54486 Federal Register / Vol. 72, No. 185 / Tuesday, September 25, 2007 / Notices 

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

2 17 CFR 240.19b–4. 

3Amendment No. 1 supersedes and replaces the 

original rule filing in its entirety. 

4Pursuant to an undertaking agreed to in 

connection with the recent settlement of a 

Commission administrative proceeding (the 

‘‘Order’’), Amex agreed to enhance its existing 

regulatory training programs for floor members and 

certain staff members that addresses compliance 

with the federal securities laws and Exchange rules 

to help prevent and deter unlawful trading by floor 

members. See Exchange Act Release No. 55507; 

Administrative Proceeding File No. 3–12594 (March 

22, 2007). 

ADDRESSES: Send or deliver comments 

to—Rob Timmins, Business Operations 

Manager, Presidential Management 

Fellows Program, U.S. Office of 

Personnel Management, 1900 E Street, 

NW., Room 1425, Washington, DC 

20415 and Brenda Aguilar, OPM Desk 

Officer, Office of Information & 

Regulatory Affairs, Office of 

Management and Budget, New 

Executive Office Building, NW., Room 

10235, Washington, DC 20503. 

Office of Personnel Management. 

Howard Weizmann, 

Deputy Director. 

[FR Doc. E7–18871 Filed 9–24–07; 8:45 am] 

BILLING CODE 6325–38–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[File No. 500–1] 

In the Matter of Plasticon International 

Inc.; Order of Suspension of Trading 

September 21, 2007. 

It appears to the Securities and 

Exchange Commission that there is a 

lack of current and accurate information 

concerning the securities of Plasticon 

International Inc. (‘‘Plasticon’’) because 

Plasticon is delinquent on most of its 

required filings since November 1997. 

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 abovelisted company is suspended for the 

period from 9:30 a.m. EDT on 

September 21, 2007, through 11:59 p.m. 

EDT on October 4, 2007. 

By the Commission. 

J. Lynn Taylor, 

Assistant Secretary. 

[FR Doc. 07–4731 Filed 9–21–07; 1:52 pm] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–56457; File No. SR–Amex–

2007–54] 

Self-Regulatory Organizations; 

American Stock Exchange, LLC; 

Notice of Filing and Order Granting 

Accelerated Approval to Proposed 

Rule Change, as Modified by 

Amendment No. 1 Thereto, Relating to 

Amendments to Exchange Training 

and Examination Requirements 

September 18, 2007. 

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

Securities Exchange Act of 1934 (‘‘Act’’) 

and Rule 19b–4 thereunder,2 notice is 

hereby given that on June 1, 2007, the 

American Stock Exchange, LLC. 

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

Securities and Exchange Commission 

(‘‘Commission’’) the proposed rule 

change as described in Items I and II 

below, which Items have been 

substantially prepared by the Exchange. 

On September 5, 2007, Amex filed 

Amendment No. 1 to the proposed rule 

change.3 The Commission is publishing 

this notice to solicit comments on the 

proposed rule change, as modified by 

Amendment No. 1 thereto, from 

interested persons and approve the 

proposed rule change on an accelerated 

basis. 

I. Self-Regulatory Organization’s 

Statement of the Terms of Substance of 

the Proposed Rule Change 

The Exchange proposes to amend its 

rules governing training and 

examination requirements. 

The text of the proposed rule change 

is available at Amex, the Commission’s 

Public Reference Room, and http:// 

www.amex.com. 

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 III below. The 

Exchange 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 

Statutory Basis for, the Proposed Rule 

Change 

1. Purpose 

Amex proposes certain clarifying 

changes to its rules governing its 

training and examination requirements. 

These changes are in connection with 

implementation of a mandatory annual 

training program for all floor members 

that addresses compliance with the 

federal securities laws and Amex rules 

to help prevent and deter unlawful 

trading by floor members, as well as to 

otherwise simplify and enhance the 

Exchange’s existing training programs.4

The Exchange’s proposal would 

require all floor members to participate 

in a mandatory annual regulatory 

training program, which would include 

participation in any Exchange testing 

programs in connection with the 

mandatory training program. The 

Exchange anticipates that the mandatory 

training program would be organized 

and grouped by floor member function 

and therefore foresees holding separate 

sessions for specialists, floor brokers, 

and registered traders. 

The Exchange also proposes to 

enhance the new member qualification 

program. The new member qualification 

program currently in place requires all 

prospective new members to participate 

in a comprehensive training program 

and successfully complete a 

corresponding examination at the 

conclusion of the training. Members 

seeking to qualify as specialists must 

successfully complete a separate 

examination as well. The new program 

would retain the new member training 

program and examination as they 

currently exist, but would replace the 

specialist examination with an in-depth 

training program. The Exchange 

represents that it has found that new 

specialist applicants, in preparing for 

the specialist examination, focus 

primarily on the requirements necessary 

to pass the examination. The Exchange 

believes that a more effective method of 

training prospective specialists would 

involve training specifically related to 

specialists’ particular activities and 

requirements. To this end, the Exchange 

proposes to eliminate the specialist 


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