81 FR 39738 - In the Matter of MIT Holding, Inc.; Order of Suspension of Trading

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 117 (June 17, 2016)

Page Range		39738-39738
FR Document		2016-14477

Federal Register, Volume 81 Issue 117 (Friday, June 17, 2016)

[Federal Register Volume 81, Number 117 (Friday, June 17, 2016)]
[Notices]
[Page 39738]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-14477]


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SECURITIES AND EXCHANGE COMMISSION

[File No. 500-1]


In the Matter of MIT Holding, Inc.; Order of Suspension of 
Trading

June 15, 2016
    It appears to the Securities and Exchange Commission 
(``Commission'') that there is a lack of current and accurate 
information concerning the securities of MIT Holding, Inc. (``MITD 
\1\'') (CIK No. 1367416), a delinquent Delaware corporation located in 
Los Angeles, 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, 2015. Moreover, 
MITD's Form 10-K for the period ended December 31, 2014 failed to 
comply with Exchange Act and regulations thereunder because it did not 
include audited financial statements. Also, the financial statements 
accompanying MITD's Forms 10-Q for the periods ending March 31, June 
30, and September 30, 2015 were not reviewed by an auditor as required 
by Commission rules. On January 19, 2016, the Commission's Division of 
Corporation Finance (``Corporation Finance'') sent a delinquency letter 
to MITD requesting compliance with its periodic filing requirements 
which was delivered. As of June 8, 2016, the common stock of MITD was 
quoted on OTC Link operated by OTC Markets Group Inc. (formerly ``Pink 
Sheets''), had eight market makers, and was eligible for the 
``piggyback'' exception of Exchange Act Rule 15c2-11(f)(3).
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    \1\ The short form of the issuer's name is also its stock 
symbol.
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    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 June 15, 2016, through 11:59 p.m. EDT 
on June 28, 2016.

    By the Commission.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2016-14477 Filed 6-15-16; 4:15 pm]
 BILLING CODE 8011-01-P

39738 Federal Register / Vol. 81, No. 117 / Friday, June 17, 2016 / Notices

in expected revenue by eliminating the • Send an email to rule-comments@ SECURITIES AND EXCHANGE
fees. sec.gov. Please include File Number SR– COMMISSION
B. Self-Regulatory Organization’s NASDAQ–2016–077 on the subject line.
Statement on Burden on Competition [File No. 500–1]
Paper Comments
The proposed rule change will not In the Matter of MIT Holding, Inc.;
impose any burden on competition not • Send paper comments in triplicate
Order of Suspension of Trading
necessary or appropriate in furtherance to Secretary, Securities and Exchange
of the purposes of the Act. Commission, 100 F Street NE., June 15, 2016
The market for listing services is Washington, DC 20549–1090. It appears to the Securities and
extremely competitive and listed All submissions should refer to File Exchange Commission (‘‘Commission’’)
companies may easily list on competing that there is a lack of current and
Number SR–NASDAQ–2016–077.This
venues if they deem fee levels at a accurate information concerning the
file number should be included on the
particular exchange to be excessive. In securities of MIT Holding, Inc.
subject line if email is used. To help the
such an environment, the Exchange (‘‘MITD 1’’) (CIK No. 1367416), a
must continually adjust its fees to Commission process and review your delinquent Delaware corporation
remain competitive with other comments more efficiently, please use located in Los Angeles, California with
exchanges. only one method. The Commission will a class of securities registered with the
This rule proposal does not burden post all comments on the Commission’s Commission pursuant to Securities
competition with other listing venues, Internet Web site (http://www.sec.gov/ Exchange Act of 1934 (‘‘Exchange Act’’)
which are similarly free to set their fees, rules/sro.shtml). Copies of the Section 12(g) because it is delinquent in
but rather reflects the competition submission, all subsequent its periodic filings with the
between listing venues and will further amendments, all written statements Commission, having not filed any
enhance such competition. For these with respect to the proposed rule periodic reports since it filed a Form
reasons, Nasdaq does not believe that change that are filed with the 10–Q for the period ended September
the proposed rule change will result in Commission, and all written 30, 2015. Moreover, MITD’s Form 10–K
any burden on competition for listings. communications relating to the for the period ended December 31, 2014
C. Self-Regulatory Organization’s proposed rule change between the failed to comply with Exchange Act and
Statement on Comments on the Commission and any person, other than regulations thereunder because it did
Proposed Rule Change Received From those that may be withheld from the not include audited financial
Members, Participants, or Others public in accordance with the statements. Also, the financial
provisions of 5 U.S.C. 552, will be statements accompanying MITD’s Forms
No written comments were either 10–Q for the periods ending March 31,
solicited or received. available for Web site viewing and
printing in the Commission’s Public June 30, and September 30, 2015 were
III. Date of Effectiveness of the Reference Room, 100 F Street NE., not reviewed by an auditor as required
Proposed Rule Change and Timing for Washington, DC 20549, on official by Commission rules. On January 19,
Commission Action business days between the hours of 2016, the Commission’s Division of
The foregoing rule change has become Corporation Finance (‘‘Corporation
10:00 a.m. and 3:00 p.m. Copies of the
effective pursuant to Section Finance’’) sent a delinquency letter to
filing also will be available for
19(b)(3)(A)(ii) of the Act.11 MITD requesting compliance with its
inspection and copying at the principal periodic filing requirements which was
At any time within 60 days of the office of the Exchange. All comments
filing of the proposed rule change, the delivered. As of June 8, 2016, the
received will be posted without change; common stock of MITD was quoted on
Commission summarily may the Commission does not edit personal
temporarily suspend such rule change if OTC Link operated by OTC Markets
identifying information from Group Inc. (formerly ‘‘Pink Sheets’’),
it appears to the Commission that such
submissions. You should submit only had eight market makers, and was
action is: (i) Necessary or appropriate in
the public interest; (ii) for the protection information that you wish to make eligible for the ‘‘piggyback’’ exception of
of investors; or (iii) otherwise in available publicly. All submissions Exchange Act Rule 15c2–11(f)(3).
furtherance of the purposes of the Act. should refer to File Number SR– The Commission is of the opinion that
If the Commission takes such action, the NASDAQ–2016–077 and should be the public interest and the protection of
Commission shall institute proceedings submitted on or before July 8, 2016. investors require a suspension of trading
to determine whether the proposed rule For the Commission, by the Division of in the securities of the above-listed
should be approved or disapproved. Trading and Markets, pursuant to delegated company. Therefore, it is ordered,
authority.12 pursuant to Section 12(k) of the
IV. Solicitation of Comments Securities Exchange Act of 1934, that
Robert W. Errett,
Interested persons are invited to trading in the securities of the above-
submit written data, views, and Deputy Secretary. listed company is suspended for the
arguments concerning the foregoing, [FR Doc. 2016–14310 Filed 6–16–16; 8:45 am] period from 9:30 a.m. EDT on June 15,
including whether the proposed rule BILLING CODE 8011–01–P 2016, through 11:59 p.m. EDT on June
change is consistent with the Act. 28, 2016.
Comments may be submitted by any of By the Commission.
sradovich on DSK3TPTVN1PROD with NOTICES

the following methods:
Jill M. Peterson,
Electronic Comments Assistant Secretary.
• Use the Commission’s Internet [FR Doc. 2016–14477 Filed 6–15–16; 4:15 pm]
comment form (http://www.sec.gov/ BILLING CODE 8011–01–P
rules/sro.shtml); or
1 The short form of the issuer’s name is also its
11 15 U.S.C. 78s(b)(3)(A)(ii). 12 17 CFR 200.30–3(a)(12). stock symbol.

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Document Created: 2016-06-17 01:05:20
Document Modified: 2016-06-17 01:05:20

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 39738