Federal Register / Vol. 72, No. 73 / Tuesday, April 17, 2007 / Notices 19221 

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

2 17 CFR 240.19b–4. 

3See Securities Exchange Act Release No. 55373 

(February 28, 2007), 72 FR 10276. 

4See BOX Rule Chapter I, Section 1(a)(40) for 

definition of ‘‘Options Participants.’’

5 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). 

6 15 U.S.C. 78f(b)(5). 

7 15 U.S.C. 78f(b)(1) and 78f(b)(6). 

(10) and 17 CFR 200.402(a)(3), (5), (7), 

9(ii) and (10), permit consideration of 

the scheduled matters at the Closed 

Meeting. 

Commissioner Nazareth, as duty 

officer, voted to consider the items 

listed for the closed meeting in closed 

session. 

The subject matter of the Closed 

Meeting scheduled for Thursday, April 

19, 2007 will be: 

Formal orders of investigations; 

Institution and settlement of injunctive 

actions; 

Institution and settlement of 

administrative proceedings of an 

enforcement nature; 

Litigation matters; and 

Other matters related to enforcement 

proceedings. 

At times, changes in Commission 

priorities require alterations in the 

scheduling of meeting items. 

For further information and to 

ascertain what, if any, matters have been 

added, deleted or postponed, please 

contact: 

The Office of the Secretary at (202) 

551–5400. 

Dated: April 12, 2007. 

Nancy M. Morris, 

Secretary. 

[FR Doc. E7–7282 Filed 4–16–07; 8:45 am] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[File No. 500.1] 

In the Matter of Certain Companies 

Quoted on the Pink Sheets: Amerossi 

EC, Inc., Irwin Resources, Inc., 

Peopleline Telecom, Inc.; Order of 

Suspension of Trading 

April 13, 2007. 

It appears to the Securities and 

Exchange Commission that there is a 

lack of current and accurate information 

concerning the securities of the issuers 

listed below. As set forth below for each 

issuer, questions have arisen regarding 

the adequacy and accuracy of publicly 

disseminated information concerning, 

among other things: (1) The companies’

assets, (2) the companies’ business 

operations, (3) the companies’ current 

financial condition, and/or (4) financing 

arrangements involving the issuance of 

the companies’ shares. 

1. Amerossi EC, Inc. is a Wyoming 

company with offices in Bangkok, 

Thailand. Questions have arisen 

regarding the adequacy and accuracy of 

press releases concerning the company’s 

operations. 

2. Irwin Resources, Inc., is a Delaware 

company with offices in Vancouver, 

British Columbia, Canada. Questions 

have arisen regarding the adequacy and 

accuracy of press releases concerning 

the company’s current financial 

condition, management, operations, and 

transactions involving the issuance of 

the company’s shares. 

3. Peopleline Telecom, Inc. is a 

Nevada company based in Los Angeles, 

California. Questions have arisen 

regarding the adequacy and accuracy of 

press releases concerning the company’s 

operations and concerning stock 

promoting activity. 

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 companies listed 

above. 

Therefore, it is ordered, pursuant to 

Section 12(k) of the Securities Exchange 

Act of 1934, that trading in the 

securities of the companies listed above 

is suspended for the period from 9:30 

a.m. EDT, April 13, 2007, through 11:59 

p.m. EDT, on April 26, 2007. 

By the Commission. 

J. Lynn Taylor, 

Assistant Secretary. 

[FR Doc. 07–1913 Filed 4–13–07; 12:56 pm] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–55606; File No. SR–BSE–

2006–11] 

Self-Regulatory Organizations; Boston 

Stock Exchange, Inc.; Order Approving 

Proposed Rule Change and 

Amendments No. 1 and 2 Relating to 

the Boston Options Exchange’s Minor 

Rule Violation Plan 

April 10, 2007. 

On March 6, 2006, the Boston Stock 

Exchange, Inc. (‘‘BSE’’ or ‘‘Exchange’’) 

filed with the Securities and Exchange 

Commission (‘‘Commission’’), pursuant 

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

Exchange Act of 1934 (‘‘Act’’) 1 and Rule 

19b–4 thereunder,2 a proposed rule 

change to amend Chapter X of the 

Boston Options Exchange (‘‘BOX’’) 

Rules, BOX’s minor rule violation plan 

(‘‘BOX MRVP’’). The Exchange filed 

Amendments No. 1 and 2 to the 

proposed rule change on June 28, 2006, 

and July 14, 2006, respectively. The 

proposed rule change, as amended, was 

published for comment in the Federal 

Register on March 7, 2007.3 The 

Commission received no comments 

regarding the proposal. This order 

approves the proposed rule change, as 

modified by Amendments No. 1 and 2. 

The Exchange proposed to make the 

following actions subject to the BOX 

MRVP: 

• contrary exercise advice infractions 

(in violation of BOX Rule Chapter VII, 

Section 1(c), (d), (f), and (g)); 

• locked and crossed market 

infringements (in violation of BOX Rule 

Chapter XII, Section 4); 

• Market Maker assigned activity 

violations (in violation of BOX Rule 

Chapter VI, Section 4(e)); 

• Market Maker’s failure to respond 

to a request for a quote within the 

designated time limit (in violation of 

BOX Rule Chapter VI, Section 6(b)(ii)–

(iii)); and 

• trade-through violations (in 

violation of BOX Rule Chapter XII, 

Section 3(a)). 

The sanctions imposed would include 

the application of a fine for each 

violation and an increased fine amount 

for repeat violations. In the instance of 

a trade-through violation, the rule 

proposal would also allow BOX 

Regulation to require the Options 

Participant 4 to disgorge any gains from 

transactions in violation of the tradethrough rules. 

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.5 In particular, the 

Commission believes that the proposal 

is consistent with Section 6(b)(5) of the 

Act,6 which requires that the rules of an 

exchange be designed to promote just 

and equitable principles of trade, to 

remove impediments to and to 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 

further believes that the proposal is 

consistent with Sections 6(b)(1) and 

6(b)(6) of the Act,7 which require that 

the rules of an exchange enforce 

compliance with, and provide 

appropriate discipline for, violations of 

Commission and Exchange rules. In 

addition, because BSE Rule Chapter 


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