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U.S. Securities and Exchange Commission

SEC News Digest

Issue 2010-134
July 20, 2010

ENFORCEMENT PROCEEDINGS

Delinquent Filers' Stock Registrations Revoked

The registrations of the registered securities of SSE Telecom, Inc., Strategic Alliance Group, Inc., Stratasec, Inc. (n/k/a Cruisecam International, Inc.), Superfly Advertising, Inc. (f/k/a Morlex, Inc.), SVI Media, Inc., Symons International Group, Inc., Synergy Renewable Resources, Inc., and Syntech International, Inc. (n/k/a Avalon Technology Group, Inc.), have been revoked. Each had repeatedly failed to file required annual and quarterly reports with the Securities and Exchange Commission. Thus, each violated a crucial provision of the federal securities laws that requires public corporations to publicly disclose current, accurate financial information so that investors may make informed decisions. The revocations were ordered in an administrative proceeding before an administrative law judge. (Rel. 34-62532; File No. 3-13945)


SELF-REGULATORY ORGANIZATIONS

Immediate Effectiveness of Proposed Rule Changes

A proposed rule change filed by NASDAQ OMX PHLX relating to delta hedge exemptions (SR-Phlx-2010-93) 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 July 19. (Rel. 34-62504)

A proposed rule change filed by the International Securities Exchange relating to fee changes with respect to foreign currency options orders (SR-ISE-2010-67) has become effective pursuant to Section 19(b)(3)(A) of the Securities Exchange Act of 1934. Publication is expected in the Federal Register during the week of July 19. (Rel. 34-62506)

A proposed rule change filed by the International Securities Exchange to amend the qualification standards for market makers to receive a rebate for adding liquidity (SR-ISE-2010-68) has become effective pursuant to Section 19(b)(3)(A) of the Securities Exchange Act of 1934. Publication is expected in the Federal Register during the week of July 19. (Rel. 34-62507)

A proposed rule change filed by International Securities Exchange relating to fees and rebates for adding and removing liquidity (SR-ISE-2010-65) has become effective pursuant to Section 19(b)(3)(A) of the Securities Exchange Act of 1934. Publication is expected in the Federal Register during the week of July 19. (Rel. 34-62508)

A proposed rule change filed by NASDAQ OMX BX to extend a pilot program that allows for no minimum size order requirement for the price improvement period process until July 18, 2011 (SR-BX-2010-046) has become effective pursuant to Section 19(b)(3)(A) of the Securities Exchange Act of 1934. Publication is expected in the Federal Register during the week of July 19. (Rel. 34-62512)

A proposed rule change (SR-ISE-2010-75) filed by the International Securities Exchange relating to the extension of the Price Improvement Mechanism pilot program has become effective under Section 19(b)(3)(A) under the Securities Exchange Act of 1934. Publication is expected in the Federal Register during the week of July 19. (Rel. 34-62513)

A proposed rule change filed by EDGA Exchange (SR-EDGA-2010-07) to amend EDGA Rule 11.14 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 July 19. (Rel. 34-62516)

A proposed rule change filed by EDGX Exchange (SR-EDGX-2010-07) to amend EDGX Rule 11.14 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 July 19. (Rel. 34-62517)

A proposed rule change filed by the NASDAQ OMX PHLX relating to complex orders (SR-Phlx-2010-90) 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 July 19. (Rel. 34-62518)

A proposed rule change (SR-BX-2010-048) filed by NASDAQ OMX BX extending the pilot period to receive inbound routes of orders from Nasdaq Execution Services has become effective pursuant to Section 19(b)(3)(A) of the Securities Exchange Act of 1934. Publication is expected in the Federal Register during the week of July 19. (Rel. 34-62528)


Proposed Rule Change

The International Securities Exchange filed a proposed rule change (SR-ISE-2010-73) pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 and Rule 19b-4 thereunder to modify rules relating to Qualified Contingent Cross Orders. Publication is expected in the Federal Register during the week of July 19. (Rel. 34-62523)


Approval of Proposed Rule Change

The Commission approved a proposed rule change (SR-BATS-2010-008), as modified by Amendment No. 1 thereto, submitted by BATS Exchange pursuant to Rule 19b-4 under the Securities Exchange Act of 1934 to amend BATS Rules 2.5 and 17.2 to establish a registration requirement for principals. Publication is expected in the Federal Register during the week of July 19. (Rel. 34-62524)


SECURITIES ACT REGISTRATIONS


RECENT 8K FILINGS

 

http://www.sec.gov/news/digest/2010/dig072010.htm


Modified: 07/20/2010