurate 
information concerning the securities of Changda International 
Holdings, Inc. (``CIHD \1\'') (CIK No. 1417624), a revoked Nevada 
corporation whose principal place of business is listed as Weifang, 
Shandong, China because it is delinquent in its periodic filings with 
the Commission, having not filed any periodic reports since it filed a 
Form 10-Q for the period ended June 30, 2012. On April 28, 2015, the 
Commission's Division of Corporation Finance sent a delinquency letter 
to CIHD at the address shown in its then-most recent filing in the 
Commission's EDGAR system requesting compliance with its periodic 
filing requirements, . To date, CIHD has failed to cure its 
delinquencies. As of December 15, 2015, the common stock of CIHD was 
quoted on OTC Link operated by OTC Markets Group, Inc. (formerly ``Pink 
Sheets'') had seven market makers and was eligible for the 
``piggyback'' exception of Exchange Act Rule 15c2-11(f)(3).
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    \1\ The short form of the issuer's name is also its ticker 
symbol.
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    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. EST on December 29, 2015, through 11:59 p.m. 
EST on January 12, 2016.

    By the Commission.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2015-33029 Filed 12-31-15; 8:45 am]
 BILLING CODE 8011-01-P