80 FR 53358 - In the Matter of China Fruits Corporation, Order of Suspension of Trading

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 171 (September 3, 2015)

Page Range		53358-53358
FR Document		2015-21975

Federal Register, Volume 80 Issue 171 (Thursday, September 3, 2015)

[Federal Register Volume 80, Number 171 (Thursday, September 3, 2015)]
[Notices]
[Page 53358]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-21975]


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SECURITIES AND EXCHANGE COMMISSION

[File No. 500-1]


In the Matter of China Fruits Corporation, Order of Suspension of 
Trading

September 1, 2015.
    It appears to the Securities and Exchange Commission (the 
``Commission'') that there is a lack of current and accurate 
information concerning the securities of China Fruits Corporation 
(``CHFR'') because, among other things, of questions regarding the 
accuracy and completeness of CHFR's representations to investors and 
prospective investors in CHFR's public filings with the Commission and 
CHFR's publicly-available press releases and other public statements.
    In particular, CHFR is delinquent in filing its Form 10-Q quarterly 
report for its second quarter ended June 30, 2015, and CHFR does not 
appear to have publicly responded to news reports concerning CHFR 
relating to, among other things, (i) the whereabouts of Mr. Quan Long 
Chen, CHFR's current or former Chief Executive Officer, President, sole 
director, and controlling shareholder; (ii) the status of any investor 
funds that may have been collected by or through Mr. Chen in connection 
with CHFR; and, (iii) the financial condition of the company, including 
the status of CHFR's business operations.
    Based on CHFR's amended Form 10-K/A annual report filed for its 
fiscal year ended December 31, 2014, CHFR is a Nevada corporation based 
in Beijing, People's Republic of China. The company's common stock is 
quoted on OTC Link operated by OTC Markets Group, Inc. under the symbol 
``CHFR.'' As of August 20, 2015, the company's common stock had six 
market makers and was eligible for the ``piggyback'' exception of Rule 
15c2-11(f)(3).
    The Commission is of the opinion that the public interest and the 
protection of investors require a suspension of trading in the 
securities of CHFR.
    Therefore, it is ordered, pursuant to Section 12(k) of the 
Securities Exchange Act of 1934, that trading in the securities of CHFR 
is suspended for the period from 9:30 a.m. EDT on September 1, 2015, 
through 11:59 p.m. EDT on September 15, 2015.

    By the Commission.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2015-21975 Filed 9-1-15; 11:15 am]
 BILLING CODE 8011-01-P

53358 Federal Register / Vol. 80, No. 171 / Thursday, September 3, 2015 / Notices

provisions of 5 U.S.C. 552, will be including the status of CHFR’s business comments on the proposed rule change
available for Web site viewing and operations. from interested persons.
printing in the Commission’s Public Based on CHFR’s amended Form 10–
I. Self-Regulatory Organization’s
Reference Room, 100 F Street NE., K/A annual report filed for its fiscal year
Statement of the Terms of Substance of
Washington, DC 20549, on official ended December 31, 2014, CHFR is a
the Proposed Rule Change
business days between the hours of Nevada corporation based in Beijing,
10:00 a.m. and 3:00 p.m. Copies of such People’s Republic of China. The CME is filing the proposed rule
filing will also be available for company’s common stock is quoted on change that is limited to its business as
inspection and copying at the principal OTC Link operated by OTC Markets a derivatives clearing organization.
office of the Exchange. All comments Group, Inc. under the symbol ‘‘CHFR.’’ More specifically, the proposed rule
received will be posted without change; As of August 20, 2015, the company’s change would reduce the minimum IRS
the Commission does not edit personal common stock had six market makers Guaranty Fund Contribution of IRS
identifying information from and was eligible for the ‘‘piggyback’’ Clearing Members to $15,000,000 for all
submissions. You should submit only exception of Rule 15c2–11(f)(3). IRS Clearing Members (including
information that you wish to make The Commission is of the opinion that affiliates).
available publicly. All submissions the public interest and the protection of II. Self-Regulatory Organization’s
should refer to File No. SR–BYX–2015– investors require a suspension of trading Statement of the Purpose of, and
36 and should be submitted on or before in the securities of CHFR. Statutory Basis for, the Proposed Rule
September 24, 2015. Therefore, it is ordered, pursuant to Change
For the Commission, by the Division of Section 12(k) of the Securities Exchange
Act of 1934, that trading in the In its filing with the Commission,
Trading and Markets, pursuant to delegated
authority.28 securities of CHFR is suspended for the CME included statements concerning
period from 9:30 a.m. EDT on the purpose and basis for the proposed
Robert W. Errett,
September 1, 2015, through 11:59 p.m. rule change and discussed any
Deputy Secretary. comments it received on the proposed
[FR Doc. 2015–21871 Filed 9–2–15; 8:45 am]
EDT on September 15, 2015.
rule change. The text of these statements
BILLING CODE 8011–01–P By the Commission. may be examined at the places specified
Jill M. Peterson, in Item IV below. CME has prepared
Assistant Secretary. summaries, set forth in sections A, B,
SECURITIES AND EXCHANGE [FR Doc. 2015–21975 Filed 9–1–15; 11:15 am] and C below, of the most significant
COMMISSION BILLING CODE 8011–01–P aspects of such statements.

[File No. 500–1]
A. Self-Regulatory Organization’s
SECURITIES AND EXCHANGE Statement of the Purpose of, and
In the Matter of China Fruits COMMISSION Statutory Basis for, the Proposed Rule
Corporation, Order of Suspension of Change
Trading [Release No. 34–75781; File No. SR–CME– CME is registered as a derivatives
2015–016]
clearing organization with the
September 1, 2015.
Self-Regulatory Organizations; Commodity Futures Trading
It appears to the Securities and Commission (‘‘CFTC’’) and currently
Exchange Commission (the Chicago Mercantile Exchange Inc.;
Notice of Filing and Immediate offers clearing services for many
‘‘Commission’’) that there is a lack of different futures and swaps products.
current and accurate information Effectiveness of Proposed Rule
Change To Reduce the Minimum IRS With this filing, CME proposes to make
concerning the securities of China Fruits rulebook changes that are limited to its
Corporation (‘‘CHFR’’) because, among Guaranty Fund Contribution of IRS
Clearing Members business clearing futures and swaps
other things, of questions regarding the under the exclusive jurisdiction of the
accuracy and completeness of CHFR’s August 28, 2015. CFTC. More specifically, the proposed
representations to investors and Pursuant to Section 19(b)(1) of the rules would reduce the minimum IRS
prospective investors in CHFR’s public Securities Exchange Act of 1934 (‘‘Act’’ Guaranty Fund Contribution of IRS
filings with the Commission and or ‘‘Exchange Act’’),1 and Rule 19b–4 Clearing Members to $15,000,000 for all
CHFR’s publicly-available press releases thereunder,2 notice is hereby given that IRS Clearing Members (including
and other public statements. on August 24, 2015, Chicago Mercantile affiliates).
In particular, CHFR is delinquent in Exchange Inc. (‘‘CME’’) filed with the CME periodically reviews its
filing its Form 10–Q quarterly report for Securities and Exchange Commission requirements for clearing membership
its second quarter ended June 30, 2015, (‘‘Commission’’) the proposed rule and has determined that it is
and CHFR does not appear to have change described in Items I, II and III appropriate to change the minimum
publicly responded to news reports below, which Items have been prepared contribution to $15,000,000 as the
concerning CHFR relating to, among primarily by CME. CME filed the current minimum, established at the
other things, (i) the whereabouts of Mr. proposal pursuant to Section 19(b)(3)(A) time of launch of the IRS clearing
Quan Long Chen, CHFR’s current or of the Act,3 and Rule 19b–4(f)(4)(ii) service to ensure a robust financial
former Chief Executive Officer, thereunder,4 so that the proposal was safeguards for IRS products, can be
President, sole director, and controlling effective upon filing with the reduced due to the growth of IRS
tkelley on DSK3SPTVN1PROD with NOTICES

shareholder; (ii) the status of any Commission. The Commission is clearing activity at CME and
investor funds that may have been publishing this notice to solicit corresponding growth of the IRS
collected by or through Mr. Chen in Guaranty Fund size.5 The change could
connection with CHFR; and, (iii) the 1 15 U.S.C. 78s(b)(1). also encourage more entities to apply for
financial condition of the company, 2 17 CFR 240.19b–4.
3 15 U.S.C. 78s(b)(3)(A). 5 As of March 31, 2015, the IRS Guaranty Fund
28 17 CFR 200.30–3(a)(12). 4 17 CFR 240.19b–4(f)(4)(ii). was approximately $2.473 billion.

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Document Created: 2015-12-15 09:56:39
Document Modified: 2015-12-15 09:56:39

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 53358