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U.S. Securities and Exchange Commission

SEC News Digest

Issue 2008-230
November 28, 2008

ENFORCEMENT PROCEEDINGS

Commission Revokes Registration of Securities of Bellatrix International, Inc. For Failure to Make Required Periodic Filings

Today, the Commission revoked the registration of each class of registered securities of Bellatrix International, Inc. (Bellatrix) for failure to make required periodic filings with the Commission.

Without admitting or denying the findings in the Order, except as to jurisdiction, which it admitted, Bellatrix consented to the entry of an Order Making Findings and Revoking Registration of Securities Pursuant to Section 12(j) of the Securities Exchange Act of 1934 as to Bellatrix International, Inc. finding that it had failed to comply with Section 13(a) of the Securities Exchange Act of 1934 (Exchange Act) and Rules 13a-1 and 13a-13 thereunder and revoking the registration of each class of Bellatrix's securities pursuant to Section 12(j) of the Exchange Act. This order settled the charges brought against Bellatrix in In the Matter of B.B. Walker Co., et al., Administrative Proceeding File No. 3-13193.

Brokers and dealers should be alert to the fact that Exchange Act Section 12(j) provides, in pertinent part, as follows:

No member of a national securities exchange, broker, or dealer shall make use of the mails or any means or instrumentality of interstate commerce to effect any transaction in, or to induce the purchase or sale of, any security the registration of which has been and is suspended or revoked . . . .

For further information see Order Instituting Administrative Proceedings and Notice of Hearing Pursuant to Section 12(j) of the Securities Exchange Act of 1934, In the Matter of B.B. Walker Co., et al., Administrative Proceeding File No. 3-13193, Exchange Act Release No. 58540 (September 15, 2008). (Rel. 34-59026; File No. 3-13193)


INVESTMENT COMPANY ACT RELEASES

Wells Fargo Funds Trust, et al.

An order has been issued on an application filed by Wells Fargo Funds Trust, et al., under Section 6(c) of the Investment Company Act of 1940 (Act) for an exemption from Rule 12d1-2(a) under the Act. The order permits funds of funds relying on Rule 12d1-2 under the Act to invest in certain financial instruments. (IC-28524 - November 26)


SELF-REGULATORY ORGANIZATIONS

Immediate Effectiveness of Proposed Rule Changes

A proposed rule change (SR-NYSEALTR-2008-10) filed by NYSE Alternext US to conform its rules with those of the New York Stock Exchange has become effective under Section 19(b)(3)(A) of the Securities Exchange Act of 1934. Publication is expected in the Federal Register during the week of December 1. (Rel. 34-59022)

A proposed rule change filed by New York Stock Exchange (SR-NYSE-2008-123) to establish the minimum price variation of $0.0001 for orders and quotations in equity securities that are priced below $1.00 per share has become effective under Section 19(b)(3)(A) of the Securities Exchange Act of 1934. Publication is expected in the Federal Register during the week of December 1. (Rel. 34-59025)

A proposed rule change (SR-NYSEALTR-2008-11) filed by NYSE Alternext US establishing the minimum price variation of $0.0001 for orders and quotations in equity securities that are priced below $1.00 per share has become effective under Section 19(b)(3)(A) of the Securities Exchange Act of 1934. Publication is expected in the Federal Register during the week of December 1. (Rel. 34-59027)


Accelerated Approval of Proposed Rule Changes

The Commission noticed and granted accelerated approval to a proposed rule change (SR-NYSEArca-2008-126) submitted by NYSE Arca pursuant to Rule 19b-4 under the Securities Exchange Act of 1934 relating to listing of GreenHaven Continuous Commodity Index Fund. Publication is expected in the Federal Register during the week of December 1. (Rel. 34-58983)

The Commission noticed and granted accelerated approval to a proposed rule change (SR-NYSEALTR-2008-07), as modified by Amendment No. 1, submitted by NYSE Alternext pursuant to Rule 19b-4 under the Securities Exchange Act of 1934 to use its broker dealer affiliate, Archipelago Securities LLC as its routing broker. Publication is expected in the Federal Register during the week of December 1. (Rel. 34-59009)

The Commission noticed and granted accelerated approval to a proposed rule change (SR-NYSEArca-2008-130) submitted by NYSE Arca pursuant to Rule 19b-4 under the Securities Exchange Act of 1934 to expand the exception to NYSE Arca Equities Rule 3.10 to allow Archipelago Securities to route orders to NYSE Arca. Publication is expected in the Federal Register during the week of December 1. (Rel. 34-59010)

The Commission noticed and granted accelerated approval to a proposed rule change (SR-NYSE-2008-122) submitted by the New York Stock Exchange pursuant to Rule 19b-4 under the Securities Exchange Act of 1934 to expand the exception to NYSE Rule 2B to allow Archipelago Securities LLC to route orders to the NYSE in its capacity as an order routing facility of NYSE Alternext US LLC. Publication is expected in the Federal Register during the week of December 1. (Rel. 34-59011)


Proposed Rule Change

The NASDAQ Stock Market has filed a proposed rule change (SR-NASDAQ-2008-084) pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 to require limited partnerships to obtain shareholder approval for the use of equity compensation and make other clarifying changes to the listing requirements for limited partnerships. Publication is expected in the Federal Register during the week of December 1. (Rel. 34-59014)


SECURITIES ACT REGISTRATIONS


RECENT 8K FILINGS

 

http://www.sec.gov/news/digest/2008/dig112808.htm


Modified: 11/28/2008