81 FR 39726 - In the Matter of Cascade Technologies Corp., Echo Automotive, Inc., and Vision Industries Corp.; Order of Suspension of Trading
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 81, Issue 117 (June 17, 2016)
Federal Register Volume 81, Issue 117 (June 17, 2016)
| Page Range | 39726-39727 | |
| FR Document | 2016-14473 |
[Federal Register Volume 81, Number 117 (Friday, June 17, 2016)] [Notices] [Pages 39726-39727] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-14473] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [File No. 500-1] In the Matter of Cascade Technologies Corp., Echo Automotive, Inc., and Vision Industries Corp.; Order of Suspension of Trading It appears to the Securities and Exchange Commission (``Commission'') that there is a lack of current and accurate information concerning the securities of Cascade Technologies Corp. (``CSDT \1\'') (CIK No. 1324344), a Wyoming corporation located in Beverly Hills, California with a class of securities registered with the Commission pursuant to Securities Exchange Act of 1934 (``Exchange Act'') Section 12(g) because it is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10-Q for the period ended September 30, 2012. On April 15, 2014, the Commission's Division of Corporation Finance (``Corporation Finance'') sent a delinquency letter to CSDT requesting compliance with its periodic filing requirements which was delivered. As of June 8, 2016, the common shares of CSDT were quoted on OTC Link operated by OTC Markets Group Inc. (formerly ``Pink Sheets'') (``OTC Link''), had seven market makers, and were eligible for the ``piggyback'' exception of Exchange Act Rule 15c2-11(f)(3). --------------------------------------------------------------------------- \1\ The short form of each issuer's name is also its stock symbol. --------------------------------------------------------------------------- It appears to the Commission that there is a lack of current and accurate information concerning the securities of Echo Automotive, Inc. (``ECAU'') (CIK No. 1453420), a revoked Nevada corporation located in Scottsdale, Arizona with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g) because it is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10-Q for the period ended March 31, 2014. On November 30, 2015, Corporation Finance sent a delinquency letter to ECAU requesting compliance with its periodic filing requirements but ECAU did not receive the delinquency letter due to its 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) (``Commission Issuer Address Rules''). As of June 8, 2016, the common stock of ECAU was quoted on OTC Link, had five market makers, and was eligible for the ``piggyback'' exception of Exchange Act Rule 15c2-11(f)(3). It appears to the Commission that there is a lack of current and accurate information concerning the securities of Vision Industries Corp. (``VIICQ'') (CIK No. 1405424), a dissolved Florida corporation located in Long Beach, California with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g) because it is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10-Q for the period ended June 30, 2014. On September 15, 2015, Corporation Finance sent a delinquency letter to VIICQ requesting compliance with its periodic filing requirements but VIICQ did not receive the delinquency letter due to its failure to maintain a valid address on file with the Commission as required by Commission Issuer Address Rules. As of June 8, [[Page 39727]] 2016, the common stock of VIICQ was quoted on OTC Link, had eight market makers, and was eligible for the ``piggyback'' exception of Exchange Act 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 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 a.m. EDT on June 15, 2016, through 11:59 p.m. EDT on June 28, 2016. By the Commission. Jill M. Peterson, Assistant Secretary. [FR Doc. 2016-14473 Filed 6-15-16; 4:15 pm] BILLING CODE 8011-01-P
![39726 Federal Register / Vol. 81, No. 117 / Friday, June 17, 2016 / Notices
offering the service and also deriving a Commission process and review your its periodic filings with the
profit therefrom. As noted above, this comments more efficiently, please use Commission, having not filed any
service is completely voluntary and only one method. The Commission will periodic reports since it filed a Form
market participants have connectivity post all comments on the Commission’s 10–Q for the period ended September
options for reporting to the TRF other Internet Web site (http://www.sec.gov/ 30, 2012. On April 15, 2014, the
than the Exchange. Thus, market rules/sro.shtml). Copies of the Commission’s Division of Corporation
participants are able to readily choose a submission, all subsequent Finance (‘‘Corporation Finance’’) sent a
third party offering if the Exchange’s amendments, all written statements delinquency letter to CSDT requesting
does not satisfy their needs or perform with respect to the proposed rule compliance with its periodic filing
the functionality in-house, rendering the change that are filed with the requirements which was delivered. As
degree to which fee changes to this Commission, and all written of June 8, 2016, the common shares of
service may impose any burden on communications relating to the CSDT were quoted on OTC Link
competition to be extremely limited. proposed rule change between the operated by OTC Markets Group Inc.
Commission and any person, other than (formerly ‘‘Pink Sheets’’) (‘‘OTC Link’’),
C. Self-Regulatory Organization’s those that may be withheld from the had seven market makers, and were
Statement on Comments on the public in accordance with the eligible for the ‘‘piggyback’’ exception of
Proposed Rule Change Received From provisions of 5 U.S.C. 552, will be Exchange Act Rule 15c2–11(f)(3).
Members, Participants, or Others available for Web site viewing and It appears to the Commission that
No written comments were either printing in the Commission’s Public there is a lack of current and accurate
solicited or received. Reference Room, 100 F Street NE., information concerning the securities of
Washington, DC 20549 on official Echo Automotive, Inc. (‘‘ECAU’’) (CIK
III. Date of Effectiveness of the business days between the hours of No. 1453420), a revoked Nevada
Proposed Rule Change and Timing for 10:00 a.m. and 3:00 p.m. Copies of such corporation located in Scottsdale,
Commission Action filing also will be available for Arizona with a class of securities
The foregoing rule change has become inspection and copying at the principal registered with the Commission
effective pursuant to Section office of the Exchange. All comments pursuant to Exchange Act Section 12(g)
19(b)(3)(A)(ii) of the Act.10 received will be posted without change; because it is delinquent in its periodic
At any time within 60 days of the the Commission does not edit personal filings with the Commission, having not
filing of the proposed rule change, the identifying information from filed any periodic reports since it filed
Commission summarily may submissions. You should submit only a Form 10–Q for the period ended
temporarily suspend such rule change if information that you wish to make March 31, 2014. On November 30, 2015,
it appears to the Commission that such available publicly. All submissions Corporation Finance sent a delinquency
action is: (i) Necessary or appropriate in should refer to File Number SR– letter to ECAU requesting compliance
the public interest; (ii) for the protection NASDAQ–2016–081, and should be with its periodic filing requirements but
of investors; or (iii) otherwise in submitted on or before July 8, 2016. ECAU did not receive the delinquency
furtherance of the purposes of the Act. For the Commission, by the Division of letter due to its failure to maintain a
If the Commission takes such action, the Trading and Markets, pursuant to delegated valid address on file with the
Commission shall institute proceedings authority.11 Commission as required by Commission
to determine whether the proposed rule Robert W. Errett, rules (Rule 301 of Regulation S–T, 17
should be approved or disapproved. Deputy Secretary. CFR 232.301 and Section 5.4 of EDGAR
[FR Doc. 2016–14312 Filed 6–16–16; 8:45 am]
Filer Manual) (‘‘Commission Issuer
IV. Solicitation of Comments Address Rules’’). As of June 8, 2016, the
BILLING CODE 8011–01–P
Interested persons are invited to common stock of ECAU was quoted on
submit written data, views, and OTC Link, had five market makers, and
arguments concerning the foregoing, SECURITIES AND EXCHANGE was eligible for the ‘‘piggyback’’
including whether the proposed rule COMMISSION exception of Exchange Act Rule 15c2–
change is consistent with the Act. 11(f)(3).
Comments may be submitted by any of [File No. 500–1] It appears to the Commission that
the following methods: there is a lack of current and accurate
In the Matter of Cascade Technologies information concerning the securities of
Electronic Comments Corp., Echo Automotive, Inc., and Vision Industries Corp. (‘‘VIICQ’’) (CIK
• Use the Commission’s Internet Vision Industries Corp.; Order of No. 1405424), a dissolved Florida
comment form (http://www.sec.gov/ Suspension of Trading corporation located in Long Beach,
rules/sro.shtml); or It appears to the Securities and California with a class of securities
• Send an email to rule-comments@ Exchange Commission (‘‘Commission’’) registered with the Commission
sec.gov. Please include File Number SR– that there is a lack of current and pursuant to Exchange Act Section 12(g)
NASDAQ–2016–081 on the subject line. accurate information concerning the because it is delinquent in its periodic
securities of Cascade Technologies filings with the Commission, having not
Paper Comments
Corp. (‘‘CSDT 1’’) (CIK No. 1324344), a filed any periodic reports since it filed
• Send paper comments in triplicate a Form 10–Q for the period ended June
Wyoming corporation located in Beverly
to Secretary, Securities and Exchange 30, 2014. On September 15, 2015,
Hills, California with a class of
Commission, 100 F Street NE., Corporation Finance sent a delinquency
sradovich on DSK3TPTVN1PROD with NOTICES
securities registered with the
Washington, DC 20549–1090. letter to VIICQ requesting compliance
Commission pursuant to Securities
All submissions should refer to File Exchange Act of 1934 (‘‘Exchange Act’’) with its periodic filing requirements but
Number SR–NASDAQ–2016–081. This Section 12(g) because it is delinquent in VIICQ did not receive the delinquency
file number should be included on the letter due to its failure to maintain a
subject line if email is used. To help the 11 17 CFR 200.30–3(a)(12). valid address on file with the
1 The short form of each issuer’s name is also its Commission as required by Commission
10 15 U.S.C. 78s(b)(3)(A)(ii). stock symbol. Issuer Address Rules. As of June 8,
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![Federal Register / Vol. 81, No. 117 / Friday, June 17, 2016 / Notices 39727
2016, the common stock of VIICQ was at http://www.nsx.com, at the principal 50% of the market data revenue that the
quoted on OTC Link, had eight market office of the Exchange, and at the Exchange received that calendar month
makers, and was eligible for the Commission’s Public Reference Room. that was attributable to that ETP
‘‘piggyback’’ exception of Exchange Act Holder’s executions and displayed
II. Self-Regulatory Organization’s
Rule 15c2–11(f)(3). quotes in securities priced $1.00 or
The Commission is of the opinion that Statement of the Purpose of, and
greater.
the public interest and the protection of Statutory Basis for, the Proposed Rule In connection with the MDR sharing
investors require a suspension of trading Change program, the Exchange is further
in the securities of the above-listed In its filing with the Commission, the proposing to amend the Fee Schedule to
companies. Therefore, it is ordered, Exchange included statements add Explanatory Note 4, which defines
pursuant to Section 12(k) of the concerning the purpose of and basis for ‘‘ADV’’ as the average number of shares
Securities Exchange Act of 1934, that the proposed rule change and discussed per day that an ETP Holder has
trading in the securities of the above- any comments it received on the executed on the Exchange in NMS
listed companies is suspended for the proposed rule change. The text of these securities priced at $1.00 or greater
period from 9:30 a.m. EDT on June 15, statements may be examined at the when the Exchange is open for trading
2016, through 11:59 p.m. EDT on June places specified in Item IV below. The during the calendar month. The
28, 2016. Exchange has prepared summaries, set Exchange will not count a day as part
By the Commission. forth in sections A, B, and C below, of of the month, for the purpose of
the most significant parts of such calculating ADV, if the Exchange is not
Jill M. Peterson,
statements. continuously open for trading during
Assistant Secretary.
A. Self-Regulatory Organization’s Regular Trading Hours 4 on that day. For
[FR Doc. 2016–14473 Filed 6–15–16; 4:15 pm]
Statement of the Purpose of, and example, if the Exchange is open for
BILLING CODE 8011–01–P
Statutory Basis for, the Proposed Rule abbreviated hours on a given day (e.g.,
Change until 1:00 p.m. on the day after the
Thanksgiving Day holiday) or if the
SECURITIES AND EXCHANGE 1. Purpose Exchange experiences a technological
COMMISSION
The Exchange proposes to amend problem that renders the Exchange
[Release No. 34–78048; File No. SR–NSX– Rule 16.1, Fee Schedule, with the goal inoperative for part of the day, that day
2016–03] will not be factored in to the total
of maximizing the effectiveness of its
business model and continuing to number of days in the month when
Self-Regulatory Organizations; calculating ADV. If an ETP Holder is
National Stock Exchange, Inc.; Notice provide Equity Trading Permit (‘‘ETP’’)
Holders 3 a cost-effective execution only eligible to trade on the Exchange
of Filing and Immediate Effectiveness for a portion of the month, the Exchange
of Proposed Rule Change To Amend venue. The Exchange is proposing to
implement the MDR sharing program as will calculate the ADV based on the
Its Fee and Rebate Schedule To Adopt number of days during the calendar
a Market Data Revenue Sharing a part of the Fee Schedule, add a
definition of ‘‘ADV’’ and make month that the ETP Holder was eligible
Program to trade. The Exchange notes that, for
ministerial changes to the Fee Schedule.
June 13, 2016. The Exchange’s proposed MDR purposes of the ADV computation, an
Pursuant to Section 19(b)(1) of the sharing program provides for the ETP Holder’s total trading activity on
Securities Exchange Act of 1934 (the issuance of a credit to ETP Holders for the Exchange in securities priced at
‘‘Act’’) 1 and Rule 19b–4 thereunder,2 executing trades on the Exchange within $1.00 or greater will be utilized,
notice is hereby given that on June 1, two defined volume tiers. The credit is including executions resulting from
2016, National Stock Exchange, Inc. equal to a specified percentage of the non-displayed orders. Explanatory Note
(‘‘NSX’’ or the ‘‘Exchange’’) filed with monthly market data revenue received 4 will clarify how the Exchange
the Securities and Exchange by the Exchange that is attributable to proposes to calculate ADV for the
Commission (‘‘Commission’’) the such ETP Holder’s displayed quoting purposes of the market data revenue
proposed rule change, as described in and trading activity in securities priced sharing program, described below.
Items I, II, and III below, which Items at $1.00 or greater on the Exchange. If, The Exchange proposes to add
have been prepared by the Exchange. over the course of a calendar month, an Explanatory Note 3 to the Fee Schedule
The Commission is publishing this ETP Holder executes an ADV of greater to provide further information regarding
notice to solicit comment on the than or equal to 500,000, but less than MDR sharing.5 Explanatory Note 3
proposed rule change from interested 1,500,000, shares of securities priced makes explicit that, assuming the
persons. $1.00 or greater, then the ETP Holder minimum ADV thresholds are achieved,
I. Self-Regulatory Organization’s will receive a credit of 25% of the
4 NSX Rule 1.5R.(1) defines the term ‘‘Regular
Statement of the Terms of Substance of market data revenue that the Exchange Trading Hours’’ as ‘‘the time between 9:30 a.m. and
the Proposed Rule Change received that calendar month that was 4:00 p.m. Eastern Time.’’
attributable to that ETP Holder’s 5 The Exchange has previously implemented
The Exchange is proposing to amend executions and displayed quotes in other iterations of market data revenue sharing
Exchange Rule 16.1, Fee Schedule, to securities priced $1.00 or greater. If, programs pursuant to filings with the Commission
adopt a market data revenue (‘‘MDR’’) over the course of a calendar month, the
and such prior MDR sharing programs shared up to
sharing program, add a definition of the 50% of trade and quote market data revenue. See
ETP Holder executes an ADV of greater Securities Exchange Act Release No. 66958 (May
sradovich on DSK3TPTVN1PROD with NOTICES
term Average Daily Volume (‘‘ADV’’), than or equal to 1,500,000 shares of 10, 2012), 77 FR 28909 (May 16, 2012) (SR–NSX–
and make ministerial changes to the Fee securities priced $1.00 or greater, then 2012–07); Securities Exchange Act Release No.
Schedule. the ETP Holder will receive a credit of
61103 (December 3, 2009), 74 FR 65576 (December
The text of the proposed rule change 10, 2009) (SR–NSX–2009–07); Securities Exchange
Act Release No. 58935 (November 13, 2008), 73 FR
is available on the Exchange’s Web site 3 Exchange Rule 1.5 defines ‘‘ETP’’ as the Equity 69703 (November 19, 2008) (SR–NSX–2008–19);
Trading Permit issued by the Exchange for effecting Securities Exchange Act Release No. 56890
1 15 U.S.C. 78s(b)(1). approved securities transactions on the Exchange’s (December 4, 2007), 72 FR 70360 (December 11,
2 17 CFR 240.19b–4. trading facilities. 2007) (SR–NSX–2007–13).
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Document Created: 2016-06-17 01:05:10
Document Modified: 2016-06-17 01:05:10
| 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 39726 |
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