80 FR 22761 - ForceField Energy Inc.; Order of Suspension of Trading

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 78 (April 23, 2015)

Page Range		22761-22762
FR Document		2015-09555

Federal Register, Volume 80 Issue 78 (Thursday, April 23, 2015)

[Federal Register Volume 80, Number 78 (Thursday, April 23, 2015)]
[Notices]
[Pages 22761-22762]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-09555]


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SECURITIES AND EXCHANGE COMMISSION

[File No. 500-1]


 ForceField Energy Inc.; Order of Suspension of Trading

April 21, 2015.
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
ForceField Energy Inc. (``FNRG'') because of concerns about the 
adequacy and accuracy of information available to investors concerning 
the funding of recent articles and promotions touting FNRG, including 
for example in articles published on December 9, 2014 and February 26, 
2015. Questions have also arisen concerning potential manipulative 
activity of FNRG's stock, including transactions between February 25 
and April 2, 2015 and the funding of those transactions. FNRG is a 
Nevada corporation with its principal office in New York, New York. It 
is listed on NASDAQ under the symbol FNRG.
    The Commission is of the opinion that the public interest and the 
protection of investors require a suspension of trading in the 
securities of the above-listed company.
    Therefore, it is ordered, pursuant to Section 12(k) of the 
Securities Exchange Act of 1934, that trading in the securities of the 
above-listed company is suspended for the period from 9:30 a.m. EDT on 
April 21, 2015 through 11:59 p.m. EDT, on May 4, 2015.


[[Page 22762]]


    By the Commission.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2015-09555 Filed 4-21-15; 4:15 pm]
 BILLING CODE 8011-01-P

Federal Register / Vol. 80, No. 78 / Thursday, April 23, 2015 / Notices 22761

Exchange believes the proposed changes fee, or other charge imposed by the filing also will be available for
to the ACE Program are consistent with Exchange. inspection and copying at the principal
the Act because they may attract greater At any time within 60 days of the offices of the Exchange. All comments
volume and liquidity to the Exchange, filing of such proposed rule change, the received will be posted without change;
which would benefit all market Commission summarily may the Commission does not edit personal
participants by providing tighter temporarily suspend such rule change if identifying information from
quoting and better prices, all of which it appears to the Commission that such submissions. You should submit only
perfects the mechanism for a free and action is necessary or appropriate in the information that you wish to make
open market and national market public interest, for the protection of available publicly. All submissions
system. investors, or otherwise in furtherance of
should refer to File Number SR–
the purposes of the Act. If the
For these reasons, the Exchange NYSEMKT–2015–29, and should be
Commission takes such action, the
believes that the proposal is consistent submitted on or before May 14, 2015.
Commission shall institute proceedings
with the Act.
under Section 19(b)(2)(B) 17 of the Act to For the Commission, by the Division of
B. Self-Regulatory Organization’s determine whether the proposed rule Trading and Markets, pursuant to delegated
Statement on Burden on Competition change should be approved or authority.18
disapproved. Brent J. Fields,
In accordance with Section 6(b)(8) of
IV. Solicitation of Comments Secretary.
the Act,14 the Exchange does not believe
that the proposed rule change will [FR Doc. 2015–09428 Filed 4–22–15; 8:45 am]
Interested persons are invited to
impose any burden on competition that submit written data, views, and BILLING CODE 8011–01–P
is not necessary or appropriate in arguments concerning the foregoing,
furtherance of the purposes of the Act. including whether the proposed rule
The Exchange believes the proposed change is consistent with the Act. SECURITIES AND EXCHANGE
amendments to the ACE Program are Comments may be submitted by any of COMMISSION
pro-competitive as the proposed the following methods:
reduced volume thresholds and [File No. 500–1]
Electronic Comments
increased rebates may encourage OFPs
to direct Customer order flow to the • Use the Commission’s Internet ForceField Energy Inc.; Order of
Exchange and any resulting increase in comment form (http://www.sec.gov/ Suspension of Trading
volume and liquidity to the Exchange rules/sro.shtml); or
would benefit all of Exchange • Send an email to rule-comments@ April 21, 2015.
participants through increased sec.gov. Please include File Number SR– It appears to the Securities and
opportunities to trade as well as NYSEMKT–2015–29 on the subject line. Exchange Commission that there is a
enhancing price discovery. Paper Comments lack of current and accurate information
The Exchange notes that it operates in concerning the securities of ForceField
• Send paper comments in triplicate
a highly competitive market in which to Secretary, Securities and Exchange Energy Inc. (‘‘FNRG’’) because of
market participants can readily favor Commission, 100 F Street NE., concerns about the adequacy and
competing venues. In such an Washington, DC 20549–1090. accuracy of information available to
environment, the Exchange must investors concerning the funding of
All submissions should refer to File
continually review, and consider recent articles and promotions touting
Number SR–NYSEMKT–2015–29. This
adjusting, its fees and credits to remain file number should be included on the FNRG, including for example in articles
competitive with other exchanges. For subject line if email is used. To help the published on December 9, 2014 and
the reasons described above, the Commission process and review your February 26, 2015. Questions have also
Exchange believes that the proposed comments more efficiently, please use arisen concerning potential
rule change reflects this competitive only one method. The Commission will manipulative activity of FNRG’s stock,
environment. post all comments on the Commission’s including transactions between
C. Self-Regulatory Organization’s Internet Web site (http://www.sec.gov/ February 25 and April 2, 2015 and the
Statement on Comments on the rules/sro.shtml). Copies of the funding of those transactions. FNRG is
Proposed Rule Change Received From submission, all subsequent a Nevada corporation with its principal
Members, Participants, or Others amendments, all written statements office in New York, New York. It is
with respect to the proposed rule listed on NASDAQ under the symbol
No written comments were solicited change that are filed with the FNRG.
or received with respect to the proposed Commission, and all written The Commission is of the opinion that
rule change. communications relating to the the public interest and the protection of
III. Date of Effectiveness of the proposed rule change between the investors require a suspension of trading
Proposed Rule Change and Timing for Commission and any person, other than in the securities of the above-listed
Commission Action those that may be withheld from the company.
public in accordance with the
The foregoing rule change is effective provisions of 5 U.S.C. 552, will be Therefore, it is ordered, pursuant to
Section 12(k) of the Securities Exchange
mstockstill on DSK4VPTVN1PROD with NOTICES

upon filing pursuant to Section available for Web site viewing and
19(b)(3)(A) 15 of the Act and printing in the Commission’s Public Act of 1934, that trading in the
subparagraph (f)(2) of Rule 19b–4 16 Reference Room, 100 F Street NE., securities of the above-listed company is
thereunder, because it establishes a due, Washington, DC 20549 on official suspended for the period from 9:30 a.m.
business days between the hours of EDT on April 21, 2015 through 11:59
14 15 U.S.C. 78f(b)(8). 10:00 a.m. and 3:00 p.m. Copies of such p.m. EDT, on May 4, 2015.
15 15 U.S.C. 78s(b)(3)(A).
16 17 CFR 240.19b–4(f)(2). 17 15 U.S.C. 78s(b)(2)(B). 18 17 CFR 200.30–3(a)(12).

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22762 Federal Register / Vol. 80, No. 78 / Thursday, April 23, 2015 / Notices

By the Commission. which to take action on the proposed and the Delegation of Certain Functions
Jill M. Peterson, rule change so that it has sufficient time and Authorities under IFCA, 78 FR
Assistant Secretary. to consider the proposed rule change 35545 (June 13, 2013), I determine that
[FR Doc. 2015–09555 Filed 4–21–15; 4:15 pm] and the comments received. it is vital to the national security of the
BILLING CODE 8011–01–P Accordingly, the Commission, pursuant United States to waive the imposition of
to Section 19(b)(2) of the Act,6 sanctions pursuant to:
designates June 8, 2015, as the date by 1. Section 1244(c)(1) of IFCA 1 to the
SECURITIES AND EXCHANGE which the Commission shall either extent required for:
COMMISSION approve or disapprove, or institute a. Transactions involving the
proceedings to determine whether to provision of ground connectivity
[Release No. 34–74755; File No. SR–
NYSEArca–2015–02] disapprove, the proposed rule change services using earth stations and fiber
(File No. SR–NYSEArca–2015–02). optic connections outside of Iran and
Self-Regulatory Organizations; NYSE For the Commission, by the Division of the provision and management of
Arca, Inc.; Notice of Designation of a Trading and Markets, pursuant to delegated satellite capacity for sale or resale to the
Longer Period for Commission Action authority.7 Islamic Republic of Iran Broadcasting
on Proposed Rule Change To Amend Brent J. Fields, (IRIB), where such ground connectivity
NYSE Arca Equities Rule 8.600 To Secretary. services and satellite capacity are to be
Adopt Generic Listing Standards for [FR Doc. 2015–09425 Filed 4–22–15; 8:45 am]
used for the provision to Iran of public
Managed Fund Shares international telecommunications
BILLING CODE 8011–01–P
services, and
April 17, 2015. b. transactions involving the
On February 17, 2015, NYSE Arca, provision of the following related
Inc. (‘‘NYSE Arca’’ or ‘‘Exchange’’) filed DEPARTMENT OF STATE administrative services to, or for the
with the Securities and Exchange [Public Notice: 9100] benefit of, the IRIB, to the extent such
Commission (‘‘Commission’’), pursuant services are necessary to establish and
to Section 19(b)(1) of the Securities Provision of Certain Temporary maintain ground and satellite
Exchange Act of 1934 (‘‘Act’’) 1 and Rule Sanctions Relief connectivity with IRIB: Standard
19b–4 thereunder,2 a proposed rule operational support, including
change to amend NYSE Arca Equities AGENCY: Department of State.
coordinating with in-country personnel
Rule 8.600 to adopt generic listing ACTION: Notice.
on matters such as configuring ground
standards for Managed Fund Shares. and earth station equipment to access
The proposed rule change was SUMMARY: The U.S. government is
renewing temporary waivers of certain space segment capacity; marketing
published for comment in the Federal services; billing services; and legal
Register on March 10, 2015.3 The sanctions to allow for a discrete range of
transactions related to the provision of services, and excluding any transactions
Commission received three comments involving persons other than the IRIB on
on the proposal.4 satellite connectivity services to the
Islamic Republic of Iran Broadcasting the SDN List.
Section 19(b)(2) of the Act 5 provides
(IRIB). The U.S. government is renewing 2. Section 1246(a) of IFCA 2 to the
that, within 45 days of the publication
of notice of the filing of a proposed rule these waivers based on Iran’s extent required for the provision of
change, or within such longer period up commitment to ensure that harmful underwriting services or insurance or
to 90 days as the Commission may uplink satellite interference does not reinsurance for:
designate if it finds such longer period emanate from its territory, and a. Transactions involving the
to be appropriate and publishes its verification by the U.S. government that provision of ground connectivity
reasons for so finding or as to which the harmful uplink satellite interference is services using earth stations and fiber
self-regulatory organization consents, not currently emanating from the optic connections outside of Iran and
the Commission shall either approve the territory of Iran. the provision and management of
proposed rule change, disapprove the DATES: Effective Date: The effective satellite capacity for sale or resale to the
proposed rule change, or institute dates of these waiver actions are as IRIB, where such ground connectivity
proceedings to determine whether the described in the determinations set forth services and satellite capacity are to be
proposed rule change should be below. used for the provision to Iran of public
disapproved. The 45th day for this filing international telecommunications
FOR FURTHER INFORMATION CONTACT: On
is April 24, 2015. The Commission is services, and excluding any transactions
general issues: Paul Pavwoski, Office of
extending this 45-day time period. Economic Sanctions Policy and 1 Pursuant to section 1244(c)(2)(C)(iii) of IFCA,
The Commission finds it appropriate Implementation, Department of State, the relevant sanction in Section 1244(c)(1)
to designate a longer period within Telephone: (202) 647–7489. continues not to apply, by its terms, in the case of
On January 30, the Secretary of State Iranian financial institutions that have not been
1 15 U.S.C. 78s(b)(1). designated for the imposition of sanctions in
2 17
took the following actions: connection with Iran’s proliferation of weapons of
CFR 240.19b–4.
3 See Securities Exchange Act Release No. 74433
Acting under the authorities vested in mass destruction or delivery systems for weapons
(March 4, 2015), 80 FR 12690 (‘‘Notice’’). me as Secretary of State, I hereby make of mass destruction, support for international
4 See letter dated March 31, 2015 from the following determinations and terrorism, or abuses of human rights (as described
Anonymous; letter dated March 31, 2015 from certifications: in section 1244(c)(3)).
2 Pursuant to section 1246(a)(1)(C) of IFCA, the
mstockstill on DSK4VPTVN1PROD with NOTICES

Dorothy Donohue, Deputy General Counsel, Pursuant to Sections 1244(i), 1246(e)
Securities Regulation, Investment Company relevant sanction in Section 1246(a)(1)) continues
Institute, to Brent J. Fields, Secretary, Commission; and 1247(f) of the Iran Freedom and not to apply, by its terms, in the case of Iranian
and letter dated March 31, 2015 from Thomas E. Counter-Proliferation Act of 2012 financial institutions that have not been designated
Faust Jr., Chairman and Chief Executive Officer, (subtitle D of title XII of Public Law for the imposition of sanctions in connection with
Eaton Vance Corp., to Brent J. Fields, Secretary, Iran’s proliferation of weapons of mass destruction
Commission; all available at: http://www.sec.gov/
112–239, 22 U.S.C. 8801 et seq.) (IFCA) or delivery systems for weapons of mass
comments/sr-nysearca-2015-02/ destruction, support for international terrorism, or
nysearca201502.shtml. 6 Id.
abuses of human rights (as described in section
5 15 U.S.C. 78s(b)(2). 7 17 CFR 200.30–3(a)(31). 1246(b)).

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Document Created: 2015-12-16 08:41:45
Document Modified: 2015-12-16 08:41:45

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 22761