Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change Relating to FINRA Rule 2232 (Customer Confirmations) To Require Members To Disclose Additional Pricing Information on Retail Customer Confirmations Relating to Transactions in Fixed Income Securities, 68492 [2016-23905]

Download as PDF 68492 Federal Register / Vol. 81, No. 192 / Tuesday, October 4, 2016 / Notices SECURITIES AND EXCHANGE COMMISSION [Release No. 34–78965; File No. SR–FINRA– 2016–032] Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change Relating to FINRA Rule 2232 (Customer Confirmations) To Require Members To Disclose Additional Pricing Information on Retail Customer Confirmations Relating to Transactions in Fixed Income Securities September 28, 2016. On August 12, 2016, Financial Industry Regulatory Authority, Inc. (‘‘FINRA’’) filed with the Securities and Exchange Commission (‘‘Commission’’), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’) 1 and Rule 19b–4 thereunder,2 a proposed rule change to amend FINRA Rule 2232 to require its members to disclose additional pricing information on retail customer confirmations relating to transactions in fixed income securities. The proposed rule change was published for comment in the Federal Register on August 19, 2016.3 The Commission has received nine comments on the proposal.4 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 See Securities Exchange Act Release No. 78573 (Aug. 15, 2016), 81 FR 55500. 4 See Letter from Manisha Kimmel, Chief Regulatory Officer, Wealth Management, Thomson Reuters to Brent J. Fields, Secretary, Securities and Exchange Commission (Sept. 19, 2016); Letter from Mary Lou Von Kaenel, Managing Director, Financial Information Forum to Robert W. Errett, Deputy Secretary, Securities and Exchange Commission (Sept. 9, 2016); Letter from Sean Davy, Managing Director, Capital Markets Division and Leslie M. Norwood, Managing Director and Associate General Counsel, Municipal Securities Division, SIFMA to Robert W. Errett, Deputy Secretary, Securities and Exchange Commission (Sept. 9, 2016); Letter from Norman L. Ashkenas, Chief Compliance Officer, Fidelity Brokerage Services, LLC and Richard J. O’Brien, Chief Compliance Officer, National Financial Services, LLC to Brent J. Fields, Secretary, Securities and Exchange Commission (Sept. 9, 2016); Letter from Mike Nicholas, Chief Executive Officer, Bond Dealers of America to Brent J. Fields, Secretary, Securities and Exchange Commission (Sept. 9, 2016); Letter from Robert J. McCarthy, Director of Regulatory Policy, Wells Fargo Advisors, LLC to Robert W. Errett, Deputy Secretary, Securities and Exchange Commission (Sept. 9, 2016); Letter from Scott A. Eichhorn, Practitioner in Residence and Supervising Attorney, Investor Rights Clinic, University of Miami, et al., to Brent Fields, Secretary, Securities and Exchange Commission (Sept. 8, 2016); Letter from Manisha Kimmel, Chief Regulatory Officer, Wealth Management, Thomson Reuters to Brent J. Fields, Secretary, Securities and Exchange Commission (Sept. 8, 2016); and Letter from Hugh Berkson, President, PIABA to Robert W. Errett, Deputy mstockstill on DSK3G9T082PROD with NOTICES 2 17 VerDate Sep<11>2014 19:01 Oct 03, 2016 Jkt 241001 Section 19(b)(2) of the Act 5 provides that within 45 days of the publication of notice of the filing of a proposed rule change, or within such longer period up to 90 days as the Commission may designate if it finds such longer period to be appropriate and publishes its reasons for so finding, or as to which the self-regulatory organization consents, the Commission shall either approve the proposed rule change, disapprove the proposed rule change, or institute proceedings to determine whether the proposed rule change should be disapproved. The 45th day after publication of the notice for this proposed rule change is October 3, 2016. The Commission is extending this 45-day time period. The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider this proposed rule change. Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act,6 designates November 17, 2016, as the date by which the Commission shall either approve or disapprove, or institute proceedings to determine whether to disapprove, the proposed rule change (File No. SR–FINRA–2016– 032). For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.7 Robert W. Errett, Deputy Secretary. [FR Doc. 2016–23905 Filed 10–3–16; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [File No. 500–1] In the Matter of Sierra Resource Group, Inc.; Order of Suspension of Trading September 29, 2016. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Sierra Resource Group, Inc. (CIK No. 1076966) because it has not filed a periodic report since it filed its Form 10–Q for the period ending September 30, 2013, filed on November 19, 2013. Sierra Resource Group, Inc. is a Nevada corporation with its principal offices in Las Vegas, Nevada. The company’s common stock (ticker ‘‘SIRG’’) is quoted on OTC Link Secretary, Securities and Exchange Commission (Sept. 7, 2016). 5 15 U.S.C. 78s(b)(2). 6 Id. 7 17 CFR 200.30–3(a)(31). PO 00000 Frm 00095 Fmt 4703 Sfmt 4703 (previously ‘‘Pink Sheets’’) operated by OTC Markets Group, Inc. The Commission is of the opinion that the public interest and the protection of investors require a suspension of trading in the securities of Sierra Resource Group, Inc. Therefore, it is ordered, pursuant to Section 12(k) of the Securities Exchange Act of 1934, that trading in the securities of Sierra Resource Group, Inc. is suspended for the period from 9:30 a.m. EDT on September 29, 2016, through 11:59 p.m. EDT on October 12, 2016. By the Commission. Brent J. Fields, Secretary. [FR Doc. 2016–23996 Filed 9–29–16; 4:15 pm] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [File No. 500–1] In the Matter of Rainbow International, Corp., a/k/a Raintree Brands Incorporated; Order of Suspension of Trading September 30, 2016. It appears to the Securities and Exchange Commission (‘‘Commission’’) that there is a lack of current and accurate information concerning the securities of Rainbow International, Corp. (CIK No. 0001522538) (‘‘Rainbow’’) because Rainbow has confirmed for the Commission staff that the company is no longer operating. In addition, there is a lack of accurate information concerning the securities of Rainbow because in Form 8–Ks filed with the Commission on May 5, 2014, May 12, 2014, and Sept. 4, 2014 by Rainbow, the company appears to have made false and misleading statements concerning, among other things, a purported acquisition, company business relationships, its purported development of products, purported rental revenues, and a purported purchase of company shares by a company officer. The company appears not to have made any information publicly available about itself for approximately two years. Rainbow, also known as Raintree Brands Incorporated, is a Nevada corporation in default whose principal place of business is listed as Centennial, Colorado. Rainbow shares are quoted on OTC Link, operated by OTC Markets Group, Inc., under the ticker symbol ‘‘RNBI.’’ The Commission is of the opinion that the public interest and the protection of investors require a suspension of trading in the securities of Rainbow. E:\FR\FM\04OCN1.SGM 04OCN1

Agencies

[Federal Register Volume 81, Number 192 (Tuesday, October 4, 2016)]
[Notices]
[Page 68492]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-23905]



[[Page 68492]]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-78965; File No. SR-FINRA-2016-032]


Self-Regulatory Organizations; Financial Industry Regulatory 
Authority, Inc.; Notice of Designation of a Longer Period for 
Commission Action on Proposed Rule Change Relating to FINRA Rule 2232 
(Customer Confirmations) To Require Members To Disclose Additional 
Pricing Information on Retail Customer Confirmations Relating to 
Transactions in Fixed Income Securities

September 28, 2016.
    On August 12, 2016, Financial Industry Regulatory Authority, Inc. 
(``FINRA'') filed with the Securities and Exchange Commission 
(``Commission''), pursuant to Section 19(b)(1) of the Securities 
Exchange Act of 1934 (``Act'') \1\ and Rule 19b-4 thereunder,\2\ a 
proposed rule change to amend FINRA Rule 2232 to require its members to 
disclose additional pricing information on retail customer 
confirmations relating to transactions in fixed income securities. The 
proposed rule change was published for comment in the Federal Register 
on August 19, 2016.\3\ The Commission has received nine comments on the 
proposal.\4\
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 78573 (Aug. 15, 
2016), 81 FR 55500.
    \4\ See Letter from Manisha Kimmel, Chief Regulatory Officer, 
Wealth Management, Thomson Reuters to Brent J. Fields, Secretary, 
Securities and Exchange Commission (Sept. 19, 2016); Letter from 
Mary Lou Von Kaenel, Managing Director, Financial Information Forum 
to Robert W. Errett, Deputy Secretary, Securities and Exchange 
Commission (Sept. 9, 2016); Letter from Sean Davy, Managing 
Director, Capital Markets Division and Leslie M. Norwood, Managing 
Director and Associate General Counsel, Municipal Securities 
Division, SIFMA to Robert W. Errett, Deputy Secretary, Securities 
and Exchange Commission (Sept. 9, 2016); Letter from Norman L. 
Ashkenas, Chief Compliance Officer, Fidelity Brokerage Services, LLC 
and Richard J. O'Brien, Chief Compliance Officer, National Financial 
Services, LLC to Brent J. Fields, Secretary, Securities and Exchange 
Commission (Sept. 9, 2016); Letter from Mike Nicholas, Chief 
Executive Officer, Bond Dealers of America to Brent J. Fields, 
Secretary, Securities and Exchange Commission (Sept. 9, 2016); 
Letter from Robert J. McCarthy, Director of Regulatory Policy, Wells 
Fargo Advisors, LLC to Robert W. Errett, Deputy Secretary, 
Securities and Exchange Commission (Sept. 9, 2016); Letter from 
Scott A. Eichhorn, Practitioner in Residence and Supervising 
Attorney, Investor Rights Clinic, University of Miami, et al., to 
Brent Fields, Secretary, Securities and Exchange Commission (Sept. 
8, 2016); Letter from Manisha Kimmel, Chief Regulatory Officer, 
Wealth Management, Thomson Reuters to Brent J. Fields, Secretary, 
Securities and Exchange Commission (Sept. 8, 2016); and Letter from 
Hugh Berkson, President, PIABA to Robert W. Errett, Deputy 
Secretary, Securities and Exchange Commission (Sept. 7, 2016).
---------------------------------------------------------------------------

    Section 19(b)(2) of the Act \5\ provides that within 45 days of the 
publication of notice of the filing of a proposed rule change, or 
within such longer period up to 90 days as the Commission may designate 
if it finds such longer period to be appropriate and publishes its 
reasons for so finding, or as to which the self-regulatory organization 
consents, the Commission shall either approve the proposed rule change, 
disapprove the proposed rule change, or institute proceedings to 
determine whether the proposed rule change should be disapproved. The 
45th day after publication of the notice for this proposed rule change 
is October 3, 2016. The Commission is extending this 45-day time 
period.
---------------------------------------------------------------------------

    \5\ 15 U.S.C. 78s(b)(2).
---------------------------------------------------------------------------

    The Commission finds it appropriate to designate a longer period 
within which to take action on the proposed rule change so that it has 
sufficient time to consider this proposed rule change. Accordingly, the 
Commission, pursuant to Section 19(b)(2) of the Act,\6\ designates 
November 17, 2016, as the date by which the Commission shall either 
approve or disapprove, or institute proceedings to determine whether to 
disapprove, the proposed rule change (File No. SR-FINRA-2016-032).
---------------------------------------------------------------------------

    \6\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\7\
---------------------------------------------------------------------------

    \7\ 17 CFR 200.30-3(a)(31).
---------------------------------------------------------------------------

Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016-23905 Filed 10-3-16; 8:45 am]
 BILLING CODE 8011-01-P
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