80_FR_73256 80 FR 73031 - In the Matter of African Copper Corp., Genmed Holding Corp., and Yanglin Soybean, Inc., Order of Suspension of Trading

80 FR 73031 - In the Matter of African Copper Corp., Genmed Holding Corp., and Yanglin Soybean, Inc., Order of Suspension of Trading

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 225 (November 23, 2015)

Page Range73031-73032
FR Document2015-29870

Federal Register, Volume 80 Issue 225 (Monday, November 23, 2015)
[Federal Register Volume 80, Number 225 (Monday, November 23, 2015)]
[Notices]
[Pages 73031-73032]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-29870]


-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[File No. 500-1]


In the Matter of African Copper Corp., Genmed Holding Corp., and 
Yanglin Soybean, Inc., Order of Suspension of Trading

November 19, 2015.
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
African Copper Corp. (CIK No. 1526185), a revoked Nevada corporation 
with its principal place of business listed as Mowbray, Cape Town, 
South Africa, with stock quoted on OTC Link (previously, ``Pink 
Sheets'') operated by OTC Markets Group, Inc. (``OTC Link'') under the 
ticker symbol ACCS, because it has not filed any periodic reports since 
the period ended January 31, 2013. On October 22, 2014, the Division of 
Corporation Finance sent African Copper a delinquency letter requesting 
compliance with their periodic filing obligations, but the letter was 
returned because of African Copper's failure to maintain a valid 
address on file with the Commission, as required by Commission rules 
(Rule 301 of Regulation S-T, 17 CFR 232.301 and Section 5.4 of EDGAR 
Filer Manual).
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
Genmed Holding Corp. (CIK No. 1061688), a revoked Nevada corporation 
with its principal place of business listed as Zoetermeer, The 
Netherlands, with stock quoted on OTC Link under the ticker symbol 
GENM, because it has not filed any periodic reports since the period 
ended December 31, 2012. On October 22, 2014, the Division of 
Corporation Finance sent Genmed Holding a delinquency letter requesting 
compliance with their periodic filing obligations, but the letter was 
returned because of Genmed Holdings' failure to maintain a valid 
address on file with the Commission, as required by Commission rules 
(Rule 301 of Regulation S-T, 17 CFR 232.301 and Section 5.4 of EDGAR 
Filer Manual).
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
Yanglin Soybean, Inc. (CIK No. 1368745), a revoked Nevada corporation 
with its principal place of business listed as Heilongjiang Province, 
China, with stock quoted on OTC Link under the ticker symbol YSYB, 
because it has not filed any periodic reports since the period ended 
December 31, 2012. On November 7, 2014, the Division of Corporation 
Finance sent Yanglin Soybean a delinquency letter requesting compliance 
with their periodic filing obligations, but the letter was returned 
because of Yanglin Soybean's failure to maintain a valid address on 
file with the Commission, as required by Commission rules (Rule 301 of 
Regulation S-T, 17 CFR 232.301 and Section 5.4 of EDGAR Filer Manual).
    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 companies.
    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 companies is suspended for the period from 9:30

[[Page 73032]]

a.m. EST on November 19, 2015, through 11:59 p.m. EST on December 3, 
2015.

    By the Commission.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2015-29870 Filed 11-19-15; 11:15 am]
BILLING CODE 8011-01-P



                                                                        Federal Register / Vol. 80, No. 225 / Monday, November 23, 2015 / Notices                                            73031

                                             apply to position movements between                     risk and minimize them through the                     it has not filed any periodic reports
                                             NSCC Members that are Affiliates or to                  development of appropriate systems,                    since the period ended January 31,
                                             Client Custody Movements.                               controls, and procedures . . . .’’ 16 As               2013. On October 22, 2014, the Division
                                                                                                     stated above, the Commission believes                  of Corporation Finance sent African
                                             Implementation
                                                                                                     that the receipt of locked-in trade data               Copper a delinquency letter requesting
                                               The effective date of the proposed                    on a real-time basis through NSCC’s                    compliance with their periodic filing
                                             rule change will be announced via a                     Correspondent Clearing service will                    obligations, but the letter was returned
                                             NSCC Important Notice. The proposed                     enable NSCC’s risk management                          because of African Copper’s failure to
                                             rule change will not be implemented                     processes to monitor such trades closer                maintain a valid address on file with the
                                             earlier than ten business days from the                 to trade execution, on an intra-day basis,             Commission, as required by
                                             date of Commission approval.                            and, thus, identify and manage related                 Commission rules (Rule 301 of
                                                                                                     risk exposure earlier, thereby potentially             Regulation S–T, 17 CFR 232.301 and
                                             II. Discussion and Commission
                                                                                                     minimizing a source of operational risk.               Section 5.4 of EDGAR Filer Manual).
                                             Findings                                                                                                          It appears to the Securities and
                                                                                                     As such, the Commission believes that
                                                Section 19(b)(2)(C) of the Act 11                    the proposal is consistent with Rule                   Exchange Commission that there is a
                                             directs the Commission to approve a                     17Ad–22(d)(4).17                                       lack of current and accurate information
                                             proposed rule change of a self-                                                                                concerning the securities of Genmed
                                             regulatory organization if it finds that                III. Conclusion                                        Holding Corp. (CIK No. 1061688), a
                                             such proposed rule change is consistent                   On the basis of the foregoing, the                   revoked Nevada corporation with its
                                             with the requirements of the Act and                    Commission finds that the proposal is                  principal place of business listed as
                                             rules and regulations thereunder                        consistent with the requirements of the                Zoetermeer, The Netherlands, with
                                             applicable to such organization. The                    Act and in particular with the                         stock quoted on OTC Link under the
                                             Commission believes the proposal is                     requirements of section 17A of the                     ticker symbol GENM, because it has not
                                             consistent with section 17A(b)(3)(F) of                 Act 18 and the rules and regulations                   filed any periodic reports since the
                                             the Act 12 and Rule 17Ad–22(d)(4) 13                    thereunder.                                            period ended December 31, 2012. On
                                             under the Act, as described in detail                     It is therefore ordered, pursuant to                 October 22, 2014, the Division of
                                             below.                                                  section 19(b)(2) of the Act, that                      Corporation Finance sent Genmed
                                                Consistency with Section 17A(b)(3)(F)                proposed rule change SR–NSCC–2015–                     Holding a delinquency letter requesting
                                             of the Act. Section 17A(b)(3)(F) of the                 004 be, and hereby is, Approved.19                     compliance with their periodic filing
                                             Act requires, among other things, that                                                                         obligations, but the letter was returned
                                                                                                       For the Commission, by the Division of
                                             the rules of a clearing agency be                                                                              because of Genmed Holdings’ failure to
                                                                                                     Trading and Markets, pursuant to delegated
                                             designed to promote the prompt and                      authority.20                                           maintain a valid address on file with the
                                             accurate clearance and settlement of                                                                           Commission, as required by
                                                                                                     Robert W. Errett,
                                             securities transactions, as well as, in                                                                        Commission rules (Rule 301 of
                                                                                                     Deputy Secretary.                                      Regulation S–T, 17 CFR 232.301 and
                                             general, protect investors and the public
                                                                                                     [FR Doc. 2015–29728 Filed 11–20–15; 8:45 am]           Section 5.4 of EDGAR Filer Manual).
                                             interest.14 The Commission believes
                                             that the receipt of locked-in trade data                BILLING CODE 8011–01–P                                    It appears to the Securities and
                                             on a real-time basis through NSCC’s                                                                            Exchange Commission that there is a
                                             Correspondent Clearing service will                                                                            lack of current and accurate information
                                             enable NSCC’s risk management                           SECURITIES AND EXCHANGE                                concerning the securities of Yanglin
                                             processes to monitor such trades closer                 COMMISSION                                             Soybean, Inc. (CIK No. 1368745), a
                                             to trade execution and, thus, better                    [File No. 500–1]                                       revoked Nevada corporation with its
                                             identify and manage related risk                                                                               principal place of business listed as
                                             exposure on an intra-day basis. Further,                In the Matter of African Copper Corp.,                 Heilongjiang Province, China, with
                                             receiving such transactions in real-time                Genmed Holding Corp., and Yanglin                      stock quoted on OTC Link under the
                                             will promote intra-day reconciliation                   Soybean, Inc., Order of Suspension of                  ticker symbol YSYB, because it has not
                                             and, in return, more timely reporting of                Trading                                                filed any periodic reports since the
                                             Member transactions back to Members,                                                                           period ended December 31, 2012. On
                                                                                                     November 19, 2015.                                     November 7, 2014, the Division of
                                             thereby enabling Members to manage
                                             their exposure to certain operational,                    It appears to the Securities and                     Corporation Finance sent Yanglin
                                             market, and credit risks, all of which                  Exchange Commission that there is a                    Soybean a delinquency letter requesting
                                             helps facilitate the prompt and accurate                lack of current and accurate information               compliance with their periodic filing
                                             clearance and settlement of securities                  concerning the securities of African                   obligations, but the letter was returned
                                             transactions. As such, the Commission                   Copper Corp. (CIK No. 1526185), a                      because of Yanglin Soybean’s failure to
                                             believes that the proposal is consistent                revoked Nevada corporation with its                    maintain a valid address on file with the
                                             with section 17A(b)(3)(F) of the Act.15                 principal place of business listed as                  Commission, as required by
                                                Consistency with Rule 17Ad–22(d)(4).                 Mowbray, Cape Town, South Africa,                      Commission rules (Rule 301 of
                                             Rule 17Ad–22(d)(4) under the Act                        with stock quoted on OTC Link                          Regulation S–T, 17 CFR 232.301 and
                                             requires a central counterparty, such as                (previously, ‘‘Pink Sheets’’) operated by              Section 5.4 of EDGAR Filer Manual).
                                             NSCC, to ‘‘establish, implement,                        OTC Markets Group, Inc. (‘‘OTC Link’’)                    The Commission is of the opinion that
                                             maintain and enforce written policies                   under the ticker symbol ACCS, because                  the public interest and the protection of
                                             and procedures reasonably designed to                                                                          investors require a suspension of trading
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                                             . . . [i]dentify sources of operational
                                                                                                       16 17    CFR 240.17Ad–22(d)(4).                      in the securities of the above-listed
                                                                                                       17 Id.
                                                                                                                                                            companies.
                                                                                                       18 15  U.S.C. 78q–1.
                                               11 15  U.S.C. 78s(b)(2)(C).
                                                                                                                                                               Therefore, it is ordered, pursuant to
                                                                                                       19 In approving the proposed rule change, the
                                               12 15 U.S.C. 78q-1(b)(3)(F).                                                                                 Section 12(k) of the Securities Exchange
                                                                                                     Commission considered the proposal’s impact on
                                               13 17 CFR 240.17Ad–22(d)(4).
                                                                                                     efficiency, competition, and capital formation. 15     Act of 1934, that trading in the
                                               14 15 U.S.C. 78q-1(b)(3)(F).                          U.S.C. 78c(f).                                         securities of the above-listed companies
                                               15 Id.                                                   20 17 CFR 200.30–3(a)(12).                          is suspended for the period from 9:30


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                                             73032                       Federal Register / Vol. 80, No. 225 / Monday, November 23, 2015 / Notices

                                             a.m. EST on November 19, 2015,                          the proposed rule change and discussed                    in particular, in that it is designed to
                                             through 11:59 p.m. EST on December 3,                   any comments it received on the                           promote just and equitable principles of
                                             2015.                                                   proposed rule change. The text of these                   trade, to foster cooperation and
                                                By the Commission.                                   statements may be examined at the                         coordination with persons engaged in
                                             Jill M. Peterson,                                       places specified in Item IV below. The                    facilitating transactions in securities, to
                                                                                                     Exchange has prepared summaries, set                      remove impediments to and perfect the
                                             Assistant Secretary.
                                                                                                     forth in Sections A, B, and C below, of                   mechanism of a free and open market
                                             [FR Doc. 2015–29870 Filed 11–19–15; 11:15 am]
                                                                                                     the most significant parts of such                        and a national market system and, in
                                             BILLING CODE 8011–01–P
                                                                                                     statements.                                               general, to protect investors and the
                                                                                                     A. Self-Regulatory Organization’s                         public interest. The proposed rule
                                             SECURITIES AND EXCHANGE                                 Statement of the Purpose of, and                          change promotes just and equitable
                                             COMMISSION                                              Statutory Basis for, the Proposed Rule                    principles of trade because it would
                                                                                                     Change                                                    provide Users with greater flexibility in
                                             [Release No. 34–76456; File No. SR–EDGX–                                                                          routing orders consistent with
                                             2015–53]                                                1. Purpose                                                Regulation NMS without developing
                                                                                                        The Exchange proposes to amend                         complicated order routing strategies on
                                             Self-Regulatory Organizations; EDGX
                                                                                                     Rule 11.11, Routing to Away Trading                       their own. The Exchange believes that
                                             Exchange, Inc.; Notice of Filing and
                                                                                                     Centers, to adopt a new routing option                    the proposed routing option will also
                                             Immediate Effectiveness of a Proposed
                                                                                                     to be known as ALLB. As proposed,                         accomplish those ends by providing
                                             Rule Change To Amend Rule 11.11,
                                                                                                     ALLB would be a routing option under                      market participants with an additional
                                             Routing to Away Trading Centers
                                                                                                     which the order checks the System 5 for                   voluntary routing option that will
                                             November 17, 2015.                                      available shares and is then sent to the                  enable them to easily access liquidity
                                                Pursuant to Section 19(b)(1) of the                  BATS Exchange, Inc. (‘‘BZX’’), BATS Y-                    available on all of the national securities
                                             Securities Exchange Act of 1934 (the                    Exchange, Inc. (‘‘BYX’’), and the EDGA                    exchanges operated by BGM Affiliated
                                             ‘‘Act’’),1 and Rule 19b–4 thereunder,2                  Exchange, Inc. (‘‘EDGA’’ collectively                     Exchanges. The Exchange expects the
                                             notice is hereby given that on November                 with the Exchange, BZX, and BYX, the                      routing strategy will benefit firms that
                                             9, 2015, EDGX Exchange, Inc. (the                       ‘‘BGM Affiliated Exchanges’’).                            do not employ routing or trading
                                             ‘‘Exchange’’ or ‘‘EDGX’’) filed with the                Specifically, an order subject to the                     strategies under which the firm itself
                                             Securities and Exchange Commission                      ALLB routing option would execute first                   would rapidly access liquidity provided
                                             (‘‘Commission’’) the proposed rule                      against contra-side displayed and non-                    on the multiple venues. ALLB would
                                             change as described in Items I and II                   displayed liquidity on the EDGX Book 6                    not provide any advantage to Users
                                             below, which Items have been prepared                   at the National Best Bid or Offer                         when routing to the EDGA, BZX, or BYX
                                             by the Exchange. The Exchange has                       (‘‘NBBO’’) or better. Any remainder,                      as compared to other methods of routing
                                             designated this proposal as a ‘‘non-                    would then be routed to BZX, BYX,                         or connectivity available to Users by the
                                             controversial’’ proposed rule change                    and/or EDGA in accordance with the                        Exchange.
                                             pursuant to Section 19(b)(3)(A) of the                  System routing table.7 If shares remain                      Lastly, the Exchange also notes that
                                             Act 3 and Rule 19b–4(f)(6)(iii)                         unexecuted after routing, they are                        routing options enabling the routing of
                                             thereunder,4 which renders it effective                 posted to the EDGX Book, unless                           orders between affiliated exchanges is
                                             upon filing with the Commission. The                    otherwise instructed by the User.8 In                     not unique and that the ALLB routing
                                             Commission is publishing this notice to                 such case, the User may instruct the                      option is similar to routing options
                                             solicit comments on the proposed rule                   Exchange to cancel the remaining                          offered by other exchange groups that
                                             change from interested persons.                         shares. ALLB is designed to comply                        permit routing between affiliates.
                                                                                                     with Rule 611 and all other provisions                    Specifically, the Nasdaq Stock Market
                                             I. Self-Regulatory Organization’s                       of Regulation NMS.9                                       LLC (‘‘Nasdaq’’), the Nasdaq OMX BX
                                             Statement of the Terms of the Substance                                                                           (‘‘BX’’), Nasdaq OMX PSX (‘‘PSX’’) offer
                                             of the Proposed Rule Change                             2. Statutory Basis
                                                                                                                                                               routing options that enable an order,
                                                The Exchange filed a proposal to                        The Exchange believes that its                         whether sent to Nasdaq, BX, or PSX, to
                                             amend Rule 11.11, Routing to Away                       proposal is consistent with Section 6(b)                  check the Nasdaq, BX, and PSX books
                                             Trading Centers, to adopt a new routing                 of the Act 10 in general, and furthers the                for liquidity before optionally posting to
                                             option to be known as ALLB.                             objectives of Section 6(b)(5) of the Act 11               the Nasdaq, BX, or PSX book.12 In
                                                The text of the proposed rule change                                                                           addition, BZX previously offered a
                                             is available at the Exchange’s Web site                    5 The term ‘‘System’’ is defined as ‘‘the electronic
                                                                                                                                                               variation of a Destination Specific
                                                                                                     communications and trading facility designated by
                                             at www.batstrading.com, at the                          the Board through which securities orders of Users        Order 13 which routed to and executed
                                             principal office of the Exchange, and at                are consolidated for ranking, execution and, when         by its affiliate, BYX, known as the B2B
                                             the Commission’s Public Reference                       applicable, routing away.’’ See Exchange Rule             routing.14 Therefore, the Exchange
                                             Room.                                                   1.5(cc).
                                                                                                        6 The term ‘‘EDGX Book’’ is defined as ‘‘the
                                                                                                                                                                  12 See Securities Exchange Act Release Nos.
                                             II. Self-Regulatory Organization’s                      System’s electronic file of orders.’’ See Exchange        63900 (February 14, 2011), 76 FR 9397 (February
                                             Statement of the Purpose of, and                        Rule 1.5(d).                                              17, 2011) (SR–Nasdaq–2011–026); 65470 (October
                                                                                                        7 The term ‘‘System routing table’’ refers to the
                                             Statutory Basis for, the Proposed Rule                                                                            3, 2011), 76 FR 62489 (October 7, 2011) (SR–BX–
                                                                                                     proprietary process for determining the specific          2011–048); and 65469 (October 3, 2011), 76 FR
                                             Change                                                  trading venues to which the System routes orders          62486 (October 7, 2011) (SR–Phlx–2011–108)
                                                In its filing with the Commission, the               and the order in which it routes them. See                (Notices of Filing and Immediate Effectiveness to
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                                                                                                     Exchange Rule 11.11(g).                                   adopt the CART, BCRT, and PCRT routing options
                                             Exchange included statements                               8 The term ‘‘User’’ is defined as ‘‘any Member or
                                                                                                                                                               on Nasdaq, BX, and PSX respectively). See also
                                             concerning the purpose of and basis for                 Sponsored Participant who is authorized to obtain         Nasdaq Rule 4758(a)(1)(A)(xi); BX Rule
                                                                                                     access to the System pursuant to Rule 11.3.’’ See         4758(a)(1)(A)(vii); and PSX Rule 3315(a)(1)(A)(vii).
                                               1 15 U.S.C. 78s(b)(1).                                Exchange Rule 1.5(ee).                                       13 See Exchange Rule 11.11(g)(14).
                                               2 17 CFR 240.19b–4.                                      9 17 CFR 242.611.                                         14 See Securities Exchange Act Release No. 63146
                                               3 15 U.S.C. 78s(b)(3)(A).                                10 15 U.S.C. 78f(b).
                                                                                                                                                               (October 21, 2010), 75 FR 66170 (October 27, 2010)
                                               4 17 CFR 240.19b–4(f)(6)(iii).                           11 15 U.S.C. 78f(b)(5).                                (SR–BATS–2010–030). The Exchange notes that



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Document Created: 2018-03-01 11:18:21
Document Modified: 2018-03-01 11:18:21
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
FR Citation80 FR 73031 

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