SEC News Digest

ENFORCEMENT PROCEEDINGS

In the Matter of American Aircarriers Support, Inc.

An Administrative Law Judge has issued an Order Making Findings and Revoking Registrations by Default (Default Order) in American Aircarriers Support, Inc., Administrative Proceeding No. 3-14076. The Order Instituting Proceedings (OIP) alleged that five Respondents each failed repeatedly to file required annual and quarterly reports while their securities were registered with the Securities and Exchange Commission.

The Default Order finds the allegations of the OIP to be true and revokes the registrations of each class of registered securities of American Aircarriers Support, Inc., American Artists Entertainment Corp., American Complex Care, Inc., American Prepaid Legal Services, Inc., and Amtech Financial Corp., pursuant to Section 12(j) of the Securities Exchange Act of 1934. (Rel. 34-63178; File No. 3-14076)

INVESTMENT COMPANY ACT RELEASES

Jackson National Life Insurance Company, et al.

An order has been issued on an application filed by Jackson National Life Insurance Company, et al. for an exemption under Section 12(d)(1)(J) of the Investment Company Act from Sections 12(d)(1)(A) and (B) of the Act, under Sections 6(c) and 17(b) of the Act for an exemption from Section 17(a) of the Act, and under Section 6(c) of the Act for an exemption from Rule 12d1 2(a) under the Act. The order (a) permits certain series of registered open-end management investment companies to acquire shares of other registered open-end management investment companies and unit investment trusts that are within or outside the same group of investment companies, and (b) permits certain series of registered open-end management investment companies relying on Rule 12d1-2 under the Act to invest in certain financial instruments. (Rel. IC-29484 - October 25)

Elfun Trusts, et al.

An order has been issued on an application filed by Elfun Trusts, et al., under Section 6(b) of the Investment Company Act exempting applicants from Sections 15(a) and 15(c) of the Act. The order permits certain employees' securities companies to enter into and materially amend subadvisory agreements without shareholder approval, and subject to the approval of a board of trustees all the members of which are "interested persons" within the meaning of Section 2(a)(19) of the Act, and grants relief from certain disclosure requirements. (Rel. IC-29485 - October 25)

Nationwide Life Insurance Company, et al.

A notice has been issued giving interested persons until November 19, 2010, to request a hearing on an application filed by Nationwide Life Insurance Company (NWL), Nationwide Life and Annuity Insurance Company (NLAIC), Nationwide Variable Account-II, Nationwide Variable Account-6, Nationwide Variable Account-7, Nationwide Variable Account-8, Nationwide Variable Account-9, Nationwide Variable Account-10, Nationwide Variable Account -14, Nationwide VLI Separate Account-2, Nationwide VLI Separate Account-4, Nationwide VLI Separate Account-7, Nationwide Provident VA Separate Account 1, Nationwide Provident VLI Separate Account 1; Nationwide VA Separate Account-B, Nationwide VL Separate Account-G, Nationwide Provident VA Separate Account A and Nationwide Provident VLI Separate Account A (collectively, Section 26 Applicants) and Nationwide Variable Insurance Trust (together with Section 26 Applicants, Section 17 Applicants). Section 26 Applicants request an order under Section 26(c) of the Investment Company Act of 1940 (Act) approving the proposed substitutions (the Substitutions) of certain series of Nationwide Variable Insurance Trust for shares of series of other unaffiliated registered investment companies held by the separate account applicants s under certain variable annuity contracts and/or variable life insurance policies issued by NWL and NLAIC. Section 17 Applicants also seek an order pursuant to Section 17(b) of the Act to permit certain in-kind transactions in connection with the Substitutions. (Rel. IC-29486 - October 25)

SELF-REGULATORY ORGANIZATIONS

Immediate Effectiveness of Proposed Rule Changes

A proposed rule change filed by the NASDAQ Stock Market (SR-NASDAQ-2010-132) to clarify the implementation date of the NASDAQ Options Market Professional Filing has become effective under Section 19(b)(3)(A) of the Securities Exchange Act of 1934. Publication is expected in the Federal Register during the week of October 25. (Rel. 34-63151)

A proposed rule change filed by NASDAQ OMX BX to codify pricing for co-location services (SR-BX-2010-068) has become effective pursuant to Section 19(b)(3)(A) of the Securities Exchange Act of 1934. Publication is expected in the Federal Register during the week of October 25. (Rel. 34-63157)

A proposed rule change filed by NASDAQ OMX PHLX to codify pricing for co-location services (SR-Phlx-2010-144) has become effective pursuant to Section 19(b)(3)(A) of the Securities Exchange Act of 1934. Publication is expected in the Federal Register during the week of October 25. (Rel. 34-63158)

A proposed rule change filed by the Chicago Board Options Exchange to modify the fees for the CBOE Stock Exchange (SR-CBOE-2010-093) has become effective pursuant to Section 19(b)(3)(A) of the Securities Exchange Act of 1934. Publication is expected in the Federal Register during the week of October 25. (Rel. 34-63160)

A proposed rule change filed by NYSE Amex to Establish a Pilot Program to List Series with Additional Expiration Months for Each Class of Options Opened for Trading on the Exchange (SR-NYSEAmex-2010-99) has become effective pursuant to Section 19(b)(3)(A) of the Securities Exchange Act of 1934. Publication is expected in the Federal Register during the week of October 25. (Rel. 34-63170)

A proposed rule change filed by the NASDAQ OMX BX (SR-BX-2010-071) has become effective pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 to amend BX Rules 2270 and 2910 to reflect changes to corresponding FINRA Rule 2261. Publication is expected in the Federal Register during the week of October 25. (Rel. 34-63171)

A proposed rule change (SR-C2-2010-006), filed by C2 Options Exchange to amend the C2 Fee Schedule has become effective pursuant to Section 19(b)(3)(A) of the Securities Exchange Act of 1934. Publication is expected in the Federal Register during the week of October 25. (Rel. 34-63175)

A proposed rule change filed by NYSE Arca relating to the listing of the iShares® Taxable Municipal Bond Fund (SR-NYSEArca-2010-94) has become effective pursuant to Section 19(b)(3)(A) of the Securities Exchange Act of 1934. Publication is expected in the Federal Register during the week of October 25. (Rel. 34-63176)

Proposed Rule Change

NYSE Arca filed a proposed rule change under Rule 19b-4 (SR-NYSEArca-2010-90) to amend Rule 6.47 to describe new procedures for executing a cross transaction. Publication is expected in the Federal Register during the week of October 25. (Rel. 34-63166)

SECURITIES ACT REGISTRATIONS

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RECENT 8K FILINGS

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http://www.sec.gov/news/digest/2010/dig102610.htm