Firm Agrees to Pay $70 Million in Settlement With SEC and Others
The Securities and Exchange Commission today charged GE Funding Capital Market Services with securities fraud for participating in a wide-ranging scheme involving the reinvestment of proceeds from the sale of municipal securities.
GE Funding CMS agreed to settle the SEC’s charges by paying approximately $25 million that will be returned to affected municipalities or conduit borrowers. The firm also entered into agreements with the Department of Justice, Internal Revenue Service, and a coalition of 25 state attorneys general and will pay an additional $45.35 million.
The settlements arise from extensive law enforcement investigations into widespread corruption in the municipal reinvestment industry. In the past year, federal and state authorities have reached settlements with four other financial firms, and 18 individuals have been indicted or pled guilty, including three former GE Funding CMS traders.
“Our in-depth investigations have uncovered pervasive corrupt practices in the municipal securities reinvestment market, and we are requiring financial firms one by one to step up and pay the price for their misconduct,” said Robert Khuzami, Director of the SEC’s Division of Enforcement. “More than $743 million has been recovered from financial institutions in these settlements, much of which has been returned to municipalities that have been harmed.”
Elaine C. Greenberg, Chief of the SEC’s Enforcement Division’s Municipal Securities and Public Pensions Unit, added, “GE Funding CMS’s fraudulent practices and misrepresentations undermined the competitive bidding process and negatively impacted the prices that municipalities paid for reinvestment products. The firm’s misconduct deprived municipalities of a conclusive presumption that reinvestment instruments were purchased at fair market value.”
According to the SEC’s complaint filed in U.S. District Court for the District of New Jersey, in addition to fraudulently manipulating bids, GE Funding CMS made improper, undisclosed payments to certain bidding agents in the form of swap fees that were inflated or unearned. These payments were in exchange for the assistance of bidding agents in controlling and manipulating the competitive bidding process.
The SEC alleges that from August 1999 to October 2004, GE Funding CMS illegally generated millions of dollars by fraudulently manipulating at least 328 municipal bond reinvestment transactions in 44 states and Puerto Rico. GE Funding CMS won numerous bids through a practice of “last looks” in which it obtained information regarding competitor bids and either raised a losing bid to a winning bid or reduced its winning bid to a lower amount so that it could make more profit on the transaction. In connection with other bids, GE Funding CMS deliberately submitted non-winning bids to facilitate bids set up in advance by certain bidding agents for other providers to win. GE Funding CMS’s fraudulent conduct also jeopardized the tax-exempt status of billions of dollars in municipal securities because the supposed competitive bidding process that establishes the fair market value of the investment was corrupted.
In settling the SEC’s charges without admitting or denying the allegations, GE Funding CMS agreed to pay a $10.5 million penalty along with disgorgement of $10,625,775 with prejudgment interest of $3,775,987. GE Funding CMS consented to the entry of a final judgment enjoining it from future violations of Section 17(a) of the Securities Act of 1933. The settlement is subject to court approval. The Commission recognizes GE Funding CMS’s cooperation in its investigation.
Other financial institutions charged prior to today’s settlement with GE Funding CMS:
The SEC’s investigations have been conducted by Deputy Chief Mark R. Zehner and Assistant Municipal Securities Counsel Denise D. Colliers, who are members of the Municipal Securities and Public Pensions Unit in the Philadelphia Regional Office. The SEC thanks the Antitrust Division of the Department of Justice and the Federal Bureau of Investigation for their cooperation and assistance in this matter. (Press Rel. 2011-276; LR-22210)
In the Matter of Craig On (CPA)
On December 23, 2011, the Commission issued an Order Instituting Administrative Proceedings Pursuant to Rule 102(e) of the Commission’s Rules of Practice, Making Findings, and Imposing Remedial Sanctions (Order) against Craig On, CPA. The Order finds that On served as Chief Financial Officer of UCBH Holdings, Inc. (UCBH) from October 2008 until November 2009. The Order further finds that on December 14, 2011, On was permanently enjoined from future violations of Sections 17(a)(2) and 17(a)(3) of the Securities Act of 1933, Section 13(b)(5) of the Exchange Act and Rules 13a-14, 13b2-1 and 13b2-2 thereunder, and aiding and abetting violations of Sections 13(a), 13(b)(2)(A) and 13(b)(2)(B) of the Exchange Act and Rules 12b-20, 13a-1 and 13a-11 thereunder in the Civil Action entitled SEC v. Thomas S. Wu, et al., Civil Action No. 11-CV-04988-JSW (N.D. Cal.). The Order finds the district court ordered On to pay a penalty of $150,000.
According to the Order, the Commission’s Complaint alleged, among other things, that On failed to ensure the accuracy of the financial statements in the UCBH Holdings, Inc. annual report on Form 10-K for the fiscal year ended December 31, 2008; that On certified false financial statements in the 2008 Form 10-K, failed to implement a system of internal accounting controls, and falsified or caused to be falsified certain books, records, and accounts; and that On knew or should have known of losses on certain loans and other assets but failed to disclose full and accurate information about these loans and assets to UCBH’s independent auditors.
Based on the above, the Order suspends Craig On, CPA, from appearing or practicing before the Commission as an accountant, with a right to apply for reinstatement after five years. Craig On consented to the issuance of the Order without admitting or denying the findings except he admitted the entry of the final judgment. (Rel. 34-66051; AAE Rel. 3350; File No. 3-14675)
In the Matter of Eric David Wanger and Wanger Investment Management Inc.
On December 23, 2011, the Commission issued an Order Instituting Administrative and Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933, Section 21C of the Securities Exchange Act of 1934, Sections 203(e), 203(f) and 203(k) of the Investment Advisers Act of 1940 and Section 9(b) of the Investment Company Act of 1940 (Order) against Eric David Wanger (Wanger) and Wanger Investment Management Inc. (Wanger Management).
In the Order, the Division of Enforcement (Division) alleges that Wanger and Wanger Management repeatedly marked the closing price of certain stocks held by the Wanger Long Term Opportunity Fund II, LP (Fund) to artificially inflate the Fund’s performance results in an attempt to attract new investors and keep current investors. The Division also alleges that Wanger and Wanger Management engaged in wrongful principal securities transactions with the Fund to repay unauthorized transfers of funds from the Fund’s account to Wanger Management’s account. The Division further alleges that Wanger and Wanger Management failed to timely file required forms with Commission reporting purchases of securities as required by Section 16(a) of the Securities Exchange Act of 1934 and Rule 16a-3 thereunder.
A hearing will be scheduled before an Administrative Law Judge to determine whether the allegations contained in the Order are true, and to provide the Respondents an opportunity to dispute these allegations, and to determine what, if any, remedial sanctions are appropriate and in the public interest.
The Order requires the Administrative Law Judge to issue an initial decision no later than 300 days from the date of service of this Order, pursuant to Rule 360(a)(2) of the Commission’s Rules of Practice. (Rels. 33-9288; 34-66053; IA-3342; IC-29893; File No. 3-14676)
In the Matter of Aurelio Rodriguez
On December 23, 2011, the Commission issued an Order Instituting Administrative Proceedings Pursuant to Section 8A of the Securities Act of 1933, Sections 15(b) and 21C of the Securities Exchange Act of 1934, Section 203(f) of the Investment Advisers Act of 1940, and Section 9(b) of the Investment Company Act of 1940, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order. The Order finds that Respondent Aurelio Rodriguez, a former trader with Investment Placement Group, engaged in a fraudulent interpositioning scheme involving parties in Mexico from approximately January through November 2008. The Order finds that Rodriguez, acting in concert with a Mexican investment adviser, needlessly interposed a separate Mexican brokerage firm into securities transactions between IPG and the Mexican investment adviser’s institutional clients, including four Mexican pension funds. The Order also finds that, as a result of Rodriguez’s misconduct, the pension funds paid approximately $65 million more for certain securities than they would have had the Mexican brokerage firm not been unnecessarily interposed as a “middleman.” The Order further finds that,
as a result of his misconduct, Rodriguez received more than $6 million in additional markups generated from the interpositioned transactions.
Based on the above, the Order finds that Rodriguez willfully violated Section 17(a) of the Securities Act, Section 10(b) of the Exchange Act and Rule 10b-5 thereunder, bars Rodriguez from association with any broker, dealer, investment adviser, municipal securities dealer, municipal adviser, transfer agent, or NRSRO, prohibits Rodriguez from serving or acting as an employee, officer, director, member of an advisory board, investment adviser or depositor of, or principal underwriter for, a registered investment company or affiliated person of such investment adviser, depositor, or principal underwriter, and bars Rodriguez from participating in any offering of a penny stock, including: acting as a promoter, finder, consultant, agent or other person who engages in activities with a broker, dealer or issuer for purposes of the issuance or trading in any penny stock, or inducing or attempting to induce the purchase or sale of any penny stock, with the right to apply for reentry after five (5) years to the appropriate self-regulatory organization, or if there is none, to the Commission.
The Order also orders Rodriguez to pay $6,041,810.46 in disgorgement of ill-gotten gains and $613,666.85 in prejudgment interest, but waives payment of disgorgement and prejudgment interest except for $1 million and does not impose a civil penalty, based upon Rodriguez’s sworn representations in his Statement of Financial Condition. Rodriguez consented to the issuance of the Order without admitting or denying the Order’s findings. (Rels. 33-9289; 34-66056; IA-3344; IC-29894; File No. 3-14678)
In the Matter of Investment Place Group and Adolfo Gonzalez-Rubio
On December 23, 2011, the Commission issued an Order Instituting Administrative Proceedings Pursuant to Section 15(b) of the Securities Exchange Act of 1934 and Sections 203(e) and 203(f) of the Investment Advisers Act of 1940, Making Findings, and Imposing Remedial Sanctions. The Order finds that Respondents Investment Placement Group (IPG) and its CEO, Adolfo Gonzalez-Rubio (Gonzalez-Rubio), failed reasonably to supervise a former IPG trader who engaged in a fraudulent interpositioning scheme involving parties in Mexico from approximately January through November 2008. The Order also finds that the fraudulent scheme went undetected by IPG due to its failure to establish adequate policies and procedures and a system for implementing those procedures which would reasonably be expected to prevent and detect interpositioning by its traders. The Order also finds that Gonzalez-Rubio effectively allowed the trader to supervise himself and failed to respond to red flags regarding the fraudulent scheme, including a dramatic rise in IPG’s revenue resulting from the interpositioned transactions.
Based on the above, the Order finds that IPG failed reasonably to supervise the trader within the meaning of Section 15(b)(4)(E) of the Exchange Act and Section 203(e)(c) of the Advisers Act, censures IPG, orders IPG to pay $3,572,015.56 in disgorgement of ill-gotten gains, $240,012.37 in prejudgment interest, and a civil penalty in the amount of $260,000, and orders IPG to comply with certain undertakings. The Order also finds that Gonzalez-Rubio failed reasonably to supervise the trader within the meaning of Section 15(b)(4)(E) as incorporated by Section 15(b)(6) of the Exchange Act and Section 203(e)(c) of the Advisers Act, suspends Gonzalez-Rubio from associating in a supervisory capacity with any broker, dealer, investment adviser, municipal securities dealer, municipal adviser, transfer agent, or NRSRO for a period of three (3) months. IPG and Gonzalez-Rubio consented to the issuance of the Order without admitting or denying the Order’s findings. (Rels. 34-66055; IA-3433; File No. 3-14677)
Immediate Effectiveness of Proposed Rule Changes
A proposed rule change filed by Chicago Mercantile Exchange, Inc. (CME) to establish a fee schedule applicable to its OTC Interest Rate Swap clearing offering (SR-CME-2011-20) 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 December 26. (Rel. 34-66029)
A proposed rule change filed by Chicago Mercantile Exchange, Inc. (CME) to establish a fee schedule applicable to its OTC Credit Default Swap North American Index clearing offering (SR-CME-2011-18) 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 December 26. (Rel. 34-66030)
A proposed rule change filed by the NASDAQ OMX PHLX LLC (SR-Phlx-2011-177) to modify fees applicable to the trading of NMS Stocks through NASDAQ OMX PSX 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 December 26. (Rel. 34-66037)
Proposed Rule Change
BATS Exchange, Inc. filed a proposed rule change (SR-BATS-2011-51) pursuant to Section 19(b)(1) of the Securities Exchange Act to implement a Competitive Liquidity Provider program. Publication is expected in the Federal Register during the week of December 26. (Rel. 34-66034)
Designation of Longer Period For Commission Action on Proposed Rule Changes
The Commission has designated a longer period for Commission action under Section 19(b)(2) of the Securities Exchange Act of 1934 on proposed rule changes (SR-NYSE-2011-56 and SR-NYSEAmex-2011-86) filed by the New York Stock Exchange LLC and NYSE Amex LLC to codify certain traditional trading floor functions that may be performed by designated market makers. Publication is expected in the Federal Register during the week of December 26. (Rel. 34-66036)
The following registration statements have been filed with the SEC under the Securities Act of 1933. The reported information appears as follows: Form, Name, Address and Phone Number (if available) of the issuer of the security; Title and the number and/or face amount of the securities being offered; Name of the managing underwriter or depositor (if applicable); File number and date filed; Assigned Branch; and a designation if the statement is a New Issue.
Registration statements may be viewed in person in the Commission's Public Reference Branch at 100 F Street, N.E., Washington, D.C. To obtain paper copies, please refer to information on the Commission's Web site at http://www.sec.gov/answers/publicdocs.htm. In most cases, you can view and download this information by using the search function located at http://www.sec.gov/edgar/searchedgar/companysearch.html.
S-4 Intelsat Jackson Holdings S.A., 4, RUE ALBERT BORSCHETTE, LUXEMBOURG, N4, L-1246, 352-27-84-1600 - 0 ($2,650,000,000.00) Non-Convertible Debt, (File 333-178684 - Dec. 22) (BR. 11C) S-1 Pacific Ethanol, Inc., 400 CAPITOL MALL, SUITE 2060, SACRAMENTO, CA, 95814, 916-403-2123 - 12,581,250 ($11,826,375.00) Equity, (File 333-178685 - Dec. 22) (BR. 06A) S-8 HARLEYSVILLE SAVINGS FINANCIAL CORP, 2152568828 - 100,000 ($1,424,000.00) Equity, (File 333-178690 - Dec. 22) (BR. 07C) S-3ASR ROYAL GOLD INC, 1660 WYNKOOP STREET, SUITE 1000, DENVER, CO, 80202-1132, 303-573-1660 - 0 ($0.00) Other, (File 333-178691 - Dec. 22) (BR. 09B) S-1 OXIGENE INC, 701 GATEWAY BLVD., SOUTH SAN FRANCISCO, CA, 94080, 650-635-7000 - 0 ($4,994,574.03) Equity, (File 333-178692 - Dec. 22) (BR. 01B) S-8 RAND WORLDWIDE INC, 161 WORCESTER ROAD, SUITE 401, FRAMINGHAM, MA, 01701, 508-663-1400 - 3,700,000 ($2,423,500.00) Equity, (File 333-178693 - Dec. 22) (BR. 03A) S-3D MIDSOUTH BANCORP INC, 102 VERSAILLES BLVD, VERSAILLES CENTRE, LAFAYETTE, LA, 70501, 3182378343 - 0 ($11,907,000.00) Equity, (File 333-178694 - Dec. 22) (BR. 07B) N-2 ClearBridge Energy MLP Fund Inc., 620 EIGHTH AVENUE, 49TH FLOOR, NEW YORK, NY, 10018, (888) 777-0102 - 0 ($500,000,000.00) Unallocated (Universal) Shelf, (File 333-178695 - Dec. 22) (BR. 18) S-8 ALCATEL LUCENT, 3 AVENUE OCTAVE GREARD, PARIS, I0, 75007, 33140761010 - 0 ($32,184,992.00) Equity, (File 333-178696 - Dec. 22) (BR. 11A) S-1 TECOGEN INC, 45 FIRST AVENUE, WALTHM, MA, 02451, 781 466 6400 - 35,381,768 ($28,305,414.00) Equity, (File 333-178697 - Dec. 22) (BR. 06) S-8 MATTRESS FIRM HOLDING CORP., C/O MATTRESS HOLDING CORP, 5815 GULF FREEWAY, HOUSTON, TX, 77023, (713) 923-1090 - 0 ($97,453,020.00) Equity, (File 333-178698 - Dec. 22) (BR. 02) S-3 Vringo Inc, 18 EAST 16TH STREET, NEW YORK, NY, 10003, 646-861-5575 - 4,113,912 ($4,977,833.52) Equity, (File 333-178700 - Dec. 22) (BR. 11A) S-8 DIAL GLOBAL, INC. /DE/, 220 WEST 42ND STREET, NEW YORK, NY, 10036, 212-419-2900 - 0 ($27,582,288.48) Equity, (File 333-178701 - Dec. 22) (BR. 11A) S-3 CCRE Commercial Mortgage Securities, L.P., 110 EAST 59TH STREET, NEW YORK, NY, 10022, 212-938-5000 - 1,000,000 ($1,000,000.00) Mortgage Backed Securities, (File 333-178702 - Dec. 22) (BR. OSF) S-4 BFC FINANCIAL CORP, 2100 WEST CYPRESS CREEK ROAD, FORT LAUDERDALE, FL, 33309, 9549404900 - 128,614,280 ($44,211,159.00) Equity, (File 333-178703 - Dec. 22) (BR. 07B) S-B HYDRO QUEBEC, 75 RENE LEVESQUE BLVD W, 5TH FLOOR, MONTREAL CANADA, A8, H2Z 1A4, 5142894284 - 0 ($2,285,367,318.00) Non-Convertible Debt, (File 333-178704 - Dec. 22) (BR. 02) S-3 SeaCube Container Leasing Ltd., ONE MAYNARD DRIVE, PARK RIDGE, NJ, 07656, 201-391-0800 - 0 ($205,944,000.00) Other, (File 333-178705 - Dec. 22) (BR. 06C) S-3ASR WAL MART STORES INC, 702 SOUTHWEST 8TH ST, BENTONVILLE, AR, 72716, 5012734000 - 0 ($0.00) Non-Convertible Debt, (File 333-178706 - Dec. 22) (BR. 02A) S-1 ProShares Trust II, 7501 WISCONSIN AVE, SUITE 1000, BETHESDA, MD, 20814, 240-497-6400 - 0 ($26,000,000.00) Other, (File 333-178707 - Dec. 22) (BR. 08B) S-3ASR CAMERON INTERNATIONAL CORP, 1333 WEST LOOP SOUTH, STE 1700, HOUSTON, TX, 77027, 7135133322 - 0 ($0.00) Unallocated (Universal) Shelf, (File 333-178708 - Dec. 22) (BR. 04B) S-8 KENSEY NASH CORP, 735 PENNSYLVANIA DRIVE, EXTON, PA, 19341, 6105947156 - 0 ($11,442,000.00) Equity, (File 333-178709 - Dec. 22) (BR. 10B) S-3 GEORESOURCES INC, 110 CYPRESS STATION DRIVE, SUITE 220, HOUSTON, TX, 77090-1629, 2815379920 - 0 ($500,000,000.00) Unallocated (Universal) Shelf, (File 333-178710 - Dec. 22) (BR. 04B) F-10 WESTPORT INNOVATIONS INC, 101-1750 WEST 75TH AVENUE, VANCOUVER, A1, 000000, 6047182000 - 0 ($291,690,000.00) Equity, (File 333-178714 - Dec. 22) (BR. 10C) S-4 XERIUM TECHNOLOGIES INC, 8537 SIX FORKS ROAD, SUITE 300, RALEIGH, NC, 27615, 919-526-1400 - 0 ($240,000,000.00) Equity, (File 333-178715 - Dec. 22) (BR. 02C) S-4 NORTEK INC, 0 ($500,000,000.00) Debt, (File 333-178716 - Dec. 22) (BR. 11A) S-8 WAL MART STORES INC, 702 SOUTHWEST 8TH ST, BENTONVILLE, AR, 72716, 5012734000 - 0 ($50,000,000.00) Other, (File 333-178717 - Dec. 22) (BR. 02A) S-3 ALBANY MOLECULAR RESEARCH INC, 21 CORPORATE CIRCLE, P O BOX 15098, ALBANY, NY, 12203-5154, 5184640279 - 0 ($50,000,000.00) Equity, (File 333-178718 - Dec. 22) (BR. 01A) S-4 ARCHER DANIELS MIDLAND CO, 4666 FARIES PKWY, DECATUR, IL, 62526, 2174244798 - 0 ($527,688,000.00) Other, (File 333-178719 - Dec. 22) (BR. 04A) S-11 Select Income REIT, TWO NEWTON PLACE, 255 WASHINGTON STREET, SUITE 300, NEWTON, MA, 02458-1634, 617-332-3990 - 0 ($230,000,000.00) Equity, (File 333-178720 - Dec. 22) (BR. ) S-1 Cantor Entertainment Technology, Inc., 2575 S. HIGHLAND DRIVE, LAS VEGAS, NV, 89109, 702 677 3800 - 0 ($100,000,000.00) Equity, (File 333-178721 - Dec. 22) (BR. ) S-3 Fabrinet, 294 MOO 8, VIBHAVADI RANGSIT ROAD, KOOKOT, LUMLOOKA, PATUMTHANEE, W1, 12130, 662-998-9956 - 0 ($160,148,641.00) Equity, (File 333-178722 - Dec. 22) (BR. 11C)
Form 8-K is used by companies to file current reports on the following events:
8-K reports may be viewed in person in the Commission's Public Reference Branch at 100 F Street, N.E., Washington, D.C. To obtain paper copies, please refer to information on the Commission's Web site at http://www.sec.gov/answers/publicdocs.htm. In most cases, you can view and download this information by using the search function located at http://www.sec.gov/edgar/searchedgar/companysearch.html.
STATE NAME OF ISSUER CODE 8K ITEM NO. DATE COMMENT ACACIA RESEARCH CORP DE 8.01 12/20/11 Access Plans Inc 2.02,9.01 12/21/11 ACTIVE POWER INC DE 3.01,9.01 12/19/11 ADCARE HEALTH SYSTEMS INC OH 1.01,9.01 12/16/11 AIR METHODS CORP DE 9.01 08/01/11 AMEND AIRGAS INC DE 1.01,2.03,9.01 12/21/11 AKORN INC LA 7.01,9.01 12/22/11 ALABAMA GAS CORP AL 1.01,2.03,9.01 12/22/11 ALBANY MOLECULAR RESEARCH INC DE 2.05,7.01,9.01 12/20/11 AMAG PHARMACEUTICALS INC. DE 1.01,5.02,9.01 12/16/11 AMBER RESOURCES CO OF COLORADO DE 1.03 12/16/11 AMERICAN APPAREL, INC DE 7.01 12/20/11 AMERICAN GREETINGS CORP OH 2.02,9.01 12/22/11 AMERICAN REALTY CAPITAL HEALTHCARE TR MD 2.01,9.01 12/22/11 AMEND AMERICAN REALTY CAPITAL NEW YORK RECO MD 2.01,9.01 12/22/11 ANIKA THERAPEUTICS INC MA 1.01,9.01 12/21/11 Anoteros, Inc. NV 5.02,8.01 12/20/11 Apple REIT Nine, Inc. VA 8.01 12/19/11 APPLIED INDUSTRIAL TECHNOLOGIES INC OH 5.02,9.01 12/19/11 Applied Minerals, Inc. DE 8.01,9.01 12/22/11 AQUENTIUM INC DE 1.01,2.01 12/14/11 AMEND ARCA biopharma, Inc. DE 1.01,3.02,8.01,9.01 12/21/11 Ardea Biosciences, Inc./DE DE 5.02 12/16/11 ARI NETWORK SERVICES INC /WI WI 5.07 12/20/11 ASTORIA FINANCIAL CORP DE 5.02,8.01 12/21/11 ASURE SOFTWARE INC DE 5.02 12/19/11 ATHENAHEALTH INC DE 5.02 12/19/11 BALLANTYNE STRONG, INC. DE 8.01,9.01 12/22/11 BELO CORP DE 1.01,2.03,9.01 12/21/11 Bitzio, Inc. NV 1.01,2.01,5.05,8.01, 12/22/11 9.01 Black Tusk Minerals Inc. NV 7.01,9.01 12/21/11 BOB EVANS FARMS INC DE 1.01,2.03,9.01 12/16/11 BON TON STORES INC PA 1.01,9.01 12/16/11 Bonanza Creek Energy, Inc. DE 5.03,9.01 12/20/11 BORDERS GROUP INC MI 1.03,9.01 12/21/11 Boston Therapeutics, Inc. DE 5.02 12/20/11 CalAmp Corp. DE 2.02,9.01 12/22/11 Caribou Coffee Company, Inc. MN 8.01 12/20/11 CDI CORP PA 1.01,9.01 12/19/11 CHARTER COMMUNICATIONS, INC. /MO/ DE 2.03,9.01 12/19/11 CHASE BANK USA, NATIONAL ASSOCIATION DE 8.01,9.01 12/21/11 Chelsea Therapeutics International, L DE 8.01,9.01 12/22/11 Chemtura CORP DE 1.01,9.01 12/22/11 CHEROKEE INC DE 5.02 12/16/11 CHESAPEAKE ENERGY CORP OK 8.01,9.01 12/19/11 CHESAPEAKE UTILITIES CORP DE 8.01 12/22/11 China Direct Industries, Inc. FL 2.02,9.01 12/22/11 China Energy Recovery, Inc. DE 8.01 12/22/11 CHRISTOPHER & BANKS CORP DE 2.02,9.01 12/22/11 CIT GROUP INC DE 8.01,9.01 12/20/11 CITIGROUP INC DE 5.02,9.01 12/21/11 CNO Financial Group, Inc. DE 7.01,9.01 12/22/11 COCA COLA BOTTLING CO CONSOLIDATED /D DE 1.01,9.01 12/20/11 COCONNECT INC NV 1.01,4.01,5.03,9.01 12/19/11 COLE CORPORATE INCOME TRUST, INC. MD 8.01 11/10/11 AMEND Cole Credit Property Trust II Inc MD 8.01 11/09/11 AMEND Cole Credit Property Trust III, Inc. MD 8.01 11/09/11 AMEND COLE REAL ESTATE INCOME STRATEGY (DAI MD 1.01,2.01,5.03,5.07, 12/20/11 9.01 COLONY RESORTS LVH ACQUISITIONS LLC NV 1.02 12/22/11 Continental Resources Group, Inc. DE 5.03 12/22/11 Converted Organics Inc. DE 3.02,9.01 12/22/11 CORECARE SYSTEMS INC DE 2.04,8.01,9.01 12/20/11 CORNERSTONE HEALTHCARE PLUS REIT, INC MD 1.01,1.02,5.02,8.01, 12/16/11 9.01 CORONADO BIOSCIENCES INC DE 1.01,5.02,8.01,9.01 12/19/11 CORPORATE OFFICE PROPERTIES TRUST MD 2.05,2.06,5.02,7.01 12/21/11 CORPORATE OFFICE PROPERTIES TRUST MD 2.06 12/21/11 AMEND CPI CORP DE 2.02,9.01 12/22/11 Crestwood Midstream Partners LP DE 5.02 12/21/11 CROGHAN BANCSHARES INC OH 8.01 12/16/11 CROWN MEDIA HOLDINGS INC DE 8.01 12/20/11 CYBEX INTERNATIONAL INC NY 8.01 12/14/11 DANAHER CORP /DE/ DE 1.02 12/21/11 DELL INC DE 7.01 12/20/11 DELTA PETROLEUM CORP/CO CO 1.01,1.03,2.04,3.01, 12/16/11 9.01 Diamond Energy Partners, L.P. 4.01,9.01 12/21/11 AMEND DICKS SPORTING GOODS INC DE 1.01,9.01 12/19/11 Digital Systems, Inc. CO 7.01,9.01 11/30/11 Dividend Capital Total Realty Trust I 8.01 12/22/11 DUNE ENERGY INC DE 1.01,9.01 12/16/11 E MED FUTURE INC NV 8.01 12/21/11 EASTMAN KODAK CO NJ 5.02,9.01 12/20/11 ECB BANCORP INC NC 3.01,5.02,9.01 12/16/11 ECOLOGY COATINGS, INC. NV 1.01 12/22/11 EDIETS COM INC DE 5.02 12/19/11 ELECTRO RENT CORP CA 2.02,9.01 12/21/11 Emergent BioSolutions Inc. DE 5.02,9.01 12/21/11 Emergent BioSolutions Inc. DE 5.02 12/20/11 EMPIRE RESORTS INC DE 1.01,9.01 12/21/11 ENCORE CAPITAL GROUP INC DE 8.01,9.01 12/22/11 Energy Services of America CORP DE 2.02,9.01 12/22/11 Enstar Group LTD D0 3.02 12/22/11 EOS Preferred Corp MA 7.01 12/22/11 ESSA Bancorp, Inc. PA 1.01,7.01,9.01 12/21/11 EVEREST RE GROUP LTD D0 8.01,9.01 12/22/11 EXELIXIS INC DE 1.01,1.02,7.01 12/22/11 EXELON CORP PA 8.01 12/22/11 Federal Home Loan Bank of Boston X1 5.02,8.01,9.01 10/18/11 AMEND Federal Home Loan Bank of Chicago X1 2.03 12/19/11 Federal Home Loan Bank of Cincinnati X1 2.03,9.01 12/19/11 Federal Home Loan Bank of Des Moines X1 2.03,9.01 12/20/11 Federal Home Loan Bank of New York X1 2.03,9.01 12/20/11 Federal Home Loan Bank of Pittsburgh PA 2.03,9.01 12/19/11 Federal Home Loan Bank of San Francis X1 2.03 12/19/11 Federal Home Loan Bank of Topeka 2.03,9.01 12/19/11 FEI CO OR 5.02 12/16/11 FIRST BANCORP /PR/ PR 8.01,9.01 12/21/11 FIRST COLOMBIA GOLD CORP. NV 1.01,9.01 12/16/11 First Financial Northwest, Inc. WA 5.02,9.01 12/22/11 FIRST HORIZON NATIONAL CORP TN 5.02,9.01 12/21/11 FIRST MIDWEST BANCORP INC DE 8.01 12/22/11 FLEXTRONICS INTERNATIONAL LTD. U0 8.01,9.01 12/22/11 FORCE PROTECTION INC NV 1.02,2.01,3.01,3.02, 12/17/11 3.03,5.01,5.02,9.01 FRANKLIN COVEY CO UT 8.01 12/21/11 FULLER H B CO MN 1.01,7.01,9.01 12/21/11 FULTON FINANCIAL CORP PA 8.01,9.01 12/22/11 FX ENERGY INC NV 7.01,9.01 12/22/11 GENCO SHIPPING & TRADING LTD 1.01,2.03,9.01 12/21/11 Genesis Biopharma, Inc NV 1.01,9.01 11/30/11 AMEND Genpact LTD D0 1.01,9.01 12/20/11 GFI Group Inc. DE 8.01,9.01 12/21/11 GigOptix, Inc. DE 1.01,3.03,5.03,8.01, 11/15/11 9.01 GLOBALSCAPE INC DE 5.02,9.01 12/16/11 GLOWPOINT, INC. DE 5.02,9.01 12/21/11 Graystone Co DE 1.01,2.03,3.02,4.01, 12/08/11 AMEND 9.01 GROUP 1 AUTOMOTIVE INC DE 7.01,9.01 12/21/11 GULF RESOURCES, INC. DE 1.01,8.01,9.01 12/22/11 Hampden Bancorp, Inc. DE 7.01,9.01 12/21/11 HARSCO CORP DE 5.02 12/19/11 HAWKER BEECHCRAFT ACQUISITION CO LLC DE 5.02 12/16/11 HEARTLAND PAYMENT SYSTEMS INC DE 1.01,9.01 12/22/11 Heron Lake BioEnergy, LLC MN 8.01,9.01 12/19/11 HIGHLANDS BANCORP, INC. NJ 5.02,9.01 12/20/11 HIGHWATER ETHANOL LLC 5.02 12/21/11 HINTO ENERGY, INC WY 3.02 12/16/11 HOTEL OUTSOURCE MANAGEMENT INTERNATIO DE 1.01,9.01 12/16/11 Hubei Minkang Pharmaceutical Ltd. NV 2.01,3.02,4.01,5.01, 07/08/11 AMEND 5.02,5.03,5.06,7.01, 9.01 ICF International, Inc. DE 7.01,8.01,9.01 12/22/11 ICU MEDICAL INC/DE DE 1.01,9.01 12/19/11 IDENIX PHARMACEUTICALS INC DE 1.02 12/16/11 IDENTIVE GROUP, INC. DE 5.02,7.01,8.01,9.01 12/21/11 IDO Security Inc. NV 5.03,8.01 12/16/11 IMPAX LABORATORIES INC DE 8.01,9.01 12/21/11 IMPERIAL SUGAR CO /NEW/ TX 3.01,8.01 12/19/11 INDEPENDENCE REALTY TRUST, INC MD 1.01,2.01,2.03,3.02, 12/16/11 9.01 INERGY L P DE 1.01,2.01,2.03,9.01 12/21/11 INERGY MIDSTREAM, L.P. 1.01,2.01,2.03,3.02, 12/21/11 5.02,5.03,9.01 Inova Technology Inc. NV 1.02,9.01 12/22/10 IntelGenx Technologies Corp. DE 7.01,9.01 12/22/11 Intermec, Inc. DE 1.01,2.03,9.01 12/21/11 INTERNATIONAL LEASE FINANCE CORP CA 1.01,2.03,9.01 12/22/11 INVIVO THERAPEUTICS HOLDINGS CORP. NV 1.01,3.02,9.01 12/21/11 ISECURETRAC CORP DE 1.01,2.03,5.02,9.01 12/19/11 ISTA PHARMACEUTICALS INC DE 7.01,9.01 12/21/11 JOY GLOBAL INC DE 7.01,9.01 12/22/11 JPMORGAN CHASE & CO DE 8.01,9.01 12/22/11 KANSAS CITY SOUTHERN DE 7.01,9.01 12/21/11 KBR, INC. DE 8.01 12/21/11 KRONOS WORLDWIDE INC 7.01,9.01 12/21/11 LACROSSE FOOTWEAR INC WI 5.02,9.01 12/19/11 LANNETT CO INC DE 3.01 12/20/11 Laredo Petroleum Holdings, Inc. DE 1.01,2.03,3.02,5.02, 12/19/11 5.03,7.01,9.01 LECROY CORP DE 1.01,2.03,9.01 12/21/11 LIGHTING SCIENCE GROUP CORP DE 3.02 12/16/11 Lightwave Logic, Inc. NV 5.02 12/21/11 Lightyear Network Solutions, Inc. NV 1.01,1.02,2.03,9.01 12/16/11 LIN TV CORP. DE 1.01,2.03,8.01,9.01 12/22/11 LITHIA MOTORS INC OR 1.01,1.02,9.01 12/22/11 LSB INDUSTRIES INC DE 8.01,9.01 12/22/11 LTV CORP DE 8.01,9.01 12/21/11 LUBYS INC DE 2.02,9.01 12/21/11 MAM SOFTWARE GROUP, INC. DE 5.07 12/16/11 MARCHEX INC DE 1.01,5.02 12/20/11 Mattersight Corp DE 2.03,2.04,3.02,5.02, 12/19/11 8.01,9.01 MCJUNKIN RED MAN HOLDING CORP DE 8.01,9.01 12/21/11 MENS WEARHOUSE INC TX 8.01,9.01 12/19/11 MHI Hospitality CORP MD 1.01,2.03,9.01 12/21/11 MICROSOFT CORP WA 5.07 11/15/11 AMEND MIDDLEBURG FINANCIAL CORP VA 5.02,5.03,9.01 12/21/11 MIDDLESEX WATER CO NJ 5.02 12/22/11 MOMENTA PHARMACEUTICALS INC DE 1.01 12/22/11 MUTUALFIRST FINANCIAL INC MD 8.01,9.01 12/22/11 National American University Holdings DE 7.01 12/21/11 National Automation Services Inc NV 8.01 12/20/11 NATIONAL FUEL GAS CO NJ 5.02 12/19/11 NEOPROBE CORP DE 8.01 12/22/11 NETFLIX INC DE 5.02 12/22/11 NEUSTAR INC 9.01 11/08/11 AMEND NEWS CORP 8.01,9.01 12/22/11 NN INC DE 1.01,2.03,8.01,9.01 12/20/11 NORTH AMERICAN ENERGY RESOURCES, INC. 1.02,9.01 12/22/10 Northfield Bancorp, Inc. X1 5.02,8.01,9.01 12/18/11 NORTHROP GRUMMAN CORP /DE/ DE 5.02 12/21/11 NORTHWEST PIPE CO OR 4.02 12/19/11 Nuveen Diversified Commodity Fund DE 8.01,9.01 12/21/11 NXXI Inc. NY 7.01,9.01 12/20/11 NYXIO TECHNOLOGIES Corp NV 9.01 07/05/11 AMEND OMNI BIO PHARMACEUTICAL, INC. CO 7.01,9.01 12/22/11 Oneida Financial Corp. MD 8.01,9.01 12/22/11 ORMAT TECHNOLOGIES, INC. DE 8.01,9.01 12/16/11 OTELCO INC. DE 9.01 10/14/11 AMEND PAIN THERAPEUTICS INC DE 1.01,2.03 12/20/11 PALADIN REALTY INCOME PROPERTIES INC MD 8.01 12/21/11 PanAm Terra, Inc. NV 5.02,9.01 12/20/11 PANTRY INC DE 5.02 12/19/11 PARK BANCORP INC DE 8.01 12/22/11 PARKWAY PROPERTIES INC MD 8.01,9.01 12/22/11 PARKWAY PROPERTIES INC MD 8.01,9.01 12/22/11 PENNICHUCK CORP NH 1.01,8.01 12/22/11 PENSKE AUTOMOTIVE GROUP, INC. DE 1.01,1.02,2.03,8.01, 12/16/11 9.01 PEPCO HOLDINGS INC DE 8.01 12/15/11 PETROLEUM DEVELOPMENT CORP NV 1.01 12/20/11 Pharmasset Inc 8.01 12/20/11 Phillips Edison - ARC Shopping Center MD 2.01 12/21/11 PIEDMONT NATURAL GAS CO INC NC 5.02 12/16/11 Piedmont Office Realty Trust, Inc. MD 7.01,9.01 12/22/11 PMFG, Inc. DE 2.01 12/22/11 POST PROPERTIES INC GA 1.02,8.01,9.01 12/22/11 POTLATCH CORP DE 1.01,9.01 12/22/11 POTOMAC ELECTRIC POWER CO VA 8.01 12/21/11 PREMIERWEST BANCORP OR 5.02,5.07,9.01 12/21/11 Prologis, Inc. MD 5.02,8.01,9.01 12/20/11 PROSPECT GLOBAL RESOURCES INC. NV 8.01,9.01 12/16/11 PROVIDENT NEW YORK BANCORP DE 5.03,9.01 12/20/11 PS BUSINESS PARKS INC/CA CA 1.01,2.01,2.03,9.01 12/20/11 RAM ENERGY RESOURCES INC DE 1.01,3.02,9.01 12/21/11 RAMBUS INC DE 8.01,9.01 12/22/11 REDDY ICE HOLDINGS INC DE 3.01,9.01 12/21/11 REGAL ENTERTAINMENT GROUP DE 1.02,5.02,9.01 12/20/11 REPLIGEN CORP DE 8.01,9.01 12/21/11 REPUBLIC SERVICES, INC. DE 5.02,9.01 12/21/11 REVA Medical, Inc. DE 8.01,9.01 12/21/11 RIGHTNOW TECHNOLOGIES INC MT 5.07,8.01,9.01 12/22/11 Riverview Financial Corp PA 5.02,9.01 12/21/11 ROMA FINANCIAL CORP X1 8.01,9.01 12/22/11 SAFEWAY INC DE 1.01,2.03,9.01 12/19/11 SANDERSON FARMS INC MS 2.02,9.01 12/20/11 SANTARUS INC DE 8.01 12/21/11 SANUWAVE Health, Inc. NV 7.01,9.01 12/21/11 SEABOARD CORP /DE/ DE 1.01,5.02,8.01,9.01 12/21/11 SeaCube Container Leasing Ltd. 7.01,9.01 12/22/11 SEQUENOM INC DE 8.01 12/19/11 SIGNATURE GROUP HOLDINGS, INC. NV 8.01 12/21/11 Southern Trust Securities Holding Cor FL 4.01 12/19/11 SPARE BACKUP, INC. DE 5.07 12/16/11 Spectrum Brands Holdings, Inc. DE 2.01,8.01,9.01 12/22/11 Spectrum Brands, Inc. DE 2.01,8.01,9.01 12/22/11 Stanadyne Holdings, Inc. DE 1.01,2.03,9.01 12/16/11 Standard Gold CO 1.01,3.02,5.02,9.01 12/16/11 Steadfast Income REIT, Inc. MD 1.01,9.01 12/19/11 Steel Excel Inc. DE 1.01,3.03,5.03,8.01, 12/21/11 9.01 STERIS CORP OH 8.01 12/20/11 STRATS SM TRUST FOR Goldman Sachs Cap 8.01,9.01 12/15/11 STRATS SM TRUST FOR GOLDMAN SACHS GRO 8.01,9.01 12/15/11 STRATS SM TRUST FOR JPMORGAN CHASE & 8.01,9.01 12/15/11 STRATS SM TRUST FOR U S CELL CORP SEC 8.01,9.01 12/15/11 STRATS SM TRUST FOR WAL-MART STORES, 8.01,9.01 12/15/11 STRATS(SM) TRUST FOR DOMINION RESOURC 8.01,9.01 12/15/11 STRATS(SM) TRUST FOR GEN ELEC CAP COR 8.01,9.01 12/15/11 STRATS(SM) Trust For Goldman Sachs Ca 8.01,9.01 12/15/11 SUN COMMUNITIES INC MD 2.01,2.03,9.01 12/16/11 Surge Global Energy, Inc. DE 8.01 12/21/11 TEL OFFSHORE TRUST TX 2.02,9.01 12/22/11 Tennessee Valley Authority 5.02 12/21/11 TERADYNE, INC MA 9.01 10/05/11 AMEND TEXAS INSTRUMENTS INC DE 3.02 12/19/11 TGC INDUSTRIES INC TX 5.07 12/16/11 THORATEC CORP CA 1.01,2.03,9.01 12/19/11 TNP Strategic Retail Trust, Inc. MD 1.01,2.03,7.01,9.01 12/16/11 United Continental Holdings, Inc. DE 1.01,2.03,9.01 12/22/11 United Continental Holdings, Inc. DE 7.01,9.01 12/22/11 UTAH MEDICAL PRODUCTS INC UT 9.01 03/17/11 AMEND VASCULAR SOLUTIONS INC MN 1.01,2.03,9.01 12/20/11 VENTAS INC DE 1.02,2.03,9.01 12/21/11 VERISIGN INC/CA DE 2.02,9.01 12/22/11 VERMILLION, INC. DE 8.01 12/21/11 VIRCO MFG CORPORATION DE 1.01,1.02,2.03,8.01, 12/22/11 9.01 VIRTUSA CORP 2.03 12/21/11 VISANT CORP 8.01 12/22/11 WASHINGTON MUTUAL, INC WA 7.01,9.01 12/21/10 WASHINGTON POST CO DE 5.03 12/22/11 WAVE SYSTEMS CORP DE 5.02,9.01 12/20/11 WEIGHT WATCHERS INTERNATIONAL INC VA 5.02,9.01 12/22/11 WELLS FARGO & CO/MN DE 9.01 12/22/11 WESTFIELD FINANCIAL INC MA 8.01,9.01 12/21/11 Westway Group, Inc. DE 8.01,9.01 12/21/11 WHITE SMILE GLOBAL, INC. NV 5.02,9.01 12/16/11 Whitestone REIT TX 7.01,9.01 12/22/11 Whitestone REIT Operating Partnership DE 7.01,9.01 12/22/11 Win Global Markets, Inc. NV 1.01,9.01 12/22/11 XERIUM TECHNOLOGIES INC DE 7.01 12/22/11 XPO Logistics, Inc. DE 5.02,8.01,9.01 12/19/11 ZIONS BANCORPORATION /UT/ UT 9.01 12/22/11 ZIOPHARM ONCOLOGY INC DE 8.01 12/22/11 ZOLL MEDICAL CORP MA 5.02 12/18/11