Federal Register / Vol. 71, No.

144 / Thursday, July 27, 2006 / Notices 42687

on Thursday, July 27, 2006: An SECURITIES AND EXCHANGE II. Self-Regulatory Organization’s
adjudicatory matter. COMMISSION Statement of the Purpose of, and
The Commission determined that no Statutory Basis for, the Proposed Rule
earlier notice thereof was possible. [Release No. 34–54181; File No. SR–Amex– Change
At times, changes in Commission 2006–61] In its filing with the Commission, the
priorities require alterations in the Exchange included statements
Self-Regulatory Organizations; concerning the purpose of, and basis for,
scheduling of meeting items. For further
American Stock Exchange LLC; Notice the proposed rule change and discussed
information and to ascertain what, if
of Filing and Immediate Effectiveness any comments it received on the
any, matters have been added, deleted
of Proposed Rule Change and proposed rule change. The text of these
or postponed, please contact the Office
Amendment No. 1 Thereto Relating to statements may be examined at the
of the Secretary at (202) 551–5400. places specified in Item IV below. The
the Handling of Immediate or Cancel
Dated: July 25, 2006. Orders in Options Exchange has prepared summaries, set
Jill M. Peterson, forth in Sections A, B, and C below, of
July 20, 2006. the most significant aspects of such
Assistant Secretary.
[FR Doc. 06–6536 Filed 7–25–06; 11:14 am] Pursuant to Section 19(b)(1) of the statements.
BILLING CODE 8010–01–P
Securities Exchange Act of 1934 A. Self-Regulatory Organization’s
(‘‘Act’’),1 and Rule 19b–4 thereunder,2 Statement of the Purpose of, and
notice is hereby given that on June 26, Statutory Basis for, the Proposed Rule
SECURITIES AND EXCHANGE 2006, the American Stock Exchange LLC Change
COMMISSION (‘‘Amex’’ or ‘‘Exchange’’) filed with the
Securities and Exchange Commission 1. Purpose
[File No. 500–1] (‘‘Commission’’) the proposed rule The Exchange proposes to provide an
change as described in Items I, II and III interpretation in connection with the
In the Matter of Solomon Alliance below, which Items have been appropriate handling of IOC orders in
Group, Inc.; Order of Suspension of substantially prepared by the Exchange. options for the benefit of its members
Trading On July 18, 2006, the Exchange filed and the marketplace.
Amendment No. 1 to the proposed rule An IOC order in options, as set forth
July 25, 2006. change.3 The Exchange has designated in Amex Rule 950—ANTE(e)(v), is
It appears to the Securities and this proposal as constituting a stated defined as a market or limited price
policy, practice, or interpretation with order which is to be executed in whole
Exchange Commission that there is a
respect to the meaning, administration, or in part as soon as such order is
lack of current and accurate information
represented in the ANTE System. Any
concerning the securities of Solomon or enforcement of an existing rule of the
portion of an IOC order that is not so
Alliance Group, Inc. because it has not Exchange pursuant to Section
executed is treated as cancelled.
filed any periodic reports since the 19(b)(3)(A)(i) of the Act 4 and Rule 19b–
Consistent with Amex Rule 958A–
period ended September 30, 2001. 4(f)(1) thereunder,5 which renders the ANTE (‘‘Firm Quote Rule’’), IOC orders
The Commission is of the opinion that proposal effective upon filing with the must be executed as soon as they are
the public interest and the protection of Commission.6 The Commission is represented in ANTE. Amex Rule
investors require a suspension of trading publishing this notice to solicit 958A—ANTE(c) provides that the
in the securities of the above-listed comments on the proposed rule change, responsible broker or dealer 7 must
company. as amended, from interested persons. execute customer orders in an amount
I. Self-Regulatory Organization’s up to their published quotation size. In
Therefore, it is ordered, pursuant to
Statement of the Terms of Substance of connection with broker dealer orders,
section 12(k) of the Securities Exchange
the Proposed Rule Change the responsible broker or dealer is
Act of 1934, that trading in securities of obligated to execute broker-dealer
the above-listed company is suspended orders up to the quotation size
The Exchange proposes to clarify the
for the period from 9:30 a.m. EDT on established by the Exchange, which
appropriate handling of immediate or
July 25, 2006, through 11:59 p.m. EDT quotation size must be at least one (1)
cancel (‘‘IOC’’) orders in options.
on August 7, 2006. contract.
The text of the proposed rule change The appropriate handling of IOC
By the Commission.
is available on the Exchange’s Web site orders in a linked environment has
Jill M. Peterson, at http://www.amex.com, at the Office of become increasingly complex. Section
Assistant Secretary. the Secretary of the Exchange, and at the 8(c) of the intermarket options linkage
[FR Doc. 06–6535 Filed 7–25–06; 11:27 am] Commission’s Public Reference Room. plan 8 (‘‘Linkage Plan’’ or ‘‘Linkage’’)
BILLING CODE 8010–01–P
7 Amex Rule 958A—ANTE(a)(ii) includes
1 15
U.S.C. 78s(b)(1).
2 17
specialists and registered options traders in the
CFR 240.19b–4. definition of a responsible broker or dealer. Remote
3 In Amendment No. 1, the Exchange proposes to
registered options traders and supplemental
revise the proposed rule text to make it more clear. registered options traders are also included in the
4 15 U.S.C. 78s(b)(3)(A)(i). definition of responsible broker or dealer, subject to
5 17 CFR 240.19b–4(f)(1). certain conditions.
rwilkins on PROD1PC63 with NOTICES

8 See Plan for the Purpose of Creating and

6 For purposes of calculating the 60-day period
Operating an Intermarket Options Linkage,
within which the Commission may summarily Securities Exchange Act Release Nos. 43086 (July
abrogate the proposed rule change the Commission 28, 2000), 65 FR 48023 (August 4, 2000) (Amex,
considers the period to commence on July 18, 2006, CBOE and ISE); 43573 (November 14, 2000), 65 FR
the date on which the Exchange filed Amendment 70851 (November 28, 2000) (Phlx); 43574
No. 1. See 15 U.S.C. 78s(b)(3)(C). Continued

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