05-15681. Amendments to the Penny Stock Rules  

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    AGENCY:

    Securities and Exchange Commission.

    ACTION:

    Final rule; corrections.

    SUMMARY:

    In Release No. 34-51983, the Securities and Exchange Commission issued amendments concerning the “penny stock rules” under the Securities Exchange Act of 1934, which appeared in the Federal Register of July 13, 2005 (70 FR 40614). In Release No. 34-51808, the Commission issued Regulation NMS, which appeared in the Federal Register of June 29, 2005 (70 FR 37496), and which, among other things, made technical amendments to the definition of penny stock. Since the effective date of Regulation NMS predates that of the amendments to the penny stock rules, the Commission is making technical corrections to the amendments to the penny stock rules to conform to the changes made in connection with Regulation NMS.

    DATES:

    Effective September 12, 2005.

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    FOR FURTHER INFORMATION CONTACT:

    Catherine McGuire, Chief Counsel, Paula R. Jenson, Deputy Chief Counsel, Brian A. Bussey, Assistant Chief Counsel, or Norman M. Reed, Special Counsel, at 202/551-5550, Office of Chief Counsel, Division of Market Start Printed Page 46090Regulation, Securities and Exchange Commission, Station Place, 100 F Street, NE., Washington, DC 20549.

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    SUPPLEMENTARY INFORMATION:

    In FR Doc 05-13737 appearing on page 40614 in the Federal Register of Wednesday, July 13, 2005, the following corrections are made:

    [Corrected]
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    1. On page 40631, second column, revise the introductory text of paragraph (a) to read “(a) That is an NMS stock, as defined in § 242.600(b)(47), provided that:”.

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    2. On page 40632, first column, paragraph (e)(1), 5th line, revise “§ 240.11Aa3-1” to read “§ 242.601”.

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    Dated: August 3, 2005.

    Jonathan G. Katz,

    Secretary.

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    [FR Doc. 05-15681 Filed 8-8-05; 8:45 am]

    BILLING CODE 8010-01-P

Document Information

Effective Date:
9/12/2005
Published:
08/09/2005
Department:
Securities and Exchange Commission
Entry Type:
Rule
Action:
Final rule; corrections.
Document Number:
05-15681
Dates:
Effective September 12, 2005.
Pages:
46089-46090 (2 pages)
Docket Numbers:
Release No. 34-51983A, File No. S7-02-04
RINs:
3235-AI02: Amendments to the Penny Stock Rules in Light of the Electronic Signatures in Global and National Commerce Act
RIN Links:
https://www.federalregister.gov/regulations/3235-AI02/amendments-to-the-penny-stock-rules-in-light-of-the-electronic-signatures-in-global-and-national-com
PDF File:
05-15681.pdf