SEC News Digest

ENFORCEMENT PROCEEDINGS

Securities and Exchange Commission Orders Hearing on Registration Revocation Against Ten Public Companies for Failure to Make Required Periodic Filings

Today the Commission instituted public administrative proceedings to determine whether to revoke or suspend for a period not exceeding twelve months the registrations of each class of the securities of ten companies for failure to make required periodic filings with the Commission:

• Platinum & Gold, Inc.
• PNI Technologies, Inc. (PNLG)
• Pride Business Development Holdings, Inc. (PDVG)
• Probex Corp. (PRBX)
• Property Capital Trust, Inc.
• Protech, Inc.
• Provell, Inc.
• PSINet, Inc.
• PT. Inti Indorayon Utama (n/k/a P.T. Toba Pulp Lestari Tbk)
• PT. Riau Andalan Pulp & Paper

In this Order, the Division of Enforcement (Division) alleges that the ten issuers are delinquent in their required periodic filings with the Commission.

In this proceeding, instituted pursuant to Exchange Act Section 12(j), a hearing will be scheduled before an Administrative Law Judge. At the hearing, the Administrative Law Judge will hear evidence from the Division and the Respondents to determine whether the allegations of the Division contained in the Order, which the Division alleges constitute failures to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 or 13a-16 thereunder, are true. The Administrative Law Judge in the proceeding will then determine whether the registrations pursuant to Exchange Act Section 12 of each class of the securities of these Respondents should be revoked or suspended for a period not exceeding twelve months. The Commission ordered that the Administrative Law Judge in this proceeding issue an initial decision not later than 120 days from the date of service of the order instituting proceedings. (Rel. 34-61532; File No. 3-13783)

SELF-REGULATORY ORGANIZATIONS

Proposed Rule Changes

A proposed rule change (SR-FINRA 2010-006) has been filed by the Financial Industry Regulatory Authority pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 and Rule 19b-4 thereunder regarding a proposal to amend the Codes of Arbitration Procedure to provide for attorney representation of non-party witnesses in arbitration. Publication is expected in the Federal Register during the week of February 15. (Rel. 34-61517)

NYSE Arca filed a proposed rule change (SR-NYSEArca-2010-04) pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 and Rule 19b-4 thereunder relating to the WisdomTree Real Return Fund. Publication is expected in the Federal Register during the week of February 15. (Rel. 34-61519)

The NASDAQ Stock Market filed a proposed rule change under Rule 19b-4 (SR-NASDAQ-2010-015) to apply retroactively a correction of a typographical error in Rule 7018. Publication is expected in the Federal Register during the week of February 15. (Rel. 34-61524)

Immediate Effectiveness of Proposed Rule Changes

A proposed rule change filed by New York Stock Exchange (SR-NYSE-2010-06) extending the waiver of all transaction fees for shares executed on the NYSE MatchPointSM System 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 February 15. (Rel. 34-61520)

A proposed rule change (SR-NASDAQ-2010-008) filed by The NASDAQ Stock Market to modify the prior notification requirements when companies release material information outside of Nasdaq market hours 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 February 15. (Rel. 34-61521)

A proposed rule change (SR-ISE-2010-12) filed by the International Securities Exchange to modify trading hours for foreign currency options 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 February 15. (Rel. 34-61522)

A proposed rule change filed by the Chicago Board Options Exchange (SR-CBOE-2010-013) relating to the CBSX Market Data Infrastructure Fee 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 February 15. (Rel. 34-61523)

SECURITIES ACT REGISTRATIONS

• Latest Securities Act registrations (TXT)

RECENT 8K FILINGS

• Latest 8-K filings (TXT)

http://www.sec.gov/news/digest/2010/dig021810.htm