SEC News Digest

ENFORCEMENT PROCEEDINGS

In the Matter of Benguet Corp.

An Administrative Law Judge has issued an Order Making Findings and Revoking Registrations as to Three Respondents (Default Order) in the matter of Benguet Corp., et al. The Order Instituting Proceedings alleged that Benguet Corp., Clean Systems Technology Group, Ltd., Lumenon Innovative Lightwave Technology, Inc., Symbiat, Inc., Uniroyal Technology Corp., and Value Holdings, Inc. (n/k/a Galea Life Sciences, Inc.), each failed repeatedly to file required annual and quarterly reports while their securities were registered with the Commission.

On July 10 and July 17, 2008, the Commission accepted Offers of Settlement from Uniroyal Technology Corp. and Benguet Corp., respectively. On July 7, 2008, Value Holdings, Inc. (n/k/a Galea Life Sciences, Inc.), filed an Answer.

The Default Order finds these allegations to be true as to the remaining three Respondents. It revokes the registrations of each class of registered securities of Clean Systems Technology Group, Ltd., Lumenon Innovative Lightwave Technology, Inc., Symbiat, Inc., pursuant to Section 12(j) of the Securities Exchange Act of 1934. (Rel. 34-58304; File No. 3-13079)

SELF-REGULATORY ORGANIZATIONS

Proposed Rule Changes

American Stock Exchange filed a proposed rule change (SR-Amex-2008-62) under Section 19(b)(1) of the Securities Exchange Act of 1934 relating to the acquisition of Amex by NYSE Euronext. Publication is expected in the Federal Register during the week of August 4. (Rel. 34-58284)

New York Stock Exchange filed a proposed rule change (SR-NYSE-2008-60) under Section 19(b)(1) of the Securities Exchange Act of 1934 in connection with the proposed acquisition of the Amex Membership Corporation. Publication is expected in the Federal Register during the week of August 4. (Rel. 34-58285)

American Stock Exchange filed a proposed rule change (SR-Amex-2008-64) under Section 19(b)(1) of the Securities Exchange Act of 1934 to adopt new rule 478T to set forth the temporary procedures that will apply to disciplinary proceedings pending as of the closing date of the acquisition of Amex by NYSE Euronext. Publication is expected in the Federal Register during the week of August 4. (Rel. 34-58286)

SECURITIES ACT REGISTRATIONS

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RECENT 8K FILINGS

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http://www.sec.gov/news/digest/2008/dig080508.htm