Federal Register / Vol. 73, No. 66 / Friday, April 4, 2008 / Notices 18587 

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). 

5See Securities Exchange Act Release No. 57478 

(March 12, 2008), 73 FR 14521 (March 18, 2008) 

(SR–NASDAQ–2007–004 and SR–NASDAQ–2007–

080). 

6The following options will be traded on The 

NASDAQ Options Market beginning March 31, 

2008: QQQQ and AMAT. See Options Trader Alert 

#2008–4 at http://www.nasdaqtrader.com/ 

TraderNews.aspx?id=OTA2008–004. 

SECURITIES AND EXCHANGE 

COMMISSION 

[File No. 500–1] 

In the Matter of: The Alternative Energy 

Technology Center, Inc.; Order of 

Suspension of Trading 

April 2, 2008. 

It appears to the Securities and 

Exchange Commission that the public 

interest and the protection of investors 

require a suspension of trading in the 

securities of The Alternative Energy 

Technology Center, Inc. Questions have 

arisen concerning the company’s 

reliance on Rule 504 of Regulation D of 

the Securities Act of 1933 in conducting 

a distribution of its securities, and the 

accuracy and adequacy of statements in 

the company’s press releases regarding 

its rights to certain technology. The 

Alternative Energy Technology Center, 

Inc., a company that has made no public 

filings with the Commission, is quoted 

on the Pink Sheets under the ticker 

symbol AETE, and has recently been the 

subject of spam e-mail touting the 

company’s shares. 

The Commission is of the opinion that 

the public interest and the protection of 

the investors require a suspension of 

trading in 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, April 2, 

2008, through 11:59 p.m. EDT, on April 

15, 2008. 

By the Commission. 

Nancy M. Morris, 

Secretary. 

[FR Doc. 08–1103 Filed 4–2–08; 10:16am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–57579; File No. SR–

NASDAQ–2008–026] 

Self-Regulatory Organizations; The 

NASDAQ Stock Market LLC; Notice of 

Filing and Immediate Effectiveness of 

a Proposed Rule Change to Participate 

in the Options Penny Pilot Program 

March 28, 2008. 

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 25, 

2008, The NASDAQ Stock Market LLC 

(‘‘Nasdaq’’ 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 Nasdaq. The 

Exchange filed the proposal as a ‘‘noncontroversial’’ proposed rule change 

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

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

which rendered the proposal effective 

upon filing with the Commission. 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 

Nasdaq is planning to commence 

trading on its recently-approved 

NASDAQ Options Market 5 on March 

31, 2008, and to participate from that 

date in the Options Penny Pilot Program 

by trading in penny increments all 63 

options currently scheduled to be traded 

in penny increments on the six existing 

options exchanges.6 Nasdaq’s 

participation in the pilot will commence 

at the start of trading on the NASDAQ 

Options Market on March 31, 2008, and 

continue until March 27, 2009. 

The text of the proposed rule change 

is available at Nasdaq, the Commission’s 

Public Reference Room, and http:// 

www.nasdaq.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, 

Nasdaq 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. Nasdaq 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 

On March 12, 2008, the Commission 

approved SR–NASDAQ–2007–004 and 

SR–NASDAQ–2007–080, proposals to 

create the NASDAQ Options Market 

(‘‘NOM’’). Chapter VI, Section 5 of the 

approved rules states that Nasdaq may 

trade options in penny increments 

pursuant to the Commission’s pilot 

program for options (‘‘Penny Pilot 

Program’’). Through this filing, Nasdaq 

proposes to establish the parameters of 

its participation in the Penny Pilot 

Program. 

Prior to the Penny Pilot Program, 

options were quoted in nickel and dime 

increments. The minimum price 

variation for quotations in options series 

that are quoted at less than $3 per 

contract is $0.05 and the minimum 

price variation for quotations in options 

series that are quoted at $3 per contract 

or greater is $0.10. 

Under the Penny Pilot Program, 

beginning on January 26, 2007, market 

participants were able to begin quoting 

in penny increments in certain series of 

option classes. The Penny Pilot Program 

originally included the following 

thirteen options: Ishares Russell 2000 

(IWM); NASDAQ–100 Index Tracking 

Stock (QQQQ); SemiConductor Holders 

Trust (SMH); General Electric Company 

(GE); Advanced Micro Devices, Inc. 

(AMD); Microsoft Corporation (MSFT); 

Intel Corporation (INTC); Caterpillar, 

Inc. (CAT); Whole Foods Market, Inc. 

(WFMI); Texas Instruments, Inc. (TXN); 

Flextronics International Ltd. (FLEX); 

Sun Microsystems, Inc. (JAVA); and 

Agilent Technologies, Inc. (A). 

On September 28, 2007, the following 

twenty-two options classes were added: 

SPDRs (SPY); Apple, Inc. (AAPL); Altria 

Group Inc. (MO); Dendreon Corp. 

(DNDN); Amgen Inc. (AMGN); Yahoo! 

Inc. (YHOO); QUALCOMM Inc. 

(QCOM); General Motors Corporation 

(GM); Energy Select Sector (XLE); 

DIAMONDS Trust, Series 1 (DIA); Oil 

Services HOLDRs (OIH); NYSE 

Euronext, Inc. (NYX); Cisco Systems, 

Inc. (CSCO); Financial Select Sector 

SPDR (XLF); AT&T Inc. (T); Citigroup 

Inc. (C); Amazon.com Inc. (AMZN); 

Motorola Inc. (MOT); Research in 

Motion Ltd. (RIMM); FreeportMcMoRan Copper & Gold Inc. (FCX); 

ConocoPhillips (COP); and BristolMyers Squibb Co. (BMY). These thirtyfive options classes are among the most 

actively-traded, multiply-listed options 

classes. 


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