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U.S. Securities and Exchange Commission

                           SEC NEWS DIGEST

Issue 2007-138 						 July 19, 2007



The U.S. Securities and Exchange Commission  announced  the  temporary
suspension of trading of the  securities  of  the  following  issuers,
commencing at 9:30 a.m. EDT on July 19, 2007, and terminating at 11:59
p.m. EDT on Aug. 1, 2007:

     * Bentley Commerce Corp. (BLYO)

The Commission temporarily suspended trading in the securities of  the
company due to a lack of current and accurate  information  about  the
company because it has not filed periodic reports with the  Commission
for approximately two  years.  This  order  was  entered  pursuant  to
Section 12(k) of the Securities Exchange Act of 1934 (Exchange Act).

The Commission cautions brokers, dealers, shareholders and prospective
purchasers  that  they  should  carefully   consider   the   foregoing
information along with all other currently available  information  and
any information subsequently issued by this company.

Brokers and dealers should be alert to  the  fact  that,  pursuant  to
Exchange  Act  Rule  15c2-11,  at  the  termination  of  the   trading
suspension, no quotation may be entered relating to the securities  of
the subject company unless and until the broker or dealer has strictly
complied with all of the provisions of the  rule.  If  any  broker  or
dealer is uncertain as to what is required  by  the  rule,  it  should
refrain from entering quotations relating to the  securities  of  this
company that have been subject to a trading suspension until such time
as it has familiarized itself with the rule and is certain that all of
its provisions have been met. Any  broker  or  dealer  with  questions
regarding the rule should contact the  staff  of  the  Securities  and
Exchange Commission in Washington, DC at (202) 551-5720. If any broker
or dealer enters any quotation which is in violation of the rule,  the
Commission will consider the need for prompt enforcement action.

If any broker, dealer or other person has any  information  which  may
relate to this matter, they should immediately communicate it  to  the
Delinquent Filings Branch of the Division of Enforcement at (202) 551-
5466, or by e-mail at DelinquentFilings@sec.gov. (Rel. 34-56098)


The Securities and Exchange Commission announced  today  that  Chester
Spatt, Chief Economist and Director of the Office of Economic Analysis
(OEA), will leave the agency to return to academia at the end of July.

Dr. Spatt will rejoin Carnegie Mellon University, where he  serves  as
Mellon Bank Professor of  Finance  and  Director  of  the  Center  for
Financial Markets at the Tepper School of Business. His  research  and
teaching there will focus upon economic issues related  to  securities
regulation as well as asset allocation and taxes.

During his three years at the Commission, Dr. Spatt  led  the  staff's
economic analysis of key issues including  implementation  of  options
expensing through models and markets, mutual fund  market  timing  and
late  trading,  option  grant  and  exercise   backdating,   executive
compensation,  Regulation  SHO,  shareholder  voting,  credit   rating
agencies and NRSROs, foreign private  issuer  deregistration  and  the
economics of penalties and  sanctions.  In  addition,  he  focused  on
fostering stronger  ties  between  the  Commission  and  the  academic
community, encouraging greater participation from academic experts  in
the rulemaking process.

SEC Chairman Christopher Cox said, "After completing his initial  term
with the Commission on leave from Carnegie Mellon during 2006, Chester
graciously agreed to extend his service to the SEC  and  the  nation's
investors for another year. His exceptional background, expertise  and
judgment concerning  the  economic  underpinnings  of  our  securities
markets have been invaluable resources to the Commission. He has  been
a strong leader of a very  talented  staff,  and  all  of  us  at  the
Commission  are  deeply  indebted  to  him  for   his   personal   and
professional contributions to the nation's markets and investors."

Dr. Spatt said, "I appreciate the opportunity to have led OEA and  its
talented and dedicated staff for the past three years. Economics plays
such a crucial role in the development of strong, efficient  and  fair
capital markets, so I have tried  to  focus  upon  the  importance  of
economics  in  the  regulatory  process.  I  know  that  with   strong
leadership  from  Chairman  Cox,  the  Commission  will  continue   to
incorporate economic reasoning  in  its  actions  to  the  benefit  of
investors and markets."

Dr. Spatt has held academic positions at Carnegie Mellon  since  1979,
along with visiting professorships at Toulouse University,  University
of British Columbia and  Princeton  University.  He  was  one  of  the
founders of the Review of  Financial  Studies,  considered  among  the
leading journals in financial economics,  and  served  as  its  second
Executive Editor. He also is a Past  President  of  both  the  Western
Finance Association and the Society for Financial Studies. He received
his Ph.D. and Master's degree in  Economics  from  the  University  of
Pennsylvania, and his Bachelor's degree in  Economics  from  Princeton
University. (Press Rel. 2007-136)


Following  is  a  schedule  of  Commission  meetings,  which  will  be
conducted under provisions of the  Government  in  the  Sunshine  Act.
Meetings will be scheduled according to  the  requirements  of  agenda
items under consideration.

Open meetings will be held  in  the  Auditorium,  Room  L-002  at  the
Commission's headquarters building, 100 F  Street,  N.E.,  Washington,
D.C. Visitors are welcome at all open meetings, insofar  as  space  is
available. Persons  wishing  to  photograph  or  videotape  Commission
meetings must obtain permission in advance from the Secretary  of  the
Commission. Persons wishing to tape record a Commission meeting should
notify the Secretary's office 48 hours in advance of the meeting.

Any member of the public who requires auxiliary aids such  as  a  sign
language interpreter or material on tape to attend  a  public  meeting
should contact Rochelle Franks, Office of  Human  Resources,  to  make
arrangements. Ms. Franks can be reached at TTY number (202)  551-4106.
In  the  event  Ms.  Franks  cannot  be  reached,  you  may  call  the
interpreter directly at (202) 551-4158. If you are calling from a  non
TTY number, please call the Relay Service at 1 866 377 8642.

OPEN MEETING - TUESDAY, JULY 24, 2007 - 10:00 A.M.

The subject matter of the open meeting scheduled for Tuesday, July 24,
will be:

The Commission will hear oral argument in  an  appeal  by  Gregory  M.
Dearlove, CPA, from the decision of an administrative law  judge.  The
law  judge  found  that   the   financial   statements   of   Adelphia
Communications Corporation, a public company, for  the  period  ending
December 31, 2000 violated generally accepted accounting principles in
several respects. The law judge also found that Dearlove, a  certified
public accountant and former partner  at  Deloitte  and  Touche,  LLP,
engaged in improper professional  conduct  under  Commission  Rule  of
Practice 102(e) when he served as the engagement partner on Deloitte's
audit of Adelphia's 2000 financial  statements.  The  law  judge  also
found that Dearlove caused Adelphia's violations of the reporting  and
recordkeeping provisions of  the  Securities  Exchange  Act  of  1934,
specifically, Exchange Act Section 13(a) and rules  13a-1  and  12b-20
thereunder, and Exchange Act Section 13(b)(2)(A). The law judge barred
Dearlove from appearing or practicing before  the  Commission  in  any

Among the issues likely to be argued are  whether  Dearlove's  conduct
during the audit constituted improper  professional  conduct,  whether
Dearlove caused Adelphia's violations of the Exchange  Act  and  rules
thereunder, and whether there is merit to Dearlove's  contention  that
he was deprived of due process because he did not have  adequate  time
to prepare for the hearing before the law judge. The parties may  also
address whether and to what extent Dearlove should be sanctioned if he
is found to have committed the alleged violations.

CLOSED MEETING - TUESDAY, JULY 24, 2007 - 11:00 A.M.

The subject matter of the closed meeting scheduled for  Tuesday,  July
24, will be: Post-argument discussion.

OPEN MEETING - WEDNESDAY, JULY 25, 2007 - 10:00 A.M.

The subject matter of the open meeting scheduled for  Wednesday,  July
25, will be:

     1. The Commission will consider whether  to  approve  the  Public
     Company Accounting Oversight Board's Auditing Standard No. 5,  An
     Audit of  Internal  Control  Over  Financial  Reporting  that  is
     Integrated with an  Audit  of  Financial  Statements,  a  Related
     Independence Rule 3525, and Conforming Amendments.

     2. The Commission will consider whether to adopt rule  amendments
     to Exchange Act Rule 12b-2 and Rule 1-02  of  Regulation  S-X  to
     define the term "significant deficiency."

     3. The Commission will consider  whether  to  publish  a  Concept
     Release to  solicit  public  comment  on  allowing  U.S  issuers,
     including investment companies subject to the Investment  Company
     Act of 1940, to prepare financial statements in  accordance  with
     International  Financial  Reporting  Standards  as  published  in
     English by  the  International  Accounting  Standards  Board  for
     purposes  of  complying   with   the   Commission's   rules   and

     4. The Commission will consider whether to propose amendments  to
     the proxy rules under the Securities Exchange  Act  of  1934  for
     operating  and   investment   companies   regarding   shareholder
     proposals, disclosure about shareholder  proponents,  shareholder
     communications, and related matters.


The subject matter of the closed meeting scheduled for Thursday,  July
26,  will  be:  Formal  orders  of  investigations;  Institution   and
settlement  of  injunctive  actions;  Institution  and  settlement  of
administrative proceedings of an  enforcement  nature;  Resolution  of
litigation claims; Amicus consideration; An adjudicatory matters;  and
Other matters related to enforcement proceedings.

At times, changes in Commission priorities require alterations in  the
scheduling of meeting items. For further information and to  ascertain
what, if any, matters have been added, deleted  or  postponed,  please
contact: The Office of the Secretary at (202) 551-5400.



On July 18, the Commission issued an Order Instituting Proceedings and
Notice of Hearing Pursuant to Section 12(j) of the Securities Exchange
Act of 1934 against Galaxy Minerals, Inc. The Division of  Enforcement
(Enforcement) alleges  that  Galaxy  is  a  Florida  corporation  with
offices in Lake Villa, Illinois with a class of securities  registered
with the Commission pursuant to Exchange Act Section 12(g).  According
to the Division, Galaxy is delinquent in its periodic filings with the
Commission, having not filed a periodic report since it filed  a  Form
10-QSB for the period ended  Sept.  30,  2005.  The  Order  institutes
public administrative proceedings to determine,  among  other  things,
whether  it  is  necessary  and  appropriate  for  the  protection  of
investors to suspend for a period not exceeding twelve months,  or  to
revoke  the  registration  of  each  class  of  securities  of  Galaxy
registered pursuant to Section 12 of the Exchange Act. (Rel. 34-56095;
File No.3-12700)


On July 18, 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 Jeffrey McMahon. The Order finds that on June  20,  2007,  the
Commission  filed  a  complaint  against  McMahon  in  Securities  and
Exchange Commission v. Jeffrey McMahon,  Civil  Action  No.  H-07-2051
(S.D. Tex.). The Order also finds that on  July  6,  2007,  the  court
entered a final judgment  permanently  enjoining  him  from  violating
Sections 10(b) and 13(b)(5) of the Securities  Exchange  Act  of  1934
(Exchange Act) and Exchange Act  Rules  10b-5  and  13b2-1,  and  from
aiding and abetting the violation of Sections 13(a),  13(b)(2)(A)  and
13(b)(2)(B) of the Exchange Act and Exchange Act Rules  12b-20,  13a-1
and 13a-13.

The Commission's complaint alleged, among other things,  that  McMahon
participated in a fraudulent asset parking  arrangement  that  allowed
Enron to improperly record $12  million  in  earnings  in  the  fourth
quarter of 1999.  The  complaint  also  alleged  that  McMahon,  while
serving as Enron's Treasurer from April  1998  until  May  2000,  made
several false and misleading statements and omissions to the  national
credit rating agencies regarding the  stability,  predictability,  and
sources of Enron's cash flows. In addition, the complaint alleges that
McMahon made similar false and misleading  statements  to  the  rating
agencies while serving as Enron's Chief Financial Officer  during  the
crisis period prior to Enron's bankruptcy filing, October  -  December

Based on the above, the  Order  suspends  McMahon  from  appearing  or
practicing before the Commission as an accountant, with the  right  to
apply for reinstatement after three years. McMahon  consented  to  the
issuance of the Order without admitting or denying the findings in the
Order except as to the entry of the injunction. (Rel. . 34-56097;  AAE
Rel. 2646; File No. 3-12701)


     * Bentley Commerce Corp. (BLYO)
     * ECO2, Inc. (ECOI)
     * Guideline Capital, Inc.
     * Lapitos Acquisition Corp.
     * Para Mas Internet, Inc. (PMIJ)
     * Prentice Capital, Inc.
     * Spa Faucet, Inc. (DRIP)

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 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 judge in the proceeding will then  determine
whether the registrations pursuant to Exchange Act Section 12  of  the
securities  of  these  respondents  should  be  revoked,  or  in   the
alternative, 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.  For  further
information see also the Order of Suspension of Trading, In the Matter
of Bentley Commerce Corp., File No. 500-1. (Rel. 34-56099; File No. 3-


The  Commission  has  remanded  to  the  New  York  Stock  Exchange  a
proceeding against Gregg Heinze, a former NYSE  specialist.  The  NYSE
had censured and permanently barred Heinze based  on  his  failure  to
testify  in  connection  with  an  investigation  the   Exchange   was
conducting into improper trading practices by NYSE specialists. Heinze
claims that the NYSE could not force him to testify  because,  at  the
time the NYSE requested his testimony, Heinze was  the  subject  of  a
Commission investigation and potentially the  subject  of  a  criminal
investigation, and could invoke the Fifth  Amendment's  right  against
self-incrimination.  Heinze  argues  that  the  right  against   self-
incrimination applied to the NYSE because, under the particular  facts
and circumstances of this case, the NYSE engaged in "state action"  in
conducting its investigation of Heinze. The Commission's opinion notes
that, while self-regulatory organizations such as the  NYSE  are  "not
generally state actor[s] subject to the Fifth Amendment," "Heinze  has
identified specific evidence that warrants a  further  opportunity  to
develop and present his state action  claim."  (Rel.  34-56100;  Gregg
Heinze; File No. 3-12461)


On  July  19,  the  Commission  issued  an  Order  Instituting  Public
Administrative Proceedings Pursuant to Rule 102(e) of the Commission's
Rules of Practice, Making Findings, and  Imposing  Remedial  Sanctions
(Order) against Ernst & Young Chartered Accountants (EYCA)  and  Denis
O'Hogan. EYCA served as independent accountant  to  SmartForce  PLC's,
now known as SkillSoft PLC, during the relevant period and O'Hogan,  a
fellow chartered accountants (the Irish equivalent of a  CPA),  served
as the engagement partner.

The Order finds that for the three-year period ended  Dec.  31,  2001,
and for the six months ended June 30, 2002 (the  Restatement  Period),
SmartForce  PLC's  financial  statements  were  materially  false  and
misleading in that they overstated revenue by $113.6 million  and  net
income  by  approximately  $127  million.  SmartForce  prepared  these
financial statements, which failed to comply with  generally  accepted
accounting principles  (GAAP)  by,  among  other  things,  recognizing
revenue  improperly  from   multi-element   arrangements,   reciprocal
transactions,  and  reseller  agreements.  EYCA   nonetheless   issued
unqualified audit reports on SmartForce's annual financial  statements
that opined that the Company's financial statements  presented  fairly
the consolidated financial  position  and  results  of  operations  of
SmartForce in conformity with GAAP and stated  that  the  auditor  had
conducted the audits in accordance with  generally  accepted  auditing
standards (GAAS). The Order finds that  EYCA  and  O'Hogan  reasonably
should have known that SmartForce's financial statements had not  been
prepared in conformity with GAAP. Moreover, EYCA and O'Hogan  did  not
comply with GAAS in the conduct of  the  audits  and  the  reviews  of
SmartForce during the Restatement Period.  Among  other  things,  EYCA
failed to ensure that the engagement was adequately staffed, and  that
the auditors had the training and qualifications appropriate  for  the
specific engagement and level of  responsibilities  assigned.  O'Hogan
placed undue  reliance  on  management's  representations,  failed  to
obtain an  attitude  of  professional  skepticism,  failed  to  obtain
sufficient competent evidential matter to ensure that  SmartForce  had
properly recognized revenue, and failed to document evidence.

Based on the above, the Order finds that EYCA and O'Hogan  engaged  in
improper professional conduct within the meaning of Rule 102(e)(1)(ii)
of the Commission's Rules of Practice. Specifically, EYCA and  O'Hogan
engaged in repeated instances of unreasonable conduct, each  resulting
in a violation of applicable professional standards, that  indicate  a
lack of competence  to  practice  before  the  Commission.  The  Order
censures EYCA  and  denies  O'Hogan  the  privilege  of  appearing  or
practicing before the Commission as an accountant, with the  right  to
apply for reinstatement after two years. EYCA also  undertook  to  pay
$725,000 to the United States Treasury, which represents the amount of
EYCA's  fees  for  reviewing  and  auditing   SmartForce's   financial
statements  during  the  Restatement  Period.  EYCA  also  made  other
undertakings in areas including its assignment of professionals to SEC
registrant engagements, documentation  of  significant  consultations,
and training of its professionals. EYCA and O'Hogan consented  to  the
issuance of the Order without admitting or denying the findings in the
Order. (Rel. 34-56104; File No. 3-12703; AAE Rel. 2647)


On July 19, the Commission  issued  an  Order  Instituting  Cease-and-
Desist and Administrative Proceedings Pursuant to Section 21C  of  the
Securities Exchange Act of 1934 and Rule 102(e)  of  the  Commission's
Rules of Practice, Making Findings, Imposing a Cease-And-Desist Order,
Remedial  Sanctions,  and  Other  Relief  (Order)  against  David   C.
Drummond, Patrick E. Murphy, and John P. Hayes, all of whom are former
officers of SmartForce PLC, now known as  SkillSoft  PLC.  During  the
relevant period, SmartForce developed and provided electronic learning
courseware and related services to firms  to  train  their  workforces

The Order finds that for the three-year period ended  Dec.  31,  2001,
and for the six months ended June 30, 2002 (the  Restatement  Period),
SmartForce's financial statements were materially false and misleading
in that they overstated net income and revenue by  failing  to  comply
with GAAP. Murphy and Hayes, who are fellow chartered accountants (the
Irish equivalent of a CPA), were each finance vice  president.  Murphy
and Hayes were primarily responsible for the accounting  decisions  at
SmartForce and for making sure  that  such  accounting  complied  with
GAAP, while Drummond, as the Chief Financial Officer,  was  ultimately
responsible  for  SmartForce's  financial  statements.   On   numerous
occasions during the Restatement period, Murphy and  Hayes  improperly
concluded that SmartForce could recognize revenue up-front from multi-
element   arrangements,   reciprocal   transactions,   and    reseller
agreements. Drummond knew or should have known that it would have been
improper for SmartForce to recognize revenue from a reseller agreement
and from a  reciprocal  transaction.  As  a  result  of  the  improper
accounting, SmartForce overstated its revenue by  $113.6  million  and
net income  by  approximately  $127  million.  The  Order  finds  that
Drummond caused, and Patrick Murphy and John Hayes willfully aided and
abetted and  caused,  the  Company's  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-13 promulgated thereunder; and that  Drummond  violated,
and Murphy and Hayes  willfully  violated,  Section  13(b)(5)  of  the
Exchange Act.

Based on the above, the Order (a) requires Drummond, Murphy, and Hayes
to cease and desist from committing or causing any violations and  any
future violations of Section 13(b)(5) of the Exchange  Act;  and  from
causing any violations and any future 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-13 thereunder; (b) denies Murphy and Hayes the privilege  of
appearing or practicing before the Commission as accountants, with the
right to apply for reinstatement  after  two  years;  and  (c)  orders
Drummond, Murphy, and Hayes to pay $573,979, $567,866,  and  $862,395,
respectively, to  the  United  States  Treasury  in  disgorgement  and
prejudgment interest. Drummond, Murphy, and  Hayes  consented  to  the
issuance of the Order without admitting or denying any of the findings
in the Order.

In addition to the relief described above, Drummond, Murphy, and Hayes
consented to the entry of an order in a separate civil  action,  filed
by the Commission, imposing a civil penalty of $125,000, $100,000, and
$75,000, respectively. (Rel. 34-56105;  File  No.  3-12704;  AAE  Rel.


On July 18, the Commission filed a civil  injunctive  action  in  U.S.
District Court in Sherman, Texas against Global Finance & Investments,
Inc., (Global Finance), Charles R.  Davis  (Davis),  Lucre  Fund,  LLC
(Lucre Fund), JTA Enterprises,  Inc.  (JTA  Enterprises),  William  H.
Clark (Clark), Level Par Investments, LLC (Level Par), Kelly G. Rogers
(Rogers), Sterling Meridian LLC (Sterling Meridian),  Ronald  J.  Linn
(Linn) Glenn Maske (Maske) and William F.  Dippolito  (Dippolito).  In
its complaint, the Commission alleges that the defendants  engaged  in
fraudulent conduct  in  connection  with  three  related  "high  yield
investment" securities offerings. Between  September  2005  and  April
2006, Davis through his Atlanta-based company, Global Finance,  raised
a total of $9.9 million from over 100 investors located throughout the
United States. As part of Davis's offering, two of  his  facilitators,
Clark  and  Rogers,  conducted  separate  fraudulent   offerings   and
forwarded the proceeds of their offerings to Davis.

According to the complaint,  Davis  falsely  represented  that  Global
Finance's investment  program  would  earn  returns  ranging  from  25
percent per month to 90 percent per week. Davis also claimed that  the
funds were safe because they would be deposited into an escrow account
maintained by Dippolito, an attorney. Based on Davis's claims,  Global
Finance received a total of $9.9  million  from  Clark  ($4  million),
Rogers  ($4.7  million)  and  another  investor  ($1.2  million).  The
Commission also alleges that JTA Enterprises and Lucre Fund, which are
controlled  by  Clark  (Denville,  New  Jersey),  received  investment
proceeds from at least 65 investors raised by Linn and  Maske  through
their entity, Sterling Meridian (Yorba Linda,  California);  Linn  and
Maske told the investors that they had access to legitimate high yield
investments paying monthly returns of 18 to 20 percent.

The complaint also alleges that Rogers,  through  Level  Par  (Frisco,
Texas), solicited 35 investors by representing  that  his  investment,
purportedly involving the trading  of  bank  debentures,  was  totally
secure and paid  weekly  returns  of  25  percent.  According  to  the
Commission's complaint, the investment programs  were  shams  and  the
investors' funds were used  for  purposes  other  than  "investments,"
including the personal use of the promoters.

Finally, the Commission alleges that Dippolito, a  Tacoma,  Washington
lawyer, acting as  escrow  agent  and  using  the  title  "paymaster,"
promised he would secure the  funds  until  Davis  notified  him  that
Global  Finance  would  purchase  an  investment.  Instead,  Dippolito
disbursed the funds to persons he knew were prior investors, for which
he received a percentage-based fee.

The Commission also names in  its  complaint,  as  relief  defendants,
USAssets & Funding Corp. (Littleton, Colorado), Nevada Sentry  Service
Corp. (Milwaukee, Wisconsin), Wells Ventures  LLC  (Tucson,  Arizona),
Triquestra Management Corp. (Dallas, Texas) and CMR Mngt.  Group,  LLC
(West Trenton, New Jersey).

The  Commission  alleges  in  its  complaint  that  defendants  Global
Finance, Davis, JTA Enterprises, Lucre Fund, Clark, Level Par, Rogers,
Sterling Meridian, Linn and Maske each violated  Sections  5(a),  5(c)
and 17(a) of the Securities Act of 1933,  and  Section  10(b)  of  the
Securities Exchange  Act  of  1934  and  Rule  10b-5  thereunder.  The
Commission also alleges  that  Dippolito  aided  and  abetted  Davis's
violations of Section  10(b)  of  the  Exchange  Act  and  Rule  10b-5
thereunder. The Commission further alleges that Clark, Linn and  Maske
violated Section 15(a) of the Exchange Act for acting as a  securities
broker without having been registered with the Commission.

The Commission is seeking against each of the defendants  a  permanent
injunction and an accounting and, with the  exception  of  Level  Par,
disgorgement plus prejudgment interest  and  a  civil  money  penalty.
Additionally, Rogers consented to the entry of an  injunction  against
him without admitting or denying the Commission's allegations.  Rogers
also agreed to pay  disgorgement  of  $100,000  and  a  civil  $50,000
penalty. [SEC v. Global Finance & Investments, Inc., Charles R. Davis,
Lucre  Fund,  LLC,  JTA  Enterprises,  William  H.  Clark,  Level  Par
Investments, LLC, Kelly G. Rogers, Sterling Meridian  LLC,  Ronald  J.
Linn Glenn Maske and William F. Dippolito, Defendants, and USAssets  &
Funding Corp.,  Nevada  Sentry  Service  Corp.,  Wells  Ventures  LLC,
Triquestra  Management  Corp.,  and  CMR  Mngt.  Group,  LLC,   Relief
Defendants, Civil  Action  No.  4:07cv346,  (USDC,  ED/Texas;  Sherman
Division)] ((LR-20200)


The Commission announced that today it filed a  civil  action  in  the
U.S. District Court for the Central  District  of  California  against
Alan D. Libman (Libman) alleging that Libman engaged in the fraudulent
offer and sale of securities. As  alleged  in  the  complaint,  Libman
offered investors the opportunity to invest  in  purported  celebrity-
related and historical memorabilia and artwork through a  non-existent
entity called  Investment  Strategies.  As  alleged,  the  investments
offered and sold by Libman were securities  because  they  qualify  as
investment contracts under the federal securities laws. The Commission
alleges that  Libman  made  numerous  material  misrepresentations  to
investors  regarding  the  investments.  For  example,  Libman   often
promised specific, large  rates  of  return  over  brief  periods.  As
alleged, Libman eventually stopped paying his investors  the  promised
returns, evaded contact with them, and fled to Canada. The  Commission
alleges that, instead of using the investors' funds  as  he  promised,
Libman used their money for other purposes,  including  to  cover  his
personal expenses and life style. According to  the  complaint,  since
the investments did not yield the claimed returns, investors lost most
of their investments. As alleged, from  2000  through  2004,  Libman's
false representations led at least twenty investors to give  him  more
than $1 million for the schemes that he carried out through Investment
Strategies.  According  to  the  complaint,  Libman,   by   soliciting
investors, negotiating over investment terms, and representing that he
would  accept  compensation  for  his  efforts  from  the   investment
proceeds, acted as an  unregistered  broker.  Libman  also  failed  to
register with the Commission any of the securities that he offered and
sold to investors.

The complaint alleges that Libman violated Sections  5(a),  5(c),  and
17(a) of the Securities Act of  1933  (Securities  Act)  and  Sections
10(b), 15(a)(1), and 15(b)(6)(B)(i) of the Securities Exchange Act  of
1934 (Exchange Act) and Exchange Act Rule 10b-5. The Commission  seeks
a permanent injunction, disgorgement of ill-gotten gains,  prejudgment
interest, and civil penalties. The Commission also seeks a court order
requiring  Libman  to  provide  an  accounting  for  the  receipt  and
disposition of all investor funds and an  order  requiring  Libman  to
comply with  an  administrative  broker-dealer  bar  order  previously
entered against him.

Libman has been the subject of prior Commission  action.  On  May  26,
1992, in a settled  action  that  the  Commission  brought,  the  U.S.
District Court for the Central District of California enjoined  Libman
permanently from violating and/or aiding and  abetting  violations  of
the  antifraud,  securities  registration,  and  other  provisions  of
federal securities laws including, specifically, Sections 5(a),  5(c),
and 17(a) of the Securities Act 15(c)(2), and 17(a)  of  the  Exchange
Act and Exchange Act Rules 10b-5, 10b-9, 15c2-4, 17a-3, and 17a-4. SEC
v. Alan  D.  Libman,  C.A.  No.  88-5919  MR  (1992).  For  additional
information, see Litigation Release  No.  11883  (Oct.  5,  1988)  and
Litigation Release No. 13962 (Feb. 4, 1994). On Feb. 4, 1994, pursuant
to  a  settlement  with  Libman,  the  Commission  issued   an   Order
permanently barring Libman from association with any  broker,  dealer,
investment adviser, investment company, or municipal securities dealer
based on the prior entry of the injunction against  him.  See  In  the
Matter of Alan D. Libman, Admin. Proc. File No. 3-7803 (Feb. 4, 1994).

On Nov. 7, 2006, a Grand Jury sitting in the U.S. District  Court  for
the Central District of California indicted Libman on multiple  counts
of mail fraud and money laundering. See United States v. Libman, 06 CR
835 (C.D. Cal., Nov. 7, 2006). Libman was arrested on  Nov.  20,  2006
and remains in custody pending his criminal trial.

The Commission acknowledges the  assistance  of  the  U.S.  Attorney's
Office for the Central  District  of  California,  the  United  States
Postal Service, and the Internal Revenue Service in this matter.  [SEC
v. Alan D. Libman, a/k/a Damian Vanderhaus, Civil Action  No.  07-4634
(MMM/VBK) (C.D. Cal.)] (LR-20201)


An  article  in  yesterday's  Digest  entitled  "SEC   FILES   SETTLED
the Administrative Proceeding release numbers. They  are:  (Rels.  33-
8826; 34-56089; AAE Rel. 2643; File No. 3-12699)

Incorrect Accounting and Auditing release numbers appeared in the July
18th issue of the Digest in the matter of  Quovadx,  Inc.  and  Ronald
Renjilian in an article entitled "SEC  INSTITUTES  SETTLED  CEASE-AND-
REVENUE RECOGNITION". The correct numbers are:  Quovadx,  Inc.  -  AAE
Rel. 2644 and Ronald Renjilian - AAE Rel. 2645.



A proposed rule  change  (SR-NYSEArca-2007-60)  and  Amendment  No.  1
thereto has been filed by NYSE Arca to amend Arca Equities Rule 12  to
provide guidance regarding new and pending arbitration claims in light
of the consolidation  of  NYSE  Regulation,  Inc.  into  NASD  Dispute
Resolution, Inc. Publication  is  expected  in  the  Federal  Register
during the week of July 23. (Rel. 34-56070)

A proposed rule  change  (SR-NYSEArca-2007-59)  and  Amendment  No.  1
thereto has been filed by NYSE  Arca  to  amend  Rule  12  to  provide
guidance regarding new and pending arbitration claims in light of  the
consolidation of NYSE Regulation, Inc. into NASD  Dispute  Resolution,
Inc. Publication is expected in the Federal Register during  the  week
of July 23. (Rel. 34-56071)


The New York Stock Exchange filed Amendment No. 3 to a  proposed  rule
change (SR-NYSE-2007-09) relating to Rule 18, Compensation in Relation
to System Failure, and the Commission has granted accelerated approval
to the proposed rule change, as modified by Amendments No. 1, 2, and 3
thereto. Publication is expected in the Federal  Register  during  the
week of July 23. (Rel. 34-56085)


A proposed rule change (SR-NYSE-2007-63) filed by the New  York  Stock
Exchange relating to Rule 92(d)(6), Limitations  on  Members'  Trading
Because of Customers'  Orders,  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 July 23. (Rel. 34-


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 obtained in person or by writing to the
Commission's  Public  Reference  Branch  at  100   F   Street,   N.E.,
Washington, D.C. 20549-1090 or at the following  e-mail  box  address:
<publicinfo@sec.gov>.  In  most  cases,  this  information   is   also
available on the Commission's website: <www.sec.gov>.

S-8     MM2 GROUP, INC., 750 ROUTE 34, MATAWAN, NJ, 07747, 7324417700 - 
        15,000,000 ($450,000.00) Equity, (File 333-144670 - Jul. 18) (BR. 09B)

S-8     ICAD INC, 98 SPIT BROOK ROAD, SUITE 100, NASHUA, NH, 03062, 
        603-882-5200 - 2,250,000 ($7,942,500.00) Equity, (File 333-144671 - 
        Jul. 18) (BR. 10B)

        583 THOMPSON RD, HOUMA, LA, 70361, 5048722100 - 
        0 ($100,000,000.00) Equity, (File 333-144672 - Jul. 18) (BR. 06A)

S-8     CONCEPTUS INC, 1021 HOWARD AVE, SAN CARLOS, CA, 94070, 4158027240 - 
        0 ($2,301,250.00) Equity, (File 333-144673 - Jul. 18) (BR. 10A)

        425-415-6847 - 0 ($50,000,000.00) Unallocated (Universal) Shelf, 
        (File 333-144674 - Jul. 18) (BR. 10B)

        77042-3462, 281-383-9403 - 2,000,000 ($1,060,000.00) Equity, 
        (File 333-144675 - Jul. 18) (BR. 04B)

S-8     ADOBE SYSTEMS INC, 345 PARK AVE, SAN JOSE, CA, 95110-2704, 4085366000 - 
        0 ($1,030,239,753.00) Equity, (File 333-144676 - Jul. 18) (BR. 03C)

SB-2    Coil Tubing Technology Holdings, Inc., 19511 WIED ROAD, SUITE E, 
        SPRING, TX, 77388, 2816510200 - 20,000,000 ($6,000.00) Equity, 
        (File 333-144677 - Jul. 18) (BR. )

        805-447-1000 - 21,992 ($270,942.00) Equity, (File 333-144678 - Jul. 18) 
        (BR. 01A)

        721,250 ($72,125,000.00) Other, (File 333-144679 - Jul. 18) (BR. 04A)

        10022, 2126442400 - 0 ($8,760,000.00) Equity, (File 333-144680 - 
        Jul. 18) (BR. 06B)


Form 8-K is used by companies to file current reports on the following events:
1.01	Entry into a Material Definitive Agreement		
1.02	Termination of a Material Definitive Agreement		
1.03	Bankruptcy or Receivership	
2.01	Completion of Acquisition or Disposition of Assets	
2.02	Results of Operations and Financial Condition	
2.03	Creation of a Direct Financial Obligation or an Obligation under an 
	Off-Balance Sheet Arrangement of a Registrant		
2.04	Triggering Events That Accelerate or Increase a Direct Financial Obligation 
	under an Off-Balance Sheet Arrangement		
2.05	Cost Associated with Exit or Disposal Activities		
2.06	Material Impairments		
3.01	Notice of Delisting or Failure to Satisfy a Continued Listing Rule or 
	Standard; Transfer of Listing		
3.02	Unregistered Sales of Equity Securities		
3.03	Material Modifications to Rights of Security Holders		
4.01	Changes in Registrant's Certifying Accountant	
4.02	Non-Reliance on Previously Issued Financial Statements or a Related Audit
	Report or Completed Interim Review		
5.01	Changes in Control of Registrant	
5.02	Departure of Directors or Principal Officers; Election of Directors; 
	Appointment of Principal Officers	
5.03	Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
5.04	Temporary Suspension of Trading Under Registrant's Employee Benefit Plans
5.05	Amendments to the Registrant's Code of Ethics, or Waiver of a 
	Provision of the Code of Ethics	
6.01. 	ABS Informational and Computational Material.
6.02.  	Change of Servicer or Trustee.
6.03.  	Change in Credit Enhancement or Other External Support.
6.04. 	Failure to Make a Required Distribution.
6.05.  	Securities Act Updating Disclosure.
7.01	Regulation FD Disclosure	
8.01	Other Events	
9.01	Financial Statements and Exhibits	

8-K  reports  may  be  obtained  in  person  or  by  writing  to   the
Commission's  Public  Reference  Branch  at  100   F   Street,   N.E.,
Washington, D.C. 20549-1090 or at the following  e-mail  box  address:
<publicinfo@sec.gov>.  In  most  cases,  this  information   is   also
available on the Commission's website: <www.sec.gov>.

NAME OF ISSUER                          CODE   	 8K ITEM NO.		    	DATE       COMMENT
ABBOTT LABORATORIES                     IL       2.02,9.01                      07/18/07

Aftersoft Group                         DE       5.02,9.01                      07/17/07

AKAMAI TECHNOLOGIES INC                 DE       5.02,9.01                      07/16/07

ALFA CORP                               DE       8.01,9.01                      07/17/07

ALLIANCE DATA SYSTEMS CORP              DE       2.02,7.01,9.01                 07/18/07

Alternative Loan Trust 2007-16CB        DE       8.01,9.01                      06/29/07

Alternative Loan Trust 2007-17CB        DE       8.01,9.01                      06/29/07

Alternative Loan Trust 2007-19          DE       8.01,9.01                      06/29/07

Alternative Loan Trust 2007-HY6         DE       8.01,9.01                      06/29/07

ALTRIA GROUP, INC.                      VA       1.01,2.02,9.01                 07/18/07

AMB PROPERTY CORP                       MD       2.02,8.01,9.01                 07/17/07

AMCORE FINANCIAL INC                    NV       2.02,9.01                      07/18/07

AMERICAN AIRLINES INC                   DE       2.02,9.01                      07/18/07

AMERICAN EXPRESS RECEIVABLES FINANCIN   DE       8.01,9.01                      07/17/07

AMERICAN LEISURE HOLDINGS, INC.         NV       1.01,9.01                      07/11/07

AMERICAN REAL ESTATE PARTNERS L P       DE       1.02,8.01,9.01                 07/16/07

AMERICAN STANDARD COMPANIES INC         DE       2.02,2.05,7.01,9.01            07/18/07

AMPCO PITTSBURGH CORP                   PA       2.02                           06/30/07

AMPHENOL CORP /DE/                      DE       2.02,9.01                      07/18/07

AMR CORP                                DE       2.02,9.01                      07/18/07

AMSURG CORP                             TN       7.01,9.01                      07/18/07

Andover Medical, Inc.                   DE       5.03,9.01                      06/29/07

ANDREW CORP                             DE       1.01,9.01                      07/13/07

Answers CORP                                     7.01,9.01                      07/17/07

APPLE HOSPITALITY FIVE INC              VA       1.01                           07/13/07

APPLEBEES INTERNATIONAL INC             DE       1.01,9.01                      07/15/07

APTARGROUP INC                          DE       2.02,9.01                      07/18/07

ARBIOS SYSTEMS INC                      DE       5.02,9.01                      07/12/07

ARENA PHARMACEUTICALS INC               DE       8.01                           07/18/07

ARMOR HOLDINGS INC                      DE       8.01                           07/18/07

ASCENDIA BRANDS, INC.                   DE       7.01,9.01                      07/17/07

ASIAN FINANCIAL INC                     WY       1.01,5.02,9.01                 07/18/07

ASTEC INDUSTRIES INC                    TN       5.02                           07/17/07

AURIGA LABORATORIES, INC.               DE       1.02                           07/17/07

AVOCENT CORP                            DE       2.02,9.01                      07/18/07

BADGER METER INC                        WI       2.02,9.01                      07/18/07

BAR HARBOR BANKSHARES                   ME       8.01                           07/18/07

BARRIER THERAPEUTICS INC                DE       1.01,9.01                      07/12/07

Baseline Oil & Gas Corp.                NV       8.01,9.01                      05/01/07

Beneficial Mutual Bancorp Inc           X1       1.01,2.01,5.02,8.01,9.01       07/13/07

BIO KEY INTERNATIONAL INC               MN       1.01,9.01                      07/18/07

BIOCRYST PHARMACEUTICALS INC            DE       5.02                           07/12/07

BlackRock Inc.                          DE       2.02,9.01                      07/18/07

BLOCKBUSTER INC                         DE       1.01,9.01                      07/13/07

BOK FINANCIAL CORP ET AL                OK       2.02,9.01                      06/30/07

BRENDAN TECHNOLOGIES INC                NV       1.01,2.03,3.02,7.01,9.01       07/10/07

BRIGGS & STRATTON CORP                  WI       1.01,2.03,9.01                 07/12/07

BRINKS CO                               VA       5.02,5.03,9.01                 07/12/07

Calamos Asset Management, Inc. /DE/              1.01,2.03,9.01                 07/13/07

CalAmp Corp.                            DE       7.01,9.01                      07/17/07

CANO PETROLEUM, INC                              2.02,7.01,9.01                 07/17/07

CAPITAL SOUTHWEST CORP                  TX       5.02                           07/18/07

CATCHER HOLDINGS, INC                            1.01,3.02,9.01                 07/11/07

CAVIUM NETWORKS, INC.                            1.01,2.02,5.02,9.01            07/17/07

Celsius Holdings, Inc.                  NV       2.02,7.01,9.01                 07/17/07

CENTERLINE HOLDING CO                   DE       5.02,9.01                      07/18/07

CHAMPION ENTERPRISES INC                MI       2.02,9.01                      07/17/07

CHEESECAKE FACTORY INC                  DE       8.01,9.01                      07/17/07

CHINA BIOPHARMACEUTICALS HOLDINGS INC   DE       8.01                           07/14/07

CHINA DIRECT TRADING CORP               FL       5.03,9.01                      07/17/07

CHINA DIRECT TRADING CORP               FL       5.03                           05/31/07    AMEND

CHINA FIRE & SECURITY GROUP, INC.                8.01,9.01                      07/18/07

CHINACAST EDUCATION CORP                DE       8.01                           07/18/07

CINCINNATI FINANCIAL CORP               OH       2.02,9.01                      07/13/07

CIT GROUP INC                           DE       2.02,2.05,7.01,8.01,9.01       07/16/07

CITIZENS SOUTH BANKING CORP             DE       2.02,9.01                      07/16/07

CITRIX SYSTEMS INC                      DE       2.02                           07/18/07

CITY NATIONAL CORP                      DE       2.02                           07/18/07

CKX, Inc.                               DE       8.01,9.01                      07/12/07

CLINICAL DATA INC                       DE       1.01,7.01,9.01                 07/17/07

CLYVIA INC                              NV       5.02,9.01                      07/12/07

CODORUS VALLEY BANCORP INC              PA       2.02,9.01                      07/17/07

COLDWATER CREEK INC                     DE       7.01,9.01                      07/18/07

COLONIAL BANCGROUP INC                  DE       8.01,9.01                      07/18/07

COLONIAL BANCGROUP INC                  DE       2.02,7.01,9.01                 07/18/07

COMERICA INC /NEW/                      DE       2.02,7.01,9.01                 07/18/07

COMM BANCORP INC                        PA       2.02,9.01                      07/16/07

COMMSCOPE INC                           DE       7.01                           07/16/07

COMMUNITY BANKS INC /PA/                PA       2.02,8.01,9.01                 07/18/07

COMMUNITY CAPITAL CORP /SC/             SC       2.02                           07/18/07

COMMUNITY CENTRAL BANK CORP             MI       5.02,9.01                      07/18/07

COMPUTER TASK GROUP INC                 NY       7.01,9.01                      07/18/07

Consolidated Communications Holdings,   DE       1.01,9.01                      07/12/07

CONSUMER PORTFOLIO SERVICES INC         CA       2.02,9.01                      07/17/07

COURIER CORP                            MA       2.02,9.01                      07/18/07

CRDENTIA CORP                           DE       1.01,3.02                      07/13/07

CRESCENT FINANCIAL CORP                 NC       2.02                           07/17/07

CROWN HOLDINGS INC                      PA       2.02,9.01                      07/17/07

CUBIST PHARMACEUTICALS INC              DE       2.02,9.01                      07/18/07

CV THERAPEUTICS INC                     DE       5.02,8.01,9.01                 07/16/07

DATALINK CORP                           MN       2.02,9.01                      07/17/07

Deerfield Triarc Capital Corp           MD       7.01,8.01,9.01                 07/17/07

Delanco Bancorp, Inc                             1.01                           07/16/07

Delek US Holdings, Inc.                          1.01,3.02,8.01,9.01            07/12/07

DELTA AIR LINES INC /DE/                DE       2.02,9.01                      07/18/07

DELTA APPAREL INC                       GA       2.02,2.05,2.06,7.01,9.01       07/16/07

DIASYS CORP                             DE       5.02                           07/18/07

DIGITAL RECORDERS INC                   NC       7.01,9.01                      07/18/07

DOUBLE EAGLE PETROLEUM CO               MD       7.01,9.01                      07/18/07

DOWNEY FINANCIAL CORP                   DE       2.02,9.01                      06/30/07

Duke Energy CORP                        DE       1.01                           07/11/07

DURA AUTOMOTIVE SYSTEMS INC             DE       8.01                           07/13/07

DYNCORP INTERNATIONAL INC.              DE       5.02                           07/16/07

E TRADE FINANCIAL CORP                  DE       8.01,9.01                      07/18/07

EAGLE ROCK ENERGY PARTNERS L P          DE       8.01,9.01                      07/18/07

EARTH BIOFUELS INC                      DE       8.01,9.01                      07/11/07

EARTHLINK INC                           DE       5.02,5.03,9.01                 07/18/07

EAST DELTA RESOURCES CORP.              DE       5.02                           07/17/07

EBAY INC                                DE       2.02,9.01                      07/18/07

EBAY INC                                DE       5.02                           07/17/07    AMEND

Echo Healthcare Acquisition Corp.       DE       8.01,9.01                      07/17/07

ELDORADO ARTESIAN SPRINGS INC           CO       8.01                           07/13/07

Electronic Sensor Technology, Inc                1.01,5.02,9.01                 07/16/07

EMPIRE RESOURCES INC /NEW/              DE       5.05,9.01                      06/20/07

ENIGMA SOFTWARE GROUP, INC              DE       2.03,3.02,9.01                 07/15/07

ENTERPRISE BANCORP INC /MA/             MA       2.02,8.01,9.01                 07/17/07

ENTERPRISE FINANCIAL SERVICES CORP      DE       2.02,9.01                      07/17/07

Enterprise GP Holdings L.P.             DE       1.01,3.02,8.01,9.01            07/12/07

Enterprise GP Holdings L.P.             DE       2.01,9.01                      05/07/07    AMEND

ENTHRUST FINANCIAL SERVICES INC         DE       1.01,2.01,3.02,4.01,5.01,5.02, 07/10/07    AMEND

ENVIRONMENTAL SERVICE PROFESSIONALS,    NV       4.02,9.01                      07/18/07    AMEND

ESS TECHNOLOGY INC                      CA       5.02,9.01                      07/18/07

EXCO RESOURCES INC                      TX       9.01                           05/02/07    AMEND

EXPONENT INC                            DE       2.02,7.01,9.01                 07/18/07

FARMERS CAPITAL BANK CORP               KY       2.02,9.01                      07/17/07

FIRST COMMUNITY BANK CORP OF AMERICA    FL       2.02,8.01,9.01                 07/18/07

FIRST COMMUNITY BANK CORP OF AMERICA    FL       5.02,9.01                      07/18/07

FIRST PLACE FINANCIAL CORP /DE/         DE       2.02,7.01,9.01                 07/18/07

FIRST SOUTH BANCORP INC /VA/            VA       2.02,9.01                      07/17/07

FORCE PROTECTION INC                    NV       8.01,9.01                      07/12/07

FutureFuel Corp.                        DE       8.01                           07/18/07

GANNETT CO INC /DE/                     DE       2.02,9.01                      07/01/06

GateHouse Media, Inc.                   DE       1.01,8.01,9.01                 07/17/07

GEN PROBE INC                           DE       1.01                           07/17/07

GENCO SHIPPING & TRADING LTD                     1.01,7.01,9.01                 07/12/07

GENERAL ENVIRONMENTAL MANAGEMENT, INC   NV       8.01                           07/13/07

GENESIS HEALTHCARE CORP                 PA       2.01,3.01,3.03,5.01,5.02       07/13/07

GRACO INC                               MN       1.01,1.02,2.03,9.01            07/12/07

GRANT PARK FUTURES FUND LIMITED PARTN   IL       7.01                           07/13/07

GREATER COMMUNITY BANCORP               NJ       2.02,7.01,9.01                 07/18/07

GREYSTONE LOGISTICS, INC.                        2.02,9.01                      07/18/07

GRILL CONCEPTS INC                      DE       3.02,7.01,9.01                 07/17/07

GSI GROUP INC                           DE       1.01,3.03,9.01                 07/17/07

Gulf United Energy, Inc.                NV       1.01,9.01                      07/15/07

HANCOCK HOLDING CO                      MS       8.01,9.01                      07/18/07

HARLEYSVILLE SAVINGS FINANCIAL CORP              2.02,8.01,9.01                 07/18/07

HEALTH DISCOVERY CORP                   TX       5.03,9.01                      07/12/07

HEALTHCARE SERVICES GROUP INC           PA       2.02,9.01                      07/17/07

HEALTHWAYS, INC                         DE       7.01,9.01                      07/18/07

HELMERICH & PAYNE INC                   DE       1.01,9.01                      07/18/07

HERCULES OFFSHORE, INC.                 DE       7.01,9.01                      07/18/07

Hiland Partners, LP                              1.01,2.03,8.01,9.01            07/13/07

HILLMAN COMPANIES INC                   DE       5.02,9.01                      07/18/07

Horizon Lines, Inc.                              8.01,9.01                      07/17/07

HOST AMERICA CORP                       DE       8.01,9.01                      07/17/07

HOST HOTELS & RESORTS L.P.              DE       2.02,9.01                      07/18/07

HOST HOTELS & RESORTS, INC.             MD       2.02,9.01                      07/18/07

HOUSTON AMERICAN ENERGY CORP            DE       8.01                           07/17/07

HSI Asset Securitization CORP Trust 2            8.01,9.01                      07/03/07

HUMANA INC                              DE       2.02,7.01,9.01                 06/30/07

HUSKER AG  LLC                          NE       2.03                           07/13/07

HYDROGEN POWER INC                      DE       5.02                           07/18/07

HYPERDYNAMICS CORP                      DE       3.02                           06/06/07

I2 TECHNOLOGIES INC                     DE       2.02,7.01,9.01                 07/18/07

ICU MEDICAL INC/DE                      DE       2.02                           07/18/07

ID-CONFIRM, INC.                        NV       3.02                           06/22/07

IDM PHARMA, INC.                        DE       5.02                           07/16/07

Ignis Petroleum Group, Inc.                      5.02,9.01                      07/12/07

IMPLANT TECHNOLOGIES INC                MN       1.01,5.01,5.02,9.01            07/10/07

IMS HEALTH INC                          DE       2.02,9.01                      07/18/07

INNOFONE COM INC                        NV       1.01,9.01                      07/18/07

INPHONIC INC                                     5.02,9.01                      07/17/07

Intcomex, Inc.                          DE       1.01,5.02,9.01                 07/11/07

Interactive Brokers Group, Inc.         DE       5.02,9.01                      07/12/07

INTERNATIONAL BUSINESS MACHINES CORP    NY       2.02                           07/18/07

INTERPLAY ENTERTAINMENT CORP            DE       8.01,9.01                      07/17/07

INTERSIL CORP/DE                        DE       2.02,7.01,9.01                 07/18/07

INTERSTATE BAKERIES CORP/DE/            DE       7.01,9.01                      07/17/07

INVESCO PLC/LONDON/                              8.01,9.01                      07/18/07

IPSCO INC                                        7.01,9.01                      07/17/07

IRIS INTERNATIONAL INC                  DE       5.02,5.03,8.01,9.01            07/12/07

J P MORGAN CHASE & CO                   DE       2.02,9.01                      07/18/07

J P MORGAN CHASE & CO                   DE       9.01                           07/16/07

JARDEN CORP                             DE       7.01,9.01                      07/17/07

JAZZ PHARMACEUTICALS INC                DE       1.01,9.01                      07/13/07

JO-ANN STORES INC                       OH       5.02                           07/12/07

JUNIPER NETWORKS INC                    DE       2.02,5.02,9.01                 07/17/07

JUPITERMEDIA CORP                       DE       1.01,1.02,2.03,7.01,9.01       07/12/07

KB HOME                                 DE       5.02,9.01                      07/12/07

KINDER MORGAN ENERGY PARTNERS L P       DE       2.02,9.01                      06/30/07

KINGS ROAD ENTERTAINMENT INC            DE       5.02                           07/14/07

KINGS ROAD ENTERTAINMENT INC            DE       5.02                           07/11/07    AMEND

KKR Financial Holdings LLC              DE       8.01,9.01                      07/17/07

KNIGHT CAPITAL GROUP, INC.              DE       2.02,7.01,9.01                 07/18/07

KNIGHT CAPITAL GROUP, INC.              DE       7.01,9.01                      07/18/07

KNOLL INC                               DE       2.02,9.01                      07/18/07

KREISLER MANUFACTURING CORP             DE       9.01                           07/18/07

LABOR READY INC                         WA       2.02,9.01                      07/18/07

LAM RESEARCH CORP                       DE       8.01                           07/17/07

LASALLE HOTEL PROPERTIES                MD       2.02,9.01                      07/18/07

LAUREATE EDUCATION, INC.                MD       5.01,5.02                      07/12/07

LEVI STRAUSS & CO                       DE       5.02                           07/12/07

Lexaria Corp.                                    8.01,9.01                      07/18/07

LINDSAY CORP                            DE       8.01,9.01                      07/18/07

LUFKIN INDUSTRIES INC                   TX       2.02,9.01                      07/13/07

LUFKIN INDUSTRIES INC                   TX       2.02,9.01                      07/18/07

LUMINEX CORP                            DE       5.02,7.01,9.01                 07/16/07

MACE SECURITY INTERNATIONAL INC         DE       3.01,9.01                      07/12/07

MACE SECURITY INTERNATIONAL INC         DE       1.01,9.01                      07/12/07

Mackenzie Taylor Minerals Inc.          NV       8.01                           07/18/07

Mackenzie Taylor Minerals Inc.          NV       8.01                           07/18/07    AMEND

MANHATTAN PHARMACEUTICALS INC           DE       5.02,9.01                      07/17/07

MARSHALL & ILSLEY CORP/WI/              WI       2.02,9.01                      07/18/07

MARTHA STEWART LIVING OMNIMEDIA INC     DE       5.02,8.01                      07/16/07

MAXIM INTEGRATED PRODUCTS INC           DE       3.01,9.01                      07/13/07

MCG CAPITAL CORP                        DE       1.01,2.03,9.01                 07/12/07

MEDecision, Inc.                        PA       5.02                           07/12/07

MEDTOX SCIENTIFIC INC                   DE       2.02,9.01                      07/17/07

MEDUSA STYLE CORP                       NV       1.01,2.01,3.02,3.03,5.01,5.02, 07/18/07

Merrill Auto Trust Securitization 200   DE       8.01,9.01                      06/11/07

MGI PHARMA INC                          MN       2.02,9.01                      07/18/07

MHI Hospitality CORP                    MD       1.01,7.01,9.01                 07/16/07

MICRONETICS  INC                        DE       1.01,5.02,9.01                 07/16/07

MITCHAM INDUSTRIES INC                  TX       1.01,5.02,8.01                 07/12/07

MITY ENTERPRISES INC                    UT       2.01,3.01,5.01,8.01,9.01       07/17/07

MODINE MANUFACTURING CO                 WI       5.02,5.03,7.01,8.01,9.01       07/16/07

Monarch Financial Holdings, Inc.        VA       7.01,9.01                      07/18/07

MONEYGRAM INTERNATIONAL INC                      2.02                           07/18/07

MONUMENTAL MARKETING INC                NV       4.01,9.01                      09/02/04

MTC TECHNOLOGIES INC                    DE       5.02                           07/18/07

MULTIBAND CORP                          MN       7.01,9.01                      07/12/07

NATIONAL BANCSHARES CORP /OH/           OH       7.01,9.01                      07/18/07

NCO Group, Inc.                                  7.01,9.01                      07/18/07

NETBANK INC                             GA       8.01                           07/17/07

New England Bancshares, Inc.                     2.01,5.02,9.01                 07/12/07

NEW FRONTIER ENERGY INC                 CO       1.01,9.01                      07/18/07

NEW FRONTIER MEDIA INC                  CO       5.02                           07/12/07

NEWCASTLE INVESTMENT CORP               MD       2.03,9.01                      07/12/07

NexCen Brands, Inc.                     DE       9.01                           05/02/07    AMEND

NEXEN INC                               A0       5.02                           07/18/07

NORTHERN TRUST CORP                     DE       2.02,9.01                      07/18/07

NORTHWEST INDIANA BANCORP               IN       2.02,9.01                      07/18/07

NORTHWEST PIPE CO                       OR       4.01,9.01                      07/13/07

NORWOOD FINANCIAL CORP                  PA       2.02,9.01                      07/18/07

NVE CORP /NEW/                          MN       2.02                           07/18/07

Oakmont Acquisition Corp.               DE       7.01,9.01                      07/18/07

OFFICE DEPOT INC                        DE       8.01                           07/16/07

OFFICEMAX INC                           DE       1.01,1.02,2.03,9.01            07/12/07

OLD POINT FINANCIAL CORP                VA       2.02,9.01                      07/18/07

OLYMPIC STEEL INC                       OH       1.01,9.01                      07/18/07

ONEOK Partners LP                       DE       8.01,9.01                      07/18/07

ORBITAL SCIENCES CORP /DE/              DE       2.02                           07/18/07

OSI SYSTEMS INC                         CA       2.02,9.01                      07/17/07

Owens Corning                           DE       1.01,8.01,9.01                 07/17/07

PACIFIC CONTINENTAL CORP                OR       2.02,9.01                      07/18/07

PANHANDLE OIL & GAS INC                 OK       5.02,7.01,9.01                 07/16/07

PANTRY INC                              DE       2.02,9.01                      07/10/07    AMEND

PARALLEL PETROLEUM CORP                 DE       7.01,9.01                      07/18/07

PAYCHEX INC                             DE       1.01,9.01                      07/12/07

PENSKE AUTOMOTIVE GROUP, INC.           DE       8.01,9.01                      07/17/07

PERFORMANCE HEALTH TECHNOLOGIES INC              5.03,8.01,9.01                 07/12/07

PETMED EXPRESS INC                      FL       8.01,9.01                      07/16/07

PFGI CAPITAL CORP                       MD       5.02,9.01                      07/18/07

PFGI CAPITAL CORP                       MD       2.02,8.01,9.01                 07/18/07

PFIZER INC                              DE       2.02,9.01                      07/18/07

PHOTON DYNAMICS INC                     CA       2.02,4.02,9.01                 07/16/07

PINNACLE FINANCIAL PARTNERS INC         TN       2.02,9.01                      07/17/07

PIONEER BANKSHARES INC/VA                        2.02,9.01                      07/18/07

PIONEER DRILLING CO                     TX       5.02,9.01                      07/17/07

PIPER JAFFRAY COMPANIES                          2.02,9.01                      07/18/07

PLAINS EXPLORATION & PRODUCTION CO      DE       1.01,8.01,9.01                 07/17/07

PLUMAS BANCORP                          CA       2.02,9.01                      07/18/07

PORTLAND GENERAL ELECTRIC CO /OR/       OR       5.02                           07/16/07

PRINCIPAL LIFE INSURANCE CO             IA       9.01                           07/13/07

PRINCIPAL LIFE INSURANCE CO             IA       9.01                           07/13/07

PRINCIPAL LIFE INSURANCE CO             IA       9.01                           07/13/07

PROASSURANCE CORP                       DE       2.02,9.01                      07/17/07

PROELITE, INC.                          NJ       1.01,3.02,9.01                 07/18/07

PROVIDENT COMMUNITY BANCSHARES, INC.    DE       2.02,9.01                      07/17/07

PULTE HOMES INC/MI/                     MI       2.02,9.01                      07/17/07

QUANTUM CORP /DE/                       DE       5.02,5.03,9.01                 07/12/07

QUOVADX INC                             DE       8.01,9.01                      07/17/07

R&G FINANCIAL CORP                      PR       5.02                           12/21/06

RAINIER PACIFIC FINANCIAL GROUP INC     WA       2.02,9.01                      07/18/07

Rand Logistics, Inc.                    DE       8.01,9.01                      07/18/07

RASC Series 2007-KS2 Trust              DE       8.01,9.01                      07/18/07

RASC Series 2007-KS2 Trust              DE       8.01,9.01                      07/18/07    AMEND

REDDY ICE HOLDINGS INC                  DE       8.01,9.01                      07/17/07

REIDCO ACQUISITION I INC                DE       4.01,9.01                      06/11/07

Reperio Exploration Inc.                NV       5.02                           07/15/07

REX STORES CORP                         DE       1.01,9.01                      07/17/07

RLI CORP                                IL       2.02,9.01                      07/17/07

ROO GROUP INC                           DE       1.01,2.01,7.01,9.01            07/12/07

Rosetta Resources Inc.                  DE       5.02                           07/18/07

RPM INTERNATIONAL INC/DE/               DE       5.02,7.01,9.01                 07/17/07

RUSH ENTERPRISES INC \TX\               TX       2.02                           07/18/07

Ruths Chris Steak House, Inc.           DE       5.02,9.01                      07/16/07

S Y BANCORP INC                         KY       2.02,8.01,9.01                 07/17/07

SATCON TECHNOLOGY CORP                  DE       1.01,3.02,9.01                 07/17/07

SAVE THE WORLD AIR INC                  NV       8.01,9.01                      07/12/07

SCHMITT INDUSTRIES INC                  OR       2.02                           07/18/07

SCOTTS MIRACLE-GRO CO                   OH       5.02,8.01,9.01                 07/16/07

SecureLogic Corp                        NV       5.02                           07/12/07

SELECTICA INC                           DE       4.02,9.01                      07/12/07

SemGroup Energy Partners, L.P.          DE       1.01,5.02,7.01,9.01            07/18/07

SEMTECH CORP                            DE       8.01                           07/18/07

SHENANDOAH TELECOMMUNICATIONS CO/VA/    VA       5.03,9.01                      07/16/07

ShengdaTech, Inc.                                8.01,9.01                      07/17/07

SKY PETROLEUM, INC.                     NV       5.02,9.01                      07/14/07

SKYWORKS SOLUTIONS INC                  DE       2.02,9.01                      07/18/07

SLADES FERRY BANCORP                    MA       1.01,9.01                      07/17/07

SMITH A O CORP                          DE       2.02,9.01                      07/18/07

SONO TEK CORP                           NY       7.01,9.01                      07/16/07

SourceForge, Inc                        DE       1.01,9.01                      07/13/07

Southern Star Energy Inc.               NV       1.01,9.01                      07/10/07

SOUTHWEST AIRLINES CO                   TX       2.02                           06/30/07

SOUTHWEST AIRLINES CO                   TX       2.02                           06/30/07

SPATIALIGHT INC                         NY       7.01,9.01                      07/13/07

ST JUDE MEDICAL INC                     MN       2.02,9.01                      07/18/07

STAKTEK HOLDINGS INC                    DE       5.02                           07/13/07

STANDARD PARKING CORP                   DE       8.01,9.01                      07/18/07

STILLWATER MINING CO /DE/               DE       8.01,9.01                      07/17/07

STOCKGROUP INFORMATION SYSTEMS INC      CO       8.01,9.01                      07/16/07

SUNPOWER CORP                           CA       1.01,7.01,9.01                 07/16/07

SUNPOWER CORP                           CA       1.01,2.03                      07/13/07    AMEND

SURMODICS INC                           MN       2.02,9.01                      07/18/07

Synovics Pharmaceuticals                NV       8.01                           07/17/07

SYNTHETIC FIXED INCOME SECURITIES INC            8.01,9.01                      07/16/07

TALEO CORP                              DE       1.01                           05/30/07

Tennessee Commerce Bancorp, Inc.        TN       9.01                           07/18/07

Tennessee Valley Authority                       2.03                           07/12/07

TERRA NOSTRA RESOURCES CORP.            NV       3.02                           07/12/07

TETROS INC                              DE       4.01,9.01                      04/26/07    AMEND

TLC VISION CORP                         A6       8.01,9.01                      07/16/07

TORCHMARK CORP                          DE       2.02,9.01                      07/18/07

TORTOISE CAPITAL RESOURCES CORP                  2.02,9.01                      07/13/07

TransMontaigne Partners L.P.            DE       1.01,2.03,9.01                 07/12/07

TRULITE INC                             DE       1.01,9.01                      07/10/07

TRUSTMARK CORP                          MS       5.03,9.01                      07/17/07

TWEETER HOME ENTERTAINMENT GROUP INC    DE       2.01,8.01,9.01                 07/12/07

TXP CORP                                NV       1.01,9.01                      07/13/07

UNITED HERITAGE CORP                    UT       8.01,9.01                      07/17/07

UNITED TECHNOLOGIES CORP /DE/           DE       2.02,8.01,9.01                 07/18/07

USANA HEALTH SCIENCES INC               UT       2.02,9.01                      07/16/07

UTEK CORP                                        8.01,9.01                      07/12/07

uVuMobile, Inc                                   1.01,3.02,8.01,9.01            07/16/07

VALUECLICK INC/CA                       DE       1.01,7.01,9.01                 07/13/07

VALUEVISION MEDIA INC                   MN       5.02                           07/11/07

VENTURE FINANCIAL GROUP INC             WA       8.01,9.01                      07/17/07

VeriChip CORP                           DE       2.02,9.01                      07/17/07

VeriFone Holdings, Inc.                 DE       5.02,9.01                      07/18/07

VINEYARD NATIONAL BANCORP               CA       2.02,9.01                      07/18/07

VITAL SIGNS INC                         NJ       8.01,9.01                      07/17/07

Volcano CORP                            DE       5.02                           07/17/07

Voyager Petroleum, Inc.                 NV       1.01,1.02,9.01                 07/12/07

W HOLDING CO INC                        PR       5.02                           06/29/07

WABCO Holdings Inc.                     DE       2.02,3.03,5.02,5.03,7.01,      07/13/07
WAKE FOREST BANCSHARES INC                       2.02,9.01                      07/18/07

WAKO LOGISTICS GROUP INC                         8.01                           07/13/07

Warner Music Group Corp.                DE       8.01,9.01                      07/18/07

WASHINGTON FEDERAL INC                  WA       2.02,7.01,9.01                 07/16/07

WASHINGTON MUTUAL, INC                  WA       1.01,2.02,9.01                 07/18/07

WASHINGTON REAL ESTATE INVESTMENT TRU   MD       2.02,7.01,9.01                 07/18/07

WASTE MANAGEMENT INC                    DE       5.02,9.01                      07/13/07

Wells Timberland REIT, Inc.             MD       8.01,9.01                      07/17/07

WESBANCO INC                            WV       2.02,9.01                      07/18/07

WEST COAST BANCORP /NEW/OR/             OR       2.02,9.01                      07/17/07

WESTERN ALLIANCE BANCORPORATION                  2.02,9.01                      07/18/07

WORLD ENERGY SOLUTIONS, INC.            FL       8.01                           07/17/07

WORLD WASTE TECHNOLOGIES INC            CA       5.02,8.01                      07/18/07

WorldSpace, Inc                         DE       1.01,7.01,9.01                 07/18/07

X-CHANGE CORP                           NV       5.02,7.01,9.01                 07/16/07

XSUNX INC                               CO       7.01,9.01                      07/17/07

Zagg INC                                         7.01,9.01                      07/10/07



Modified: 07/19/2007