80 FR 16044 - Sunshine Act Meeting
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 80, Issue 58 (March 26, 2015)
Federal Register Volume 80, Issue 58 (March 26, 2015)
| Page Range | 16044-16044 | |
| FR Document | 2015-07048 |
[Federal Register Volume 80, Number 58 (Thursday, March 26, 2015)] [Notices] [Page 16044] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-07048] ----------------------------------------------------------------------- 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 March 30, 2015, at 10:30 a.m., in Room 10800 at the Commission's headquarters building, to hear oral argument in cross-appeals by Francis V. Lorenzo and the Division of Enforcement from an initial decision of an administrative law judge. On December 31, 2013, the law judge found that Lorenzo violated the antifraud provisions of Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934, and Exchange Act Rule 10b-5 when he sent two potential investors emails containing false and misleading information about his firm's client. The law judge ordered Lorenzo to cease and desist from violations of the antifraud provisions, barred him from the securities industry, and ordered him to pay a civil money penalty of $15,000. The issues likely to be considered at oral argument include whether Lorenzo violated the antifraud provisions as alleged and, if so, the extent to which he should be sanctioned for those violations. The duty officer determined that no earlier notice thereof was possible. For further information, please contact the Office of the Secretary at (202) 551-5400. Dated: March 24, 2015. Brent J. Fields. Secretary. [FR Doc. 2015-07048 Filed 3-24-15; 4:15 pm] BILLING CODE 8011-01-P
![16044 Federal Register / Vol. 80, No. 58 / Thursday, March 26, 2015 / Notices
reports since the period ending SECURITIES AND EXCHANGE scale for transaction fees to: (i) Adopt
September 30, 2008, or any reports since COMMISSION transaction fees for non-Penny Pilot
June 2011. options classes; and (ii) provide for
The Commission is of the opinion that [Release No. 34–74555; File No. SR–MIAX–
2015–20]
additional incentives for achieving
the public interest and the protection of certain Priority Customer Rebate
investors require a suspension of trading Self-Regulatory Organizations; Miami Program volume tiers.
in the securities of Winsonic. International Securities Exchange, The sliding scale for MIAX Market
Therefore, it is ordered, pursuant to LLC; Notice of Filing and Immediate Maker transaction fees is based on the
Section 12(k) of the Securities Exchange Effectiveness of a Proposed Rule substantially similar fees of the Chicago
Act of 1934, that trading in the Change To Amend Its Fee Schedule Board Options Exchange, Incorporated
securities of Winsonic is suspended for (‘‘CBOE’’).4 Currently, the program
the period from 9:30 a.m. EDT on March March 20, 2015. reduces a MIAX Market Maker’s per
24, 2015, through 11:59 p.m. EDT on Pursuant to Section 19(b)(1) of the contract transaction fee based on
April 7, 2015. Securities Exchange Act of 1934 percentages of total national Market
By the Commission. (‘‘Act’’),1 and Rule 19b–4 thereunder,2 Maker volume of any options classes
Jill M. Peterson,
notice is hereby given that on March 11, that trade on the exchange during the
2015, Miami International Securities calendar month, based on the following
Assistant Secretary.
Exchange LLC (‘‘MIAX’’ or ‘‘Exchange’’) scale:
[FR Doc. 2015–07040 Filed 3–24–15; 4:15 pm]
filed with the Securities and Exchange
BILLING CODE 8011–01–P Commission (‘‘SEC’’ or ‘‘Commission’’) Percentage of Transaction
the proposed rule change as described Tier national Market fee per
Maker volume contract
in Items I, II, and III below, which Items
SECURITIES AND EXCHANGE have been prepared by the Exchange.
COMMISSION 1 ........ 0.00%–0.05% ............ $0.25
The Commission is publishing this 2 ........ Above 0.05%–0.50% 0.17
Sunshine Act Meeting notice to solicit comments on the 3 ........ Above 0.50%–0.80% 0.12
proposed rule change from interested 4 ........ Above 0.80%–1.50% 0.07
Notice is hereby given, pursuant to persons. 5 ........ Above 1.50% ............. 0.05
the provisions of the Government in the
Sunshine Act, Public Law 94–409, that I. Self-Regulatory Organization’s The Exchange proposes to amend its
the Securities and Exchange Statement of the Terms of Substance of current MIAX Market Maker sliding
Commission will hold an Open Meeting the Proposed Rule Change scale for transactions to adopt
on March 30, 2015, at 10:30 a.m., in The Exchange is filing a proposal to transaction fees for non-Penny Pilot
Room 10800 at the Commission’s amend the MIAX Options Fee Schedule. options classes. Specifically, the
headquarters building, to hear oral The text of the proposed rule change Exchange proposes to reduce a MIAX
argument in cross-appeals by Francis V. is available on the Exchange’s Web site Market Maker’s per contract transaction
Lorenzo and the Division of at http://www.miaxoptions.com/filter/ fee based on percentages of total
Enforcement from an initial decision of wotitle/rule_filing, at MIAX’s principal national Market Maker volume of any
an administrative law judge. office, and at the Commission’s Public options classes that trade on the
On December 31, 2013, the law judge Reference Room. exchange during the calendar month,
found that Lorenzo violated the based on the following scale:
II. Self-Regulatory Organization’s
antifraud provisions of Section 17(a) of Statement of the Purpose of, and
the Securities Act of 1933, Section 10(b) Non-Penny
Statutory Basis for, the Proposed Rule Percentage of Pilot classes
of the Securities Exchange Act of 1934, Change Tier national Market transaction
and Exchange Act Rule 10b–5 when he Maker volume fee per
sent two potential investors emails In its filing with the Commission, the contract
containing false and misleading Exchange included statements
information about his firm’s client. The concerning the purpose of and basis for 1 ........ 0.00%–0.05% ............ $0.29
law judge ordered Lorenzo to cease and the proposed rule change and discussed 2 ........ Above 0.05%–0.50% 0.21
any comments it received on the 3 ........ Above 0.50%–0.80% 0.16
desist from violations of the antifraud
proposed rule change. The text of these 4 ........ Above 0.80%–1.50% 0.11
provisions, barred him from the 5 ........ Above 1.50% ............. 0.09
securities industry, and ordered him to statements may be examined at the
pay a civil money penalty of $15,000. places specified in Item IV below. The
The proposed sliding scale would
The issues likely to be considered at Exchange has prepared summaries, set
apply to all MIAX Market Makers for
oral argument include whether Lorenzo forth in sections A, B, and C below, of
transactions in all non-Penny Pilot
violated the antifraud provisions as the most significant aspects of such
options classes except mini-options. A
alleged and, if so, the extent to which statements.
MIAX Market Maker’s initial $0.29 per
he should be sanctioned for those A. Self-Regulatory Organization’s contract rate will be reduced if the
violations. Statement of the Purpose of, and MIAX Market Maker reaches the volume
The duty officer determined that no Statutory Basis for, the Proposed Rule thresholds set forth in the sliding scale
earlier notice thereof was possible. For Change
further information, please contact the Maker including RMM, LMM, PLMM, DLMM, and
mstockstill on DSK4VPTVN1PROD with NOTICES
Office of the Secretary at (202) 551– 1. Purpose DPLMM.
5400. The Exchange proposes to amend its 4 See Securities Exchange Act Release Nos. 55193
current MIAX Market Maker 3 sliding (January 30, 2007), 72 FR 5476 (February 6, 2007)
Dated: March 24, 2015. (SR–CBOE–2006–111); 57191 (January 24, 2008), 73
Brent J. Fields. FR 5611 (January 30, 2008); 58321 (August 6, 2008),
1 15 U.S.C. 78s(b)(1).
Secretary. 73 FR 46955 (SR–CBOE–2008–78). See also CBOE
2 17 CFR 240.19b–4. Fees Schedule, p. 3. The Exchange notes that CBOE
[FR Doc. 2015–07048 Filed 3–24–15; 4:15 pm] 3 ‘‘MIAX Market Maker’’ for purposes of the does not charge market makers a differentiated
BILLING CODE 8011–01–P proposed sliding scale means any MIAX Market transaction fee for non-Penny Pilot option classes.
VerDate Sep<11>2014 18:55 Mar 25, 2015 Jkt 235001 PO 00000 Frm 00066 Fmt 4703 Sfmt 4703 E:\FR\FM\26MRN1.SGM 26MRN1](https://thefederalregister.org/doc/80_FR_16102/page/1.svg)
Document Created: 2015-12-18 11:46:47
Document Modified: 2015-12-18 11:46:47
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| FR Citation | 80 FR 16044 |
2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR