80 FR 41538 - In the Matter of Smart Ventures, Inc.; Order of Suspension of Trading
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 80, Issue 135 (July 15, 2015)
Federal Register Volume 80, Issue 135 (July 15, 2015)
| Page Range | 41538-41538 | |
| FR Document | 2015-17445 |
[Federal Register Volume 80, Number 135 (Wednesday, July 15, 2015)] [Notices] [Page 41538] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-17445] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [File No. 500-1] In the Matter of Smart Ventures, Inc.; Order of Suspension of Trading July 13, 2015. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Smart Ventures, Inc. (``Smart Ventures'') because of questions regarding the accuracy and completeness of assertions by Smart Ventures in reports posted on the OTC Link operated by OTC Markets Group, Inc. and in press releases. This includes questions about the accuracy of a report issued by Smart Ventures for the quarterly period ended March 31, 2015 and a press release issued on June 30, 2015 with respect to the company's business plans and activities, control persons, related party transactions and financial statements. 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 July 13, 2015 through 11:59 p.m. EDT, on July 24, 2015. By the Commission. Jill M. Peterson, Assistant Secretary. [FR Doc. 2015-17445 Filed 7-13-15; 4:15 pm] BILLING CODE 8011-01-P
![41538 Federal Register / Vol. 80, No. 135 / Wednesday, July 15, 2015 / Notices
inspection and copying at the principal SECURITIES AND EXCHANGE A. Self-Regulatory Organization’s
office of the Exchange. All comments COMMISSION Statement of the Purpose of, and
received will be posted without change; Statutory Basis for, the Proposed Rule
[Release No. 34–75414; File No. SR–Phlx–
the Commission does not edit personal 2015–60]
Change
identifying information from
1. Purpose
submissions. You should submit only Self-Regulatory Organizations;
information that you wish to make NASDAQ OMX PHLX LLC; Notice of The purpose of the proposed rule
available publicly. All submissions Filing and Immediate Effectiveness of change is to amend Rule 1001, entitled
should refer to File Number SR–BYX– Proposed Rule Change to SPY ‘‘Position Limits,’’ to extend the current
2015–30, and should be submitted on or Position Limits pilot, which expires on July 12, 2015 for
before August 5, 2015. an additional twelve (12) month time
July 9, 2015. period to July 12, 2016 (‘‘Extended
For the Commission, by the Division of
Pursuant to Section 19(b)(1) of the Pilot’’). This filing does not propose any
Trading and Markets, pursuant to delegated
Securities Exchange Act of 1934 (the substantive changes to the SPY Pilot
authority.33
‘‘Act’’),1 and Rule 19b–4 thereunder,2 Program. In proposing to extend the
Brent J. Fields, notice is hereby given that on July 8, SPY Pilot Program, the Exchange
Secretary. 2015, NASDAQ OMX PHLX LLC reaffirms its consideration of several
[FR Doc. 2015–17295 Filed 7–14–15; 8:45 am] (‘‘Phlx’’ or ‘‘Exchange’’) filed with the factors that supported the original
BILLING CODE 8011–01–P Securities and Exchange Commission proposal of the SPY Pilot Program,
(‘‘SEC’’ or ‘‘Commission’’) the proposed including (1) the availability of
rule change as described in Items I and economically equivalent products and
SECURITIES AND EXCHANGE II below, which Items have been their respective position limits; (2) the
COMMISSION prepared by the Exchange. The liquidity of the option and the
Commission is publishing this notice to underlying security; (3) the market
[File No. 500–1] solicit comments on the proposed rule capitalization of the underlying security
change from interested persons. and the related index; (4) the reporting
In the Matter of Smart Ventures, Inc.; of large positions and requirements
I. Self-Regulatory Organization’s
Order of Suspension of Trading surrounding margin; and (5) the
Statement of the Terms of the Substance
July 13, 2015. of the Proposed Rule Change potential for market on close volatility.
The Exchange submitted a report to
It appears to the Securities and The Exchange proposes to extend for the Commission on June 11, 2015,
Exchange Commission that there is a another twelve (12) month time period which report reflects, during the time
lack of current and accurate information the pilot program to eliminate position period from December 2014 through
concerning the securities of Smart limits for options on the SPDR® S&P May 2015, the trading of standardized
Ventures, Inc. (‘‘Smart Ventures’’) 500® exchange-traded fund (‘‘SPY ETF’’ SPY options with no position limits
because of questions regarding the or ‘‘SPY’’),3 which list and trade under consistent with option exchange
accuracy and completeness of assertions the symbol SPY (‘‘SPY Pilot Program’’).
provisions.4 The report was prepared in
by Smart Ventures in reports posted on The text of the proposed rule change
is available on the Exchange’s Web site the manner specified in Phlx’s prior
the OTC Link operated by OTC Markets filing extending the SPY Pilot Program.5
Group, Inc. and in press releases. This at http://
nasdaqomxphlx.cchwallstreet.com/, at The Exchange notes that it is unaware
includes questions about the accuracy of of any problems created by the SPY
a report issued by Smart Ventures for the principal office of the Exchange, and
at the Commission’s Public Reference Pilot Program and does not foresee any
the quarterly period ended March 31, as a result of the proposed extension.
Room.
2015 and a press release issued on June The proposed extension will allow the
30, 2015 with respect to the company’s II. Self-Regulatory Organization’s Exchange and the Commission
business plans and activities, control Statement of the Purpose of, and additional time to further evaluate the
persons, related party transactions and Statutory Basis for, the Proposed Rule pilot program and its effect on the
financial statements. Change market.
The Commission is of the opinion that In its filing with the Commission, the As with the original proposal, related
the public interest and the protection of Exchange included statements to the SPY Pilot Program, the Exchange
investors require a suspension of trading concerning the purpose of and basis for represents that a Pilot Report will be
in the securities of the above-listed the proposed rule change and discussed submitted at least thirty (30) days before
company. any comments it received on the the end of the Extended Pilot and would
proposed rule change. The text of these analyze that period. The Pilot Report
Therefore, it is ordered, pursuant to
statements may be examined at the will detail the size and different types
Section 12(k) of the Securities Exchange
places specified in Item IV below. The of strategies employed with respect to
Act of 1934, that trading in the
Exchange has prepared summaries, set positions established as a result of the
securities of the above-listed company is
forth in sections A, B, and C below, of elimination of position limits in SPY. In
suspended for the period from 9:30 a.m.
the most significant aspects of such addition, the report will note whether
EDT, on July 13, 2015 through 11:59
statements. any problems resulted due to the no
p.m. EDT, on July 24, 2015.
limit approach and any other
mstockstill on DSK4VPTVN1PROD with NOTICES
By the Commission. 1 15
U.S.C. 78s(b)(1). information that may be useful in
Jill M. Peterson, 2 17
CFR 240.19b–4. evaluating the effectiveness of the
3 ‘‘SPDR®,’’ ‘‘Standard & Poor’s®,’’ ‘‘S&P®,’’ ‘‘S&P
Assistant Secretary. Extended Pilot. The Pilot Report will
500®,’’ and ‘‘Standard & Poor’s 500’’ are registered
[FR Doc. 2015–17445 Filed 7–13–15; 4:15 pm] trademarks of Standard & Poor’s Financial Services
4 The report is attached as Exhibit 3.
BILLING CODE 8011–01–P LLC. The SPY ETF represents ownership in the
SPDR S&P 500 Trust, a unit investment trust that 5 SeeSecurities Exchange Act Release No. 74099
generally corresponds to the price and yield (January 20, 2015), 80 FR 4021 (January 26, 2015)
33 17 CFR 200.30–3(a)(12). performance of the SPDR S&P 500 Index. (SR–Phlx–2015–07).
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Document Created: 2015-12-15 13:32:24
Document Modified: 2015-12-15 13:32:24
| 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 41538 |
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