Following is a schedule of Commission meetings, which will be conducted under provisions of the Government in the Sunshine Act. Meetings will be scheduled according to the requirements of agenda items under consideration.
Open meetings will be held in the Auditorium, Room L-002 at the Commission's headquarters building, 100 F Street, N.E., Washington, D.C. Visitors are welcome at all open meetings, insofar as space is available. Persons wishing to photograph or videotape Commission meetings must obtain permission in advance from the Secretary of the Commission. Persons wishing to tape record a Commission meeting should notify the Secretary's office 48 hours in advance of the meeting.
Any member of the public who requires auxiliary aids such as a sign language interpreter or material on tape to attend a public meeting should contact SECInterpreter@SEC.gov at least three business days in advance. For any other reasonable accommodation related disability contact DisabilityProgramOfficer or call 202-551-4158.
Open Meeting - Tuesday, March 30, 2010 - 2:00 p.m.
The subject matter of the March 30, 2010 Open Meeting will be:
The Commission will hear oral argument in an appeal by vFinance Investments, Inc., a registered broker-dealer (Firm), and Richard Campanella, the Firm's former chief compliance officer (together with the Firm, "Respondents") from the decision of an administrative law judge. The law judge found that the Firm willfully violated Section 17(a) of the Securities Exchange Act of 1934 and Rules 17a-4(b)(4) and 17a-4(j) thereunder, by failing to preserve and promptly produce electronic communications, and that Campanella willfully aided and abetted and caused these violations. The law judge ordered Respondents to cease and desist, censured Campanella, and fined the Firm $100,000 and Campanella $30,000.
Closed Meeting - Tuesday, March 30, 2010 - 3:00 p.m.
The subject matter of the March 30, 2010 Closed Meeting will be: post argument discussion.
At times, changes in Commission priorities require alterations in the scheduling of meeting items. For further information and to ascertain what, if any, matters have been added, deleted or postponed, please contact: The Office of the Secretary at (202) 551-5400.
In the Matter of Corridor Communications Corp.
An Administrative Law Judge has issued an Order Making Findings and Revoking Registrations by Default As To Seven Respondents (Default Order) in Corridor Communications Corp., Administrative Proceeding No. 3-13805. The Order Instituting Proceedings alleged that eight Respondents failed repeatedly to file required annual and quarterly reports while their securities were registered with the Securities and Exchange Commission. The Default Order finds these allegations to be true as to seven of them and revokes the registrations of each class of registered securities of Corridor Communications Corp., International Cosmetics Marketing Co., PNV, Inc., Pre-Cell Solutions, Inc., Questron Technology, Inc. (n/k/a Quti Corp.), Tapistron International, Inc., and Telscape International, Inc. (n/k/a Scapetel Debtor, Inc.), pursuant to Section 12(j) of the Securities Exchange Act of 1934.
The eighth Respondent, Universal Beverages Holdings Corp., filed an Answer and the proceeding remains active as to it. (Rel. 34-61758; File No. 3-13805)
SEC Suspends Joseph P. Collins, Esq. from Practicing Before the Commission
On March 23, 2010, the Commission issued an Order of Suspension Pursuant to Rule 102(e)(2) of the Commission's Rules of Practice (Order) suspending Joseph P. Collins, Esq. from appearing or practicing before the Commission as an attorney. The Order finds that on March 17, 2010, a judgment of conviction was entered against Collins, an attorney admitted to practice law in Illinois, in the U.S. District Court for the Southern District of New York finding him guilty of conspiracy, securities fraud, and wire fraud. Collins was convicted for his role in fraudulent conduct that occurred at Refco Group Ltd., a former financial services firm that was his longtime client, and its corporate successor, Refco Inc. Collins was sentenced to 7 years imprisonment in a federal correctional facility.
Based on the judgment of conviction entered against him, the Order suspends Collins forthwith from appearing or practicing before the Commission as an attorney pursuant to Rule 102(e)(2) of the Commission's Rules of Practice. (Rel. 34-61761; File No. 3-13826)
In the Matter of Senior Resources of Hawaii, Inc.
On March 23, 2010, the Commission issued an Order Instituting Administrative Proceedings Pursuant to Section 203(f) of the Investment Advisers Act of 1940, Making Findings, and Imposing Remedial Sanctions (Order) against Mark K. Teruya.
The Order finds that on March 1, 2010, Mark K. Teruya (Teruya) was enjoined by the United States District Court for the District of Hawaii. The Order further finds that the complaint filed by the Commission made the following allegations: Teruya fraudulently induced senior citizen clients and prospective clients to sign documents enabling him to liquidate their securities holdings by misrepresenting the purpose of the forms to the clients. Teruya would then use the forms to purchase insurance products and establish new investment accounts, without the clients' authorization or knowledge, for which he would receive a commission or an advisory fee.
Based on the above, the Order bars Mark K. Teruya from association with any investment adviser. Mark K. Teruya consented to the issuance of the Order without admitting or denying any of the findings except as to the entry of the final judgment. (Rel. IA-3007; File No. 3-13827)
INVESTMENT COMPANY ACT RELEASES
Millington Securities, Inc. and Millington Unit Investment Trusts
An order has been issued on an application filed by Millington Securities, Inc. (Depositor) and Millington Unit Investment Trusts under Section 6(c) of the Investment Company Act for exemptions from Sections 2(a)(32), 2(a)(35), 14(a), 19(b), 22(d) and 26(a)(2)(C) of the Act and Rules 19b-1 and 22c-1 under the Act, and under Sections 11(a) and 11(c) of the Act to approve certain offers of exchange and rollover privileges. The order would permit certain unit investment trusts to: (a) impose sales charges on a deferred basis and waive the deferred sales charge in certain cases; (b) offer unitholders certain exchange and rollover privileges; (c) publicly offer units without requiring the Depositor to take for its own account or place with others $100,000 worth of units; and (d) distribute capital gains resulting from the sale of portfolio securities within a reasonable time after receipt. (Rel. IC-29177 - March 22)
Proposed Rule Changes
The Commission issued notice of filing of a proposed rule change (SR-ISE-2010-19) submitted by the International Securities Exchange pursuant to Rule 19b-4 under the Securities Exchange Act of 1934, to list and trade options on the ETFS Palladium Trust and the ETFS Platinum Trust. Publication is expected in the Federal Register during the week of March 22. (Rel. 34-61742)
The Commission issued notice of a proposed rule change submitted by the New York Stock Exchange (SR-NYSE-2010-23) pursuant to Rule 19b-4 under the Securities Exchange Act of 1934 deleting NYSE Rule 446 and adopting New Rule 4370 to correspond with rule changes filed by the Financial Industry Regulatory Authority and to conform them with changes to corresponding rules submitted in a companion filing by NYSE Amex (SR-NYSEAmex-2010-26). Publication is expected in the Federal Register during the week of March 22. (Rel. 34-61743)
The Commission issued notice of a proposed rule change submitted by NYSE Amex (SR-NYSEAmex-2010-26) pursuant to Rule 19b-4 under the Securities Exchange Ac of 1934 deleting Rule 446 - NYSE Amex Equities and adopting new Rule 4370 - NYSE Amex Equities to correspond with rule changes filed by the Financial Industry Regulatory Authority and to conform them with changes to corresponding rules submitted in a companion filing by the New York Stock Exchange (SR-NYSE-2010-23). Publication is expected in the Federal Register during the week of March 22. (Rel. 34-61744)
The Commission issued notice of a proposed rule change submitted by NYSE Arca (SR-NYSEArca-2010-15) pursuant to Rule 19b-4 under the Securities Exchange Act of 1934 to amend its schedule of fees and charges for exchange services. Publication is expected in the Federal Register during the week of March 22. (Rel. 34-61748)
SECURITIES ACT REGISTRATIONS
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