In the Matter of Solarbrook Water and Power Corp.; Order of Suspension of Trading, 27180 [2016-10677]

Download as PDF 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 Jkt 238001 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 E:\FR\FM\05MYN1.SGM CFR 200.30–3(a)(12). 05MYN1

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
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