An order was issued granting exemptions to ALPS ETF Trust, ALPS/GS Momentum Builder Growth Markets Equities and U.S. Treasuries Index ETF, ALPS/GS Momentum Builder Multi-Asset Index ETF, and ALPS/GS Momentum Builder Asia ex-Japan Equities and U.S. Treasuries Index ETF from Rules 101 and 102 of Regulation M pursuant to Rules 101(d) and 102(e) of Regulation M, and from Exchange Act Rule 10b-17 pursuant to Exchange Act Rule 10b-17(b)(2). (Rel. 34-68459)
SEC Charges Advisory Firms and Portfolio Managers for Roles in Collapse of Midwest-Based Closed-End Mutual Fund
The Securities and Exchange Commission today charged two investment advisory firms and two portfolio managers responsible for managing a Midwest-based closed-end mutual fund for their roles in the failure to adequately inform investors about the fund’s risky derivative strategies that contributed to its collapse during the financial crisis.
An SEC investigation found that the Fiduciary/Claymore Dynamic Equity Fund (HCE) attempted two strategies to enhance returns – writing out-of-the money put options and shorting variance swaps. This exposed HCE to additional undisclosed risks and caused the fund to lose more than $45 million in September and October 2008, which was approximately 45 percent of its net assets. The fund liquidated in 2009.
Fund adviser and administrator Claymore Advisors LLC, which is located in Lisle, Ill., and the sub-adviser responsible for managing HCE’s portfolio, St. Louis-based Fiduciary Asset Management LLC (FAMCO), agreed to settle the SEC’s charges. Claymore has established a plan to distribute up to $45 million to fully compensate investors for losses related to the problematic trading. FAMCO agreed to pay an additional $2 million in disgorgement and penalties. The SEC’s case continues against former FAMCO employees Mohammed K. Riad of Clayton, Mo., and Kevin Timothy Swanson of St. Louis, the co-portfolio managers who allegedly made misleading statements in HCE’s periodic reports about the two strategies’ contribution to HCE’s performance and about HCE’s exposure to downside risk.
“When discussing fund performance and risks, fund advisers must candidly and accurately portray how the fund is being managed. The disclosures in this case fell short of the mark,” said Robert J. Burson, Senior Associate Regional Director of the SEC’s Chicago office.
The SEC’s investigation was conducted by the Chicago office and the Enforcement Division’s Structured and New Products Unit that focuses on derivatives and other complex financial products.
“Derivatives have the potential to vastly increase the amount of leverage and exposure for a fund. HCE was exposed to substantial undisclosed risks as a result of its use of these complex financial instruments, and investors weren’t sufficiently told,” said Kenneth Lench, Chief of the SEC Enforcement Division’s Structured and New Products Unit.
According to the SEC’s orders instituting the settled and unsettled administrative proceedings, FAMCO managed HCE in a manner that was inconsistent with the fund’s registration statement. Through the portfolio managers, FAMCO made misleading statements about HCE’s performance, omitting discussion of contributions from the put-writing and variance swap strategies. FAMCO also made misleading statements about HCE’s exposure to downside risk. Investors in HCE lost $45,396,878 as a result of this riskier trading, and the fund lost $70 million total (72.4 percent of its net asset value) during this period of general market decline.
The SEC’s order found that Claymore failed reasonably to supervise FAMCO as required by the firms’ investment advisory agreements, and found that Claymore caused HCE’s failure to provide adequate disclosure in HCE’s annual report or an amended registration statement about the fund’s use of written put options and variance swaps and their associated risks. Claymore consented to the order without admitting or denying the charges, and has established a distribution plan to fully reimburse shareholders for up to $45,396,878 in losses from these derivative transactions.
FAMCO agreed to pay disgorgement of $644,951, prejudgment interest of $134,978, and a penalty of $1.3 million. Without admitting or denying the charges, FAMCO agreed to be censured and to cease and desist from committing or causing any violations of Section 206(4) of the Investment Advisers Act of 1940 and Rule 206(4)-8, and Section 34(b) of the Investment Company Act of 1940.
The case continues against Riad and Swanson, who the SEC Division of Enforcement alleges violated, aided and abetted, and/or caused violations of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5, Section 206(4) of the Investment Advisers Act and Rule 206(4)-8, and Section 34(b) of the Investment Company Act. The Division also alleges that Riad caused violations of Investment Company Act Rule 8b-16.
The SEC’s investigation was conducted by Jeffrey A. Shank and Anne C. McKinley with assistance from Emmanouil Tsimouris and Susan M. Weis in the Office of Compliance Inspections and Examinations. Robert M. Moye will lead the SEC’s litigation. Related examinations of HCE, Claymore, and FAMCO were conducted by Mr. Tsimouris, Ms. Weis, Edward J. Wicherek, Michael R. Collins, Vanessa L. Horton, Walter H. Melcher, and Anthony J. Santoro under the supervision of Belinda A. Hoskins, Andrew D. Schuster, Maureen S. Dempsey, and David J. Mueller in the Chicago office. (Press Rel. 2012-272; IA-3519; IA-3520; 34-68467)
Securities and Exchange Commission Orders Hearing on Registration Suspension or Revocation Against Seven Public Companies for Failure to Make Required Periodic Filings
On December 18, 2012, the Commission instituted public administrative proceedings to determine whether to revoke or suspend for a period not exceeding twelve months the registrations of each class of the securities of seven companies for failure to make required periodic filings with the Commission:
In this Order, the Division of Enforcement (Division) alleges that the seven issuers are delinquent in their required periodic filings with the Commission.
In this proceeding, instituted pursuant to Exchange Act Section 12(j), a hearing will be scheduled before an Administrative Law Judge. At the hearing, the Administrative Law Judge will hear evidence from the Division and the Respondents to determine whether the allegations of the Division contained in the Order, which the Division alleges constitute failures to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 thereunder, are true. The Administrative Law Judge in the proceeding will then determine whether the registrations pursuant to Exchange Act Section 12 of each class of the securities of these Respondents should be revoked or suspended for a period not exceeding twelve months. The Commission ordered that the Administrative Law Judge in this proceeding issue an initial decision not later than 120 days from the date of service of the order instituting proceedings. (Rel. 34-68463; File No. 3-15138)
In the Matter of C.D. Acquisition Corp., et al.
An Administrative Law Judge (ALJ) issued an Order Making Findings and Revoking Registrations by Default in C.D. Acquisition Corp., Admin. Proc. File No. 3-15099 (Default Order). The Default Order finds that C.D. Acquisition Corp., Center Income Properties 2, LP, Chronodynamics, Ltd., Ciao Cucina Corp., Cintech Solutions, Inc., Compound Natural Foods, Inc., The Credit Store, Inc., and Crown Vantage, Inc., are issuers of securities registered pursuant to Section 12(g) of the Securities Exchange Act of 1934 (Exchange Act), and that they failed to comply with Section 13(a) of the Exchange Act and Exchange Act Rules 13a-1 and 13a-13 by failing to file required periodic reports with the Securities and Exchange Commission. As a result, the ALJ ordered that the registration of each class of each issuer’s registered securities is revoked. (Rel. 34-68465; File No. 3-15099)
Commission Revokes Registration of Securities of Crown International, Inc. For Failure to Make Required Periodic Filings
On December 19, 2012, the Commission revoked the registration of each class of registered securities of Crown International, Inc. (Crown International) for failure to make required periodic filings with the Commission.
Without admitting or denying the findings in the Order, except as to jurisdiction, which it admitted, Crown International consented to the entry of an Order Making Findings and Revoking Registration of Securities Pursuant to Section 12(j) of the Securities Exchange Act of 1934 as to Crown International, Inc. finding that it had failed to comply with Section 13(a) of the Securities Exchange Act of 1934 (Exchange Act) and Rules 13a-1 and 13a-13 thereunder and revoking the registration of each class of Crown International’s securities pursuant to Section 12(j) of the Exchange Act. This Order settled the proceedings brought against Crown International in In the Matter of China Wesen Recycling Technology, Inc., et al., Administrative Proceeding File No. 3-15111.
Brokers and dealers should be alert to the fact that Exchange Act Section 12(j) provides, in pertinent part, as follows:
For further information see Order Instituting Administrative Proceedings and Notice of Hearing Pursuant to Section 12(j) of the Securities Exchange Act of 1934, In the Matter of China Wesen Recycling Technology, Inc., et al., Administrative Proceeding File No. 3-15111, Exchange Act Release No. 68321, November 29, 2012. (Rel. 34-68466; File No. 3-15111)
In the Matter of Michael Passaro
On December 19, 2012, the Commission issued an Order Instituting Administrative Proceedings Pursuant to Section 15(b) of the Securities Exchange Act of 1934 (Exchange Act) Making Findings and Imposing Remedial Sanctions (Order) against Michael Passaro. The Order finds that on January 28, 2011 Passaro pled guilty to securities fraud, wire fraud, mail fraud, and conspiracy to commit those three offenses, in violation of 15 U.S.C. §§ 78j(b) and 78ff; 17 C.F.R. § 240.10b-5; and 18 U.S.C. §§ 1341, 1343, and 2, before the United States District Court for the Southern District of New York, in United States v. Ross Mandell, et al., 09-cr-662 (S.D.N.Y.). Passaro, 49 years old, is a resident of Charlotte, North Carolina. Passaro was a registered representative (“RR”) at The Thornwater Company, L.P. (“Thornwater”) from 2000 to 2002. Passaro was next an RR at Sky Capital LLC (now known as Granta Capital LLC) (Sky Capital), a New York-based broker-dealer, from 2001 to 2008. The counts of the criminal indictment under which Passaro pled guilty alleged, inter alia, that after Passaro began working at Thornwater through at least 2006, Passaro and others carried out a fraudulent scheme by soliciting millions of dollars from investors under false pretenses, manipulating the market for certain affiliated companies’ stocks, failing to use investors’ funds as promised, and misappropriating and converting investors’ funds without their knowledge. The indictment alleged that Passaro and others used material misrepresentations and omissions to cause individuals to invest in a series of purported investment opportunities, including private placements. The indictment also alleged that Passaro and others raised a total of approximately $140 million from investors through their fraudulent scheme. The indictment further alleged that Passaro and his co-defendants used those funds to enrich themselves, pay undisclosed commissions to brokers, and pay off earlier investors who had lost funds on prior purported investment opportunities. Passaro’s sentencing hearing has not yet been scheduled.
Based on the above, the Order bars Passaro from association with any broker, dealer, investment adviser, municipal securities dealer, municipal advisor, transfer agent, or nationally recognized statistical rating organization. Passaro consented to the Order.
For more information about this matter, please see Litigation Release Number 21120 / July 8, 2009. (Rel. 34-68477; File No. 3-15142)
Yorkville ETF Trust, et al.
A notice has been issued giving interested persons until January 11, 2013, to request a hearing on an application filed by Yorkville ETF Trust, et al., for an order to permit: (a) series of certain open-end management investment companies to issue shares (Shares) redeemable in large aggregations only (Creation Units); (b) secondary market transactions in Shares to occur at negotiated market prices; (c) certain series to pay redemption proceeds, under certain circumstances, more than seven days from the tender of Creation Units for redemption; (d) certain affiliated persons of the series to deposit securities into, and receive securities from, the series in connection with the purchase and redemption of Creation Units; and (e) certain registered management investment companies and unit investment trusts outside of the same group of investment companies as the series to acquire Shares. (Rel. IC-30306 – December 17)
Immediate Effectiveness of Proposed Rule Changes
A proposed rule change filed by the BATS Y-Exchange, Inc., related to fees for use of BATS Y-Exchange, Inc. (SR-BYX-2012-024) 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 17. (Rel. 34-68450)
A proposed rule change filed by NYSE MKT LLC extending the temporary suspension of those aspects of Rules 36.20 - Equities and 36.21 - Equities that would not permit Floor brokers to use personal portable phone devices on the Trading Floor following the aftermath of hurricane Sandy until the earlier of when phone service is fully restored or Friday, January 18, 2013 (SR-NYSEMKT-2012-82) 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 17. (Rel. 34-68451)
A proposed rule change filed by New York Stock Exchange LLC extending the temporary suspension of those aspects of Rules 36.20 and 36.21 that would not permit Floor brokers to use personal portable phone devices on the Trading Floor following the aftermath of hurricane Sandy until the earlier of when phone service is fully restored or Friday, January 18, 2013 (SR-NYSE-2012-73) 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 17. (Rel. 34-68452)
A proposal filed by the Chicago Stock Exchange, Inc. to amend Article 18, Rule 13 (Advertising and Promotion) of its Rules (SR-CHX-2012-14) has become immediately effective pursuant to Section 19(b)(3) of the Securities Exchange Act of 1934. The filing adopts new provisions that prohibit deceptive and other abusive telemarketing acts or practices. Publication is expected in the Federal Register during the week of December 17. (Rel. 34-68455)
Proposed Rule Changes
Chicago Board Options Exchange, Incorporated has filed a proposed rule change, as modified by Amendment No. 2 (SR-CBOE-2012-120) pursuant to Rule 19b-4 under the Securities Exchange Act of 1934 to allow the listing and trading of a P.M.-Settled S&P 500 index option product. Publication is expected in the Federal Register during the week of December 17. (Rel. 34-68457)
NYSE Arca, Inc. has filed a proposed rule change (SR-NYSEArca-2012-139) pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 and Rule 19b-4 thereunder to list and trade First Trust Preferred Securities and Income ETF under NYSE Arca Equities Rule 8.600. Publication is expected in the Federal Register during the week of December 17. (Rel. 34-68458)
Approval of Proposed Rule Changes
The Commission approved a proposed rule change submitted by NYSE MKT LLC (SR-NYSEMKT-2012-41) pursuant to Rule 19b-4 under the Securities Exchange Act of 1934 to permit the Exchange to list additional strike prices until the close of trading on the second business day prior to monthly expiration. Publication is expected in the Federal Register during the week of December 17. (Rel. 34-68460)
The Commission approved a proposed rule change submitted by NYSE Arca, Inc. (SR-NYSEArca-2012-94) pursuant to Rule 19b-4 under the Securities Exchange Act of 1934 to permit the Exchange to list additional strike prices until the close of trading on the second business day prior to monthly expiration. Publication is expected in the Federal Register during the week of December 17. (Rel. 34-68461)
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 PVR PARTNERS, L. P., THREE RADNOR CORPORATE CENTER, 100 MATSONFORD ROAD, SUITE 301, RADNOR, PA, 19087, 610 975 8200 - 0 ($600,000,000.00) Debt, (File 333-185535 - Dec. 18) (BR. 02) S-1 Boomers, Inc., 20797 FAIRWAY DRIVE, PATTERSON, CA, 95363, 702-401-9508 - 3,000,000 ($30,000.00) Equity, (File 333-185537 - Dec. 18) (BR. 11C) S-8 BANCO BILBAO VIZCAYA ARGENTARIA, S.A., PASEO DE LA CASTELLANA, 81, MADRID, U3, 28046, 011 34 91 537 8172 - 2,759,000 ($24,113,660.00) Other, (File 333-185538 - Dec. 18) (BR. 12A) S-8 FRESH START PRIVATE MANAGEMENT, INC., 999 N. TUSTIN AVENUE, SUITE 16, SANTA ANA, CA, 92705, (714) 541-6100 - 0 ($275,000.00) Equity, (File 333-185539 - Dec. 18) (BR. 01A)
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 ----------------------------------------------------------------------------------------- AAR CORP DE 2.02,9.01 12/18/12 ACADIA PHARMACEUTICALS INC DE 1.01,3.02,9.01 12/17/12 ACCESS MIDSTREAM PARTNERS LP DE 1.01,9.01 12/12/12 ACCESS MIDSTREAM PARTNERS LP DE 7.01,9.01 12/12/12 ADT Corp DE 1.01,5.02,7.01,9.01 12/17/12 AEMETIS, INC NV 7.01,9.01 12/18/12 Aleris International, Inc. DE 1.01,2.03,3.03,9.01 12/12/12 ALION SCIENCE & TECHNOLOGY CORP DE 2.02,7.01,8.01 12/18/12 ALLEGHANY CORP /DE DE 7.01,9.01 12/18/12 ALTRIA GROUP, INC. VA 1.01,8.01,9.01 12/17/12 AMEREN CORP MO 5.02,5.03,9.01 12/13/12 AMERICAN GRAPHITE TECHNOLOGIES INC. NV 1.01,9.01 12/03/12 AMERICAN INTERNATIONAL VENTURES INC / DE 4.02 12/17/12 AMERICAN LASER HEALTHCARE Corp DE 3.02,4.01,5.02 10/31/12 AMEND AMERICAN NATIONAL BANKSHARES INC VA 9.01 12/20/11 AMERICAN NATIONAL BANKSHARES INC VA 9.01 12/18/12 American Railcar Industries, Inc. ND 7.01 12/17/12 American Realty Capital Properties, I MD 7.01,8.01,9.01 12/17/12 American Realty Capital Trust III, In MD 7.01,8.01,9.01 12/14/12 AMERICAN TOWER CORP /MA/ DE 7.01,9.01 12/18/12 AMERICANWEST BANCORPORATION WA 7.01,9.01 12/14/12 ANV SECURITY GROUP INC. NV 4.01,9.01 12/10/12 AP PHARMA INC /DE/ DE 8.01,9.01 12/17/12 APPLETON PAPERS INC/WI 5.02 12/17/12 ARBITRON INC DE 1.01,5.02,7.01,9.01 12/17/12 Armour Residential REIT, Inc. MD 8.01,9.01 12/17/12 Armour Residential REIT, Inc. MD 8.01,9.01 12/17/12 As Seen On TV, Inc. FL 1.01,3.02,9.01 11/14/12 AMEND ASHFORD HOSPITALITY TRUST INC MD 7.01,9.01 12/18/12 Asia Carbon Industries, Inc. MD 7.01,9.01 12/18/12 ASSURANT INC 8.01,9.01 12/18/12 ASTRO MED INC /NEW/ RI 8.01,9.01 12/17/12 AT&T INC. DE 8.01,9.01 12/17/12 ATWOOD OCEANICS INC TX 5.03,9.01 12/12/12 AUTOLIV INC DE 5.02,8.01,9.01 12/18/12 AXCELIS TECHNOLOGIES INC DE 7.01 12/18/12 AXION INTERNATIONAL HOLDINGS, INC. CO 2.03,3.02 12/17/12 AXIS CAPITAL HOLDINGS LTD 8.01,9.01 12/17/12 BEHRINGER HARVARD MULTIFAMILY REIT I 7.01,9.01 12/18/12 Behringer Harvard Opportunity REIT II MD 1.01 12/12/12 BERKSHIRE HILLS BANCORP INC DE 5.02,5.03,8.01,9.01 12/13/12 BioCube, INC. DE 1.01 12/17/12 Biodel Inc DE 2.02,9.01 12/18/12 BIOMARIN PHARMACEUTICAL INC DE 5.02,9.01 12/17/12 BIOTIME INC CA 7.01,9.01 12/18/12 Bitzio, Inc. NV 1.01,2.03,5.02,9.01 12/14/12 Bizzingo, Inc. NV 5.02 12/12/12 Blue Earth, Inc. NV 1.01 12/12/12 BLUEGREEN CORP MA 5.02,5.07 12/13/12 BROOKS AUTOMATION INC DE 2.05,4.01 12/12/12 CAMDEN NATIONAL CORP ME 5.02,8.01,9.01 12/18/12 CapLease, Inc. 5.02,9.01 12/12/12 CARDTRONICS INC DE 8.01,9.01 12/18/12 CAREER EDUCATION CORP DE 8.01 12/05/12 CARTERS INC DE 5.02,7.01,9.01 12/17/12 CASUAL MALE RETAIL GROUP INC DE 7.01,9.01 12/18/12 CENTER BANCORP INC NJ 5.02 12/11/12 CENTERLINE HOLDING CO DE 5.07 12/13/12 CFS BANCORP INC IN 7.01,9.01 12/18/12 CFS BANCORP INC IN 7.01,9.01 12/18/12 CH ENERGY GROUP INC NY 5.02 12/12/12 CHASE BANK USA, NATIONAL ASSOCIATION DE 8.01,9.01 12/17/12 CHEMBIO DIAGNOSTICS, INC. NV 7.01,9.01 12/17/12 China BCT Pharmacy Group, Inc. DE 4.01,9.01 12/14/12 China Industrial Steel Inc. MD 7.01,9.01 12/18/12 Chisen Electric Corp NV 1.01,9.01 12/17/12 CITIZENS REPUBLIC BANCORP, INC. MI 8.01,9.01 12/11/12 AMEND CLEAN DIESEL TECHNOLOGIES INC DE 5.02,9.01 12/13/12 CLEAN WIND ENERGY TOWER, INC. NV 8.01,9.01 12/17/12 Clearwire Corp /DE DE 1.01,5.01,9.01 12/17/12 Clearwire Corp /DE DE 8.01,9.01 12/18/12 COCA-COLA ENTERPRISES, INC. DE 8.01 12/18/12 CombiMatrix Corp DE 3.02 12/13/12 COMMUNITY FINANCIAL SHARES INC DE 5.07 12/12/12 COMMUNITY WEST BANCSHARES / CA 8.01 12/11/12 Computer Vision Systems Laboratories FL 2.03,3.02,9.01 12/12/12 CONNECTICUT WATER SERVICE INC / CT CT 1.01,8.01,9.01 12/12/12 CONSOL Energy Inc DE 5.02 12/13/12 CONSOL Energy Inc DE 1.04 12/12/12 CORELOGIC, INC. DE 8.01,9.01 12/13/12 CoreSite Realty Corp MD 1.01,3.03,5.03,9.01 12/12/12 CORPORATE OFFICE PROPERTIES TRUST MD 5.03,9.01 12/13/12 CROWN CASTLE INTERNATIONAL CORP DE 7.01,9.01 12/17/12 CSP INC /MA/ MA 2.02,9.01 12/13/12 CUBIC CORP /DE/ DE 8.01 12/14/12 CYTODYN INC CO 5.02,5.07,9.01 12/12/12 CYTOKINETICS INC 3.01 12/18/12 Daulton Capital Corp. NV 4.01 12/14/12 DECKERS OUTDOOR CORP DE 5.03,9.01 12/12/12 DIAMOND OFFSHORE DRILLING INC DE 7.01,9.01 12/18/12 DIGI INTERNATIONAL INC DE 5.02 12/18/12 Digital Development Group Corp NV 5.02,8.01 12/13/12 DineEquity, Inc DE 5.03,9.01 12/14/12 Discovery Communications, Inc. DE 8.01,9.01 12/17/12 Diversified Resources Inc. NV 4.01,9.01 12/13/12 DubLi, Inc. NV 4.02 12/12/12 DYNATRONICS CORP UT 5.07,9.01 12/17/12 DYNEGY INC. DE 1.01,9.01 12/17/12 EastBridge Investment Group Corp AZ 8.01,9.01 12/17/12 Echo Automotive, Inc. NV 7.01,9.01 12/17/12 Eco-Trade Corp. DE 2.02,5.02 12/18/12 EDISON INTERNATIONAL CA 5.02 12/13/12 ELECTRONIC CONTROL SECURITY INC NJ 5.07,9.01 12/13/12 Ellington Financial LLC DE 7.01 12/18/12 Ellington Financial LLC DE 5.02 12/12/12 ENERGY FOCUS, INC/DE DE 1.01,2.03,5.02,9.01 12/12/12 ENTEST BIOMEDICAL, INC. NV 4.01,9.01 12/04/12 ERHC Energy Inc CO 7.01,9.01 12/14/12 ESTERLINE TECHNOLOGIES CORP DE 5.02,5.03,9.01 12/13/12 EURASIA DESIGN INC. NV 1.01,2.01,3.02,5.03, 07/06/12 AMEND 5.06,8.01,9.01 FACTSET RESEARCH SYSTEMS INC DE 2.02,9.01 12/18/12 Federal Home Loan Bank of Atlanta X1 2.03 12/12/12 Federal Home Loan Bank of Boston X1 2.03 12/12/12 Federal Home Loan Bank of Chicago X1 5.02,9.01 12/13/12 Federal Home Loan Bank of Chicago X1 2.03 12/12/12 Federal Home Loan Bank of Chicago X1 5.02,9.01 12/13/12 AMEND Federal Home Loan Bank of Cincinnati X1 2.03,9.01 12/12/12 Federal Home Loan Bank of Dallas 2.03,9.01 12/12/12 Federal Home Loan Bank of Des Moines X1 2.03,9.01 12/13/12 Federal Home Loan Bank of Indianapoli X1 2.03,9.01 12/18/12 Federal Home Loan Bank of Indianapoli X1 1.01,9.01 12/18/12 Federal Home Loan Bank of New York X1 2.03,9.01 12/13/12 Federal Home Loan Bank of Pittsburgh PA 2.03,9.01 12/12/12 Federal Home Loan Bank of San Francis X1 2.03 12/12/12 Federal Home Loan Bank of Seattle 2.03 12/12/12 Federal Home Loan Bank of Topeka 2.03,9.01 12/12/12 Fifth Street Finance Corp DE 8.01 12/14/12 FIFTH THIRD BANCORP OH 8.01 12/18/12 FOUR RIVERS BIOENERGY INC. NV 8.01 12/13/12 FRANKLIN COVEY CO UT 8.01 12/17/12 FREDERICK COUNTY BANCORP INC MD 8.01,9.01 12/18/12 Galena Biopharma, Inc. 8.01,9.01 12/17/12 GALLAGHER ARTHUR J & CO DE 8.01,9.01 12/18/12 GeoMet, Inc. DE 8.01,9.01 12/17/12 GLOBALWISE INVESTMENTS INC NV 5.02,9.01 12/13/12 GOLDEN PHOENIX MINERALS INC NV 5.02 12/16/12 GRAMERCY CAPITAL CORP MD 5.07 12/13/12 GRAPHIC PACKAGING HOLDING CO DE 1.01,2.03,9.01 12/12/12 Graystone Co DE 8.01 12/18/12 GREEN MOUNTAIN COFFEE ROASTERS INC DE 5.02,9.01 12/12/12 Griffin Capital Net Lease REIT, Inc. 7.01,9.01 12/18/12 GROUP 1 AUTOMOTIVE INC DE 8.01,9.01 12/13/12 GT Advanced Technologies Inc. DE 8.01,9.01 12/18/12 GULFPORT ENERGY CORP DE 1.01,7.01,8.01,9.01 12/17/12 GULFPORT ENERGY CORP DE 8.01,9.01 12/18/12 HAMPTON ROADS BANKSHARES INC VA 7.01,9.01 12/18/12 HEALTH NET INC DE 7.01,9.01 12/18/12 HEARTLAND PAYMENT SYSTEMS INC DE 1.01,2.03,9.01 12/12/12 Helmer Directional Drilling Corp. NV 8.01,9.01 12/06/12 HICKOK INC OH 2.02,9.01 09/30/12 HIGHWOODS PROPERTIES INC MD 1.01,2.03,9.01 12/18/12 HOME LOAN SERVICING SOLUTIONS, LTD. E9 9.01 12/18/12 HORIZON BANCORP /IN/ IN 8.01,9.01 12/12/12 Hyatt Hotels Corp DE 5.03,9.01 12/13/12 IAC/INTERACTIVECORP DE 7.01,9.01 12/18/12 IMAGENETIX INC /NV/ NV 1.03,2.04 12/17/12 Imprimis Pharmaceuticals, Inc. DE 5.02 12/14/12 INDEPENDENT BANK CORP /MI/ MI 5.02 12/17/12 Industrial Income Trust Inc. MD 1.01,2.03 12/12/12 ING LIFE INSURANCE & ANNUITY CO CT 8.01,9.01 12/31/11 ING USA ANNUITY & LIFE INSURANCE CO IA 8.01,9.01 12/31/11 INSPERITY, INC. DE 7.01 12/13/12 Intellicell Biosciences, Inc. NV 1.01,3.02,5.02,9.01 11/30/12 INTERACTIVE DATA CORP/MA/ DE 5.02,8.01,9.01 12/18/12 ITRON INC /WA/ WA 5.02 12/14/12 IVANHOE ENERGY INC 2.01,7.01,9.01 12/18/12 J CREW GROUP INC DE 1.01,5.02,8.01,9.01 12/17/12 J.P. Morgan Chase Commercial Mortgage DE 8.01,9.01 12/18/12 JAVELIN MORTGAGE INVESTMENT CORP. MD 8.01,9.01 12/17/12 JEFFERIES GROUP INC /DE/ DE 2.02,9.01 12/18/12 JOSHUA GOLD RESOURCES INC NV 1.01,1.02,2.01,9.01 12/13/12 KBS Legacy Partners Apartment REIT, I MD 2.01,9.01 11/06/12 AMEND KIT digital, Inc. DE 3.01,4.01,7.01 12/12/12 Laredo Petroleum Holdings, Inc. DE 5.02,7.01,9.01 12/18/12 LEARNING TREE INTERNATIONAL INC DE 2.02,7.01,9.01 12/18/12 Liberty Global, Inc. DE 7.01 12/17/12 LIGHTING SCIENCE GROUP CORP DE 1.01,5.02,7.01,9.01 12/17/12 LINKEDIN CORP DE 1.01,9.01 12/13/12 Location Based Technologies, Inc. NV 7.01 12/18/12 Lone Pine Resources Inc. DE 2.01,7.01,9.01 12/14/12 LORILLARD, INC. DE 7.01,9.01 12/17/12 lululemon athletica inc. DE 1.01,9.01 12/12/12 M&F BANCORP INC /NC/ NC 8.01 12/18/12 Macquarie Leasing Pty Ltd C3 8.01,9.01 12/18/12 Manhattan Bancorp CA 8.01 11/15/12 AMEND MARATHON OIL CORP DE 5.02,9.01 12/14/12 MARVELL TECHNOLOGY GROUP LTD D0 8.01,9.01 12/14/12 MASS MEGAWATTS WIND POWER INC MA 2.02,9.01 12/17/12 MEDASSETS INC DE 2.03,9.01 12/13/12 MEDIFAST INC DE 7.01,9.01 12/18/12 MESA LABORATORIES INC /CO CO 5.02,9.01 12/14/12 MILAGRO OIL & GAS, INC. DE 1.01,1.02,5.02,9.01 12/13/12 MMRGlobal, Inc. DE 8.01 12/17/12 MOTORCAR PARTS AMERICA INC NY 2.02,9.01 12/18/12 NASDAQ OMX GROUP, INC. DE 1.01,8.01,9.01 12/12/12 NATURAL GAS SERVICES GROUP INC 5.02,9.01 12/18/12 NCR CORP MD 1.01,9.01 12/18/12 NEWMARKET CORP VA 5.02 12/12/12 NEWS CORP 8.01,9.01 12/18/12 Nielsen Holdings N.V. P7 1.01,7.01,9.01 12/17/12 NII HOLDINGS INC DE 5.02,9.01 12/13/12 NORTHWESTERN CORP DE 5.02,9.01 12/12/12 O REILLY AUTOMOTIVE INC 5.02,8.01,9.01 12/13/12 O'Donnell Strategic Industrial REIT, 2.01,9.01 12/13/12 Oaktree Capital Group, LLC DE 7.01,9.01 12/18/12 OCZ TECHNOLOGY GROUP INC DE 4.02,9.01 12/12/12 ON ASSIGNMENT INC DE 5.02,9.01 12/13/12 Opko Health, Inc. DE 2.01,3.02,7.01,9.01 12/17/12 OPNET TECHNOLOGIES INC DE 1.01,2.03,3.01,3.02, 12/18/12 3.03,5.01,5.02,5.03, 9.01 ORACLE CORP 2.02,9.01 12/18/12 ORIENTAL FINANCIAL GROUP INC PR 2.01 12/18/12 PALL CORP NY 5.02,9.01 12/18/12 PBF Energy Inc. DE 1.01,3.03,5.02,5.03, 12/12/12 8.01,9.01 PEGASYSTEMS INC MA 7.01,9.01 12/12/12 PENN VIRGINIA CORP VA 7.01,9.01 12/18/12 PENTAIR LTD V8 1.01,2.03,8.01,9.01 12/17/12 PEOPLES FINANCIAL CORP /MS/ MS 8.01,9.01 12/18/12 PEPTIDE TECHNOLOGIES, INC. NV 1.01 12/13/12 PEQUOT RESOURCES INC 5.02 12/12/12 Phillips Edison - ARC Shopping Center MD 8.01,9.01 12/17/12 PINNACLE AIRLINES CORP DE 8.01,9.01 12/17/12 POPE RESOURCES LTD PARTNERSHIP DE 7.01,9.01 12/18/12 POWELL INDUSTRIES INC NV 5.02,9.01 12/12/12 POWER SOLUTIONS INTERNATIONAL, INC. DE 8.01,9.01 12/17/12 Primoris Services Corp DE 1.01,2.03,9.01 12/13/12 PROSPECT CAPITAL CORP MD 8.01,9.01 12/17/12 PROSPECT GLOBAL RESOURCES INC. NV 5.02,9.01 12/13/12 PROSPER MARKETPLACE INC DE 5.02 12/13/12 PROVIDENCE RESOURCES INC TX 5.02 12/10/12 PRUDENTIAL FINANCIAL INC NJ 9.01 12/18/12 pSivida Corp. DE 5.07 12/14/12 PVR PARTNERS, L. P. DE 5.02 12/17/12 Quanex Building Products CORP DE 7.01,9.01 12/17/12 RAIT Financial Trust MD 1.01,2.03,3.02,9.01 12/14/12 REAL ESTATE ASSOCIATES LTD III CA 1.01,2.01,9.01 12/14/12 REAL ESTATE ASSOCIATES LTD IV CA 2.01 12/13/12 Regional Management Corp. DE 5.02,9.01 12/12/12 Reliance Bancshares, Inc. MO 7.01,8.01,9.01 12/18/12 REPUBLIC SERVICES, INC. DE 5.02,9.01 12/18/12 RESOURCE AMERICA, INC. DE 2.03,9.01 12/18/12 REYNOLDS AMERICAN INC 1.01 12/17/12 REYNOLDS AMERICAN INC 7.01,9.01 12/17/12 Riverbed Technology, Inc. DE 1.01,2.01,2.03,7.01, 12/18/12 9.01 ROCHESTER MEDICAL CORPORATION MN 5.02,9.01 12/12/12 ROYAL GOLD INC DE 1.01,7.01,9.01 12/13/12 S&T BANCORP INC PA 5.02,9.01 12/17/12 Sarepta Therapeutics, Inc. OR 1.01,8.01,9.01 12/12/12 SED INTERNATIONAL HOLDINGS INC 2Q 5.03,9.01 09/21/12 Shire plc 8.01,9.01 12/18/12 Shire plc 8.01,9.01 12/18/12 SILGAN HOLDINGS INC DE 8.01,9.01 12/18/12 Simplicity Bancorp, Inc. 5.02,9.01 12/18/12 SMART ONLINE INC DE 2.03,3.02 12/13/12 SOUNDBITE COMMUNICATIONS INC 8.01,9.01 12/14/12 SOUNDBITE COMMUNICATIONS INC 5.02,9.01 12/12/12 Source Gold Corp. NV 5.02 12/17/12 SOUTHERN CONNECTICUT BANCORP INC CT 8.01,9.01 12/18/12 Southern Products, Inc. NV 5.02 12/14/12 SPRINT NEXTEL CORP KS 1.01,9.01 12/17/12 STAR SCIENTIFIC INC DE 5.03,5.07,9.01 12/14/12 STEWART ENTERPRISES INC LA 2.02,9.01 12/17/12 STIFEL FINANCIAL CORP DE 8.01,9.01 12/18/12 SUNRISE SENIOR LIVING INC DE 5.02 12/14/12 SUPERIOR ENERGY SERVICES INC DE 5.02,9.01 12/12/12 SYNNEX CORP DE 1.01,2.03,9.01 12/12/12 SYNOPSYS INC DE 5.02 12/12/12 TCF FINANCIAL CORP DE 3.03,5.03,8.01,9.01 12/12/12 Telanetix,Inc DE 1.01,1.02,2.03,9.01 12/14/12 TESLA MOTORS INC DE 5.02,9.01 12/12/12 TF FINANCIAL CORP DE 5.02 12/17/12 THERAVANCE INC DE 8.01,9.01 12/18/12 TIME WARNER INC. DE 1.01,2.03,9.01 12/14/12 Trinity Place Holdings Inc. DE 1.02,5.02 12/13/12 TRX INC/GA GA 1.01 12/14/12 UDR, Inc. MD 5.02,9.01 12/18/12 UNITED COMMUNITY FINANCIAL CORP OH 8.01,9.01 12/18/12 UNITED NATURAL FOODS INC DE 5.02,5.07,9.01 12/12/12 UNIVERSAL FOREST PRODUCTS INC MI 2.03,9.01 12/17/12 URSTADT BIDDLE PROPERTIES INC MD 5.03,9.01 12/12/12 US CONCRETE INC DE 8.01,9.01 12/17/12 US CONCRETE INC DE 8.01,9.01 12/17/12 AMEND US FUEL CORP NV 1.01,1.02 12/18/12 VAALCO ENERGY INC /DE/ DE 7.01 12/12/12 VALASSIS COMMUNICATIONS INC DE 8.01,9.01 12/12/12 Vanda Pharmaceuticals Inc. DE 8.01 12/18/12 VISCOUNT SYSTEMS INC NV 5.02 12/12/12 Vitamin Shoppe, Inc. DE 8.01,9.01 12/17/12 Vitamin Shoppe, Inc. DE 1.01,9.01 12/17/12 Vitamin Shoppe, Inc. DE 5.02 12/12/12 Vocus, Inc. DE 5.03,9.01 12/13/12 West End Indiana Bancshares, Inc. MD 8.01,9.01 12/18/12 WILLIAMS COMPANIES INC DE 7.01,8.01,9.01 12/17/12 WILLIAMS CONTROLS INC DE 2.01,3.01,3.02,3.03, 12/13/12 5.01,5.02,5.03,8.01, 9.01 WIRELESS RONIN TECHNOLOGIES INC MN 5.02,9.01 12/13/12 XCEL ENERGY INC MN 8.01 12/18/12 Xylem Inc. IN 1.01,2.03 12/14/12 ZIMMER HOLDINGS INC DE 5.02 12/12/12 ZIONS BANCORPORATION /UT/ UT 9.01 12/18/12 Zumiez Inc WA 8.01 12/17/12