81_FR_4095 81 FR 4080 - In the Matter of Vadda Energy Corp.; Order of Suspension of Trading

81 FR 4080 - In the Matter of Vadda Energy Corp.; Order of Suspension of Trading

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 15 (January 25, 2016)

Page Range4080-4081
FR Document2016-01431

Federal Register, Volume 81 Issue 15 (Monday, January 25, 2016) 
[Federal Register Volume 81, Number 15 (Monday, January 25, 2016)]
[Notices]
[Pages 4080-4081]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-01431]


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SECURITIES AND EXCHANGE COMMISSION

[File No. 500-1]


In the Matter of Vadda Energy Corp.; Order of Suspension of 
Trading

January 21, 2016.
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
Vadda Energy Corp. (CIK No. 1082492), a Florida corporation with its 
principal place of business listed as Flower Mound, Texas with stock 
quoted on OTC Link (previously `Pink Sheets') operated by OTC Markets 
Group Inc. (`OTC Link') under the ticker symbol VDDA, because it has 
not filed any periodic reports since it filed its registration 
statement on September 30, 2013. On October 9, 2015, a delinquency 
letter was sent by the Division of Corporation Finance to Vadda Energy 
requesting compliance with its periodic filing obligations, and Vadda 
Energy received the delinquency letter on October 15, 2015, but failed 
to cure its delinquencies.
    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. EST on 
January 21, 2016, through 11:59 p.m. EST on February 3, 2016.


[[Page 4081]]


    By the Commission.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2016-01431 Filed 1-21-16; 11:15 am]
BILLING CODE 8011-01-P

4080 Federal Register / Vol. 81, No. 15 / Monday, January 25, 2016 / Notices described above would not impose any as the Commission may designate, it has 10:00 a.m. and 3:00 p.m. Copies of such additional reporting requirements on become effective pursuant to Section filing also will be available for ATSs because the data will be derived 19(b)(3)(A) of the Act 33 and Rule 19b– inspection and copying at the principal solely from trade reports submitted to 4(f)(6) thereunder.34 office of FINRA. All comments received the FINRA equity trade reporting At any time within 60 days of the will be posted without change; the facilities. FINRA believes that the filing of the proposed rule change, the Commission does not edit personal proposal will have minimal to no Commission summarily may identifying information from impact on firms from a systems temporarily suspend such rule change if submissions. You should submit only development perspective while it appears to the Commission that such information that you wish to make significantly benefiting the marketplace action is necessary or appropriate in the available publicly. All submissions as a whole. Thus, the proposal will public interest, for the protection of should refer to File Number SR–FINRA– provide additional transparency into investors, or otherwise in furtherance of 2016–002, and should be submitted on ATS trading activity by enabling market the purposes of the Act. If the or before February 16, 2016. participants and investors to have a Commission takes such action, the For the Commission, by the Division of better understanding of ATS block Commission shall institute proceedings Trading and Markets, pursuant to delegated trading volume at no required cost to to determine whether the proposed rule authority.35 firms or ATSs. should be approved or disapproved. Robert W. Errett, The proposed rule change would IV. Solicitation of Comments Deputy Secretary. expand the benefits of FINRA’s ATS Interested persons are invited to [FR Doc. 2016–01308 Filed 1–22–16; 8:45 am] transparency program by providing additional transparency on monthly submit written data, views, and BILLING CODE 8011–01–P aggregate block trading on ATSs. The arguments concerning the foregoing, additional information may help market including whether the proposed rule participants and investors to enhance change is consistent with the Act. SECURITIES AND EXCHANGE their understanding of trading activity Comments may be submitted by any of COMMISSION on ATSs and inform routing decisions the following methods: based on this information. As discussed [File No. 500–1] Electronic Comments above, the proposal to publish ATS block trading volume would not impose • Use the Commission’s Internet In the Matter of Vadda Energy Corp.; any additional reporting requirements comment form (http://www.sec.gov/ Order of Suspension of Trading on firms, and as a result would have no rules/sro.shtml); or • Send an email to rule-comments@ January 21, 2016. direct impact on firms. Some firms may choose to incur costs to verify the sec.gov. Please include File Number SR– It appears to the Securities and information FINRA publishes, but these FINRA–2016–002 on the subject line. Exchange Commission that there is a cost are voluntary and are also likely to Paper Comments lack of current and accurate information be minimal. concerning the securities of Vadda • Send paper comments in triplicate Energy Corp. (CIK No. 1082492), a C. Self-Regulatory Organization’s to Secretary, Securities and Exchange Florida corporation with its principal Statement on Comments on the Commission, 100 F Street NE., place of business listed as Flower Proposed Rule Change Received From Washington, DC 20549–1090. Mound, Texas with stock quoted on Members, Participants, or Others All submissions should refer to File OTC Link (previously ‘Pink Sheets’) Written comments were neither Number SR–FINRA–2016–002. This file operated by OTC Markets Group Inc. solicited nor received. As noted above, number should be included on the (‘OTC Link’) under the ticker symbol however, FINRA received written subject line if email is used. To help the VDDA, because it has not filed any comments on the proposed rule change Commission process and review your periodic reports since it filed its to adopt Rule 4552 and the MPID comments more efficiently, please use registration statement on September 30, Requirement, many of which requested only one method. The Commission will 2013. On October 9, 2015, a that FINRA eliminate Rule 4552 once post all comments on the Commission’s delinquency letter was sent by the the MPID Requirement was Internet Web site (http://www.sec.gov/ Division of Corporation Finance to implemented and functioning as rules/sro.shtml). Copies of the Vadda Energy requesting compliance intended.32 The current proposed rule submission, all subsequent with its periodic filing obligations, and change addresses this concern amendments, all written statements Vadda Energy received the delinquency expressed by earlier commenters by with respect to the proposed rule letter on October 15, 2015, but failed to eliminating the reporting requirements change that are filed with the cure its delinquencies. in Rule 4552. Commission, and all written The Commission is of the opinion that communications relating to the the public interest and the protection of III. Date of Effectiveness of the proposed rule change between the Proposed Rule Change and Timing for investors require a suspension of trading Commission and any person, other than in the securities of the above-listed Commission Action those that may be withheld from the company. Because the foregoing proposed rule public in accordance with the Therefore, it is ordered, pursuant to asabaliauskas on DSK5VPTVN1PROD with NOTICES change does not: (i) Significantly affect provisions of 5 U.S.C. 552, will be the protection of investors or the public available for Web site viewing and Section 12(k) of the Securities Exchange interest; (ii) impose any significant printing in the Commission’s Public Act of 1934, that trading in the burden on competition; and (iii) become Reference Room, 100 F Street NE., securities of the above-listed company is operative for 30 days from the date on Washington, DC 20549 on official suspended for the period from 9:30 a.m. which it was filed, or such shorter time business days between the hours of EST on January 21, 2016, through 11:59 p.m. EST on February 3, 2016. 32 See ATS Approval Order, supra note 6, 79 FR 33 15 U.S.C. 78s(b)(3)(A). at 4215. 34 17 CFR 240.19b–4(f)(6). 35 17 CFR 200.30–3(a)(12). 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Federal Register / Vol. 81, No. 15 / Monday, January 25, 2016 / Notices 4081 By the Commission. DEPARTMENT OF STATE LPG’s 2012 application and considering Jill M. Peterson, whether to issue a new permit for these [Public Notice: 9422] Assistant Secretary. two St. Clair pipelines that would [FR Doc. 2016–01431 Filed 1–21–16; 11:15 am] Re-Consideration Concerning the authorize the transport of crude and Scope of Authorizations in a other liquid hydrocarbons, superseding BILLING CODE 8011–01–P Presidential Permit Issued to Plains the authorization in the 2014 LPG Services, L.P. in May 2014 for Presidential Permit for the transport of Existing Pipeline Facilities on the only light liquid hydrocarbons. The Border of the United States and Department published in the Federal SMALL BUSINESS ADMINISTRATION Canada Under the St. Clair River Register a Notification of Receipt of Application for a Presidential Permit on [License No. 06/06–0347] AGENCY: Department of State. December 5, 2012 (Federal Register ACTION: Notice. Citation 77 FR 72430) and solicited Escalate Capital Partners SBIC III, L.P.; public comment on the application for Notice Seeking Exemption Under SUMMARY: On May 23, 2014, the a 30-day period, during which time it Section 312 of the Small Business Department of State (Department) issued received one public comment requesting Investment Act, Conflicts of Interest two Presidential Permits to Plains LPG the Department ensure the pipelines are Services, L.P. (Plains LPG) based on maintained and operated under Notice is hereby given that Escalate Plains LPG’s acquisition of six existing government environmental and safety Capital Partners SBIC III, L.P., 300 W. pipelines under the St. Clair River and oversight required by law. The 6th Street, Suite 2230, Austin, TX one existing pipeline under the Detroit Department notes that it is not 78701, a Federal Licensee under the River. Plains LPG had applied for new reconsidering the scope of authorization Small Business Investment Act of 1958, permits reflecting its ownership of the pipeline facilities, but it did not seek for use of the other four Plains LPG as amended (‘‘the Act’’), in connection pipelines under the St. Clair River, or any change or expansion of the previous with the financing of a small concern, the Plains LPG facilities under the authorizations for the pipelines’ use. has sought an exemption under Section Detroit River. The Presidential Permits issued in 2014 312 of the Act and Section 107.730, were intended to mirror previous Plains LPG is a Texas limited Financings which constitute Conflicts of authorizations from the 1970s, but the partnership with its principal place of Interest of the Small Business Department’s records were incomplete, business at 333 Clay Street, Suite 1600, Administration (‘‘SBA’’) Rules and particularly with regard to the six Houston, Texas 77002. Plains LPG is a Regulations (13 CFR part 107). Escalate pipelines under the St. Clair River in the subsidiary of Plains All American Capital Partners SBIC III, L.P. proposes vicinity of Marysville, Michigan. While Pipeline, L.P., a publicly traded master to provide debt financing to Everspring, Plains LPG’s application asserted that limited partnership organized under the Inc., 1007 Church Street, Suite 420, the appropriate authorization was for laws of the State of Delaware and Evanston, IL 60201. UTIMCO, an the transport of any ‘‘liquefied headquartered in Houston, Texas. Associate of Escalate Capital Partners hydrocarbons,’’ the Department issued The Department’s consideration of the SBIC III, L.P., holds an indirect one permit in 2014 for all of the St. Clair Presidential Permit for the St. Clair ownership interest in Everspring, Inc. of facilities authorizing the transport of pipeline facilities is pursuant to E.O. greater than 10 percent. Therefore, ‘‘light liquid hydrocarbons,’’ which 13337, which delegates to the Secretary Everspring, Inc. is an Associate of reflected the Department’s of State the President’s authority to Escalate Capital Partners SBIC III, L.P. understanding of how the St. Clair receive applications for permits for the pipelines were actually used in the construction, connection, operation, or The financing is brought within the 1970s and more recently. maintenance of a range of facilities at purview of § 107.730(a) of the After the new permits were issued, Regulations because Everspring, Inc. is the borders of the United States, Plains LPG provided new information including pipelines for liquid petroleum an Associate of Escalate Capital Partners that alters the Department’s products, and to issue or deny such SBIC III, L.P. Therefore this transaction understanding of the historic Presidential Permits upon a national requires a prior SBA exemption. authorization for two of the six St. Clair interest determination. The Department Notice is hereby given that any pipelines. These two pipelines were also is soliciting the views of concerned interested person may submit written constructed in 1918; they have an outer federal agencies. Consistent with E.O. comments on the transaction, within diameter of eight inches and have 13337, the Department will determine fifteen days of the date of this subsequently been fitted with five-inch whether issuance of a new Presidential publication, to the Associate diameter liners. Specifically, Plains LPG Permit for two of the St. Clair Pipeline Administrator for Investment and provided the Department with copies of border facilities, as discussed in this Innovation, U.S. Small Business correspondence from 1971 between the notice, would serve the U.S. national Administration, 409 Third Street SW., Department and Dome Petroleum Corp. interest. Washington, DC 20416. (the previous owner). In that correspondence Dome informed the DATES: Interested parties are invited to Mark L. Walsh, Department that it had acquired the two submit comments within 30 days of the St. Clair pipelines and that it planned to publication date of this notice on http:// asabaliauskas on DSK5VPTVN1PROD with NOTICES Associate Administrator, Office of Investment use them to transport ‘‘crude and other www.regulations.gov with regard to and Innovation. liquid hydrocarbons.’’ The Department whether issuing a new Presidential [FR Doc. 2016–01412 Filed 1–22–16; 8:45 am] wrote back to Dome acknowledging the Permit for two of the St. Clair pipelines BILLING CODE P letter and the company’s plans. The authorizing the transport of crude and 1918 Presidential Permit had authorized other liquid hydrocarbons would serve the transport of crude oil. the national interest. To submit a In light of this additional information, comment, go to http:// the Department is revisiting Plains www.regulations.gov, enter the title of VerDate Sep<11>2014 13:09 Jan 22, 2016 Jkt 238001 PO 00000 Frm 00066 Fmt 4703 Sfmt 4703 E:\FR\FM\25JAN1.SGM 25JAN1


Document Created: 2018-02-02 12:35:15
Document Modified: 2018-02-02 12:35:15
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 Citation81 FR 4080 
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