Sunshine Act Meeting, 11309 [2016-04792]
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Federal Register / Vol. 81, No. 42 / Thursday, March 3, 2016 / Notices
benefits investors because they receive
better prices and because it lowers
volatility in the options market. For
these reasons, the Exchange does not
believe this proposal imposes an undue
burden on inter-market competition
because other exchanges offer the same
functionality.
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
Because the foregoing proposed rule
change does not: (i) Significantly affect
the protection of investors or the public
interest; (ii) impose any significant
burden on competition; and (iii) become
operative for 30 days from the date on
which it was filed, or such shorter time
as the Commission may designate, it has
become effective pursuant to Section
19(b)(3)(A)(iii) of the Act 15 and
subparagraph (f)(6) of Rule 19b–4
thereunder.16
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
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.
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:
mstockstill on DSK4VPTVN1PROD with NOTICES
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–
Phlx–2016–23 on the subject line.
15 15
U.S.C. 78s(b)(3)(a)(iii).
CFR 240.19b–4(f)(6). In addition, Rule 19b–
4(f)(6) requires a self-regulatory organization to give
the Commission written notice of its intent to file
the proposed rule change at least five business days
prior to the date of filing of the proposed rule
change, or such shorter time as designated by the
Commission. The Exchange has satisfied this
requirement.
16 17
VerDate Sep<11>2014
19:17 Mar 02, 2016
Jkt 238001
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–Phlx–2016–23. 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
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–
2016–23, and should be submitted on or
before March 24, 2016.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.17
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016–04636 Filed 3–2–16; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
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 Monday, March 7, 2016, at 3:30 p.m.,
in the Auditorium (L–002) at the
Commission’s headquarters building, to
PO 00000
CFR 200.30–3(a)(12).
Frm 00137
Fmt 4703
Sfmt 4703
hear oral argument in an appeal from an
initial decision of an administrative law
judge by respondents J.S. Oliver Capital
Management, L.P. (‘‘J.S. Oliver’’), and
Ian O. Mausner (‘‘Mausner’’).
On August 5, 2014, the law judge
found that, beginning in 2008, J.S.
Oliver, a registered investment adviser,
and Mausner, its principal, violated
antifraud provisions of the securities
laws by cherry picking profitable trades
for favored accounts and by failing to
disclose uses of soft dollar commissions
to their clients. The initial decision also
found related compliance and
recordkeeping violations. For their
violations, the law judge barred
Mausner from the securities industry,
revoked J.S. Oliver’s investment adviser
registration, issued cease-and-desist
orders against them, and ordered
respondents to disgorge $1,376,440. The
law judge also imposed civil money
penalties of $3,040,000 on Mauser and
$14,975,000 on J.S. Oliver.
Respondents appealed the civil
money penalties imposed in the initial
decision. The oral argument is likely to
address what penalties, if any, are
appropriate in the public interest. Also
likely to be considered at oral argument
is whether these administrative
proceedings violate the U.S.
Constitution.
For further information, please
contact the Office of the Secretary at
(202) 551–5400.
Dated: February 29, 2016.
Brent J. Fields,
Secretary.
[FR Doc. 2016–04792 Filed 3–1–16; 11:15 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–77247; File No. SR–ISE
Gemini–2015–17]
Self-Regulatory Organizations; ISE
Gemini, LLC; Order Instituting
Proceedings To Determine Whether To
Approve or Disapprove a Proposed
Rule Change To Amend Rule 804(g)
February 26, 2016.
Sunshine Act Meeting
17 17
11309
I. Introduction
On November 12, 2015, the ISE
Gemini, LLC (‘‘ISE Gemini’’ or the
‘‘Exchange’’) filed with the Securities
and Exchange Commission (the
‘‘Commission’’), pursuant to Section
19(b)(1) of the Securities Exchange Act
of 1934 (the ‘‘Act’’) 1 and Rule 19b–4
1 15
U.S.C. 78s(b)(1).
E:\FR\FM\03MRN1.SGM
03MRN1
Agencies
[Federal Register Volume 81, Number 42 (Thursday, March 3, 2016)]
[Notices]
[Page 11309]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-04792]
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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 Monday, March 7,
2016, at 3:30 p.m., in the Auditorium (L-002) at the Commission's
headquarters building, to hear oral argument in an appeal from an
initial decision of an administrative law judge by respondents J.S.
Oliver Capital Management, L.P. (``J.S. Oliver''), and Ian O. Mausner
(``Mausner'').
On August 5, 2014, the law judge found that, beginning in 2008,
J.S. Oliver, a registered investment adviser, and Mausner, its
principal, violated antifraud provisions of the securities laws by
cherry picking profitable trades for favored accounts and by failing to
disclose uses of soft dollar commissions to their clients. The initial
decision also found related compliance and recordkeeping violations.
For their violations, the law judge barred Mausner from the securities
industry, revoked J.S. Oliver's investment adviser registration, issued
cease-and-desist orders against them, and ordered respondents to
disgorge $1,376,440. The law judge also imposed civil money penalties
of $3,040,000 on Mauser and $14,975,000 on J.S. Oliver.
Respondents appealed the civil money penalties imposed in the
initial decision. The oral argument is likely to address what
penalties, if any, are appropriate in the public interest. Also likely
to be considered at oral argument is whether these administrative
proceedings violate the U.S. Constitution.
For further information, please contact the Office of the Secretary
at (202) 551-5400.
Dated: February 29, 2016.
Brent J. Fields,
Secretary.
[FR Doc. 2016-04792 Filed 3-1-16; 11:15 am]
BILLING CODE 8011-01-P