Federal Register / Vol. 74, No. 185 / Friday, September 25, 2009 / Notices 49061 

11 In approving this proposed rule change, the 

Commission notes that it has considered the 

proposed rule’s impact on efficiency, competition, 

and capital formation. See 15 U.S.C. 78c(f). 

12 15 U.S.C. 78(b)(1). 

13 15 U.S.C. 78f(b)(5). 

14Securities Exchange Act Release No. 55293 

(February 14, 2007), 72 FR 8033 (February 22, 2007) 

(SR–NYSE–2006–120). 

15See Securities Exchange Act Release Nos. 

60276 (July 9, 2009), 74 FR 34840 (July 17, 2009) 

(SR–NASDAQ–2009–042) and 60247 (July 17, 

2009), 74 FR 33495 (July 13, 2009) (SR–BX–2009– 

021). 

16 15 U.S.C. 78s(b)(2). 

17 17 CFR 200.30–3(a)(12). 

administering any regulatory services 

agreements with another self-regulatory 

organization to which the Exchange is a 

party. The revised By-Laws would 

require the chief regulatory officer to 

meet with the regulatory oversight 

committee in executive session at 

regularly scheduled meetings, and at 

any time upon request of the chief 

regulatory officer or any member of the 

committee. 

Finally, Phlx proposes to replace its 

Referee with an Options Trade Review 

Committee, and, as more fully described 

in the Notice, make conforming changes 

to the Exchange’s rules and one of its 

Options Floor Procedure Advices. 

Currently, the Exchange’s By-Laws and 

rules provide that the Referee is an 

Exchange employee (or independent 

contractor), supervised by the audit 

committee, who reviews Options 

Exchange Official rulings concerning 

the nullification and/or adjustment of 

transactions. In addition, the Referee 

can act in the capacity of an Options 

Exchange Official respecting initial 

rulings concerning requests for relief 

from the requirements of certain 

Exchange rules, Equity Floor Procedure 

Advices and Option Floor Procedure 

Advices. The proposed new Options 

Trade Review Committee would review 

Options Exchange Official rulings, but 

would not act in the capacity of an 

Options Exchange Official, even though 

the Referee was able to do so. In light 

of the time sensitivity of rendering 

trading decisions, the Exchange would 

allow the Options Trade Review 

Committee to act through a panel with 

a minimum of three committee 

members, of which no more than 50% 

may be engaged in market making 

activity or employed by an Exchange 

Member Organization whose revenues 

from market making activity exceed 

10% of its total revenues. When needed, 

a panel would be selected by Exchange 

regulatory staff from the Committee 

members on a rotating basis, taking into 

consideration availability and prompt 

response as well as frequency of service, 

and the importance of assembling a 

panel quickly. Appeals of Options 

Exchange Official decisions would be 

presented to the panel on an anonymous 

basis to reduce the risk of conflict or 

bias. Committee decisions, like Referee 

decisions, would not be appealable. 

The Options Trade Review Committee 

would be appointed by the Exchange’s 

Board pursuant to new By-Law Article 

X, Section 10–10 as a standing 

committee of the Board and would 

include a number of Member 

Representative members equal to at least 

20% of the total number of members of 

the Committee. No more than 50% of 

committee members can be engaged in 

market making activity or employed by 

an Exchange Member Organization 

whose revenues from market making 

activity exceed 10% of its total 

revenues. 

II. Discussion and Commission 

Findings 

After careful review, the Commission 

finds that the proposed rule change is 

consistent with the requirements of the 

Act and the rules and regulations 

thereunder applicable to a national 

securities exchange.11 In particular, the 

Commission finds that the proposed 

rule change is consistent with Section 

6(b)(1) of the Act,12 which requires a 

national securities exchange to be so 

organized and have the capacity to carry 

out the purposes of the Act and to 

comply, and to enforce compliance by 

its members and persons associated 

with its members, with the provisions of 

the Act. The Commission also finds that 

the proposed rule change is consistent 

with Section 6(b)(5) of the Act,13 in that 

it is designed, among other things, to 

prevent fraudulent and manipulative 

acts and practices, to promote just and 

equitable principles of trade, to remove 

impediments to and perfect the 

mechanism of a free and open market 

and a national market system, and, in 

general, to protect investors and the 

public interest. 

The Commission finds that the 

proposed elimination of the Phlx’s audit 

and management compensation 

committees is consistent with the Act. 

The Commission previously approved a 

structure in which certain committees of 

the board of directors of NYSE 

Euronext, including the audit and 

compensation committees, were 

authorized to perform functions for 

various subsidiaries, including the New 

York Stock Exchange, LLC (‘‘NYSE’’).14

More recently, the Commission 

approved proposals by the NASDAQ 

Exchange and BX to eliminate their 

respective audit and compensation 

committees.15

The Commission further finds that the 

elimination of the Referee position and 

its replacement with the Options Trade 

Review Committee is consistent with 

the Act. The compositional 

requirements for the Committee and 

committee panels, the rotating service of 

panel members, and the anonymous 

presentation of appeals of Options 

Exchange Official decisions to a panel of 

the Committee are designed to assure 

impartial review of those decisions. 

Finally, the Commission finds that the 

proposals relating to codifying the 

position of chief regulatory officer and 

creating a regulatory oversight 

committee to oversee all regulatory 

initiatives are designed to allow the 

Exchange to carry out its regulatory 

obligations and are consistent with the 

Act. 

III. Conclusion 

It is therefore ordered, pursuant to 

Section 19(b)(2) of the Act,16 that the 

proposed rule change (SR–Phlx–2009– 

59), as modified by Amendment Nos. 1 

and 2, be, and it hereby is, approved. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.17

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. E9–23096 Filed 9–24–09; 8:45 am] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[File No. 500–1] 

AEI Transportation Holdings, Inc.; The 

Alcar Chemicals Group, Inc.; China 

Adnet Enterprises Inc.; Innolife 

Pharma, Inc.; KSW Industries, Inc.; 

Level Vision Electronics, Ltd.; Life 

Exchange, Inc.; Lotta Coal, Inc.; 

Magellan Energy Ltd.; Marinas 

International, Inc.; Microlink Solutions, 

Inc.; UDS Group, Inc.; United 

Environmental Energy Corp.; Uptrend 

Corp.; VShield Software Corp.; World 

Hockey Association Corp.; WW 

Energy, Inc.; Order of Suspension of 

Trading 

September 23, 2009. 

It appears to the Securities and 

Exchange Commission that there is a 

lack of current and accurate information 

concerning the securities of AEI 

Transportation Holdings, Inc., which are 

quoted on the Pink OTC Markets under 

the prior name of Doll Technology 

Group, Inc. using the ticker symbol 

DTGP. Trading in the securities of AEI 

Transportation Holdings, Inc. appears to 

be predicated on apparent 


jlentini on DSKJ8SOYB1PROD with NOTICES
49062 Federal Register / Vol. 74, No. 185 / Friday, September 25, 2009 / Notices 

misstatements. Certain persons appear 

to have usurped the identity of a 

defunct or inactive publicly-traded 

corporation, initially by reinstating the 

corporation without authority, and then 

by obtaining a new CUSIP number and 

ticker symbol based on the apparently 

false representation that they were duly 

authorized officers, directors and/or 

agents of the original publicly-traded 

corporation. 

It appears to the Securities and 

Exchange Commission that there is a 

lack of current and accurate information 

concerning the securities of The Alcar 

Chemicals Group, Inc., which trade in 

the grey market under the ticker symbol 

ALCX. Trading in the securities of The 

Alcar Chemicals Group, Inc. appears to 

be predicated on apparent 

misstatements. Certain persons appear 

to have usurped the identity of a 

defunct or inactive publicly-traded 

corporation, initially by incorporating a 

new entity using the same name, and 

then by obtaining a new CUSIP number 

and ticker symbol based on the 

apparently false representation that they 

were duly authorized officers, directors 

and/or agents of the original publiclytraded corporation. 

It appears to the Securities and 

Exchange Commission that there is a 

lack of current and accurate information 

concerning the securities of China 

Adnet Enterprises, Inc., which are 

quoted on the Pink OTC Markets under 

the ticker symbol CAEJ. Trading in the 

securities of China Adnet Enterprises, 

Inc. appears to be predicated on 

apparent misstatements. Certain persons 

appear to have usurped the identity of 

a defunct or inactive publicly-traded 

corporation, initially by incorporating a 

new entity using the same name, and 

then by obtaining a new CUSIP number 

and ticker symbol based on the 

apparently false representation that they 

were duly authorized officers, directors 

and/or agents of the original publiclytraded corporation. 

It appears to the Securities and 

Exchange Commission that there is a 

lack of current and accurate information 

concerning the securities of Innolife 

Pharma, Inc., which are quoted on the 

Pink OTC Markets under the ticker 

symbol INNP. Trading in the securities 

of Innolife Pharma, Inc. appears to be 

predicated on apparent misstatements. 

Certain persons appear to have usurped 

the identity of a defunct or inactive 

publicly-traded corporation, initially by 

incorporating a new entity using the 

same name, and then by obtaining a 

new CUSIP number and ticker symbol 

based on the apparently false 

representation that they were duly 

authorized officers, directors and/or 

agents of the original publicly-traded 

corporation. 

It appears to the Securities and 

Exchange Commission that there is a 

lack of current and accurate information 

concerning the securities of KSW 

Industries, Inc., which trade in the grey 

market under the ticker symbol KSWJ. 

Trading in the securities of KSW 

Industries, Inc. appears to be predicated 

on apparent misstatements. Certain 

persons appear to have usurped the 

identity of a defunct or inactive 

publicly-traded corporation, initially by 

incorporating a new entity using the 

same name, and then by obtaining a 

new CUSIP number and ticker symbol 

based on the apparently false 

representation that they were duly 

authorized officers, directors and/or 

agents of the original publicly-traded 

corporation. 

It appears to the Securities and 

Exchange Commission that there is a 

lack of current and accurate information 

concerning the securities of Level 

Vision Electronics, Ltd., which are 

quoted on the Pink OTC Markets under 

the ticker symbol LVLV. Trading in the 

securities of Level Vision Electronics, 

Ltd. appears to be predicated on 

apparent misstatements. Certain persons 

appear to have usurped the identity of 

a defunct or inactive publicly-traded 

corporation, initially by incorporating a 

new entity using the same name, and 

then by obtaining a new CUSIP number 

and ticker symbol based on the 

apparently false representation that they 

were duly authorized officers, directors 

and/or agents of the original publiclytraded corporation. 

It appears to the Securities and 

Exchange Commission that there is a 

lack of current and accurate information 

concerning the securities of Life 

Exchange, Inc. which are quoted on the 

Pink OTC Markets and OTC Bulletin 

Board under the ticker symbol LFXG. 

Trading in the securities of Life 

Exchange, Inc. appears to be predicated 

on apparent misstatements. Certain 

persons appear to have usurped the 

identity of a defunct or inactive 

publicly-traded corporation, initially by 

reinstating the company without 

authority, and then by obtaining a new 

CUSIP number and ticker symbol based 

on the apparently false representation 

that they were duly authorized officers, 

directors and/or agents of the original 

publicly-traded corporation. 

It appears to the Securities and 

Exchange Commission that there is a 

lack of current and accurate information 

concerning the securities of Lotta Coal, 

Inc., which are quoted on the Pink OTC 

Markets under the ticker symbol LCOL. 

Trading in the securities of Lotta Coal, 

Inc. appears to be predicated on 

apparent misstatements. Certain persons 

appear to have usurped the identity of 

a defunct or inactive publicly-traded 

corporation, initially by incorporating a 

new entity using the same name, and 

then by obtaining a new CUSIP number 

and ticker symbol based on the 

apparently false representation that they 

were duly authorized officers, directors 

and/or agents of the original publiclytraded corporation. 

It appears to the Securities and 

Exchange Commission that there is a 

lack of current and accurate information 

concerning the securities of Magellan 

Energy Ltd., which are quoted on the 

Pink OTC Markets under the ticker 

symbol MGLG. Trading in the securities 

of Magellan Energy Ltd. appears to be 

predicated on apparent misstatements. 

Certain persons appear to have usurped 

the identity of a defunct or inactive 

publicly-traded corporation, initially by 

incorporating a new entity using the 

same name, and then by obtaining a 

new CUSIP number and ticker symbol 

based on the apparently false 

representation that they were duly 

authorized officers, directors and/or 

agents of the original publicly-traded 

corporation. 

It appears to the Securities and 

Exchange Commission that there is a 

lack of current and accurate information 

concerning the securities of Marinas 

International, Inc., which trade in the 

grey market under the ticker symbol 

MNSI. Trading in the securities of 

Marinas International, Inc. appears to be 

predicated on apparent misstatements. 

Certain persons appear to have usurped 

the identity of a defunct or inactive 

publicly-traded corporation, initially by 

incorporating a new entity using the 

same name, and then by obtaining a 

new CUSIP number and ticker symbol 

based on the apparently false 

representation that they were duly 

authorized officers, directors and/or 

agents of the original publicly-traded 

corporation. 

It appears to the Securities and 

Exchange Commission that there is a 

lack of current and accurate information 

concerning the securities of Microlink 

Solutions, Inc., which trade in the grey 

market under a prior name, Pocketop 

Corp., using the ticker symbol PKTO. 

Trading in the securities of Microlink 

Solutions, Inc. appears to be predicated 

on apparent misstatements. Certain 

persons appear to have usurped the 

identity of a defunct or inactive 

publicly-traded corporation, initially by 

incorporating a new entity using the 

same name, and then by obtaining a 

new CUSIP number and ticker symbol 

based on the apparently false 


jlentini on DSKJ8SOYB1PROD with NOTICES
Federal Register / Vol. 74, No. 185 / Friday, September 25, 2009 / Notices 49063 

representation that they were duly 

authorized officers, directors and/or 

agents of the original publicly-traded 

corporation. 

It appears to the Securities and 

Exchange Commission that there is a 

lack of current and accurate information 

concerning the securities of UDS Group, 

Inc., which are quoted on the Pink OTC 

Markets under the ticker symbol UDSG. 

Trading in the securities of UDS Group, 

Inc. appears to be predicated on 

apparent misstatements. Certain persons 

appear to have usurped the identity of 

a defunct or inactive publicly-traded 

corporation, initially by reinstating the 

company without authorization, and 

then by obtaining a new CUSIP number 

and ticker symbol based on the 

apparently false representation that they 

were duly authorized officers, directors 

and/or agents of the original publiclytraded corporation. 

It appears to the Securities and 

Exchange Commission that there is a 

lack of current and accurate information 

concerning the securities of United 

Environmental Energy Corp., which are 

quoted on the Pink OTC Markets under 

the ticker symbol UTEM. Trading in the 

securities of United Environmental 

Energy Corp. appears to be predicated 

on apparent misstatements. Certain 

persons appear to have usurped the 

identity of a defunct or inactive 

publicly-traded corporation, initially by 

incorporating a new entity using the 

same name, and then by obtaining a 

new CUSIP number and ticker symbol 

based on the apparently false 

representation that they were duly 

authorized officers, directors and/or 

agents of the original publicly-traded 

corporation. 

It appears to the Securities and 

Exchange Commission that there is a 

lack of current and accurate information 

concerning the securities of Uptrend 

Corp., which are quoted on the Pink 

OTC Markets under the ticker symbol 

UPCP. Trading in the securities of 

Uptrend Corp appears to be predicated 

on apparent misstatements. Certain 

persons appear to have usurped the 

identity of a defunct or inactive 

publicly-traded corporation, initially by 

reinstating the company without 

authorization, and then by obtaining a 

new CUSIP number and ticker symbol 

based on the apparently false 

representation that they were duly 

authorized officers, directors and/or 

agents of the original publicly-traded 

corporation. 

It appears to the Securities and 

Exchange Commission that there is a 

lack of current and accurate information 

concerning the securities of VShield 

Software Corp., which are quoted on the 

Pink OTC Markets under the ticker 

symbol VSHE. Trading in the securities 

of VShield Software Corp. appears to be 

predicated on apparent misstatements. 

Certain persons appear to have usurped 

the identity of a defunct or inactive 

publicly-traded corporation, initially by 

incorporating a new entity using the 

same name, and then by obtaining a 

new CUSIP number and ticker symbol 

based on the apparently false 

representation that they were duly 

authorized officers, directors and/or 

agents of the original publicly-traded 

corporation. 

It appears to the Securities and 

Exchange Commission that there is a 

lack of current and accurate information 

concerning the securities of World 

Hockey Association Corp., which are 

quoted on the Pink OTC Markets under 

the ticker symbol WHKA. Trading in the 

securities of World Hockey Association 

Corp. appears to be predicated on 

apparent misstatements. Certain persons 

appear to have usurped the identity of 

a defunct or inactive publicly-traded 

corporation, initially by incorporating a 

new entity using the same name, and 

then by obtaining a new CUSIP number 

and ticker symbol based on the 

apparently false representation that they 

were duly authorized officers, directors 

and/or agents of the original publiclytraded corporation. 

It appears to the Securities and 

Exchange Commission that there is a 

lack of current and accurate information 

concerning the securities of WW Energy, 

Inc., which are quoted on the Pink OTC 

Markets under the ticker symbol 

WWNG. Trading in the securities of 

WW Energy, Inc. appears to be 

predicated on apparent misstatements. 

Certain persons appear to have usurped 

the identity of a defunct or inactive 

publicly-traded corporation, initially by 

incorporating a new entity using the 

same name, and then by obtaining a 

new CUSIP number and ticker symbol 

based on the apparently false 

representation that they were duly 

authorized officers, directors and/or 

agents of the original publicly-traded 

corporation. 

The Commission is of the opinion that 

the public interest and the protection of 

investors require a suspension of trading 

in the securities of the above-listed 

companies. 

Therefore, it is ordered, pursuant to 

Section 12(k) of the Securities Exchange 

Act of 1934, that trading in the abovelisted companies is suspended for the 

period from 9:30 a.m. EDT on 

September 23, 2009, through 11:59 p.m. 

EDT on October 6, 2009. 

By the Commission. 

Jill M. Peterson, 

Assistant Secretary. 

[FR Doc. E9–23295 Filed 9–23–09; 4:15 pm] 

BILLING CODE 8010–01–P 

SUSQUEHANNA RIVER BASIN 

COMMISSION 

Notice of Projects Approved for 

Consumptive Uses of Water 

AGENCY: Susquehanna River Basin 

Commission. 

ACTION: Notice of approved projects. 

SUMMARY: This notice lists the projects 

approved by rule by the Susquehanna 

River Basin Commission during the 

period set forth in DATES. 

DATES: July 1, 2009, through August 31, 

2009. 

ADDRESSES: Susquehanna River Basin 

Commission, 1721 North Front Street, 

Harrisburg, PA 17102–2391. 

FOR FURTHER INFORMATION CONTACT: 

Richard A. Cairo, General Counsel, 

telephone: (717) 238–0423, ext. 306; fax: 

(717) 238–2436; e-mail: rcairo@srbc.net 

or Stephanie L. Richardson, Secretary to 

the Commission, telephone: (717) 238– 

0423, ext. 304; fax: (717) 238–2436; email: srichardson@srbc.net. Regular 

mail inquiries may be sent to the above 

address. 

SUPPLEMENTARY INFORMATION: This 

notice lists the projects, described 

below, receiving approval for the 

consumptive use of water pursuant to 

the Commission’s approval by rule 

process set forth in 18 CFR 806.22(f) for 

the time period specified above: 

Approvals By Rule Issued: 

1. Cabot Oil & Gas Corporation, Pad 

ID: BrooksW P1, ABR–20090701, 

Dimock Township, Susquehanna 

County, Pa.; Consumptive Use of up 

to 3.575 mgd; Approval Date: July 6, 

2009. 

2. Cabot Oil & Gas Corporation, Pad 

ID: HullR P1, ABR–20090702, 

Dimock Township, Susquehanna 

County, Pa.; Consumptive Use of up 

to 3.575 mgd; Approval Date: July 6, 

2009. 

3. Cabot Oil & Gas Corporation, Pad 

ID: Heitsman P1A, ABR–20090703, 

Springville Township, 

Susquehanna County, Pa.; 

Consumptive Use of up to 3.575 

mgd; Approval Date: July 6, 2009. 

4. Cabot Oil & Gas Corporation, Pad 

ID: Teel P7, ABR–20090704, 

Springville Township, 

Susquehanna County, Pa.; 

Consumptive Use of up to 3.575 

mgd; Approval Date: July 6, 2009. 


jlentini on DSKJ8SOYB1PROD with NOTICES