80 FR 23060 - In the Matter of First American Scientific Corp., Order of Suspension of Trading

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 79 (April 24, 2015)

Page Range		23060-23060
FR Document		2015-09685

Federal Register, Volume 80 Issue 79 (Friday, April 24, 2015)

[Federal Register Volume 80, Number 79 (Friday, April 24, 2015)]
[Notices]
[Page 23060]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-09685]


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SECURITIES AND EXCHANGE COMMISSION

[File No. 500-1]


 In the Matter of First American Scientific Corp., Order of 
Suspension of Trading

April 22, 2015.
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
First American Scientific Corp. (CIK No. 1002822), a Nevada corporation 
with its principal place of business listed as Abbotsford, British 
Columbia, Canada, with stock quoted on OTC Link (previously, ``Pink 
Sheets'') operated by OTC Markets Group, Inc. (``OTC Link'') under the 
ticker symbol FASC, because it has not filed any periodic reports since 
the period ended March 31, 2012. On May 2, 2014, First American 
Scientific Corp. received a delinquency letter sent by the Division of 
Corporation Finance requesting compliance with their periodic filing 
obligations.
    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 22, 2015, through 11:59 p.m. EDT on May 5, 2015.

    By the Commission.
Jill M. Peterson,
Secretary.
[FR Doc. 2015-09685 Filed 4-22-15; 4:15 pm]
 BILLING CODE 8011-01-P

23060 Federal Register / Vol. 80, No. 79 / Friday, April 24, 2015 / Notices

DC 20549, or send an email to: PRA_ Extension: assessment rules. The staff estimates
Mailbox@sec.gov. Rules 17h–1T and 17h–2T; SEC File No. that drafting the required organizational
270–359, OMB Control No. 3235–0410. chart requires one hour and establishing
Dated: April 20, 2015.
Brent J. Fields,
Notice is hereby given that pursuant a system for complying with the risk
to the Paperwork Reduction Act of 1995 assessment rules requires three hours.
Secretary.
(‘‘PRA’’) (44 U.S.C. 3501 et seq.), the Based on the unchanged number of
[FR Doc. 2015–09496 Filed 4–23–15; 8:45 am] filers in recent years, the staff estimates
Securities and Exchange Commission
BILLING CODE 8011–01–P (‘‘Commission’’) is soliciting comments there will be zero new respondents, and
on the existing collection of information thus, a corresponding estimated burden
provided for in Rules 17h–1T and 17h– of zero hours for new respondents.
SECURITIES AND EXCHANGE 2T (17 CFR 240.17h–1T and 17 CFR Thus, the total compliance burden per
COMMISSION 240.17h–2T), under the Securities year is approximately 7,344 burden
[File No. 500–1] Exchange Act of 1934 (17 U.S.C. 78a et hours (3,060 hours + 4,284 hours).
seq.). The Commission plans to submit Written comments are invited on: (a)
In the Matter of First American this existing collection of information to Whether the proposed collection of
Scientific Corp., Order of Suspension the Office of Management and Budget information is necessary for the proper
of Trading (‘‘OMB’’) for extension and approval. performance of the functions of the
Rule 17h–1T requires a covered Commission, including whether the
April 22, 2015. broker-dealer to maintain and preserve information will have practical utility;
It appears to the Securities and records and other information (b) the accuracy of the Commission’s
Exchange Commission that there is a concerning certain entities that are estimate of the burden of the collection
lack of current and accurate information associated with the broker-dealer. This of information; (c) ways to enhance the
concerning the securities of First requirement extends to the financial and quality, utility, and clarity of the
American Scientific Corp. (CIK No. securities activities of the holding information collected; and (d) ways to
1002822), a Nevada corporation with its company, affiliates and subsidiaries of minimize the burden of the collection of
principal place of business listed as the broker-dealer that are reasonably information on respondents, including
Abbotsford, British Columbia, Canada, likely to have a material impact on the through the use of automated collection
with stock quoted on OTC Link financial or operational condition of the techniques or other forms of information
(previously, ‘‘Pink Sheets’’) operated by broker-dealer. Rule 17h–2T requires a technology. Consideration will be given
OTC Markets Group, Inc. (‘‘OTC Link’’) covered broker-dealer to file with the to comments and suggestions submitted
under the ticker symbol FASC, because Commission quarterly reports and a in writing within 60 days of this
it has not filed any periodic reports cumulative year-end report concerning publication.
since the period ended March 31, 2012. the information required to be An agency may not conduct or
On May 2, 2014, First American maintained and preserved under Rule sponsor, and a person is not required to
Scientific Corp. received a delinquency 17h–1T. respond to, a collection of information
letter sent by the Division of The collection of information required under the PRA unless it displays a
Corporation Finance requesting by Rules 17h–1T and 17h–2T, currently valid OMB control number.
compliance with their periodic filing collectively referred to as the ‘‘risk Please direct your written comments
obligations. assessment rules’’, is necessary to to: Pamela Dyson, Director/Chief
The Commission is of the opinion that enable the Commission to monitor the Information Officer, Securities and
the public interest and the protection of activities of a broker-dealer affiliate Exchange Commission, c/o Remi Pavlik-
investors require a suspension of trading whose business activities are reasonably Simon, 100 F Street NE., Washington,
in the securities of the above-listed likely to have a material impact on the DC 20549, or send an email to: PRA_
company. financial and operational condition of Mailbox@sec.gov.
Therefore, it is ordered, pursuant to the broker-dealer. Without this Dated: April 20, 2015.
Section 12(k) of the Securities Exchange information, the Commission would be Brent J. Fields,
Act of 1934, that trading in the unable to assess the potentially Secretary.
securities of the above-listed company is damaging impact of the affiliate’s
[FR Doc. 2015–09495 Filed 4–23–15; 8:45 am]
suspended for the period from 9:30 a.m. activities on the broker-dealer.
BILLING CODE 8011–01–P
EDT on April 22, 2015, through 11:59 There are currently 306 respondents
p.m. EDT on May 5, 2015. that must comply with Rules 17h–1T
By the Commission. and 17h–2T. Each of these 306
SECURITIES AND EXCHANGE
Jill M. Peterson,
respondents are estimated to require 10
COMMISSION
hours per year to maintain the records
Secretary.
required under Rule 17h–1T, for an [Release No. 34–74767; File No. SR–BATS–
[FR Doc. 2015–09685 Filed 4–22–15; 4:15 pm] 2015–33]
aggregate estimated annual burden of
BILLING CODE 8011–01–P 3,060 hours (306 respondents × 10
hours). In addition, each of these 306 Self-Regulatory Organizations; BATS
respondents must make five annual Exchange, Inc.; Notice of Filing and
SECURITIES AND EXCHANGE responses under Rule 17h–2T. These Immediate Effectiveness of a Proposed
COMMISSION five responses are estimated to require Rule Change Related to Fees for Use
14 hours per respondent per year for an of BATS Exchange, Inc.
Proposed Collection; Comment
tkelley on DSK3SPTVN1PROD with NOTICES

Request aggregate estimated annual burden of April 20, 2015.
4,284 hours (306 respondents × 14 Pursuant to Section 19(b)(1) of the
Upon Written Request, Copies Available hours). Securities Exchange Act of 1934
From: Securities and Exchange In addition, new respondents must (‘‘Act’’),1 and Rule 19b–4 thereunder,2
Commission, Office of FOIA Services, draft an organizational chart required
100 F Street NE., Washington, DC under Rule 17h–1T and establish a 1 15 U.S.C. 78s(b)(1).
20549–2736. system for complying with the risk 2 17 CFR 240.19b–4.

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Document Created: 2015-12-16 08:43:01
Document Modified: 2015-12-16 08:43:01

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 23060