96-24170. Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Order Approving Proposed Rule Change Relating to the Consolidation of Minor Rule Violation Cases Involving the Same or a Related Transaction or Occurrence

[Federal Register Volume 61, Number 184 (Friday, September 20, 1996)]
[Notices]
[Page 49515]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-24170]


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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-37680); File No. SR-CBOE-96-48]


Self-Regulatory Organizations; Chicago Board Options Exchange, 
Incorporated; Order Approving Proposed Rule Change Relating to the 
Consolidation of Minor Rule Violation Cases Involving the Same or a 
Related Transaction or Occurrence

September 13, 1996.
    On July 10, 1996, the Chicago Board Options Exchange, Incorporated 
(``CBOE'') submitted a proposed rule change to the Securities and 
Exchange Commission (``Commission'') pursuant to Section 19(b) of the 
Securities Exchange Act of 1934 (the ``Act'') \1\ and Rule 19b-4 
thereunder,\2\ to permit the consolidation of, into one hearing, the 
review of certain conduct involving trading conduct or decorum fines 
levied against different members of CBOE and involving the same or 
related transaction or occurrence.
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    \1\ 15 U.S.C. Sec. 78s(b).
    \2\ 17 CFR 240.19b-4.
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    Notice of the proposal together with its terms of substance was 
given by the issuance of a Commission release \3\ and by publication in 
the Federal Register.\4\ No comments were received regarding the 
proposal. The rule change will save CBOE time and staff resources. 
Additionally, it will be less burdensome on the individuals involved, 
who under the previous rules often had to appear at multiple hearings, 
either as a subject or as a witness. The Commission finds that the 
proposal rule change is consistent with the requirements of the Act and 
the rules thereunder applicable and, in particular, the requirements of 
Section 6 \5\ and the rules thereunder.
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    \3\ Securities Exchange Act Release No. 37456 (July 19, 1996).
    \4\ 61 FR 40053 (July 31, 1996).
    \5\ 15 U.S.C. Sec. 78.
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    It is therefore ordered, pursuant to Section 19(b)(2) of the Act, 
that the proposed rule change be, and hereby is approved.

    For the Commission, by the Division of Market Regulation 
pursuant to delegated authority, 17 CFR 200.30-3(a)(12).
Jonathan G. Katz,
Secretary.
[FR Doc. 96-24170 Filed 9-19-96; 8:45 am]
BILLING CODE 8010-01-M