Sunshine Act Meeting, 46988 [2016-17167]

Download as PDF 46988 Federal Register / Vol. 81, No. 138 / Tuesday, July 19, 2016 / Notices SECURITIES AND EXCHANGE COMMISSION Dated: July 13, 2016. Robert W. Errett, Deputy Secretary. Submission for OMB Review; Comment Request [FR Doc. 2016–17001 Filed 7–18–16; 8:45 am] BILLING CODE 8011–01–P Upon Written Request Copies Available From: Securities and Exchange Commission, Office of FOIA Services, 100 F Street NE., Washington, DC 20549–2736. mstockstill on DSK3G9T082PROD with NOTICES Extension: Schedule 13E–4F, SEC File No. 270–340, OMB Control No. 3235–0375 Notice is hereby given that, pursuant to the Paperwork Reduction Act of 1995 (44 U.S.C. 3501 et seq.), the Securities and Exchange Commission (‘‘Commission’’) has submitted to the Office of Management and Budget this request for extension of the previously approved collection of information discussed below. Schedule 13E–4F (17 CFR 240.13e102) may be used by an issuer that is incorporated or organized under the laws of Canada to make a cash tender or exchange offer for the issuer’s own securities if less than 40 percent of the class of such issuer’s securities outstanding that are the subject of the tender offer is held by U.S. holders. The information collected must be filed with the Commission and is publicly available. We estimate that it takes approximately 2 hours per response to prepare Schedule 13E–4F and that the information is filed by approximately 3 respondents annually for a total annual reporting burden of 6 hours (2 hours per response × 3 responses). An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays a currently valid control number. The public may view the background documentation for this information collection at the following Web site, www.reginfo.gov. Comments should be directed to: (i) Desk Officer for the Securities and Exchange Commission, Office of Information and Regulatory Affairs, Office of Management and Budget, Room 10102, New Executive Office Building, Washington, DC 20503, or by sending an email to: Shagufta_ Ahmed@omb.eop.gov; and (ii) Pamela Dyson, Director/Chief Information Officer, Securities and Exchange Commission, c/o Remi Pavlik-Simon, 100 F Street NE., Washington, DC 20549 or send an email to: PRA_Mailbox@ sec.gov. Comments must be submitted to OMB within 30 days of this notice. VerDate Sep<11>2014 19:39 Jul 18, 2016 Jkt 238001 SECURITIES AND EXCHANGE COMMISSION 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 Friday, July 22, 2016 at 10:30 a.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 respondent Thomas C. Gonnella. On November 13, 2014, the ALJ found that Respondent violated antifraud provisions, and aided and abetted and caused violations of recordkeeping provisions, of the securities laws while associated with Barclays, a dually registered broker-dealer and investment adviser. Specifically, the ALJ found that Respondent engaged in a fraudulent trading scheme in order to avoid agedinventory charges that were implemented under Barclays’s internal policy and yet retain the securities that were subject to the policy. The ALJ also found that Gonnella’s failure to record the transactions properly caused Barclays’s books and records to be incomplete and inaccurate and that Gonnella therefore aided and abetted and was a cause of recordkeeping violations. For these violations, the ALJ suspended Respondent from the securities industry and from participation in penny stock offerings for twelve months, entered a cease-anddesist order, and assessed a civil money penalty of $82,500. The Division of Enforcement appealed the suspension, and Respondent crossappealed the findings of violations and sanctions imposed. The issues likely to be considered at oral argument include, among other things, whether Respondent violated the securities laws and, if so, what sanction, if any, is appropriate in the public interest. For further information, please contact Brent J. Fields from the Office of the Secretary at (202) 551–5400. Dated: July 15, 2016. Brent J. Fields, Secretary. [FR Doc. 2016–17167 Filed 7–15–16; 4:15 pm] BILLING CODE 8011–01–P PO 00000 Frm 00103 Fmt 4703 Sfmt 4703 [Release No. 34–78311; File No. TP 16–9) Order Granting Limited Exemptions from Exchange Act Rule 10b–17 and Rules 101 and 102 of Regulation M to PowerShares DWA Momentum & Low Volatility Rotation Portfolio Pursuant to Exchange Act Rule 10b–17(b)(2) and Rules 101(d) and 102(e) of Regulation M July 13, 2016. By letter dated July 13, 2016 (the ‘‘Letter’’), as supplemented by conversations with the staff of the Division of Trading and Markets, counsel for PowerShares ExchangeTraded Fund Trust II (the ‘‘Trust’’), on behalf of the Trust, PowerShares DWA Momentum & Low Volatility Rotation Portfolio (the ‘‘Fund’’), any national securities exchange on or through which shares issued by the Fund (‘‘Shares’’) may subsequently trade, Invesco Distributors, Inc. (the ‘‘Distributor’’), and persons or entities engaging in transactions in Shares (collectively, the ‘‘Requestors’’), requested exemptions, or interpretive or no-action relief, from Rule 10b–17 of the Securities Exchange Act of 1934, as amended (‘‘Exchange Act’’), and Rules 101 and 102 of Regulation M, in connection with secondary market transactions in Shares and the creation or redemption of aggregations of Shares of at least 50,000 shares (‘‘Creation Units’’). The Trust is registered with the Securities and Exchange Commission (‘‘Commission’’) under the Investment Company Act of 1940, as amended (‘‘1940 Act’’), as an open-end management investment company. The Fund seeks to track the performance of the underlying index, the Dorsey Wright® Multi-Factor Global Equity Index (the ‘‘Index’’). The Fund intends to operate as an ‘‘ETF of ETFs’’ by seeking to track the performance of its underlying Index through, under normal circumstances,1 investing at least 90% of its total assets 2 in up to eight ETFs 1 The term ‘‘under normal circumstances’’ includes, but is not limited to, the absence of adverse market, economic, political, or other conditions, including extreme volatility or trading halts in the securities markets or the financial markets generally; operational issues causing dissemination of inaccurate market information; or force majeure-type events, such as systems failure, natural or man-made disaster, act of God, armed conflict, act of terrorism, riot or labor disruption, or any similar intervening circumstance. 2 The remaining ten percent of the Fund’s total assets may be invested in securities (including other underlying funds) not included in the underlying Index and in money market instruments or funds that invest exclusively in money market E:\FR\FM\19JYN1.SGM 19JYN1

Agencies

[Federal Register Volume 81, Number 138 (Tuesday, July 19, 2016)]
[Notices]
[Page 46988]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-17167]


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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 Friday, July 22, 
2016 at 10:30 a.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 respondent Thomas C. 
Gonnella.
    On November 13, 2014, the ALJ found that Respondent violated 
antifraud provisions, and aided and abetted and caused violations of 
recordkeeping provisions, of the securities laws while associated with 
Barclays, a dually registered broker-dealer and investment adviser. 
Specifically, the ALJ found that Respondent engaged in a fraudulent 
trading scheme in order to avoid aged-inventory charges that were 
implemented under Barclays's internal policy and yet retain the 
securities that were subject to the policy. The ALJ also found that 
Gonnella's failure to record the transactions properly caused 
Barclays's books and records to be incomplete and inaccurate and that 
Gonnella therefore aided and abetted and was a cause of recordkeeping 
violations.
    For these violations, the ALJ suspended Respondent from the 
securities industry and from participation in penny stock offerings for 
twelve months, entered a cease-and-desist order, and assessed a civil 
money penalty of $82,500.
    The Division of Enforcement appealed the suspension, and Respondent 
cross-appealed the findings of violations and sanctions imposed. The 
issues likely to be considered at oral argument include, among other 
things, whether Respondent violated the securities laws and, if so, 
what sanction, if any, is appropriate in the public interest.
    For further information, please contact Brent J. Fields from the 
Office of the Secretary at (202) 551-5400.

     Dated: July 15, 2016.
Brent J. Fields,
Secretary.
[FR Doc. 2016-17167 Filed 7-15-16; 4:15 pm]
 BILLING CODE 8011-01-P
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