Notice of Intention To Cancel Registrations of Certain Investment Advisers Pursuant to Section 203(H) of the Investment Advisers Act of 1940, 32469 [2024-09034]

Download as PDF Federal Register / Vol. 89, No. 82 / Friday, April 26, 2024 / Notices SECURITIES AND EXCHANGE COMMISSION [Release No. IA–6595] Notice of Intention To Cancel Registrations of Certain Investment Advisers Pursuant to Section 203(H) of the Investment Advisers Act of 1940 ddrumheller on DSK120RN23PROD with NOTICES1 April 23, 2024. Notice is given that the Securities and Exchange Commission (the ‘‘Commission’’) intends to issue an order, pursuant to section 203(h) of the Investment Advisers Act of 1940 (the ‘‘Act’’), cancelling the registrations of the investment advisers whose names appear in the attached Appendix, hereinafter referred to as the ‘‘registrants.’’ Section 203(h) of the Act provides, in pertinent part, that if the Commission finds that any person registered under section 203, or who has pending an application for registration filed under that section, is no longer in existence, is not engaged in business as an investment adviser, or is prohibited from registering as an investment adviser under section 203A, the Commission shall by order cancel the registration of such person. Each registrant listed in the attached Appendix either (a) has not filed a Form ADV amendment with the Commission as required by rule 204–1 under the Act 1 and appears to be no longer engaged in business as an investment adviser or (b) has indicated on Form ADV that it is no longer eligible to remain registered with the Commission as an investment adviser but has not filed Form ADV–W to withdraw its registration. Accordingly, the Commission believes that reasonable grounds exist for a finding that these registrants are no longer in existence, are not engaged in business as investment advisers, or are prohibited from registering as investment advisers under section 203A, and that their registrations should be cancelled pursuant to section 203(h) of the Act. Notice is also given that any interested person may, by May 20, 2024, at 5:30 p.m., submit to the Commission in writing a request for a hearing on the cancellation of the registration of any registrant listed in the attached Appendix, accompanied by a statement as to the nature of such person’s interest, the reason for such person’s request, and the issues, if any, of fact or 1 Rule 204–1 under the Act requires any adviser that is required to complete Form ADV to amend the form at least annually and to submit the amendments electronically through the Investment Adviser Registration Depository. VerDate Sep<11>2014 20:31 Apr 25, 2024 Jkt 262001 law proposed to be controverted, and the writer may request to be notified if the Commission should order a hearing thereon. Any such communication should be emailed to the Commission’s Secretary at Secretarys-Office@sec.gov. At any time after May 20, 2024, the Commission may issue an order or orders cancelling the registrations of any or all of the registrants listed in the attached Appendix, upon the basis of the information stated above, unless an order or orders for a hearing on the cancellation shall be issued upon request or upon the Commission’s own motion. Persons who requested a hearing, or who requested to be advised as to whether a hearing is ordered, will receive any notices and orders issued in this matter, including the date of the hearing (if ordered) and any postponements thereof. Any registrant whose registration is cancelled under delegated authority may appeal that decision directly to the Commission in accordance with rules 430 and 431 of the Commission’s rules of practice (17 CFR 201.430 and 431). The Commission: Secretarys-Office@sec.gov. ADDRESSES: FOR FURTHER INFORMATION CONTACT: Matthew Cook, Senior Counsel, at 202– 551–6825; Division of Investment Management, Chief Counsel’s Office, 100 F Street NE, Washington, DC 20549–8549. For the Commission, by the Division of Investment Management, pursuant to delegated authority.2 Sherry R. Haywood, Assistant Secretary. Appendix SEC No. Full legal name 801–64406 ..... 801–108976 ... SUNBRIDGE MANAGEMENT INC. TIMESWELL LLC. [FR Doc. 2024–09034 Filed 4–25–24; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–100009; File No. SR–OCC– 2024–001] Self-Regulatory Organizations; Options Clearing Corporation; Order Instituting Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change by the Options Clearing Corporation Concerning Its Process for Adjusting Certain Parameters in Its Proprietary System for Calculating Margin Requirements During Periods When the Products It Clears and the Markets It Serves Experience High Volatility April 22, 2024. I. Introduction On January 10, 2024, the Options Clearing Corporation (‘‘OCC’’) filed with the Securities and Exchange Commission (‘‘Commission’’) the proposed rule change SR–OCC–2024– 001 pursuant to Section 19(b) of the Securities Exchange Act of 1934 (‘‘Exchange Act’’) 1 and Rule 19b–4 2 thereunder to codify OCC’s process for adjusting certain parameters in its proprietary system for calculating margin requirements during periods when the products OCC clears and the markets it serves experience high volatility.3 The proposed rule change was published for public comment in the Federal Register on January 25, 2024.4 The Commission has received comments regarding the proposed rule change.5 On February 23, 2024, pursuant to Section 19(b)(2) of the Exchange Act,6 the Commission designated a longer period within which to approve, disapprove, or institute proceedings to determine whether to approve or disapprove the proposed rule change.7 This order institutes proceedings, pursuant to Section 19(b)(2)(B) of the Exchange Act,8 to determine whether to approve or disapprove the proposed rule change (hereinafter defined as ‘‘Proposed Rule Change’’). 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 See Notice of Filing infra note 4, at 89 FR 5062. 4 Securities Exchange Act Release No. 99393 (Jan. 19, 2024), 89 FR 5062 (Jan. 25, 2024) (File No. SR– OCC–2024–001) (‘‘Notice of Filing’’). 5 Comments on the proposed rule change are available at https://www.sec.gov/comments/sr-occ2024-001/srocc2024001.htm. 6 15 U.S.C. 78s(b)(2). 7 Securities Exchange Act Release No. 99594 (Feb. 23, 2024), 89 FR 14909 (Feb. 29, 2024) (File No. SR– OCC–2024–001). 8 15 U.S.C. 78s(b)(2)(B). 2 17 2 17 PO 00000 CFR 200.30–5(e)(2). Frm 00079 Fmt 4703 32469 Sfmt 4703 E:\FR\FM\26APN1.SGM 26APN1

Agencies

SECURITIES AND EXCHANGE COMMISSION

[Federal Register Volume 89, Number 82 (Friday, April 26, 2024)]
[Notices]
[Page 32469]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-09034]



[[Page 32469]]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. IA-6595]


Notice of Intention To Cancel Registrations of Certain Investment 
Advisers Pursuant to Section 203(H) of the Investment Advisers Act of 
1940

April 23, 2024.
    Notice is given that the Securities and Exchange Commission (the 
``Commission'') intends to issue an order, pursuant to section 203(h) 
of the Investment Advisers Act of 1940 (the ``Act''), cancelling the 
registrations of the investment advisers whose names appear in the 
attached Appendix, hereinafter referred to as the ``registrants.''
    Section 203(h) of the Act provides, in pertinent part, that if the 
Commission finds that any person registered under section 203, or who 
has pending an application for registration filed under that section, 
is no longer in existence, is not engaged in business as an investment 
adviser, or is prohibited from registering as an investment adviser 
under section 203A, the Commission shall by order cancel the 
registration of such person.
    Each registrant listed in the attached Appendix either (a) has not 
filed a Form ADV amendment with the Commission as required by rule 204-
1 under the Act \1\ and appears to be no longer engaged in business as 
an investment adviser or (b) has indicated on Form ADV that it is no 
longer eligible to remain registered with the Commission as an 
investment adviser but has not filed Form ADV-W to withdraw its 
registration. Accordingly, the Commission believes that reasonable 
grounds exist for a finding that these registrants are no longer in 
existence, are not engaged in business as investment advisers, or are 
prohibited from registering as investment advisers under section 203A, 
and that their registrations should be cancelled pursuant to section 
203(h) of the Act.
---------------------------------------------------------------------------

    \1\ Rule 204-1 under the Act requires any adviser that is 
required to complete Form ADV to amend the form at least annually 
and to submit the amendments electronically through the Investment 
Adviser Registration Depository.
---------------------------------------------------------------------------

    Notice is also given that any interested person may, by May 20, 
2024, at 5:30 p.m., submit to the Commission in writing a request for a 
hearing on the cancellation of the registration of any registrant 
listed in the attached Appendix, accompanied by a statement as to the 
nature of such person's interest, the reason for such person's request, 
and the issues, if any, of fact or law proposed to be controverted, and 
the writer may request to be notified if the Commission should order a 
hearing thereon. Any such communication should be emailed to the 
Commission's Secretary at [email protected].
    At any time after May 20, 2024, the Commission may issue an order 
or orders cancelling the registrations of any or all of the registrants 
listed in the attached Appendix, upon the basis of the information 
stated above, unless an order or orders for a hearing on the 
cancellation shall be issued upon request or upon the Commission's own 
motion. Persons who requested a hearing, or who requested to be advised 
as to whether a hearing is ordered, will receive any notices and orders 
issued in this matter, including the date of the hearing (if ordered) 
and any postponements thereof. Any registrant whose registration is 
cancelled under delegated authority may appeal that decision directly 
to the Commission in accordance with rules 430 and 431 of the 
Commission's rules of practice (17 CFR 201.430 and 431).

ADDRESSES: The Commission: [email protected].

FOR FURTHER INFORMATION CONTACT: Matthew Cook, Senior Counsel, at 202-
551-6825; Division of Investment Management, Chief Counsel's Office, 
100 F Street NE, Washington, DC 20549-8549.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.\2\
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    \2\ 17 CFR 200.30-5(e)(2).
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Sherry R. Haywood,
Assistant Secretary.

Appendix

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                  SEC No.                          Full legal name
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801-64406.................................  SUNBRIDGE MANAGEMENT INC.
801-108976................................  TIMESWELL LLC.
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[FR Doc. 2024-09034 Filed 4-25-24; 8:45 am]
BILLING CODE 8011-01-P

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