81 FR 68492 - In the Matter of Rainbow International, Corp., a/k/a Raintree Brands Incorporated; Order of Suspension of Trading

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 192 (October 4, 2016)

Page Range		68492-68493
FR Document		2016-24062

Federal Register, Volume 81 Issue 192 (Tuesday, October 4, 2016)

[Federal Register Volume 81, Number 192 (Tuesday, October 4, 2016)]
[Notices]
[Pages 68492-68493]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-24062]


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SECURITIES AND EXCHANGE COMMISSION

[File No. 500-1]


In the Matter of Rainbow International, Corp., a/k/a Raintree 
Brands Incorporated; Order of Suspension of Trading

September 30, 2016.
    It appears to the Securities and Exchange Commission 
(``Commission'') that there is a lack of current and accurate 
information concerning the securities of Rainbow International, Corp. 
(CIK No. 0001522538) (``Rainbow'') because Rainbow has confirmed for 
the Commission staff that the company is no longer operating. In 
addition, there is a lack of accurate information concerning the 
securities of Rainbow because in Form 8-Ks filed with the Commission on 
May 5, 2014, May 12, 2014, and Sept. 4, 2014 by Rainbow, the company 
appears to have made false and misleading statements concerning, among 
other things, a purported acquisition, company business relationships, 
its purported development of products, purported rental revenues, and a 
purported purchase of company shares by a company officer. The company 
appears not to have made any information publicly available about 
itself for approximately two years. Rainbow, also known as Raintree 
Brands Incorporated, is a Nevada corporation in default whose principal 
place of business is listed as Centennial, Colorado. Rainbow shares are 
quoted on OTC Link, operated by OTC Markets Group, Inc., under the 
ticker symbol ``RNBI.''
    The Commission is of the opinion that the public interest and the 
protection of investors require a suspension of trading in the 
securities of Rainbow.

[[Page 68493]]

    Therefore, it is ordered, pursuant to Section 12(k) of the Exchange 
Act, that trading in the securities of Rainbow International, Corp. is 
suspended for the period from 9:30 a.m. EDT on September 30, 2016, 
through 11:59 p.m. EDT on October 13, 2016.

    By the Commission.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2016-24062 Filed 9-30-16; 4:15 pm]
 BILLING CODE 8011-01-P

68492 Federal Register / Vol. 81, No. 192 / Tuesday, October 4, 2016 / Notices

SECURITIES AND EXCHANGE Section 19(b)(2) of the Act 5 provides (previously ‘‘Pink Sheets’’) operated by
COMMISSION that within 45 days of the publication of OTC Markets Group, Inc.
notice of the filing of a proposed rule The Commission is of the opinion that
[Release No. 34–78965; File No. SR–FINRA– the public interest and the protection of
2016–032]
change, or within such longer period up
to 90 days as the Commission may investors require a suspension of trading
Self-Regulatory Organizations; designate if it finds such longer period in the securities of Sierra Resource
Financial Industry Regulatory to be appropriate and publishes its Group, Inc. Therefore, it is ordered,
Authority, Inc.; Notice of Designation reasons for so finding, or as to which the pursuant to Section 12(k) of the
of a Longer Period for Commission self-regulatory organization consents, Securities Exchange Act of 1934, that
Action on Proposed Rule Change the Commission shall either approve the trading in the securities of Sierra
Relating to FINRA Rule 2232 proposed rule change, disapprove the Resource Group, Inc. is suspended for
(Customer Confirmations) To Require proposed rule change, or institute the period from 9:30 a.m. EDT on
Members To Disclose Additional proceedings to determine whether the September 29, 2016, through 11:59 p.m.
Pricing Information on Retail Customer proposed rule change should be EDT on October 12, 2016.
Confirmations Relating to disapproved. The 45th day after By the Commission.
Transactions in Fixed Income publication of the notice for this Brent J. Fields,
Securities proposed rule change is October 3,
Secretary.
2016. The Commission is extending this
September 28, 2016. 45-day time period. [FR Doc. 2016–23996 Filed 9–29–16; 4:15 pm]
On August 12, 2016, Financial The Commission finds it appropriate BILLING CODE 8011–01–P
Industry Regulatory Authority, Inc. to designate a longer period within
(‘‘FINRA’’) filed with the Securities and which to take action on the proposed
Exchange Commission (‘‘Commission’’), rule change so that it has sufficient time SECURITIES AND EXCHANGE
pursuant to Section 19(b)(1) of the to consider this proposed rule change. COMMISSION
Securities Exchange Act of 1934 Accordingly, the Commission, pursuant [File No. 500–1]
(‘‘Act’’) 1 and Rule 19b–4 thereunder,2 a to Section 19(b)(2) of the Act,6
proposed rule change to amend FINRA designates November 17, 2016, as the In the Matter of Rainbow International,
Rule 2232 to require its members to date by which the Commission shall Corp., a/k/a Raintree Brands
disclose additional pricing information either approve or disapprove, or Incorporated; Order of Suspension of
on retail customer confirmations institute proceedings to determine Trading
relating to transactions in fixed income whether to disapprove, the proposed
securities. The proposed rule change September 30, 2016.
rule change (File No. SR–FINRA–2016–
was published for comment in the It appears to the Securities and
032).
Federal Register on August 19, 2016.3 Exchange Commission (‘‘Commission’’)
For the Commission, by the Division of that there is a lack of current and
The Commission has received nine Trading and Markets, pursuant to delegated
comments on the proposal.4 accurate information concerning the
authority.7
securities of Rainbow International,
Robert W. Errett,
1 15 U.S.C. 78s(b)(1). Corp. (CIK No. 0001522538)
2 17
Deputy Secretary. (‘‘Rainbow’’) because Rainbow has
CFR 240.19b–4.
3 See Securities Exchange Act Release No. 78573 [FR Doc. 2016–23905 Filed 10–3–16; 8:45 am] confirmed for the Commission staff that
(Aug. 15, 2016), 81 FR 55500. BILLING CODE 8011–01–P the company is no longer operating. In
4 See Letter from Manisha Kimmel, Chief
addition, there is a lack of accurate
Regulatory Officer, Wealth Management, Thomson
Reuters to Brent J. Fields, Secretary, Securities and information concerning the securities of
SECURITIES AND EXCHANGE Rainbow because in Form 8–Ks filed
Exchange Commission (Sept. 19, 2016); Letter from
Mary Lou Von Kaenel, Managing Director, Financial COMMISSION with the Commission on May 5, 2014,
Information Forum to Robert W. Errett, Deputy May 12, 2014, and Sept. 4, 2014 by
[File No. 500–1]
Secretary, Securities and Exchange Commission
(Sept. 9, 2016); Letter from Sean Davy, Managing Rainbow, the company appears to have
Director, Capital Markets Division and Leslie M. In the Matter of Sierra Resource Group, made false and misleading statements
Norwood, Managing Director and Associate General Inc.; Order of Suspension of Trading concerning, among other things, a
Counsel, Municipal Securities Division, SIFMA to purported acquisition, company
Robert W. Errett, Deputy Secretary, Securities and September 29, 2016.
Exchange Commission (Sept. 9, 2016); Letter from business relationships, its purported
It appears to the Securities and
Norman L. Ashkenas, Chief Compliance Officer, development of products, purported
Exchange Commission that there is a
Fidelity Brokerage Services, LLC and Richard J. rental revenues, and a purported
O’Brien, Chief Compliance Officer, National lack of current and accurate information
purchase of company shares by a
Financial Services, LLC to Brent J. Fields, Secretary, concerning the securities of Sierra
Securities and Exchange Commission (Sept. 9, company officer. The company appears
Resource Group, Inc. (CIK No. 1076966)
2016); Letter from Mike Nicholas, Chief Executive not to have made any information
because it has not filed a periodic report
Officer, Bond Dealers of America to Brent J. Fields, publicly available about itself for
Secretary, Securities and Exchange Commission since it filed its Form 10–Q for the
approximately two years. Rainbow, also
(Sept. 9, 2016); Letter from Robert J. McCarthy, period ending September 30, 2013, filed
Director of Regulatory Policy, Wells Fargo Advisors, known as Raintree Brands Incorporated,
on November 19, 2013. Sierra Resource
LLC to Robert W. Errett, Deputy Secretary, is a Nevada corporation in default
Group, Inc. is a Nevada corporation
Securities and Exchange Commission (Sept. 9, whose principal place of business is
2016); Letter from Scott A. Eichhorn, Practitioner in with its principal offices in Las Vegas,
listed as Centennial, Colorado. Rainbow
mstockstill on DSK3G9T082PROD with NOTICES

Residence and Supervising Attorney, Investor Nevada. The company’s common stock
Rights Clinic, University of Miami, et al., to Brent shares are quoted on OTC Link,
(ticker ‘‘SIRG’’) is quoted on OTC Link
Fields, Secretary, Securities and Exchange operated by OTC Markets Group, Inc.,
Commission (Sept. 8, 2016); Letter from Manisha
Secretary, Securities and Exchange Commission
under the ticker symbol ‘‘RNBI.’’
Kimmel, Chief Regulatory Officer, Wealth The Commission is of the opinion that
Management, Thomson Reuters to Brent J. Fields, (Sept. 7, 2016).
Secretary, Securities and Exchange Commission
5 15 U.S.C. 78s(b)(2). the public interest and the protection of
(Sept. 8, 2016); and Letter from Hugh Berkson, 6 Id. investors require a suspension of trading
President, PIABA to Robert W. Errett, Deputy 7 17 CFR 200.30–3(a)(31). in the securities of Rainbow.

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Federal Register / Vol. 81, No. 192 / Tuesday, October 4, 2016 / Notices 68493

Therefore, it is ordered, pursuant to may designate if it finds such longer proposal as a ‘‘non-controversial’’
Section 12(k) of the Exchange Act, that period to be appropriate and publishes proposed rule change pursuant to
trading in the securities of Rainbow its reasons for so finding or as to which Section 19(b)(3)(A) of the Act 3 and Rule
International, Corp. is suspended for the the self-regulatory organization 19b-4(f)(6)(iii) thereunder,4 which
period from 9:30 a.m. EDT on consents, the Commission shall approve renders it effective upon filing with the
September 30, 2016, through 11:59 p.m. the proposed rule change, disapprove Commission. The Commission is
EDT on October 13, 2016. the proposed rule change, or institute publishing this notice to solicit
By the Commission. proceedings to determine whether the comments on the proposed rule change
Jill M. Peterson, proposed rule change should be from interested persons.
disapproved. The Commission is
Assistant Secretary. I. Self-Regulatory Organization’s
extending this 45-day time period.
[FR Doc. 2016–24062 Filed 9–30–16; 4:15 pm] The Commission finds that it is Statement of the Terms of Substance of
BILLING CODE 8011–01–P appropriate to designate a longer period the Proposed Rule Change
within which to take action on the The Exchange filed a proposal to
proposed rule change so that it has update Rules 21.1, 21.7 and 21.9 to align
SECURITIES AND EXCHANGE sufficient time to consider the proposed the Exchange’s rules and functionality
COMMISSION rule change. Accordingly, the applicable to the Exchange’s options
[Release No. 34–78968; File No. SR– Commission, pursuant to Section platform (‘‘BZX Options’’) with the
NYSEMKT–2016–63] 19(b)(2) of the Act,6 designates Exchange’s affiliated options platform
November 24, 2016, as the date by (‘‘EDGX Options’’), which is operated by
Self-Regulatory Organizations; NYSE which the Commission should approve, Bats EDGX Exchange, Inc. (‘‘EDGX’’).
MKT LLC; Notice of Designation of disapprove, or institute proceedings to The Exchange has designated this
Longer Period for Commission Action determine whether to disapprove the proposal as a non-controversial filing
on a Proposed Rule Change Amending proposed rule change (File No. SR– and requests that the Commission waive
the Co-Location Services Offered by NYSEMKT–2016–63). the 30-day operative delay contained in
the Exchange To Add Certain Access Rule 19b–4(f)(6)(iii) under the Act.5 If
For the Commission, by the Division of
and Connectivity Fees such waiver is granted by the
Trading and Markets, pursuant to delegated
September 28, 2016. authority.7 Commission, the Exchange shall
On August 16, 2016, NYSE MKT LLC Robert W. Errett, implement this rule proposal
(the ‘‘Exchange’’ or ‘‘NYSE MKT’’) filed Deputy Secretary. immediately.
The text of the proposed rule change
with the Securities and Exchange [FR Doc. 2016–23908 Filed 10–3–16; 8:45 am]
is available at the Exchange’s Web site
Commission (‘‘Commission’’), pursuant BILLING CODE 8011–01–P
at www.batstrading.com, at the
to Section 19(b)(1) of the Securities
principal office of the Exchange, and at
Exchange Act of 1934 (‘‘Act’’) 1 and Rule
the Commission’s Public Reference
19b–4 thereunder,2 a proposed rule SECURITIES AND EXCHANGE
Room.
change (1) to provide additional COMMISSION
information regarding access to various [Release No. 34–78964; File No. SR–
II. Self-Regulatory Organization’s
trading and execution services; BatsBZX–2016–59] Statement of the Purpose of, and
connectivity to market data feeds and Statutory Basis for, the Proposed Rule
testing and certification feeds; Self-Regulatory Organizations; Bats Change
connectivity to third party systems; and BZX Exchange, Inc.; Notice of Filing In its filing with the Commission, the
connectivity to DTCC provided to Users and Immediate Effectiveness of a Exchange included statements
using data center local area networks; Proposed Rule Change To Update BZX concerning the purpose of and basis for
and (2) to establish fees relating to a Rules 21.1, 21.7 and 21.9 To Align the the proposed rule change and discussed
User’s access to various trading and Exchange’s Rules and Functionality any comments it received on the
execution services; connectivity to Applicable to the Exchange’s Options proposed rule change. The text of these
market data feeds and testing and Platform, BZX Options, With the statements may be examined at the
certification feeds; connectivity to Exchange’s Affiliated Options places specified in Item IV below. The
DTCC; and other services. The proposed Platform, EDGX Options, Which Is Exchange has prepared summaries, set
rule change was published for comment Operated by Bats EDGX Exchange, Inc. forth in Sections A, B, and C below, of
in the Federal Register on August 26, the most significant parts of such
2016.3 The Commission received no September 28, 2016.
Pursuant to Section 19(b)(1) of the statements.
comments in response to the proposed
rule change.4 Securities Exchange Act of 1934 (the A. Self-Regulatory Organization’s
Section 19(b)(2) of the Act 5 provides ‘‘Act’’),1 and Rule 19b-4 thereunder,2 Statement of the Purpose of, and the
that, within 45 days of the publication notice is hereby given that on Statutory Basis for, the Proposed Rule
of the notice of the filing of a proposed September 19, 2016, Bats BZX Change
rule change, or within such longer Exchange, Inc. (the ‘‘Exchange’’ or
‘‘BZX’’) filed with the Securities and 1. Purpose
period up to 90 days as the Commission
Exchange Commission (‘‘Commission’’) The Exchange proposes to make two
1 15 U.S.C. 78s(b)(1). the proposed rule change as described changes to the Exchange’s rules and
mstockstill on DSK3G9T082PROD with NOTICES

2 17 CFR 240.19b–4. in Items I and II below, which Items functionality applicable to the BZX
3 See Securities Exchange Act Release No. 34–
have been prepared by the Exchange. Options as described below. The
78629 (August 22, 2016), 81 FR 58992. changes are being proposed in order to
4 The Commission notes that it did receive one
The Exchange has designated this
comment letter on a related filing, NYSE–2016–45,
allow the Exchange to conform certain
6 Id.
which is equally relevant to this filing.
7 17 CFR 200.30–3(a)(57). 3 15 U.S.C. 78s(b)(3)(A).
In response to the comment letter, the NYSE
submitted a response. 1 15 U.S.C. 78s(b)(1). 4 17 CFR 240.19b–4(f)(6)(iii).
5 15 U.S.C. 78s(b)(2). 2 17 CFR 240.19b–4. 5 17 CFR 240.19b–4(f)(6)(iii).

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Document Created: 2016-10-04 03:03:24
Document Modified: 2016-10-04 03:03:24

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 68492