Federal Register / Vol. 80, No. 58 / Thursday, March 26, 2015 / Notices 16043 

22See generally Securities and Exchange Act 

Release No. 34–43086 (July 28, 2000), 65 FR 48023 

(August 4, 2000) (Order Approving Options 

Intermarket Linkage Plan) (File No. 4–429). 

23 15 U.S.C. 78s(b)(3)(A). 

24 17 CFR 240.19b–4(f)(6). As required under Rule 

19b–4(f)(6)(iii), the Exchange provided the 

Commission with written notice of its intent to file 

the proposed rule change, along with a brief 

description and the text of the proposed rule 

change, at least five business days prior to the date 

of filing of the proposed rule change, or such 

shorter time as designated by the Commission. 25 17 CFR 200.30–3(a)(12). 

the rules of an exchange not be designed 

to permit unfair discrimination between 

customers, issuers, brokers, or dealers. 

In particular, the Exchange believes 

that the proposed changes would ensure 

further consistency within the 

Exchange’s Rules. The Exchange also 

believes that the proposed rule changes 

would further the objectives of the Act 

to protect investors by promoting the 

intermarket price protection goals of the 

Exchange’s Order Protection Rule 6.81 

and the Options Intermarket Linkage 

Plan.22 The Exchange believes its 

proposal would help ensure intermarket 

competition across all exchanges, aid in 

preventing intermarket trade-throughs, 

and facilitate compliance with best 

execution practices. The Exchange 

believes that these objectives are 

consistent with the Act and the rules 

and regulations thereunder applicable to 

the Exchange and, in particular, the 

requirements of Section 11A of the Act. 

In addition, the Exchange believes that 

the proposed rule changes will clarify 

the manner in which orders are 

submitted into the SAM auction process 

and reduce the potential for confusion 

in the Rules. The Exchange believes that 

providing additional clarity to its Rules 

furthers the goal of promoting 

transparency in markets, which is in the 

best interests of market participants and 

the general public and consistent with 

the Act. 

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 that is not 

necessary or appropriate in furtherance 

of the purposes of the Act. Rather, the 

Exchange believes that the proposed 

rule would bolster intermarket 

competition by promoting fair 

competition among individual markets, 

while at the same time assuring that 

market participants receive the benefits 

of markets that are linked together, 

through facilities and rules, in a unified 

system, which promotes interaction 

among the orders of buyers and sellers. 

The Exchange believes its proposal 

would help ensure intermarket 

competition across all exchanges, aid in 

preventing intermarket trade-throughs, 

and facilitate compliance with best 

execution practices. In addition, the 

Exchange believes that the proposed 

rule change would help promote fair 

and orderly markets by helping to 

ensure compliance with the Order 

Protection Rule. Thus, the Exchange 

does not believe the proposal creates 

any significant impact on competition. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

The Exchange neither solicited nor 

received written comments on the 

proposed rule change. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

Because the foregoing proposed rule 

change does not (i) significantly affect 

the protection of investors or the public 

interest; (ii) impose any significant 

burden on competition; and (iii) become 

operative for 30 days from the date on 

which it was filed, or such shorter time 

as the Commission may designate, it has 

become effective pursuant to Section 

19(b)(3)(A) of the Act 23 and Rule 19b– 

4(f)(6) thereunder.24

At any time within 60 days of the 

filing of the proposed rule change, the 

Commission summarily may 

temporarily suspend 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 furtherance of 

the purposes of the Act. If the 

Commission takes such action, the 

Commission will institute proceedings 

to determine whether the proposed rule 

change should be approved or 

disapproved. 

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. 

Comments may be submitted by any of 

the following methods: 

Electronic Comments 

• Use the Commission’s Internet 

comment form (http://www.sec.gov/

rules/sro.shtml); or 

• Send an email to rule-comments@

sec.gov. Please include File Number SR– 

CBOE–2015–031 on the subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Secretary, Securities and Exchange 

Commission, 100 F Street NE., 

Washington, DC 20549–1090. 

All submissions should refer to File 

Number SR–CBOE–2015–031. This file 

number should be included on the 

subject line if email is used. To help the 

Commission process and review your 

comments more efficiently, please use 

only one method. The Commission will 

post all comments on the Commission’s 

Internet Web site (http://www.sec.gov/

rules/sro.shtml). 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 Web site viewing and 

printing in the Commission’s Public 

Reference Room, 100 F Street NE., 

Washington, DC 20549, on official 

business days between the hours of 

10:00 a.m. and 3:00 p.m. Copies of the 

filing also will be available for 

inspection and copying at the principal 

office of the Exchange. All comments 

received will be posted without change; 

the Commission does not edit personal 

identifying information from 

submissions. You should submit only 

information that you wish to make 

available publicly. All submissions 

should refer to File Number SR–CBOE– 

2015–031 and should be submitted on 

or before April 16, 2015. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.25

Brent J. Fields, 

Secretary. 

[FR Doc. 2015–06893 Filed 3–25–15; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[File No. 500–1] 

In the Matter of Winsonic Digital Media 

Group, Ltd.; Order of Suspension of 

Trading Pursuant to Section 12(K) of 

the Securities Exchange Act of 1934 

March 24, 2015. 

It appears to the Securities and 

Exchange Commission that there is a 

lack of current and accurate information 

concerning the securities of Winsonic 

Digital Media Group, Ltd. (‘‘Winsonic’’) 

because it has not filed any periodic 

mstockstill on DSK4VPTVN1PROD with NOTICES

16044 Federal Register / Vol. 80, No. 58 / Thursday, March 26, 2015 / Notices 

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

2 17 CFR 240.19b–4. 

3 ‘‘MIAX Market Maker’’ for purposes of the 

proposed sliding scale means any MIAX Market 

Maker including RMM, LMM, PLMM, DLMM, and 

DPLMM. 

4See Securities Exchange Act Release Nos. 55193 

(January 30, 2007), 72 FR 5476 (February 6, 2007) 

(SR–CBOE–2006–111); 57191 (January 24, 2008), 73 

FR 5611 (January 30, 2008); 58321 (August 6, 2008), 

73 FR 46955 (SR–CBOE–2008–78). See also CBOE 

Fees Schedule, p. 3. The Exchange notes that CBOE 

does not charge market makers a differentiated 

transaction fee for non-Penny Pilot option classes. 

reports since the period ending 

September 30, 2008, or any reports since 

June 2011. 

The Commission is of the opinion that 

the public interest and the protection of 

investors require a suspension of trading 

in the securities of Winsonic. 

Therefore, it is ordered, pursuant to 

Section 12(k) of the Securities Exchange 

Act of 1934, that trading in the 

securities of Winsonic is suspended for 

the period from 9:30 a.m. EDT on March 

24, 2015, through 11:59 p.m. EDT on 

April 7, 2015. 

By the Commission. 

Jill M. Peterson, 

Assistant Secretary. 

[FR Doc. 2015–07040 Filed 3–24–15; 4:15 pm] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Sunshine Act Meeting 

Notice is hereby given, pursuant to 

the provisions of the Government in the 

Sunshine Act, Public Law 94–409, that 

the Securities and Exchange 

Commission will hold an Open Meeting 

on March 30, 2015, at 10:30 a.m., in 

Room 10800 at the Commission’s 

headquarters building, to hear oral 

argument in cross-appeals by Francis V. 

Lorenzo and the Division of 

Enforcement from an initial decision of 

an administrative law judge. 

On December 31, 2013, the law judge 

found that Lorenzo violated the 

antifraud provisions of Section 17(a) of 

the Securities Act of 1933, Section 10(b) 

of the Securities Exchange Act of 1934, 

and Exchange Act Rule 10b–5 when he 

sent two potential investors emails 

containing false and misleading 

information about his firm’s client. The 

law judge ordered Lorenzo to cease and 

desist from violations of the antifraud 

provisions, barred him from the 

securities industry, and ordered him to 

pay a civil money penalty of $15,000. 

The issues likely to be considered at 

oral argument include whether Lorenzo 

violated the antifraud provisions as 

alleged and, if so, the extent to which 

he should be sanctioned for those 

violations. 

The duty officer determined that no 

earlier notice thereof was possible. For 

further information, please contact the 

Office of the Secretary at (202) 551– 

5400. 

Dated: March 24, 2015. 

Brent J. Fields. 

Secretary. 

[FR Doc. 2015–07048 Filed 3–24–15; 4:15 pm] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–74555; File No. SR–MIAX– 

2015–20] 

Self-Regulatory Organizations; Miami 

International Securities Exchange, 

LLC; Notice of Filing and Immediate 

Effectiveness of a Proposed Rule 

Change To Amend Its Fee Schedule 

March 20, 2015. 

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 March 11, 

2015, Miami International Securities 

Exchange LLC (‘‘MIAX’’ 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 Exchange is filing a proposal to 

amend the MIAX Options Fee Schedule. 

The text of the proposed rule change 

is available on the Exchange’s Web site 

at http://www.miaxoptions.com/filter/

wotitle/rule_filing, at MIAX’s principal 

office, and at the Commission’s Public 

Reference Room. 

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 

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 

The Exchange proposes to amend its 

current MIAX Market Maker 3 sliding 

scale for transaction fees to: (i) Adopt 

transaction fees for non-Penny Pilot 

options classes; and (ii) provide for 

additional incentives for achieving 

certain Priority Customer Rebate 

Program volume tiers. 

The sliding scale for MIAX Market 

Maker transaction fees is based on the 

substantially similar fees of the Chicago 

Board Options Exchange, Incorporated 

(‘‘CBOE’’).4 Currently, the program 

reduces a MIAX Market Maker’s per 

contract transaction fee based on 

percentages of total national Market 

Maker volume of any options classes 

that trade on the exchange during the 

calendar month, based on the following 

scale: 

Tier 

Percentage of 

national Market 

Maker volume 

Transaction 

fee per 

contract 

1 ........ 0.00%–0.05% ............ $0.25 

2 ........ Above 0.05%–0.50% 0.17 

3 ........ Above 0.50%–0.80% 0.12 

4 ........ Above 0.80%–1.50% 0.07 

5 ........ Above 1.50% ............. 0.05 

The Exchange proposes to amend its 

current MIAX Market Maker sliding 

scale for transactions to adopt 

transaction fees for non-Penny Pilot 

options classes. Specifically, the 

Exchange proposes to reduce a MIAX 

Market Maker’s per contract transaction 

fee based on percentages of total 

national Market Maker volume of any 

options classes that trade on the 

exchange during the calendar month, 

based on the following scale: 

Tier 

Percentage of 

national Market 

Maker volume 

Non-Penny 

Pilot classes 

transaction 

fee per 

contract 

1 ........ 0.00%–0.05% ............ $0.29 

2 ........ Above 0.05%–0.50% 0.21 

3 ........ Above 0.50%–0.80% 0.16 

4 ........ Above 0.80%–1.50% 0.11 

5 ........ Above 1.50% ............. 0.09 

The proposed sliding scale would 

apply to all MIAX Market Makers for 

transactions in all non-Penny Pilot 

options classes except mini-options. A 

MIAX Market Maker’s initial $0.29 per 

contract rate will be reduced if the 

MIAX Market Maker reaches the volume 

thresholds set forth in the sliding scale 

mstockstill on DSK4VPTVN1PROD with NOTICES