No-action letter permitting the operation of a technology service that facilitates broker-to-broker communications regarding, among other things, trade routing instructions, without registration of the service as itself a broker-dealer. In addition to serving as a communications engine, the service also provides a variety of analytic tools intended to evaluate execution quality; however, the service would not itself make routing decisions based on those analytics. The service would charge fees based on, among other things, message levels, but the service would not impose fees that were

Permitting company to stop filing reports under the Exchange Act and to withdraw a registration statement under the Securities Act. Cross Reference(s): Exchange Act Rule 12h-3. View no-action letter in full here (links externally SEC website). Additional Materials: Incoming Letter

The SEC charged New York-based Peter Siris and two of his affiliated firms, as well as other individuals, with a host of securities law violations primarily related to activities with a Chinese reverse merger company, China Yingxia International Inc. In an attempt to circumvent the registration provisions of the securities law, Siris received shares from the China Yingxia CEO's father and improperly sold them without any registration statement in effect. Siris further engaged in insider trading, ahead of 10 confidentially solicited offerings for other Chinese issuers. Cross Reference(s)

Permitting company to stop filing reports under the Exchange Act. Cross Reference(s): Exchange Act Rule 12h-3. View no-action letter in full here (links externally to SEC website). Additional Materials: Incoming Letter

Permitting company to suspend its reporting requirements under the Exchange Act and to withdraw a registration statement for its shares under the Securities Act. & Cross Reference(s): Exchange Act Rule 12h-3. View no-action letter in full here (links externally SEC website). Additional Materials: Incoming Letter