In the Matter of Solarbrook Water and Power Corp.; Order of Suspension of Trading, 27180 [2016-10677]
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27180
Federal Register / Vol. 81, No. 87 / Thursday, May 5, 2016 / Notices
Exchange believes the proposal would
not unduly burden any particular group
of market participants trading on the
`
Exchange vis-a-vis another group (i.e.,
Market Markers versus non-Market
Makers) as the Underlying Price Check,
as modified, is designed to address the
unique role of Market Makers to enter
two-sided quotations in their
appointments and would apply equally
to all Market Makers. Moreover, the
Exchange believes the proposal would
provide market participants with
additional protection from anomalous
executions while ensuring that the
Underlying Price Check would not be
performed in instances where the
Exchange lacks reliable pricing data for
the underlying security. Thus, the
Exchange does not believe the proposal
creates any significant impact on
competition. The Exchange believes this
proposal is pro-competitive as it allows
the Exchange to implement the second
layer of price protection, which may
encourage Market Makers to quote
tighter deeper markets, which will
increase liquidity and enhance
competition.
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
No written comments were solicited
or received with respect to the proposed
rule change.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
mstockstill on DSK3G9T082PROD with NOTICES
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) 16 of the Act and Rule 19b–
4(f)(6) thereunder.17
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
16 15
U.S.C. 78s(b)(3)(A).
17 17 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.
VerDate Sep<11>2014
18:06 May 04, 2016
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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
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–NYSEARCA–2016–57. 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 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–
Frm 00098
Fmt 4703
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.18
Brent J. Fields,
Secretary.
[FR Doc. 2016–10471 Filed 5–4–16; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[File No. 500–1]
• 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–
NYSEARCA–2016–57 on the subject
line.
PO 00000
NYSEARCA–2016–57, and should be
submitted on or before May 26, 2016.
Sfmt 9990
In the Matter of Solarbrook Water and
Power Corp.; Order of Suspension of
Trading
May 3, 2016.
It appears to the Securities and
Exchange Commission that there is a
lack of current and accurate information
concerning the securities of Solarbrook
Water and Power Corp. (‘‘Solarbrook’’)
because of concerns regarding the
accuracy and adequacy of information
in the marketplace and potentially
manipulative transactions in Solarbrook
common stock. Solarbrook was a North
Carolina corporation with its principal
place of business located in Cary, NC,
until April 4, 2012, when it was
administratively dissolved by the state
for failure to file required annual
reports. Its stock is quoted on OTC Link
(previously ‘‘Pink Sheets’’), operated by
OTC Markets Group Inc. (‘‘OTC Link’’),
under the ticker symbol SLRW.
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 May 3, 2016, through 11:59 p.m.
EDT on May 16, 2016.
By the Commission.
Brent J. Fields,
Secretary.
[FR Doc. 2016–10677 Filed 5–3–16; 4:15 pm]
BILLING CODE 8011–01–P
18 17
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CFR 200.30–3(a)(12).
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Agencies
[Federal Register Volume 81, Number 87 (Thursday, May 5, 2016)]
[Notices]
[Page 27180]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-10677]
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SECURITIES AND EXCHANGE COMMISSION
[File No. 500-1]
In the Matter of Solarbrook Water and Power Corp.; Order of
Suspension of Trading
May 3, 2016.
It appears to the Securities and Exchange Commission that there is
a lack of current and accurate information concerning the securities of
Solarbrook Water and Power Corp. (``Solarbrook'') because of concerns
regarding the accuracy and adequacy of information in the marketplace
and potentially manipulative transactions in Solarbrook common stock.
Solarbrook was a North Carolina corporation with its principal place of
business located in Cary, NC, until April 4, 2012, when it was
administratively dissolved by the state for failure to file required
annual reports. Its stock is quoted on OTC Link (previously ``Pink
Sheets''), operated by OTC Markets Group Inc. (``OTC Link''), under the
ticker symbol SLRW.
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
May 3, 2016, through 11:59 p.m. EDT on May 16, 2016.
By the Commission.
Brent J. Fields,
Secretary.
[FR Doc. 2016-10677 Filed 5-3-16; 4:15 pm]
BILLING CODE 8011-01-P