38014 Federal Register / Vol. 65, No. 118 / Monday, June 19, 2000 / Notices

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

2 17 CFR 240.19b–4.

3 15 U.S.C. 78f(b).

4 15 U.S.C. 78f(b)(4).

by the individual Participants pursuant

to Section 19(b)(2) of the Exchange Act

establishing the minimum increments

by which equities or options are quoted

on the respective markets or until

otherwise ordered by the Commission.

By the Commission.

By: Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 00–15361 Filed 6–16–00; 8:45 am]

BILLING CODE 8010–01–M

SECURITIES AND EXCHANGE

COMMISSION

[File No. 500–1]

American Healthcare Providers, Inc.;

Order of Suspension of Trading

June 15, 2000.

It appears to the Securities and

Exchange Commission that there is a

lack of current and accurate information

concerning the securities of American

Healthcare Providers, Inc. (‘‘American

Healthcare’’) because of questions

regarding the accuracy of assertions by

American Healthcare, and by others, in

press releases concerning, among other

things, a contract entered into by

American Healthcare.

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

company.

Therefore, it is ordered, pursuant to

Section 12(k) of the Securities Exchange

Act of 1934, that trading in the above

listed company is suspended for the

period from 9:30 a.m. EDT, on

Thursday, June 15, 2000 through 11:59

p.m. EDT, on Wednesday, June 28,

2000.

By the Commission.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 00–15488 Filed 6–15–00; 1:48 pm]

BILLING CODE 8010–01–M

SECURITIES AND EXCHANGE

COMMISSION

[Release No. 34–42915; File No. SR–Amex–

00–28]

Self-Regulatory Organizations; Notice

of Filing and Immediate Effectiveness

of Proposed Rule Change by the

American Stock Exchange LLC,

Relating to an Increase in Fees for

Registered Options Trader and

Specialist Transactions in Exchange

Traded Fund Shares

June 9, 2000.

Pursuant to Section 19(b)(1) of the

Securities Exchange Act of 1934

(‘‘Act’’) 1 and Rule 19b–4 thereunder,2

notice is hereby given that on May 25,

2000, the American Stock Exchange LLC

(‘‘Amex’’ or ‘‘Exchange’’) filed with the

Securities and Exchange Commission

(‘‘SEC’’ or ‘‘Commission’’) the proposed

rule change as described in Items I, II,

and III below, which Items have been

prepared by the Exchange. The

Commission is publishing this notice to

solicit comments on the proposed rule

change from interested persons.

I. Self-Regulatory Organization’s

Statement of the Terms of Substance of

the Proposed Rule Change

The Amex proposes to revise fees for

Registered Options Trader and

Specialist transactions in Exchange

Traded Fund Shares.

II. Self-Regulatory Organization’s

Statement of the Purpose of, and

Statutory Basis for, the Proposed Rule

Change

In its filing with the Commission, the

Exchange included statements

concerning the purpose of and basis for

the proposed rule change and discussed

any comments it received on the

proposed rule change. The text of these

statements may be examined at the

places specified in Item IV below. The

Amex has prepared summaries, set forth

in sections (A), (B), and (C) below, of the

most significant aspects of such

statements.

A. Self-Regulatory Organization’s

Statement of the Purpose of, and the

Statutory Basis for, the Proposed Rule

Change

(1) Purpose

The Ammex currently imposes

charges for transactions in Portfolio

Depositary Receipts (‘‘PDRs’’), Index

Fund Shares and Trust Issued Receipts

(‘‘TIRs’’) executed on the Exchange.

Currently, charges include fees for

Registered Options Trader and

Specialist transactions in PDRs, Index

Fund Shares and TIRs, including

Nasdaq-100 Index Trust, SPDRs,

DIAMONDS, WEBS, MidCap SPDRs,

Select Sector SPDRs, and HOLDRs. The

current rate for Specialist transactions

in these products is $0.006 per share

($0.60 per 100 shares), capped at $300

per trade (50,000 shares). The current

rate for Registered Options Trader

transactions is $0.007 per share ($0.70

per 100 shares), capped at $350 per

trade (50,000 shares). Off floor orders

(i.e., customer and broker-dealer) are

charged $0.006 per share ($0.60 per 100

shares), capped at $100 per trade

(16,667 shares).

The Exchange proposes to revise fees

for Registered Options Trader and

Specialist transactions in PDRs, Index

Fund Shares and TIRs. The Exchange

will apply the revised transaction fees to

all Registered Options Trader and

Specialist transactions in currently

traded as well as newly listed PDRs,

Index Fund Shares and TIRs. The

proposed revision is in the amount of

$0.03 per 100 shares for Specialist and

Registered Options Trader transactions.

As a result, upon implementation of the

proposed fee revision, Specialist fees for

transactions in PDRs, Index Fund

Shares and TIRs will increase from

$0.006 per share ($0.60 per 100 shares)

to $0.0063 per share ($0.63 per 100

shares) and Registered Options Trader

fees will increase from $0.007 per share

($0.70 per 100 shares) to $0.0073 per

share ($0.73 per 100 shares).

The Exchange is undertaking the

proposed revision in fees to offset

increased Exchange expenses and costs

associated with the continued

development, listing and trading of

additional PDRs, Index Fund Shares and

TIRs. Because the proposed revision in

fees will better enable the Exchange to

further develop, list and trade new

Exchange Traded Fund Shares, the

Exchange believes it is appropriate and

necessary to implement the revised fee

schedule.

(2) Statutory Basis

The proposed rule change is

consistent with Section 6(b) 3 of the Act

in general and furthers the objectives of

Section 6(b)(4) 4 in particular, in that it

is designed to provide for the equitable

allocation of reasonable dues, fees, and

other charges among its members and

issuers and other persons using its

facilities.

Federal Register / Vol. 65, No. 118 / Monday, June 19, 2000 / Notices 38015

5 15 U.S.C. 78s(b)(3)(A).

6 17 CFR 240.19b–4(f)(2).

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

2 17 CFR 240.19b–4.

3 15 U.S.C 78s(b)(3)(A).

4 17 CFR 240.19b–4(f)(6).

5The Exchange provided the Commission with

written notice of its intent to file the proposal on

May 24, 2000, pursuant to Rule 19b–4(f)(6). 17 CFR

240.19b–4(f)(6).

B. Self-Regulatory Organization’s

Statement on Burden on Competition

The Exchange does not believe that

the proposed rule change will impose

any burden on competition.

C. Self-Regulatory Organization’s

Statement on Comments on the

Proposed Rule Change Received From

Members, Participants or Others

No written comments were solicited

or received with respect to the proposed

rule change.

III. Date of Effectiveness of the

Proposed Rule Change and Timing for

Commission Action

The foregoing rule change, which

establishes or changes a due, fee or

other charge imposed by the Exchange,

has become effective pursuant to

Section 19(b)(3)(A) of the Act 5 and

subparagraph (f)(2) of Rule 19b–4

thereunder.6 At any time within 60 days

of the filing of such proposed rule

change, the Commission may summarily

abrogate such rule change if it appears

to the Commission that such action is

necessary or appropriate in the public

interest, for the protection of investors,

or otherwise in the furtherance of the

purposes of the Act.

IV. Solicitation of Comments

Interested persons are invited to

submit written data, views and

arguments concerning the foregoing,

including whether the proposed rule

change is consistent with the Act.

Persons making written submissions

should file six copies thereof with the

Secretary, Securities and Exchange

Commission, 450 Fifth Street, NW.,

Washington, DC 20549–0609. Copies of

the submission, all subsequent

amendments, all written statements

with respect to the proposed rule

change that are filed with the

Commission, and all written

communications relating to the

proposed rule change between the

Commission and any person, other than

those that may be withheld from the

public in accordance with the

provisions of 5 U.S.C. 552, will be

available for inspection and copying in

the Commission’s Public Reference

Room in Washington, D.C.

Copies of such filing will also be

available for inspection and copying at

the principal office of the Amex. All

submissions should refer to File No.

SR–AMEX–00–28 and should be

submitted by July 10, 2000.

For the Commission, by the Division of

Market Regulation, pursuant to delegated

authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 00–15345 Filed 6–16–00; 8:45 am]

BILLING CODE 8010–01–M

SECURITIES AND EXCHANGE

COMMISSION

[Release No. 34–42916; File No. SR–CHX–

00–17]

Self-Regulatory Organizations; Notice

of Filing and Immediate Effectiveness

of Proposed Rule Change by the

Chicago Stock Exchange, Incorporated

Relating to Entry and Execution of

‘‘Immediate or Cancel’’ Limit Orders

During the E-Session

June 9, 2000.

Pursuant to Section 19(b)(1) of the

Securities Exchange Act of 1934

(‘‘Act’’),1 and Rule 19b–4 thereunder,2

notice is hereby given that on June 1,

2000, the Chicago Stock Exchange,

Incorporated (‘‘CHX’’ or ‘‘Exchange’’)

filed with the Securities and Exchange

Commission (‘‘Commission’’ or ‘‘SEC’’)

the proposed rule change as described

in Items I, II and III below, which Items

have been prepared by the Exchange.

The Exchange filed the proposal

pursuant to Section 19(b)(3)(A) of the

Act,3 and Rule 19b–4(f)(6) thereunder,4

which renders the proposal effective

upon filing with the Commission.5 The

Commission is publishing this notice to

solicit comments on the proposed rule

change from interested person.

I. Self-Regulatory Organization’s

Statement of the Terms of Substance of

the Proposal

The Exchange proposes to amend

Article XXA, Rules 8 and 12 of the

Exchange’s rules, to permit entry and

execution of ‘‘immediate or cancel’’

(‘‘IOC’’) limit orders during the

Exchange’s extended trading hours

session (‘‘E-Session’’). The text of the

proposed rule is below. Additions are in

italics.

Chicago Stock Exchange Rules

Article XXA

Trading Rules and Procedures

Applicable to Equity Trading During

the Extended Trading Session

* * * * *

Manner of Making Bids and Offers

Rule 8. The only orders eligible to be

entered during the E-Session are

unconditional limit orders or immediate

or cancel limit orders for E-Session

Eligible Securities. These orders shall be

electronically and directly transmitted,

via MAX, to the specialist’s limit order

book; except that Floor Brokers (1) may

route limit orders via MAX to the

specialist’s limit order book or, where

permissible, transmit them to another

market; or (2) may, after receiving a

limit order to buy and a limit order to

sell an equivalent amount of the same

security (a) execute the orders at the

specialist’s post pursuant to Article XX,

Rule 23 or (b) route the orders via MAX

to the specialist’s limit order book.

NASDAQ System market makers, acting

in their capacities as market makers,

shall have direct telephone access to the

specialist post in each NASDAQ/NM

Security in which that market maker is

registered as market maker to transmit

orders for execution on the Exchange.

Rule 9. No change in text.

Rule 10. No change in text.

Rule 11. No change in text.

Rule 12. No member or member

organization may accept an order from

a non-member for execution in the ESession without first disclosing to that

non-member that: (1) Orders for ESession Eligible Securities are eligible

only for a single E-Session and, if not

executed during that E-Session, shall

automatically be canceled; (2)

unconditional limit orders and

immediate or cancel limit orders are the

only orders that are eligible for

execution in the E-Session; (3) there is

likely to be less liquidity during trading

that occurs once normal trading hours

have ended and, as a consequence, there

may be greater fluctuations in securities

prices; and (4) distinct systems and

facilities trade securities after normal

trading hours have ended and, as a

consequence, at any particular time,

quotations and transaction prices for a

security may vary among those systems.

* * * Interpretations and Policies

.01 For purposes of this article

‘‘immediate or cancel’’ orders are limit

orders requiring the broker or specialist

to purchase or sell as much of the order

as can be executed as soon as the order

is received, with the unexecuted balance

of the order to be canceled immediately,