Document ID: SEC-2006-1302-0001
Agency: sec
Document Type: Notice
Title: Meetings; Sunshine Act
Posted Date: 2006-10-06T04:00Z

[Federal Register: October 6, 2006 (Volume 71, Number 194)]
[Notices]               
[Page 59157]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr06oc06-100]                         

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SECURITIES AND EXCHANGE COMMISSION

 
Sunshine Act Meetings

    Notice is hereby given, pursuant to the provisions of the 
Government in the Sunshine Act, Pub. L. 94-409, that the Securities and 
Exchange Commission will hold the following meetings during the week of 
October 9, 2006: An Open Meeting will be held on Wednesday, October 11, 
2006 at 10 a.m. in the Auditorium, Room LL-002, and Closed Meetings 
will be held on Wednesday, October 11, 2006 at 11 a.m. and Thursday, 
October 12, 2006 at 2 p.m.
    Commissioners, Counsels to the Commissioners, the Secretary to the 
Commission, and recording secretaries will attend the Closed Meetings. 
Certain staff members who have an interest in the matters may also be 
present.
    The General Counsel of the Commission, or his designee, has 
certified that, in his opinion, one or more of the exemptions set forth 
in 5 U.S.C. 552b(c)(3), (5), (7), (9)(B) and (10) and 17 CFR 
200.402(a)(3), (5), (7), (9)(ii), and (10) permit consideration of the 
scheduled matters at the Closed Meetings.
    Commissioner Atkins, as duty officer, voted to consider the items 
listed for the closed meeting in closed session.
    The subject matter of the Open Meeting on Wednesday, October 11, 
2006 will be:

    The Commission will hear oral argument in an appeal by James T. 
Patten from the decision of an administrative law judge. The law 
judge found that, during two separate periods in 2002 and 2003, 
Patten manipulated, and aided and abetted the manipulation of, the 
common stock price of Initio, Inc., formerly traded on the Nasdaq 
Small Cap Market. The law judge found that, through his conduct in 
placing orders to buy Initio shares for himself and on behalf of a 
customer, Patten violated Section 10(b) of the Securities Exchange 
Act of 1934 and Rule 10b-5 thereunder. The law judge ordered Patten 
to cease and desist from committing, causing, and aiding and 
abetting violations of Section 10(b) and Rule 10b-5, ordered him to 
pay a $60,000 civil penalty, and barred him from association with 
any broker or dealer. Among the issues likely to be argued are 
whether Patten violated Section 10(b) of the Exchange Act and Rule 
10b-5 thereunder in entering orders to buy Initio shares, and, if 
so, whether and to what extent sanctions should be imposed on him.

    The subject matter of the Closed Meeting scheduled for Wednesday, 
October 11, 2006 will be: Post-argument discussion.
    The subject matters of the Closed Meeting scheduled for Thursday, 
October 12, 2006 will be: Formal orders of investigation; institution 
and settlement of injunctive actions; institution and settlement of 
administrative proceedings of an enforcement nature; and an 
adjudicatory matter.
    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: October 4, 2006.
Nancy M. Morris,
Secretary.
[FR Doc. 06-8580 Filed 10-4-06; 3:55 pm]

BILLING CODE 8011-01-P