In the Matter of Caspian International Oil Corporation, Elevate, Inc., Frawley Corporation, Groen Brothers Aviation, Inc., and Logic Devices, Incorporated; Order of Suspension of Trading, 41625-41626 [2016-15214]

Download as PDF Federal Register / Vol. 81, No. 123 / Monday, June 27, 2016 / Notices 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 proposal is consistent with the Act. Comments may be submitted by any of the following methods: mstockstill on DSK3G9T082PROD 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 No. SR–BX– 2016–036 on the subject line. 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 No. SR–BX–2016–036. 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 No. SR–BX–2016– 036, and should be submitted on or before July 18, 2016. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.21 Robert W. Errett, Deputy Secretary. [FR Doc. 2016–15071 Filed 6–24–16; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [File No. 500–1] In the Matter of Caspian International Oil Corporation, Elevate, Inc., Frawley Corporation, Groen Brothers Aviation, Inc., and Logic Devices, Incorporated; Order of Suspension of Trading June 23, 2016. It appears to the Securities and Exchange Commission (‘‘Commission’’) that there is a lack of current and accurate information concerning the securities of Caspian International Oil Corporation (‘‘CIOC 1’’) (CIK No. 816958), a void Delaware corporation located in Houston, Texas with a class of securities registered with the Commission pursuant to Securities Exchange Act of 1934 (‘‘Exchange Act’’) Section 12(g) 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 September 30, 2008. On April 12, 2011, the Commission’s Division of Corporation Finance (‘‘Corporation Finance’’) sent a delinquency letter to CIOC requesting compliance with its periodic filing requirements but CIOC did not receive the delinquency letter due to its 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) (‘‘Commission Issuer Address Rules’’). As of June 16, 2016, the common stock of CIOC was quoted on OTC Link operated by OTC Markets Group Inc. (formerly ‘‘Pink Sheets’’) (‘‘OTC Link’’), had two market makers, and was 21 17 Commission. The Exchange has satisfied this requirement. VerDate Sep<11>2014 18:52 Jun 24, 2016 Jkt 238001 CFR 200.30–3(a)(12). short form of each issuer’s name is also its stock symbol. 1 The PO 00000 Frm 00118 Fmt 4703 Sfmt 4703 41625 eligible for the ‘‘piggyback’’ exception of Exchange Act Rule 15c2–11(f)(3). It appears to the Commission that there is a lack of current and accurate information concerning the securities of Elevate, Inc. (‘‘ELEV’’) (CIK No. 1424415), a defaulted Nevada corporation located in San Clemente, California with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g) 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 February 29, 2012. On January 28, 2016, Corporation Finance sent a delinquency letter to ELEV requesting compliance with its periodic filing requirements but ELEV did not receive the delinquency letter due to its failure to maintain a valid address on file with the Commission as required by Commission Issuer Address Rules. As of June 16, 2016, the common stock of ELEV was quoted on OTC Link, had six market makers, and was eligible for the ‘‘piggyback’’ exception of Exchange Act Rule 15c2–11(f)(3). It appears to the Commission that there is a lack of current and accurate information concerning the securities of Frawley Corporation (‘‘FRWL’’) (CIK No. 38824), a void Delaware corporation located in Agoura Hills, California with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g) because it is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10–K for the period ended December 31, 2011. On November 21, 2011, Corporation Finance sent a delinquency letter to FRWL requesting compliance with its periodic filing requirements but FRWL did not receive the delinquency letter due to its failure to maintain a valid address on file with the Commission as required by Commission Issuer Address Rules. As of June 16, 2016, the common stock of FRWL was quoted on OTC Link, had four market makers, and was eligible for the ‘‘piggyback’’ exception of Exchange Act Rule 15c2–11(f)(3). It appears to the Commission that there is a lack of current and accurate information concerning the securities of Groen Brothers Aviation, Inc. (‘‘GNBA’’) (CIK No. 870743), an expired Utah corporation located in Salt Lake City, Utah with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g) because it is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10–K for the period ended June 30, E:\FR\FM\27JNN1.SGM 27JNN1 41626 Federal Register / Vol. 81, No. 123 / Monday, June 27, 2016 / Notices mstockstill on DSK3G9T082PROD with NOTICES 2012. On February 22, 2016, Corporation Finance sent a delinquency letter to GNBA requesting compliance with its periodic filing requirements but GNBA did not receive the delinquency letter due to its failure to maintain a valid address on file with the Commission as required by Commission Issuer Address Rules. As of June 16, 2016, the common stock of GNBA was quoted on OTC Link, had five market makers, and was eligible for the ‘‘piggyback’’ exception of Exchange Act Rule 15c2–11(f)(3). It appears to the Commission that there is a lack of current and accurate information concerning the securities of Logic Devices, Incorporated (‘‘LOGC’’) (CIK No. 802851), a suspended California corporation located in Sunnyvale, California with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g) 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 November 14, 2013, Corporation Finance sent a delinquency letter to LOGC requesting compliance with its periodic filing requirements but LOGC did not receive the delinquency letter due to its failure to maintain a valid address on file with the Commission as required by Commission Issuer Address Rules. As of June 16, 2016, the common stock of LOGC was quoted on OTC Link, had five 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 companies. Therefore, it is ordered, pursuant to Section 12(k) of the Securities Exchange Act of 1934, that trading in the securities of the abovelisted companies is suspended for the period from 9:30 a.m. EDT on June 23, 2016, through 11:59 p.m. EDT on July 7, 2016. By the Commission. Jill M. Peterson, Assistant Secretary. [FR Doc. 2016–15214 Filed 6–23–16; 11:15 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–78110; File No. SR–CBOE– 2016–050] Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Related to Order Marking June 21, 2016. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (the ‘‘Act’’),1 and Rule 19b–4 thereunder,2 notice is hereby given that on June 16, 2016, Chicago Board Options Exchange, Incorporated (the ‘‘Exchange’’ or ‘‘CBOE’’) filed with the Securities and Exchange Commission (the ‘‘Commission’’) the proposed rule change as described in Items I, II, and III below, which Items have been prepared by the Exchange. The Exchange filed the proposal as a ‘‘noncontroversial’’ proposed rule change pursuant to Section 19(b)(3)(A)(iii) of the Act 3 and Rule 19b–4(f)(6) thereunder.4 The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change The Exchange seeks to update certain order marking requirements. The text of the proposed rule change is provided below. (additions are italicized; deletions are [bracketed]) * * * * * Chicago Board Options Exchange, Incorporated Rules * * * * * Rule 6.9. Solicited Transactions A Trading Permit Holder or TPH organization representing an order respecting an option traded on the Exchange (an ‘‘original order’’), including a spread, combination, or straddle order as defined in Rule 6.53, a stock-option order as defined in Rule 1.1(ii), a security future-option order as defined in Rule 1.1(zz), or any other complex order as defined in Rule 6.53C, may solicit a Trading Permit Holder or TPH organization or a non-Trading Permit Holder customer or broker-dealer (the ‘‘solicited person’’) to transact inperson or by order (a ‘‘solicited order’’) with the original order. In addition, 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 15 U.S.C. 78s(b)(3)(A)(iii). 4 17 CFR 240.19b–4(f)(6). 2 17 VerDate Sep<11>2014 18:52 Jun 24, 2016 Jkt 238001 PO 00000 Frm 00119 Fmt 4703 Sfmt 4703 whenever a floor broker who is aware of, but does not represent, an original order solicits one or more persons or orders in response to an original order, the persons solicited and any resulting orders are solicited persons or solicited orders subject to this Rule. Original orders and solicited orders are subject to the following conditions. (a)–(e) No change. (f) All orders initiated as a result of a solicitation must be marked [‘‘SL.’’] in a manner and form prescribed by the Exchange and announced via Regulatory Circular. [If the solicited person is on the trading floor and elects to participate by order, the solicited person must retain a copy of the solicited order on the trading floor so long as the order is active.] * * * * * Rule 6.53. Certain Types of Orders Defined One or more of the following order types may be made available on a classby-class basis. Certain order types may not be made available for all Exchange systems. The classes and/or systems for which the order types shall be available will be as provided in the Rules, as the context may indicate, or as otherwise specified via Regulatory Circular. (a)–(f) No change. (g) Not Held Order. A not held order is an order marked ‘‘not held’’, ‘‘take time’’ or which bears any qualifying notation giving discretion as to the price or time at which such order is to be executed. An order entrusted to a Floor Broker will be considered a Not Held Order, unless otherwise specified by a Floor Broker’s client or the order was received by the Exchange electronically and subsequently routed to a Floor Broker or PAR Official pursuant to the order entry firm’s routing instructions. Not Held Orders and/or ‘‘held’’ orders must be marked in a manner and form prescribed by the Exchange and announced via Regulatory Circular. * * * * * The text of the proposed rule change is also available on the Exchange’s Web site (https://www.cboe.com/AboutCBOE/ CBOELegalRegulatoryHome.aspx), at the Exchange’s Office of the Secretary, and at the Commission’s Public Reference Room. II. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, the Exchange included statements concerning the purpose of and basis for the proposed rule change and discussed E:\FR\FM\27JNN1.SGM 27JNN1

Agencies

[Federal Register Volume 81, Number 123 (Monday, June 27, 2016)]
[Notices]
[Pages 41625-41626]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-15214]


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SECURITIES AND EXCHANGE COMMISSION

[File No. 500-1]


In the Matter of Caspian International Oil Corporation, Elevate, 
Inc., Frawley Corporation, Groen Brothers Aviation, Inc., and Logic 
Devices, Incorporated; Order of Suspension of Trading

June 23, 2016.
    It appears to the Securities and Exchange Commission 
(``Commission'') that there is a lack of current and accurate 
information concerning the securities of Caspian International Oil 
Corporation (``CIOC \1\'') (CIK No. 816958), a void Delaware 
corporation located in Houston, Texas with a class of securities 
registered with the Commission pursuant to Securities Exchange Act of 
1934 (``Exchange Act'') Section 12(g) 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 September 30, 
2008. On April 12, 2011, the Commission's Division of Corporation 
Finance (``Corporation Finance'') sent a delinquency letter to CIOC 
requesting compliance with its periodic filing requirements but CIOC 
did not receive the delinquency letter due to its 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) (``Commission Issuer Address Rules''). As of June 
16, 2016, the common stock of CIOC was quoted on OTC Link operated by 
OTC Markets Group Inc. (formerly ``Pink Sheets'') (``OTC Link''), had 
two market makers, and was eligible for the ``piggyback'' exception of 
Exchange Act Rule 15c2-11(f)(3).
---------------------------------------------------------------------------

    \1\ The short form of each issuer's name is also its stock 
symbol.
---------------------------------------------------------------------------

    It appears to the Commission that there is a lack of current and 
accurate information concerning the securities of Elevate, Inc. 
(``ELEV'') (CIK No. 1424415), a defaulted Nevada corporation located in 
San Clemente, California with a class of securities registered with the 
Commission pursuant to Exchange Act Section 12(g) 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 February 29, 2012. On January 28, 2016, Corporation Finance sent 
a delinquency letter to ELEV requesting compliance with its periodic 
filing requirements but ELEV did not receive the delinquency letter due 
to its failure to maintain a valid address on file with the Commission 
as required by Commission Issuer Address Rules. As of June 16, 2016, 
the common stock of ELEV was quoted on OTC Link, had six market makers, 
and was eligible for the ``piggyback'' exception of Exchange Act Rule 
15c2-11(f)(3).
    It appears to the Commission that there is a lack of current and 
accurate information concerning the securities of Frawley Corporation 
(``FRWL'') (CIK No. 38824), a void Delaware corporation located in 
Agoura Hills, California with a class of securities registered with the 
Commission pursuant to Exchange Act Section 12(g) because it is 
delinquent in its periodic filings with the Commission, having not 
filed any periodic reports since it filed a Form 10-K for the period 
ended December 31, 2011. On November 21, 2011, Corporation Finance sent 
a delinquency letter to FRWL requesting compliance with its periodic 
filing requirements but FRWL did not receive the delinquency letter due 
to its failure to maintain a valid address on file with the Commission 
as required by Commission Issuer Address Rules. As of June 16, 2016, 
the common stock of FRWL was quoted on OTC Link, had four market 
makers, and was eligible for the ``piggyback'' exception of Exchange 
Act Rule 15c2-11(f)(3).
    It appears to the Commission that there is a lack of current and 
accurate information concerning the securities of Groen Brothers 
Aviation, Inc. (``GNBA'') (CIK No. 870743), an expired Utah corporation 
located in Salt Lake City, Utah with a class of securities registered 
with the Commission pursuant to Exchange Act Section 12(g) because it 
is delinquent in its periodic filings with the Commission, having not 
filed any periodic reports since it filed a Form 10-K for the period 
ended June 30,

[[Page 41626]]

2012. On February 22, 2016, Corporation Finance sent a delinquency 
letter to GNBA requesting compliance with its periodic filing 
requirements but GNBA did not receive the delinquency letter due to its 
failure to maintain a valid address on file with the Commission as 
required by Commission Issuer Address Rules. As of June 16, 2016, the 
common stock of GNBA was quoted on OTC Link, had five market makers, 
and was eligible for the ``piggyback'' exception of Exchange Act Rule 
15c2-11(f)(3).
    It appears to the Commission that there is a lack of current and 
accurate information concerning the securities of Logic Devices, 
Incorporated (``LOGC'') (CIK No. 802851), a suspended California 
corporation located in Sunnyvale, California with a class of securities 
registered with the Commission pursuant to Exchange Act Section 12(g) 
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 November 14, 2013, Corporation 
Finance sent a delinquency letter to LOGC requesting compliance with 
its periodic filing requirements but LOGC did not receive the 
delinquency letter due to its failure to maintain a valid address on 
file with the Commission as required by Commission Issuer Address 
Rules. As of June 16, 2016, the common stock of LOGC was quoted on OTC 
Link, had five 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 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. EDT on June 23, 2016, through 11:59 p.m. 
EDT on July 7, 2016.

    By the Commission.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2016-15214 Filed 6-23-16; 11:15 am]
 BILLING CODE 8011-01-P
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