81 FR 39298 - In the Matter of Enterprise Energy, Inc., Order of Suspension of Trading

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 116 (June 16, 2016)

Page Range		39298-39299
FR Document		2016-14379

Federal Register, Volume 81 Issue 116 (Thursday, June 16, 2016)

[Federal Register Volume 81, Number 116 (Thursday, June 16, 2016)]
[Notices]
[Pages 39298-39299]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-14379]


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

SECURITIES AND EXCHANGE COMMISSION

[File No. 500-1]


In the Matter of Enterprise Energy, Inc., Order of Suspension of 
Trading

June 14, 2016.
    It appears to the Securities and Exchange Commission 
(``Commission'') that the public interest and the protection of 
investors require a suspension of trading in the securities of 
Enterprise Energy, Inc. (CIK No. 0001587285) because of recent, unusual 
and unexplained market activity and potentially manipulative 
transactions in the company's stock. Enterprise Energy, Inc. is a 
Nevada corporation with its principal place of business listed as Las 
Vegas, Nevada, with stock quoted on OTC Link (previously ``Pink 
Sheets'') operated by OTC Markets Group Inc. under the ticker symbol 
EYGY.
    Therefore, it is ordered, pursuant to Section 12(k) of the 
Securities Exchange Act of 1934, that trading in the securities of 
Enterprise Energy, Inc. is suspended for the period from 9:30 a.m. EDT 
on June 14, 2016, through 11:59 p.m. EDT on June 27, 2016.


[[Page 39299]]


    By the Commission.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2016-14379 Filed 6-14-16; 4:15 pm]
 BILLING CODE 8011-01-P

39298 Federal Register / Vol. 81, No. 116 / Thursday, June 16, 2016 / Notices

proposed rule change promotes just and filing. The Exchange states that waiver Commission, and all written
equitable principles of trade because it of the 30-day operative delay would communications relating to the
ensures a midpoint price that the allow market participants to proposed rule change between the
Exchange believes would accurately immediately realize the benefits of what Commission and any person, other than
reflect the market for the security. may be more accurate re-opening prices. those that may be withheld from the
Based on the foregoing, the Commission public in accordance with the
B. Self-Regulatory Organization’s
believes the waiver of the operative provisions of 5 U.S.C. 552, will be
Statement on Burden on Competition
delay is consistent with the protection available for Web site viewing and
The Exchange does not believe that of investors and the public interest. printing in the Commission’s Public
the proposal will impose any burden on Therefore, the Commission hereby Reference Room, 100 F Street NE.,
competition not necessary or waives the operative delay and Washington, DC 20549, on official
appropriate in furtherance of the designates the proposal operative upon business days between the hours of
purposes of the Act. The proposed rule filing.20 10:00 a.m. and 3:00 p.m. Copies of the
change will enable the Exchange to At any time within 60 days of the filing also will be available for
incorporate the listing market’s filing of the proposed rule change, the inspection and copying at the principal
quotation into its calculation of the Commission summarily may office of the Exchange. All comments
midpoint of the NBBO, resulting in a re- temporarily suspend such rule change if received will be posted without change;
opening price that would more closely it appears to the Commission that such the Commission does not edit personal
reflect the opening market prices and action is necessary or appropriate in the identifying information from
conditions for that security. Therefore, public interest, for the protection of submissions. You should submit only
the Exchange believes the proposed rule investors, or otherwise in furtherance of information that you wish to make
change will promote competition by the purposes of the Act. If the available publicly. All submissions
enhancing the quality of the Exchange’s Commission takes such action, the should refer to File No. SR–BatsBZX–
opening process. Commission shall institute proceedings 2016–25, and should be submitted on or
C. Self-Regulatory Organization’s to determine whether the proposed rule before July 7, 2016.
Statement on Comments on the change should be approved or
disapproved. For the Commission, by the Division of
Proposed Rule Change Received From Trading and Markets, pursuant to delegated
Members, Participants, or Others IV. Solicitation of Comments authority.21
The Exchange has neither solicited Interested persons are invited to Robert W. Errett,
nor received written comments on the submit written data, views, and Deputy Secretary.
proposed rule change. arguments concerning the foregoing, [FR Doc. 2016–14205 Filed 6–15–16; 8:45 am]

III. Date of Effectiveness of the including whether the proposed rule BILLING CODE 8011–01–P

Proposed Rule Change and Timing for change is consistent with the Act.
Commission Action Comments may be submitted by any of
the following methods: SECURITIES AND EXCHANGE
Because the proposed rule change COMMISSION
does not (i) significantly affect the Electronic Comments
protection of investors or the public • Use the Commission’s Internet [File No. 500–1]
interest; (ii) impose any significant comment form (http://www.sec.gov/
burden on competition; and (iii) become rules/sro.shtml); or In the Matter of Enterprise Energy, Inc.,
operative for 30 days from the date on • Send an email to rule-comments@ Order of Suspension of Trading
which it was filed, or such shorter time sec.gov. Please include File No. SR–
as the Commission may designate, it has BatsBZX–2016–25 on the subject line. June 14, 2016.
become effective pursuant to Section It appears to the Securities and
19(b)(3)(A) of the Act 16 and Rule 19b– Paper Comments
Exchange Commission (‘‘Commission’’)
4(f)(6) thereunder.17 • Send paper comments in triplicate that the public interest and the
A proposed rule change filed to Secretary, Securities and Exchange protection of investors require a
pursuant to Rule 19b–4(f)(6) under the Commission, 100 F Street NE., suspension of trading in the securities of
Act 18 normally does not become Washington, DC 20549–1090. Enterprise Energy, Inc. (CIK No.
operative for 30 days after the date of its All submissions should refer to File No. 0001587285) because of recent, unusual
filing. However, Rule 19b–4(f)(6)(iii) 19 SR–BatsBZX–2016–25. This file number and unexplained market activity and
permits the Commission to designate a should be included on the subject line potentially manipulative transactions in
shorter time if such action is consistent if email is used. To help the the company’s stock. Enterprise Energy,
with the protection of investors and the Commission process and review your Inc. is a Nevada corporation with its
public interest. The Exchange has asked comments more efficiently, please use principal place of business listed as Las
the Commission to waive the 30-day only one method. The Commission will Vegas, Nevada, with stock quoted on
operative delay so that the proposal may post all comments on the Commission’s OTC Link (previously ‘‘Pink Sheets’’)
become operative immediately upon Internet Web site (http://www.sec.gov/ operated by OTC Markets Group Inc.
rules/sro.shtml). Copies of the under the ticker symbol EYGY.
16 15 U.S.C. 78s(b)(3)(A). submission, all subsequent Therefore, it is ordered, pursuant to
asabaliauskas on DSK3SPTVN1PROD with NOTICES

17 17 CFR 240.19b–4(f)(6). As required under Rule amendments, all written statements Section 12(k) of the Securities Exchange
19b–4(f)(6)(iii), the Exchange provided the
Commission with written notice of its intent to file with respect to the proposed rule Act of 1934, that trading in the
the proposed rule change, along with a brief change that are filed with the securities of Enterprise Energy, Inc. is
description and the text of the proposed rule suspended for the period from 9:30 a.m.
change, at least five business days prior to the date 20 For purposes only of waiving the 30-day
EDT on June 14, 2016, through 11:59
of filing of the proposed rule change, or such operative delay, the Commission has also
shorter time as designated by the Commission. p.m. EDT on June 27, 2016.
considered the proposed rule’s impact on
18 17 CFR 240.19b–4(f)(6).
efficiency, competition, and capital formation. See
19 17 CFR 240.19b–4(f)(6)(iii). 15 U.S.C. 78c(f). 21 17 CFR 200.30–3(a)(12).

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Federal Register / Vol. 81, No. 116 / Thursday, June 16, 2016 / Notices 39299

By the Commission. NASDAQ Stock Market Rules may be examined at the places specified
Jill M. Peterson,
Options Rules in Item IV below. Nasdaq has prepared
Assistant Secretary. summaries, set forth in sections A, B,
[FR Doc. 2016–14379 Filed 6–14–16; 4:15 pm]
* * * * * and C below, of the most significant
BILLING CODE 8011–01–P Chapter VI Trading Systems aspects of such statements.
* * * * * A. Self-Regulatory Organization’s
Statement of the Purpose of, and
SECURITIES AND EXCHANGE Sec. 5 Minimum Increments Statutory Basis for, the Proposed Rule
COMMISSION
(a) The Board may establish minimum Change
[Release No. 34–78037; File No. SR– quoting increments for options contracts
NASDAQ–2016–052] 1. Purpose
traded on NOM. Such minimum
increments established by the Board The purpose of this filing is to amend
Self-Regulatory Organizations; The will be designated as a stated policy, Chapter VI, Section 5 to extend the
NASDAQ Stock Market LLC; Notice of practice, or interpretation with respect Penny Pilot through December 31, 2016
Filing and Immediate Effectiveness of to the administration of this Section or the date of permanent approval, if
a Proposed Rule Change Relating to within the meaning of Section 19 of the earlier,5 and to change the date when
Extension of the Exchange’s Penny Exchange Act and will be filed with the delisted classes may be replaced in the
Pilot Program and Replacement of SEC as a rule change for effectiveness Penny Pilot. The Exchange believes that
Penny Pilot Issues That Have Been extending the Penny Pilot will allow for
upon filing. Until such time as the
Delisted further analysis of the Penny Pilot and
Board makes a change in the
June 10, 2016. increments, the following principles a determination of how the program
Pursuant to Section 19(b)(1) of the shall apply: should be structured in the future.
Securities Exchange Act of 1934 (1)–(2) No Change. Under the Penny Pilot, the minimum
(‘‘Act’’),1 and Rule 19b–4 2 thereunder, (3) For a pilot period scheduled to price variation for all participating
notice is hereby given that on June 8, expire on [June 30]December 31, 2016 or options classes, except for the Nasdaq–
2016, The NASDAQ Stock Market LLC the date of permanent approval, if 100 Index Tracking Stock (‘‘QQQQ’’),
(‘‘Nasdaq’’ or ‘‘Exchange’’) filed with the earlier, if the options series is trading the SPDR S&P 500 Exchange Traded
Securities and Exchange Commission pursuant to the Penny Pilot program one Fund (‘‘SPY’’) and the iShares Russell
(‘‘SEC’’ or ‘‘Commission’’) the proposed (1) cent if the options series is trading 2000 Index Fund (‘‘IWM’’), is $0.01 for
rule change as described in Items I and at less than $3.00, five (5) cents if the all quotations in options series that are
II, below, which Items have been options series is trading at $3.00 or quoted at less than $3 per contract and
prepared by NASDAQ. The Commission higher, unless for QQQQs, SPY and $0.05 for all quotations in options series
is publishing this notice to solicit IWM where the minimum quoting that are quoted at $3 per contract or
comments on the proposed rule change increment will be one cent for all series greater. QQQQ, SPY and IWM are
from interested persons. regardless of price. A list of such quoted in $0.01 increments for all
options shall be communicated to options series. The Penny Pilot is
I. Self-Regulatory Organization’s membership via an Options Trader Alert currently scheduled to expire on June
Statement of the Terms of Substance of (‘‘OTA’’) posted on the Exchange’s Web 30, 2016.
the Proposed Rule Change site. The Exchange proposes to extend the
Nasdaq is filing with the Commission The Exchange may replace any pilot time period of the Penny Pilot through
a proposal to amend Chapter VI, Section issues that have been delisted with the December 31, 2016 or the date of
5 (Minimum Increments) 3 of the rules next most actively traded multiply permanent approval, if earlier, and to
of the NASDAQ Options Market listed options classes that are not yet provide a revised date for adding
(‘‘NOM’’) to extend through December included in the pilot, based on trading replacement issues to the Penny Pilot.
31, 2016 or the date of permanent activity in the previous six months. The The Exchange proposes that any Penny
approval, if earlier, the Penny Pilot replacement issues may be added to the Pilot Program issues that have been
Program in options classes in certain pilot on the second trading day delisted may be replaced on the second
issues (‘‘Penny Pilot’’ or ‘‘Pilot’’), and to following July 1, [2015]2016[ and trading day following July 1, 2016. The
change the date when delisted classes January 1, 2016]. replacement issues will be selected
may be replaced in the Penny Pilot.4 (4) No Change. based on trading activity in the previous
The text of the amended Exchange (b) No Change. six months.6
rule is set forth immediately below. * * * * *
Proposed new language is underlined The text of the proposed rule change 5 The options exchanges in the U.S. that have
and proposed deleted language is is available from Nasdaq’s Web site at pilot programs similar to the Penny Pilot (together
[bracketed]. http://nasdaq.cchwallstreet.com, at ‘‘pilot programs’’) are currently working on a
Nasdaq’s principal office, and at the proposal for permanent approval of the respective
1 15 U.S.C. 78s(b)(1). pilot programs.
2 17
Commission’s Public Reference Room. 6 The replacement issues will be announced to
CFR 240.19b–4.
3 References herein to Chapter and Series refer to
II. Self-Regulatory Organization’s the Exchange’s membership via an Options Trader
rules of the NASDAQ Options Market (‘‘NOM’’), Alert (OTA) posted on the Exchange’s Web site. The
Statement of the Purpose of, and
asabaliauskas on DSK3SPTVN1PROD with NOTICES

unless otherwise noted. Exchange proposes in its Penny Pilot rule that
4 The Penny Pilot was established in March 2008 Statutory Basis for, the Proposed Rule replacement issues will be selected based on
and was last extended in 2014. See Securities Change trading activity in the previous six months. The
Exchange Act Release Nos. 57579 (March 28, 2008), replacement issues would be identified based on
73 FR 18587 (April 4, 2008) (SR–NASDAQ–2008– In its filing with the Commission, The Options Clearing Corporation’s trading volume
026) (notice of filing and immediate effectiveness Nasdaq included statements concerning data. For example, for the July replacement, trading
establishing Penny Pilot); and 75283 (June 24, the purpose of and basis for the volume from December 1, 2015 through May 30,
2015), 80 FR 37347 (June 30, 2015) (SR–NASDAQ– 2016 would be analyzed. The month immediately
2015–063) (notice of filing and immediate
proposed rule change and discussed any preceding the replacement issues’ addition to the
effectiveness extending the Penny Pilot through comments it received on the proposed Pilot Program (i.e., June) would not be used for
June 30, 2016). rule change. The text of these statements purposes of the six-month analysis.

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Document Created: 2016-06-16 00:37:44
Document Modified: 2016-06-16 00:37:44

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		81 FR 39298