In the Matter of Sierra Resource Group, Inc.; Order of Suspension of Trading, 68492 [2016-23996]
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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
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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
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(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: 2016-23996]
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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 (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