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SEC NEWS DIGEST
Issue 2007-142 July 25, 2007
COMMISSION ANNOUNCEMENTS
SEC APPROVES PCAOB AUDITING STANDARD NO. 5 REGARDING AUDITS OF
INTERNAL CONTROL OVER FINANCIAL REPORTING; ADOPTS DEFINITION OF
"SIGNIFICANT DEFICIENCY"
The Commission today voted unanimously in favor of a new auditing
standard and other measures to increase the accuracy of financial
reports while reducing unnecessary costs, especially for smaller
public companies.
The Commission expects the new auditing standard, in combination with
the Commission's new management guidance, will make Section 404 audits
and management evaluations more risk-based and scalable to company
size and complexity.
"In approving Auditing Standard No. 5, the Commission has strengthened
investor protection by refocusing resources on what truly matters to
the integrity of financial statements. This is an exceptionally
positive step for both investors and for America's capital markets,"
said SEC Chairman Christopher Cox. "This standard and the Commission's
interpretive guidance for management represent the culmination of two
years' work by the Commission and the PCAOB and our respective staffs
to make the implementation of Section 404 more effective and
efficient. I want to thank everyone involved for their hard work in
responding to and addressing the concerns created by the unduly
expensive and inefficient Auditing Standard No. 2."
The Commission unanimously approved the Public Company Accounting
Oversight Board's (PCAOB) proposed Auditing Standard No. 5, An Audit
of Internal Control Over Financial Reporting That is Integrated With
An Audit of Financial Statements (Auditing Standard No. 5), a related
independence rule, and conforming amendments (File No. PCAOB-2007-02).
The Commission also adopted a definition of the term "significant
deficiency."
Auditing Standard No. 5 will replace PCAOB Auditing Standard No. 2, An
Audit of Internal Control Over Financial Reporting Performed in
Conjunction with an Audit of Financial Statements (Auditing Standard
No. 2). It provides the new professional standards and related
performance guidance for independent auditors to attest to, and report
on, management's assessment of the effectiveness of internal control
over financial reporting under Section 404(b) of the Sarbanes-Oxley
Act of 2002.
Examples of some of the improvements that have been made by the
PCAOB's new auditing standard that will replace Auditing Standard No.
2 include:
1. Auditing Standard No. 5 is less prescriptive.
The mandatory requirements (i.e., the "shoulds") that exist in
Auditing Standard No. 2 have been significantly reduced in Auditing
Standard No. 5. That means the auditor can focus on performing tests
in those areas where, in the auditor's judgment, it's actually
necessary.
Management and audit committees now can engage in a more meaningful
dialogue with their auditors to ensure that auditors are focused on
what matters - risk and materiality - and not on rote compliance with
a rulebook.
Auditing Standard No. 5 is less than half the length of Auditing
Standard No. 2 and is easier to read.
2. Auditing Standard No. 5 makes the audit scalable - so it can change
to fit the size and complexity of any company.
There are notes throughout the new standard explaining how to apply
the principles to smaller or less complex companies. Under the new
standard, companies' control systems won't have to be designed to fit
the audit standard, but rather to achieve the intended objective of
improving the quality of financial statements.
For example, the standard explains that for audits of smaller and less
complex companies, the auditor can appropriately reduce the amount of
internal control testing. The auditor can consider alternative
controls - for example, if management's ability to segregate duties is
limited; and the auditor can also use inquiry, combined with other
procedures such as observation or reperformance - for example, when
the operation of controls by management results in limited or no
documentation trail.
3. Auditing Standard No. 5 directs auditors to focus on what matters
most - and eliminates unnecessary procedures from the audit.
It directs auditors to those areas that present the highest risk, such
as the financial statement close process and controls designed to
prevent fraud by management. It emphasizes that the auditor is not
required to scope the audit to find deficiencies that don't constitute
material weaknesses. It also allows auditors to use knowledge
accumulated in previous years' audits to reduce testing.
Auditing Standard No. 2 included detailed requirements for the auditor
to evaluate management's evaluation process. The new standard
clarifies that management's process is not the focus of the audit.
Rather, the audit is focused on the effectiveness of a company's
internal control over financial reporting. As a result, it will
eliminate auditors requiring companies to do work that isn't
necessary.
4. Finally, Auditing Standard No. 5 includes a principles-based
approach to determining when and to what extent the auditor can use
the work of others.
A principles-based approach allows auditors to apply professional
judgment in determining the extent to which they'll use the work of
others. The new standard itself expressly permits auditors to use, in
the internal control audit, testing and other internal control work
performed by persons other than internal auditors. This principles-
based approach is in fact based on the auditor's consideration of the
objectivity and competence of those performing the work. These two
factors are the most important considerations in the auditor's
determination of when and to what extent the auditor can use the work
of others.
"By providing interpretive guidance to companies and by working with
the PCAOB on the development of Auditing Standard No. 5, the
Commission has replaced the current inefficient system of 404
implementation with an approach that allows for tailoring and scaling
of evaluations and audits according to the relevant facts and
circumstances. Still, Auditing Standard No. 5 provides for effective
and meaningful internal control evaluations and audits to protect
investors," said SEC Chief Accountant, Conrad Hewitt. "We expect the
implementation to remove unnecessary, expensive and inefficient
procedures that don't make good use of investors' money and distract
attention from what's important. Auditing Standard No. 5 should help
to bring cost in line with benefits for investors."
"The Commission's approval of Auditing Standard No. 5 represents the
last major step in the roadmap the Commission laid out just over a
year ago for improving the rules and guidance implementing Section 404
for public companies of all sizes," said John White, Director of the
SEC's Division of Corporation Finance. "The cooperative efforts and
hard work of the Commission, the PCAOB, and their staffs have provided
investors and our capital markets the improvements to the
implementation of Section 404 that they deserve. We can now turn our
attention to ensuring a successful implementation and the excepted
reductions in costs."
The Commission also approved PCAOB Rule 3525, which further implements
Section 202 of the Act's pre-approval requirements by requiring
auditors to take certain steps as part of seeking audit committee pre-
approval of internal control related non-audit services. Finally, the
conforming amendments approved by the Commission, update the PCAOB's
other auditing standards.
Auditing Standard No. 5, PCAOB Rule 3525, and the Conforming
Amendments will be effective and required for integrated audits
conducted for fiscal years ending on or after Nov. 15, 2007. However,
earlier adoption is permitted and encouraged. The Commission's recent
amendments to Regulation S-X become effective on Aug. 27, 2007 and the
Commission will begin accepting the single auditor's attestation
report on the effectiveness of internal control over financial
reporting prescribed in Auditing Standard No. 5 in timely filings
received starting on that date.
The Commission also adopted a definition of significant deficiency to
define this term as a deficiency, or a combination of deficiencies, in
internal control over financial reporting that is less severe than a
material weakness, yet important enough to merit attention by those
responsible for oversight of the registrant's financial reporting.
This definition is used in the context of evaluating the required
communications under both Sections 302 and 404 of SOX and the SEC's
implementing rules.
The Commission is also taking this opportunity to express again its
appreciation to its Advisory Committee on Smaller Public Companies,
the Public Company Accounting Oversight Board, and the hundreds of
investors, companies, auditors, and others who responded to the
Commission's and PCAOB's various requests for comments regarding
audits of internal control over financial reporting. Our efforts in
improving Section 404 implementation were considerably aided by the
helpful insights and suggestions provided. (Press Rel. 2007-144)
SEC SOLICITING PUBLIC COMMENT ON ROLE OF IFRS IN THE U.S.
The Commission today voted unanimously to publish a Concept Release
for public comment on allowing U.S. issuers, including investment
companies, to prepare their financial statements using International
Financial Reporting Standards (IFRS) as published by the International
Accounting Standards Board.
Under the SEC's current rules, U.S. issuers are required to prepare
financial statements in accordance with accounting principles that are
generally accepted in the United States (U.S. GAAP). The Concept
Release is an information-seeking document that describes the policy
issues and, in the form of questions, seeks public input regarding the
possibility of allowing U.S. issuers to report under IFRS.
"Having a set of globally accepted accounting standards is critical to
the rapidly accelerating global integration of the world's capital
markets," said SEC Chairman Christopher Cox. "Today nearly 100
countries require or allow the use of International Financial
Reporting Standards. Through this Concept Release, we will be
soliciting public comment on the role of International Financial
Accounting Standards in the U.S. capital markets and on whether U.S.
companies, like many of their competitors around the world, should be
permitted to use International Financial Accounting Standards."
Conrad Hewitt, SEC Chief Accountant, said, "I think it is the
appropriate time for the Commission to ask investors, issuers,
auditors and other market participants to provide their views on the
concept of U.S. issuers using IFRS in preparing their financial
statements. We have gotten to this point by virtue of the work of both
the Commission and many other parties over the years to reduce
disparity within the accounting and disclosure practices of the U.S.
and other countries, work that will continue."
John W. White, Director of the Commission's Division of Corporation
Finance, said, "Last month, the Commission proposed to eliminate the
requirement that foreign private issuers using IFRS reconcile their
financial statements to U.S. GAAP. Today, the Commission addressed a
more far-reaching prospect - the possible choice by U.S. issuers to
use IFRS instead of U.S. GAAP in their financial reporting. As nearly
100 countries require or allow the use of IFRS, investors, U.S.
issuers, and other market participants must all carefully consider the
ramifications of this prospect and we welcome their comments."
The comment period extends for 90 days after the Concept Release is
published in the Federal Register. (Press Rel. 2007-145)
ENFORCEMENT PROCEEDINGS
SEC CHARGES CONAGRA FOODS, INC. IN FINANCIAL FRAUD AND ACCOUNTING CASE
ConAgra Agrees to Pay $45 Million Penalty to Settle Charges
The Commission has filed civil charges against ConAgra Foods, Inc., a
diversified international food company headquartered in Omaha,
Nebraska, alleging that it engaged in improper, and in certain
instances fraudulent, accounting practices during its fiscal years
1999 through 2001. The fraudulent practices alleged involved the
misuse of corporate reserves to manipulate reported earnings in fiscal
year 1999 and a scheme at its former subsidiary, United Agri-Products
(UAP), in 2000 that involved, among other things, improper and
premature revenue recognition. Additionally, the complaint alleges
that between fiscal years 2002 and 2005, ConAgra's corporate tax
department made numerous tax errors, causing the company to improperly
account for tax benefits and understate its income tax expense.
Between the first quarter of fiscal year 1999 and the third quarter of
fiscal year 2001 ConAgra misstated its reported income before income
taxes by nearly $218.5 million. As a result of the income tax errors,
ConAgra misstated its reported income tax expense by $105 million.
The complaint alleges varied misconduct that includes the following:
Misuse of Reserves
During the first and second quarters of fiscal year 1999, ConAgra
improperly used tens of millions of dollars of certain excess
reserves to offset, dollar-for-dollar, unrelated, unplanned-for
and unreserved-for losses. Separately, but at the same time as
the second quarter of fiscal year 1999 reduction, ConAgra
improperly transferred over $93 million of remaining excess
reserves into two newly created "general" reserve accounts, using
approximately $60 million of these transferred reserves to cover
unrelated, unplanned-for and unreserved-for exposures related to
legal and environmental matters. Additionally, from at least as
early as the first quarter of fiscal year 1999, ConAgra
fraudulently used an Estimated Liabilities reserve account as a
"cookie jar" reserve, using it to offset millions in current
period operating expenses. These reductions of excess reserves in
1999 caused ConAgra to overstate its annual reported income by
15% and its earnings per share by over 10 cents per share.
ConAgra maintained excess reserves on its books in fiscal year
2000. On several occasions in that year, ConAgra offset
unplanned-for and unreserved-for losses with a dollar-for-dollar
reduction to excess reserves in certain of its excess reserve
accounts.
In fiscal year 2001, ConAgra made a reduction of $35 million to
its excess legal and environmental reserves. At least $23.8
million of the $35 million was improperly taken to income for the
third quarter of 2001; rather it should have been reported as a
prior period adjustment as the $23.8 million should have been
reduced by no later than the end of fiscal year 2000.
Fraudulent Scheme at UAP
In fiscal year 2000, former senior executives at UAP participated
in a scheme to overstate UAP's operating results through the use
of improper accounting practices including the improper
recognition of revenue from deferred delivery sales and
associated rebates from its suppliers, the failure to record bad
debt expenses when realized and the premature recognition of
revenue from advance vendor rebates.
Forensic accountants retained by special counsel to the Audit
Committee of ConAgra tested a sample valued at over $247 million
of UAP's deferred delivery sales originally recorded from fiscal
year 1998 through the second quarter of fiscal year 2001 and
determined that approximately 40% of the transactions tested were
fraudulent.
The UAP misconduct caused ConAgra to overstate its agricultural
products segment's operating profit by approximately 35% and
ConAgra's reported income before income taxes by 7.85% in fiscal
year 2000.
Misleading Disclosure
ConAgra's disclosure in its Form 10-Q for the third quarter of
fiscal year 2001 was misleading as it failed to disclose that at
least $23.8 million of the $35 million reduction of excess
reserves was in excess in prior periods.
Income Tax Errors
At the end of fiscal year 1999 ConAgra took an unsupported
reduction of $4,658,064 to its income tax expense. Without this
reduction, ConAgra would have missed the Wall Street analysts'
consensus estimate.
ConAgra improperly understated its income tax expense for fiscal
year 2004 by a total of $84.9 million after it incorrectly
calculated the stock basis following its sale of beef/pork
subsidiaries and determined that it resulted in a capital loss
for tax purposes.
ConAgra also used an incorrect methodology to calculate its
overall foreign loss in fiscal year 2003 and before, and
accordingly, ConAgra's tax liability was incorrectly calculated.
ConAgra failed to consider appropriate tax strategies in fiscal
year 2003 when ConAgra was able to utilize foreign tax credits.
As a result, ConAgra failed to record sufficient tax benefits
related it its foreign tax credits and therefore, either
understated or overstated its net income after income taxes in
fiscal years 2003, 2004, and 2005.
The complaint alleges that, without engaging in the improper and at
times fraudulent accounting practices, ConAgra would have missed the
Wall Street analysts' consensus estimates of the company's earnings
per share for at least six of eleven fiscal quarters in fiscal years
1999, 2000 and 2001. As a result of the conduct described above,
ConAgra materially misstated its financial performance in earnings
releases and in periodic reports filed with the Commission. Other
financial misstatements of ConAgra during this time include a
registration statement filed with the Commission. ConAgra has restated
its financial results for the years 1999 through 2005.
To settle the charges, ConAgra has agreed to pay a $45 million
penalty, which the SEC will seek to place into a Fair Fund for
distribution to harmed investors. Without admitting or denying the
allegations in the complaint, ConAgra agreed to be permanently
enjoined from violating the antifraud, reporting, books and records
and internal controls provisions of the federal securities laws
(Sections 10(b), 13(a), 13(b(2)(A) and 13(b)(2)(B) of the Exchange Act
and Rules 10-b-5, 12b-20, 13a-1 and 13a-13). ConAgra also has
consented to a review by an independent consultant of its policies and
procedures and financial and accounting compliance functions with
respect to certain reserve accounts. The settlement is subject to
court approval.
Earlier this year, the Commission brought settled civil injunctive
actions and settled administrative proceedings against six former
ConAgra executives, including two former corporate controllers, its
former chief financial offer, its former vice president of operations
and control, and against two senior executives at UAP. Litigation is
currently pending against a third UAP senior executive. See Litigation
Release Nos. 19969 (Jan. 17, 2007) and 20176 (June 29, 2007). [SEC v.
ConAgra Foods, Inc., 07cv01557-MSK-MEH] (LR-20206; Press Rel. 2007-
142)
SEC CHARGES FORMER KLA-TENCOR CEO WITH FRAUD FOR IMPROPER STOCK
OPTIONS BACKDATING
Commission Also Settles Claims Against KLA-Tencor
The Commission today filed charges against Silicon Valley
semiconductor company KLA-Tencor Corporation (KLA) and its former
Chief Executive Officer, Kenneth L. Schroeder, alleging that they
engaged in an illicit scheme to backdate stock option grants.
The Commission alleges that, since 1997, KLA concealed more than $200
million in stock option compensation by providing employees and
executives with potentially lucrative "in-the-money" options while
secretly backdating the grants to avoid reporting the expenses to
investors. The Commission further alleges that Schroeder, of Los Altos
Hills, Calif., repeatedly backdated options between 1999 and 2002, and
once in 2005 - even after he received advice from company counsel that
retroactively selecting grant dates without adequate disclosure was
improper.
The Commission's complaint against KLA, filed in federal district
court in San Jose, Calif., alleges that former company executives
routinely used hindsight to issue options to employees priced at or
near KLA's lowest stock price of the preceding weeks. Although pricing
the options below current prices required the company to report a
compensation charge under well-settled accounting principles, former
KLA officials avoided reporting the charges by falsely documenting
that the options had been granted on an earlier date. The backdated
grants resulted in materially misleading disclosures, with the Company
overstating its net income in fiscal years 1998 through 2005 by as
much as 156 percent.
In a separate complaint filed against Schroeder, the Commission
charges that he repeatedly engaged in backdating after becoming CEO in
1999, including pricing large awards of options to himself that were
"in the money" by millions of dollars - a potential windfall never
disclosed to KLA-Tencor's shareholders. According to the complaint,
Schroeder received a legal memorandum in March 2001 cautioning that
"the Board and its committees are limited in their ability to grant
options at a retroactive price without exposing the company to risk of
an accounting charge." The memo further warned that "[a]ny attempt to
set a price before such a grant is made raises substantial risks under
securities and tax laws [and] accounting rules and gives rise to
disclosure obligations." The Commission alleges that Schroeder
nonetheless continued to backdate options.
KLA-Tencor, without admitting or denying the allegations in the
Commission's complaint, agreed to settle the matter by consenting to a
permanent injunction from further violations of Sections 13(a),
13(b)(2)(A) and 13(b)(2)(B) of the Securities Exchange Act of 1934 and
Rules 12b-20, 13a-1, 13a-11 and 13a-13 thereunder.
Schroeder is charged with violating Section 17(a) of the Securities
Act of 1933 and Sections 10(b), 13(b)(5), and 16(a) of the Securities
Exchange Act of 1934 and Rules 10b-5, 13a-14, 13b2-1, 13b2-2, and 16a-
3 thereunder, and Schroeder is charged with aiding and abetting
violations of Sections 10(b), 13(a), 13(b)(2)(A), 13(b)(2)(B), and
14(a) of the Securities Exchange Act of 1934 and Rules 10b-5, 12b-20,
13a-1, 13a-11, 13a-13, and 14a-9 thereunder. The Commission is seeking
injunctive relief, disgorgement of ill-gotten gains, and monetary
penalties against Schroeder, in addition to an order barring him from
serving as an officer or director of a public company. In addition,
the complaint seeks reimbursement of bonuses and profits from stock
sales pursuant to Section 304 of the Sarbanes-Oxley Act. [SEC v.
Kenneth L. Schroeder, Case No. C07 3798 JW, N.D. Cal.; SEC v. KLA-
Tencor Corp., Case No. C07 3799 HRL, N.D. Cal.] (LR-20207)
FINAL JUDGMENTS ENTERED AGAINST PRESTON DAVID PINKETT, II AND
INTERNATIONAL FIDUCIARY CORPORATION IN OVER $40 MILLION PRIME BANK
FRAUD
The Commission announced today that the Honorable Gerald Bruce Lee,
U.S. District Judge for the Eastern District of Virginia, has entered
Final Judgments as to Defendants International Fiduciary Corporation,
S.A. (IFC), and its chairman and CEO, Preston David Pinkett, II
(Pinkett), restraining and enjoining them from future violations of
Sections 5 and 17(a) of the Securities Act of 1933, and Section 10(b)
of the Securities Exchange Act and Rule 10b-5 thereunder. (The
judgment against IFC was entered on July 20, 2007, and the judgment
against Pinkett was entered on July 3, 2007.) Pinkett and IFC
consented to the entry of the judgments without admitting or denying
any of the allegations of the Commission's First Amended Complaint.
The Court ordered disgorgement against Pinkett in the amount of
$5,101,000, plus prejudgment interest of $153,061. Pinkett was also
ordered to pay a civil penalty of $100,000. With respect to IFC, the
Court ordered disgorgement against it in the amount of $24,037,362.95
plus prejudgment interest of $971,109.46. The Court, however, did not
impose a payment obligation on IFC based on the fact that Roy M.
Terry, Jr., the Court-Appointed Receiver for IFC, will instead prepare
a plan (subject to the SEC's consent) to distribute all those funds -
and all other funds paid by Defendants and Relief Defendants in this
case - to investor victims in the United States, Canada, and any other
locations.
The Commission filed its complaint against Byer, Stevenson and two
other defendants-Preston David Pinkett II and International Fiduciary
Corp., S.A.-on Dec. 4, 2006, alleging that they defrauded investors
through a fraudulent "asset growth program" purportedly involving
risk-free participation in the trading of "1st tier medium-term bank
notes." On that same date, the Court issued an order that, among other
things, temporarily restrained IFC, Pinkett, Byer, and Stevenson from
violating the antifraud provisions of the federal securities laws, and
freezing investor funds wherever located and all assets of the
defendants. On Dec. 11, 2006, the Court entered a preliminary
injunction which extended the temporary restraining order and asset
freeze. On Jan. 19, 2007, on the Commission's motion, the Court
appointed Roy M. Terry, Jr., Esq. as Receiver over IFC. On April 19,
2007, the Commission filed an amended complaint that alleged, among
other things, that the defendants raised at least $40 million from at
least 140 investors, and added two individuals and four Washington
State-based companies as relief defendants. On June 19, 2007, the
Court entered default judgments against Byer and Stevenson.
The Commission wishes to acknowledge the continuing assistance of the
British Columbia Securities Commission. For further information, see
Litigation Release Nos. 19934 (Dec. 5, 2006); 19976 (Jan. 23, 2007);
20087 (April 24, 2007), and 20158 (June 20, 2007). [SEC v.
International Fiduciary Corp., S.A., et al., U.S. District Court for
Eastern District of Virginia (Civil Action No. 1:06CV1354)] (LR-20208)
INVESTMENT COMPANY ACT RELEASES
ORDERS OF DEREGISTRATION UNDER THE INVESTMENT COMPANY ACT
Orders have been issued under Section 8(f) of the Investment Company
Act declaring that each of the following has ceased to be an
investment company:
Boyle Fund [File No. 811-8501]
[Rel No. IC-27892]
GAM Avalon Multi-Strategy (TEI), LLC [File No. 811-21026]
[Rel No. IC-27893]
GAM Institutional Multi-Strategy, LLC [File No. 811-21027]
[Rel No. IC-27894]
GAM Multi-Strategy Investments, LLC [File No. 811-21736]
[Rel No. IC-27895]
Evergreen Income & Growth Fund [File No. 811-2829]
[Rel No. IC-27896]
Evergreen Growth & Income Fund [File No. 811-4715]
[Rel No. IC-27897]
TIAA-CREF Mutual Funds [File No. 811-8055]
[Rel No. IC-27898]
GAM Avalon Lancelot, LLC [File No. 811-10245]
[Rel No. IC-27899]
The Primary Income Funds, Inc. [File No. 811-5831]
[Rel No. IC-27900]
BlackRock Global Value Fund, Inc. [File No. 811-7561]
[Rel No. IC-27901]
Curan Fund, LLC [File No. 811-21091]
[Rel No. IC-27902]
Morgan Stanley Total Return Trust [File No. 811-8600]
[Rel No. IC-27903]
The Catholic Funds, Inc. [File No. 811-9177]
[Rel No. IC-27904]
Morgan Stanley Institutional Fund of Hedge Funds II LP [File No.
811-21768]
[Rel No. IC-27905]
Pioneer Emerging Growth Fund [File No. 811-21105]
[Rel No. IC-27906]
MBIA Capital First Trust Relative Value Municipal Fund [File No.
811-21572]
[Rel No. IC-27907]
First Trust/Pequot Energy Income Fund [File No. 811-21688]
[Rel No. IC-27908]
SELF-REGULATORY ORGANIZATIONS
IMMEDIATE EFFECTIVENESS OF PROPOSED RULE CHANGES
A proposed rule change filed by NYSE Arca to extend the Quarterly
Options Series pilot program (SR-NYSEArca-2007-70) has become
immediately 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. 34-56119)
The Commission issued a notice of immediate effectiveness of a
proposed rule change (SR-NASDAQ-2007-060) and Amendment No. 1 thereto
filed by The NASDAQ Stock Market to extend Nasdaq's authority under
its cease and desist pilot program. Publication is expected in the
Federal Register during the week of July 23. (Rel. 34-56120)
PROPOSED RULE CHANGE
The Commission approved a proposed rule change submitted by the
Philadelphia Stock Exchange (SR-Phlx-2007-16) regarding rules
pertaining to training requirements and Floor Procedure Advices.
Publication is expected in the Federal Register during the week of
July 23. (Rel. 34-56121)
SECURITIES ACT REGISTRATIONS
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:
. In most cases, this information is also
available on the Commission's website: .
SB-2 SIERRA RESOURCE GROUP INC, 6767 W TROPICANA AVE, STE 207, LAS VEGAS,
NV, 89103, 7022481027 - 3,510,000 ($175,500.00) Equity,
(File 333-144793 - Jul. 24) (BR. 09)
S-3 RCN CORP /DE/, 196 VAN BUREN STREET, HERNDON, VA, 20170, 7034348200 -
0 ($134,065,588.00) Equity, (File 333-144794 - Jul. 24) (BR. 11B)
S-8 VISCOUNT SYSTEMS INC, 4585 TILLICUM STREET, BURNABY, A1, V5J 5K9,
604-327-9446 - 335,510 ($134,204.00) Equity, (File 333-144795 -
Jul. 24) (BR. 11A)
S-3ASR TEREX CORP, 200 NYALA FARM ROAD, WESTPORT, CT, 06880, 2032227170 -
0 ($0.00) Unallocated (Universal) Shelf, (File 333-144796 - Jul. 24)
(BR. 10C)
S-4 STATER BROS HOLDINGS INC, 21700 BARTON RD, COLTON, CA, 92324,
9097835000 - 0 ($285,000,000.00) Non-Convertible Debt,
(File 333-144797 - Jul. 24) (BR. 02B)
S-8 BLUEPHOENIX SOLUTIONS LTD, 8 MASKIT STREET, HERZLIA, L3, 46120,
972-9-9526100 - 139,000 ($1,886,230.00) Equity, (File 333-144798 -
Jul. 24) (BR. 03C)
S-1 Global Consumer Acquisition Corp.,
C/O HAYGROUND COVE ASSET MANAGEMENT LLC,
1370 AVENUE OF THE AMERICAS, 28TH FLOOR, NEW YORK, NY, 10019,
212.445.7800 - 0 ($635,250,100.00) Other, (File 333-144799 - Jul. 24)
(BR. 09A)
F-10EF ZARLINK SEMICONDUCTOR INC, 400 MARCH ROAD, OTTAWA, ONTARIO CANADA, A6,
K2K 3H4, 6135920200 - 0 ($82,646,607.90) Debt, (File 333-144800 -
Jul. 24) (BR. 10C)
S-3 Protalix BioTherapeutics, Inc., 2 SNUNIT ST, SCIENCE PARK, POB 455,
CARMIEL, L3, 21000, 972-4-988-9488 - 0 ($200,000,000.00) Equity,
(File 333-144801 - Jul. 24) (BR. 01C)
S-1 TRANS1 INC, 1800 SIR TYLER DRIVE, SUITE 101, WILMINGTON, NC, 28405,
910-509-3100 - 0 ($80,500,000.00) Equity, (File 333-144802 - Jul. 24)
(BR. 10)
S-8 Osteologix, Inc., 425 MARKET STREET, SUITE 2230, SAN FRANCISCO, CA,
94105, (415) 955-2726 - 2,400,000 ($2,328,000.00) Equity,
(File 333-144803 - Jul. 24) (BR. 01B)
SB-2 Osteologix, Inc., 425 MARKET STREET, SUITE 2230, SAN FRANCISCO, CA,
94105, (415) 955-2726 - 1,988,631 ($1,928,972.00) Equity,
(File 333-144804 - Jul. 24) (BR. 01B)
F-1 WuXi PharmaTech (Cayman) Inc., 288 FUTE ZHONG ROAD,
WAIGAOQIAO FREE TRADE ZONE, SHANGHAI, F4, 200131, 86-21-5046-1111 -
121,338,608 ($197,175,238.00) ADRs/ADSs, (File 333-144806 - Jul. 24)
(BR. 01)
S-8 Bank of Marin Bancorp, 504 REDWOOD BOULEVARD, SUITE 100, NOVATO, CA,
94947, 415-763-7781 - 30,782 ($1,001,030.60) Equity, (File 333-144807 -
Jul. 24) (BR. 07)
S-8 Bank of Marin Bancorp, 504 REDWOOD BOULEVARD, SUITE 100, NOVATO, CA,
94947, 415-763-7781 - 447,582 ($14,555,366.00) Equity,
(File 333-144808 - Jul. 24) (BR. 07)
S-8 Bank of Marin Bancorp, 504 REDWOOD BOULEVARD, SUITE 100, NOVATO, CA,
94947, 415-763-7781 - 500,000 ($16,260,000.00) Equity,
(File 333-144809 - Jul. 24) (BR. 07)
S-8 Bank of Marin Bancorp, 504 REDWOOD BOULEVARD, SUITE 100, NOVATO, CA,
94947, 415-763-7781 - 200,000 ($6,504,000.00) Equity,
(File 333-144810 - Jul. 24) (BR. 07)
S-8 COLUMBIA BANKING SYSTEM INC, 1102 BROADWAY PLAZA, TACOMA, WA, 98402,
2533051900 - 0 ($2,642,091.00) Equity, (File 333-144811 - Jul. 24)
(BR. 07C)
S-3 EMPIRE RESORTS INC, RT 17B, P.O. BOX 5013, MONTICELLO, NY, 12701,
(845) 807-0001 - 3,500,000 ($19,355,000.00) Equity, (File 333-144815 -
Jul. 24) (BR. 05A)
S-8 SECURITY BANK CORP, 4719 FORSYTH RD, MACON, GA, 31210, 4787226200 -
0 ($20,258,057.00) Equity, (File 333-144816 - Jul. 24) (BR. 07A)
F-6 BP PLC, 1 ST JAMES'S SQUARE, LONDON, SW1Y 4PD, X0, 00000,
442074964000 - 0 ($25,000,000.00) ADRs/ADSs, (File 333-144817 -
Jul. 24) (BR. 04B)
S-8 LIVEWORLD INC, 4340 STEVENS CREEK BOULEVARD, SUITE 101, SAN JOSE, CA,
95129, 408-871-5200 - 32,348,545 ($8,588,935.64) Equity,
(File 333-144818 - Jul. 24) (BR. 08B)
S-3ASR COGENT COMMUNICATIONS GROUP INC, 1015 31ST STREET, WASHINGTON, DC,
20007, 2022954200 - 0 ($200,000,000.00) Debt Convertible into Equity,
(File 333-144819 - Jul. 24) (BR. 03A)
S-8 ADA-ES INC, 600,000 ($12,132,000.00) Equity, (File 333-144820 -
Jul. 24) (BR. 06B)
S-8 RUSH ENTERPRISES INC \TX\, 555 IH 35 SOUTH, NEW BRAUNFELS, TX, 78130,
8306265200 - 0 ($54,788,000.00) Equity, (File 333-144821 - Jul. 24)
(BR. 02C)
S-4 M WAVE INC, 216 EVERGREEN ST, BENSENVILLE ILLINOIS, IL, 60106,
6308609542 - 0 ($2,355,000.00) Debt Convertible into Equity,
0 ($7,645,000.00) Equity, (File 333-144822 - Jul. 24) (BR. 10B)
S-8 AUDIOCODES LTD, 1 HAYARDEN STREET, AIRPORT CITY, LOD, ISRAEL, L3,
70151, 97239764000 - 2,500,000 ($16,025,000.00) Equity,
(File 333-144823 - Jul. 24) (BR. 11C)
S-8 VisualMED Clinical Solutions Corp., 1035 LAURIER STREET WEST, MONTREAL,
A8, H2V 2L1, (514) 274-1115 - 6,500,000 ($3,640,000.00) Equity,
(File 333-144824 - Jul. 24) (BR. 03C)
S-8 AUDIOCODES LTD, 1 HAYARDEN STREET, AIRPORT CITY, LOD, ISRAEL, L3,
70151, 97239764000 - 2,000,000 ($12,820,000.00) Equity,
(File 333-144825 - Jul. 24) (BR. 11C)
S-8 DICE HOLDINGS, INC., 3 PARK AVENUE, NEW YORK, NY, 10016, 212-725-6550 -
10,298,279 ($43,661,981.78) Equity, (File 333-144826 - Jul. 24) (BR. 08)
S-8 SunOpta Inc., 2838 BOVAIRD DRIVE WEST, BRAMPTON, A6, L7A 0H2,
(905) 455-1990 - 2,074,960 ($24,816,521.60) Equity, (File 333-144827 -
Jul. 24) (BR. 05C)
S-3ASR KIMBERLY CLARK CORP, 351 PHELPS DRIVE, IRVING, TX, 75038, 9722811200 -
0 ($0.00) Unallocated (Universal) Shelf, (File 333-144828 - Jul. 24)
(BR. 03B)
S-1 US GEOTHERMAL INC, 1509 TYRELL LANE, SUITE B, BOISE, ID, 83706,
208-424-1027 - 11,977,035 ($29,703,046.80) Equity, (File 333-144829 -
Jul. 24) (BR. 02C)
S-3ASR UNITED TECHNOLOGIES CORP /DE/, UNITED TECHNOLOGIES BLDG,
ONE FINANCIAL PLZ, HARTFORD, CT, 06101, 8607287000 -
0 ($0.00) Unallocated (Universal) Shelf, (File 333-144830 - Jul. 24)
(BR. 05C)
S-3 GEORESOURCES INC, 1407 W DAKOTA PKWY, WILLISTON, ND, 58801,
7015722020 - 10,820,406 ($74,336,189.22) Equity, (File 333-144831 -
Jul. 24) (BR. 04B)
S-3 HYUNDAI ABS FUNDING CORP, 10550 TALBERT AVENUE, FOUNTAIN VALLEY, CA,
92708, 7145941579 - 0 ($6,000,000,000.00) Asset-Backed Securities,
(File 333-144832 - Jul. 24) (BR. 05D)
S-1 Claymont Steel Holdings, Inc., 4001 PHILADELPHIA PIKE, CLAYMONT, DE,
19703, 302-792-5400 - 0 ($125,000,000.00) Equity, (File 333-144833 -
Jul. 24) (BR. 06B)
S-1 Capitol Acquisition Corp, 509 7TH STREET, NW, WASHINGTON, DC, 20004,
202-654-7000 - 0 ($402,500,000.00) Equity, (File 333-144834 - Jul. 24)
(BR. )
RECENT 8K FILINGS
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: . In most cases, this information is
also available on the Commission's website: .
STATE
NAME OF ISSUER CODE 8K ITEM NO. DATE COMMENT
-------------------------------------------------------------------------------------------------------
1ST INDEPENDENCE FINANCIAL GROUP, INC DE 8.01,9.01 07/18/07
1st Pacific Bancorp CA 5.02,9.01 07/19/07
ABLE ENERGY INC DE 4.02 07/23/07
ACE LTD D0 2.02,9.01 07/24/07
ACG HOLDINGS INC DE 2.02,8.01,9.01 07/21/07
ACUITY BRANDS INC DE 8.01,9.01 07/23/07
ADOLOR CORP 1.02,5.02,9.01 07/20/07
AEHR TEST SYSTEMS CA 2.02,9.01 07/24/07
AFLAC INC GA 2.02,9.01 07/24/07
AK STEEL HOLDING CORP DE 2.02,9.01 07/24/07
AK STEEL HOLDING CORP DE 7.01,9.01 07/24/07
ALABAMA NATIONAL BANCORPORATION DE 2.02,9.01 07/24/07
ALCAN INC A6 1.01,9.01 07/24/07
ALIGN TECHNOLOGY INC DE 5.02 07/23/07
ALL AMERICAN PET COMPANY, INC. MD 7.01 07/24/07
ALLIANCE FINANCIAL CORP /NY/ NY 2.02,9.01 07/24/07
ALLIED DEFENSE GROUP INC DE 2.03 07/19/07
Allied Nevada Gold Corp DE 9.01 05/10/07 AMEND
Allis Chalmers Energy Inc. DE 5.02,9.01 07/19/07
ALLSTATE LIFE INSURANCE CO 2.02 07/24/07
ALONG MOBILE TECHNOLOGIES INC NV 1.01,9.01 07/09/07
AMAG PHARMACEUTICALS INC. DE 5.03,9.01 07/24/07
AMAZON COM INC DE 2.02,9.01 07/24/07
AMERICAN COMMUNITY PROPERTIES TRUST MD 5.03 07/24/07
American Electric Technologies Inc FL 8.01,9.01 07/18/07
AMERICAN EXPRESS RECEIVABLES FINANCIN DE 8.01,9.01 07/24/07
AMERICAN TOWER CORP /MA/ DE 7.01 07/24/07
AMERICAN WATER STAR INC NV 4.01,9.01 02/01/06 AMEND
AMIS HOLDINGS INC 2.02,9.01 07/24/07
AMSURG CORP TN 2.02,7.01,9.01 07/24/07
AMYLIN PHARMACEUTICALS INC DE 2.02,9.01 07/23/07 AMEND
ANADIGICS INC DE 2.02,9.01 07/24/07
ANIKA THERAPEUTICS INC MA 2.02,9.01 07/24/07
ANIXTER INTERNATIONAL INC DE 2.02,9.01 07/24/07
APA Enterprises, Inc. MN 5.02 07/24/07
APPLIED MATERIALS INC /DE DC 5.02,7.01,9.01 07/23/07
ARADIGM CORP CA 1.01,9.01 07/18/07
Arlington Tankers Ltd. D0 2.02,9.01 07/24/07
ARROW INTERNATIONAL INC PA 1.01,8.01,9.01 07/20/07
ASHFORD HOSPITALITY TRUST INC MD 5.03,8.01,9.01 07/11/07
Asia Automotive Acquisition Corp. DE 5.01 03/31/07
Asia Interactive Media Inc. NV 5.02 07/23/07
ASSURANT INC 5.02 07/18/07
AT&T INC. DE 2.02,9.01 06/30/07
AT&T INC. DE 2.02 06/30/07 AMEND
ATARI INC DE 4.01 07/18/07
ATLANTIC COAST FEDERAL CORP X1 2.02,9.01 07/24/07
AVAYA INC DE 2.02,9.01 07/24/07
AVERY DENNISON CORPORATION DE 2.02,9.01 07/24/07
BANCORPSOUTH INC MS 2.02,9.01 07/23/07
BANK MUTUAL CORP WI 2.02 07/19/07
BankFinancial CORP 5.02,9.01 07/19/07
BARD C R INC /NJ/ NJ 2.02,9.01 07/24/07
BAUSCH & LOMB INC NY 8.01,9.01 07/24/07
Bear Stearns Asset Backed Securities DE 9.01 06/29/07
BECTON DICKINSON & CO NJ 5.02,5.03,7.01,9.01 07/24/07
BERKLEY W R CORP DE 2.02,9.01 07/23/07
BIOANALYTICAL SYSTEMS INC IN 5.02,9.01 06/19/03
BIOCRYST PHARMACEUTICALS INC DE 5.03,9.01 07/18/07
BIOGEN IDEC INC. DE 2.02,9.01 07/24/07
BJ SERVICES CO DE 2.02 07/24/07
BMR SOLUTIONS INC NV 5.02,9.01 07/20/07
BOWATER INC DE 2.02,8.01,9.01 07/24/07
BROOKE CAPITAL CORP KS 5.02 07/20/07
BROWN SHOE CO INC NY 1.01,9.01 07/23/07
BTU INTERNATIONAL INC DE 2.02,9.01 07/24/07
Buckeye GP Holdings L.P. DE 8.01,9.01 07/24/07
BUCKEYE PARTNERS L P DE 1.01,7.01,9.01 07/24/07
BURLINGTON NORTHERN SANTA FE CORP DE 2.02 06/30/07
C H ROBINSON WORLDWIDE INC DE 2.02,9.01 07/24/07
CABOT CORP DE 3.02 07/20/07
CADENCE FINANCIAL CORP MS 2.02,9.01 07/24/07
CAL MAINE FOODS INC DE 2.02,9.01 07/23/07
Calamos Asset Management, Inc. /DE/ 2.02,9.01 07/24/07
CANDELA CORP /DE/ DE 5.02 07/20/07
CAPITAL BANK CORP NC 2.02,9.01 07/24/07
CAPITAL CITY BANK GROUP INC FL 2.02,9.01 07/24/07
CAPITAL RESOURCE FUNDING INC NC 7.01,9.01 07/23/07
CapitalSouth Bancorp DE 2.02,9.01 07/23/07
CARACO PHARMACEUTICAL LABORATORIES LT MI 2.02,9.01 07/20/07
CARTERS INC DE 2.02,2.06,9.01 07/19/07
CASCADE FINANCIAL CORP DE 2.02,9.01 06/30/07
CASCADE MICROTECH INC 2.02,9.01 07/24/07
CAVALIER HOMES INC DE 2.02 07/24/07
CDI CORP PA 5.02 07/18/07
CDW CORP IL 2.02,9.01 07/24/07
CEC ENTERTAINMENT INC KS 2.02,9.01 07/01/07
CEDAR FAIR L P DE 5.02 07/18/07
CENTENE CORP 2.02,9.01 07/23/07
CENTEX CORP NV 2.02,7.01,8.01,9.01 07/24/07
CENTURY ALUMINUM CO DE 2.02,7.01,9.01 07/24/07
CERADYNE INC DE 2.02,9.01 07/24/07
CERNER CORP /MO/ DE 2.02,9.01 07/24/07
CEVA INC DE 2.02,9.01 07/24/07
Chaparral Steel CO DE 5.02,8.01 07/20/07
CHAPEAU INC UT 8.01 07/20/07
CHINA DIGITAL COMMUNICATION GROUP NV 4.02,9.01 07/17/07
China Shenghuo Pharmaceutical Holding 2.02,7.01,9.01 07/23/07
CHUBB CORP NJ 2.02,9.01 07/24/07
CIRRUS LOGIC INC DE 2.01,7.01,9.01 07/24/07
CITIGROUP INC DE 5.02,9.01 07/18/07
CITIZENS FINANCIAL SERVICES INC PA 2.02,9.01 07/24/07
CME GROUP INC. DE 2.02,9.01 07/24/07
CNB BANCORP INC/VA VA 5.03 07/19/07
COAST BANCORP/CA 2.02,9.01 07/24/07
COGNIZANT TECHNOLOGY SOLUTIONS CORP 5.02,9.01 07/18/07
COLONIAL PROPERTIES TRUST AL 1.01,2.03,9.01 06/21/07
COLUMBIA BANKING SYSTEM INC WA 2.01,9.01 07/23/07
COLUMBUS MCKINNON CORP NY 2.02,9.01 07/24/07
COMMERCE BANCORP INC /NJ/ NJ 2.02,9.01 07/24/07
COMMONWEALTH BANKSHARES INC VA 2.02,9.01 06/30/07
Community Bancorp NV 2.02,9.01 07/19/07
COMMUNITY BANK SYSTEM INC DE 5.03,9.01 07/18/07
COMMUNITY WEST BANCSHARES / CA 2.02,9.01 07/24/07
COMPUCREDIT CORP GA 8.01 07/24/07
COMPUTER TASK GROUP INC NY 2.02,9.01 07/24/07
Consolidated Communications Holdings, DE 7.01,9.01 07/24/07
CONSOLIDATED EDISON INC NY 5.02,5.03,9.01 07/19/07
CORN PRODUCTS INTERNATIONAL INC DE 2.02,7.01 07/24/07
COUNTRYWIDE FINANCIAL CORP DE 2.02,9.01 07/24/07
CROSS A T CO RI 2.02 06/30/07
CROWN CASTLE INTERNATIONAL CORP DE 7.01,9.01 07/23/07
CSG SYSTEMS INTERNATIONAL INC DE 2.02,9.01 07/24/07
CYBERONICS INC DE 8.01 07/23/07
CYBEROPTICS CORP MN 2.02,9.01 07/24/07
DELL INC DE 5.02,8.01,9.01 07/18/07
DELPHI FINANCIAL GROUP INC/DE DE 2.02,9.01 07/24/07
Dermisonics, Inc NV 3.02 07/09/07
DIGENE CORP DE 8.01,9.01 07/19/07
Discover Card Execution Note Trust DE 1.01,9.01 07/20/07
DOMINOS PIZZA INC 2.02,9.01 07/24/07
Double-Take Software, Inc. DE 2.02,9.01 07/24/07
DRI CORP NC 7.01,9.01 07/24/07
DUN & BRADSTREET CORP/NW DE 8.01 06/15/07
DUPONT E I DE NEMOURS & CO DE 2.02 07/24/07
DYNAVAX TECHNOLOGIES CORP DE 1.01,2.03,3.02,8.01,9.01 07/18/07
DYNEGY INC. DE 7.01 07/24/07
Eagle Test Systems, Inc. IL 2.02,9.01 07/24/07
EAST PENN FINANCIAL CORP 2.02,9.01 07/23/07
EAST PENN FINANCIAL CORP 8.01,9.01 07/24/07
EAU TECHNOLOGIES, INC. DE 5.02,9.01 05/26/06 AMEND
ECOLAB INC DE 2.02,9.01 07/24/07
EDAC TECHNOLOGIES CORP WI 1.01,2.03,9.01 07/18/07
ELCOM INTERNATIONAL INC DE 5.02,9.01 06/20/07
ELDORADO ARTESIAN SPRINGS INC CO 7.01,9.01 07/24/07
Elite Artz, Inc NV 5.02 07/18/07
EMC CORP MA 2.02,9.01 07/24/07
ENCORE WIRE CORP /DE/ DE 2.02,7.01,9.01 07/24/07
ENDWAVE CORP DE 2.02,9.01 07/24/07
ENERGIZER HOLDINGS INC MO 2.02 07/24/07
ENSCO INTERNATIONAL INC DE 8.01,9.01 07/24/07
ENTECH ENVIRONMENTAL TECHNOLOGIES INC FL 2.01,5.02,9.01 07/23/07
EPIQ SYSTEMS INC MO 2.02,9.01 07/24/07
EQUIFAX INC GA 2.02,9.01 07/23/07
ESCALADE INC IN 5.02,8.01,9.01 07/23/07
EVEREST RE GROUP LTD D0 2.02,9.01 06/30/07
EVERGREEN ENERGY INC DE 2.02,7.01,8.01,9.01 07/24/07
EXCEL TECHNOLOGY INC DE 2.02,9.01 06/29/07
EXELON CORP PA 8.01,9.01 07/24/07
Exousia Advanced Materials, Inc. TX 8.01 07/23/07
EZCORP INC DE 2.02,9.01 07/24/07
FAMILY HEALTHCARE SOLUTIONS INC NV 3.02 07/23/07
FAUQUIER BANKSHARES INC VA 2.02,9.01 07/24/07
Federal Home Loan Bank of Atlanta X1 2.03 07/18/07
Federal Home Loan Bank of Boston X1 2.03 07/18/07
Federal Home Loan Bank of Chicago X1 2.02,9.01 07/24/07
Federal Home Loan Bank of Chicago X1 2.03 07/18/07
Federal Home Loan Bank of Cincinnati X1 2.03,9.01 07/19/07
Federal Home Loan Bank of Des Moines X1 2.03,9.01 07/18/07
Federal Home Loan Bank of Indianapoli X1 2.03,9.01 07/18/07
Federal Home Loan Bank of New York X1 2.03,9.01 07/18/07
Federal Home Loan Bank of Pittsburgh PA 2.03,9.01 07/18/07
Federal Home Loan Bank of San Francis X1 2.03 07/18/07
Federal Home Loan Bank of Seattle 2.03 07/23/07
Federal Home Loan Bank of Topeka 2.03 07/18/07
FIRST BANCORP /NC/ NC 2.02,9.01 07/24/07
FIRST CAPITAL INC IN 2.02,9.01 07/24/07
FIRST CHARTER CORP /NC/ NC 2.02,7.01,9.01 07/23/07
FIRST COMMUNITY BANCSHARES INC /NV/ NV 2.02,9.01 07/24/07
FIRST SECURITY GROUP INC/TN TN 2.02 07/24/07
FIRSTBANK CORP MI 5.02,8.01,9.01 07/24/07
FIRSTCITY FINANCIAL CORP DE 2.02,7.01,9.01 07/24/07
FIRSTMERIT CORP /OH/ OH 2.02,9.01 07/24/07
FIRSTPLUS FINANCIAL GROUP INC NV 1.01,9.01 07/23/07
FLOW INTERNATIONAL CORP WA 5.02,8.01,9.01 07/16/07
FOREFRONT HOLDINGS, INC. FL 5.02 07/20/07
FORWARD AIR CORP TN 2.02,9.01 07/23/07
FOUR OAKS FINCORP INC NC 8.01,9.01 06/24/07
Future Now Group Inc. NV 5.03,7.01,9.01 07/24/07
GALLAGHER ARTHUR J & CO DE 2.02,9.01 07/24/07
GAMETECH INTERNATIONAL INC DE 5.02,9.01 07/23/07
GateHouse Media, Inc. DE 1.02,8.01,9.01 07/23/07
GATEWAY FINANCIAL HOLDINGS INC NC 8.01,9.01 07/24/07
GENERAL MARITIME CORP/ 8.01 07/23/07
Global Cash Access Holdings, Inc. DE 5.02 07/23/07
GLOBAL PARTNERS LP 7.01,9.01 07/24/07
GRAN TIERRA ENERGY, INC. NV 7.01,9.01 07/24/07
GRANT PARK FUTURES FUND LIMITED PARTN IL 7.01 07/20/07
GREENHILL & CO INC 2.02,9.01 07/24/07
GREER BANCSHARES INC SC 2.02,9.01 07/23/07
GS CARBON CORP DE 5.01,5.02 06/30/07
GS Mortgage Securities Trust 2007-GG1 DE 8.01,9.01 07/10/07
GSE SYSTEMS INC DE 8.01 07/24/07
GUARDIAN TECHNOLOGIES INTERNATIONAL I DE 7.01 07/23/07
GULFPORT ENERGY CORP DE 1.01,7.01,9.01 07/20/07
HALF ROBERT INTERNATIONAL INC /DE/ DE 2.02,9.01 07/24/07
HALLIBURTON CO DE 2.02 07/23/07
HANSEN MEDICAL INC 1.01 07/23/07
HARRINGTON WEST FINANCIAL GROUP INC/C 2.02,9.01 07/24/07
HARTE HANKS INC DE 2.02,9.01 07/24/07
HARTFORD FINANCIAL SERVICES GROUP INC DE 1.01,9.01 07/23/07
HARTFORD LIFE INSURANCE CO CT 9.01 07/24/07
HEALTHCARE ACQUISITION CORP DE 8.01,9.01 07/19/07
HEALTHSTREAM INC TN 1.01,2.02,2.03,7.01,9.01 07/23/07
Henry Bros. Electronics, Inc. DE 3.01,9.01 07/24/07
HERCULES INC DE 2.02,8.01,9.01 07/24/07
HESKA CORP DE 2.02,9.01 06/30/07
HILLENBRAND INDUSTRIES INC IN 8.01 07/24/07
HINES REAL ESTATE INVESTMENT TRUST IN 1.01 07/11/07
HOKU SCIENTIFIC INC DE 2.02,9.01 07/24/07
HOME FEDERAL BANCORP IN 2.02,9.01 07/24/07
HUTTON HOLDINGS CORP NV 5.02 07/20/07
ICAGEN INC DE 8.01,9.01 07/24/07
IDEX CORP /DE/ DE 2.02,9.01 07/24/07
ILLUMINA INC DE 2.02,9.01 07/24/07
IMAGIN MOLECULAR CORP DE 9.01 07/24/07
INDEPENDENT BANK CORP MI 1.01,9.01 07/19/07
INDEPENDENT BANK CORP /MI/ MI 2.02,7.01,9.01 07/24/07
INNOVATIVE CARD TECHNOLOGIES INC DE 5.02 07/24/07
INNOVO GROUP INC DE 5.02,9.01 07/23/07
InPlay Technologies, Inc. NV 5.02,9.01 07/24/07
INTERCONTINENTALEXCHANGE INC 1.02 07/18/07
InterDigital, Inc. PA 7.01,9.01 07/24/07
INTEREP NATIONAL RADIO SALES INC NY 5.02,9.01 07/12/07
Intermec, Inc. DE 8.01 07/18/07
IXYS CORP /DE/ DE 5.02 07/20/07
J P MORGAN CHASE & CO DE 9.01 07/20/07
JACOBS ENGINEERING GROUP INC /DE/ DE 2.02,9.01 07/23/07
JAGGED PEAK, INC. NV 7.01,9.01 07/24/07
Jayhawk Energy, Inc. CO 8.01 07/23/07
JETBLUE AIRWAYS CORP DE 2.02,9.01 07/24/07
JETBLUE AIRWAYS CORP DE 7.01,9.01 07/24/07
JONES LANG LASALLE INC MD 2.02,9.01 07/24/07
Juniper Partners Acquisition Corp. DE 7.01,9.01 07/23/07
KELLY SERVICES INC DE 2.02,2.05,9.01 07/24/07
KENTUCKY BANCSHARES INC /KY/ KY 2.02,9.01 07/24/07
KIMBERLY CLARK CORP DE 9.01 07/24/07
KINGS ROAD ENTERTAINMENT INC DE 5.02,5.03,9.01 07/21/07
KOHLS CORPORATION WI 5.02,9.01 07/24/07
LABORATORY CORP OF AMERICA HOLDINGS DE 2.02 07/24/07
LABORATORY CORP OF AMERICA HOLDINGS DE 7.01 07/24/07
LABRANCHE & CO INC DE 2.02,9.01 07/24/07
LAM RESEARCH CORP DE 2.02,9.01 07/24/07
LANDEC CORP \CA\ CA 2.02,9.01 07/24/07
LEADIS TECHNOLOGY INC DE 2.02,9.01 07/24/07
LEGG MASON INC MD 2.02,9.01 07/24/07
LEHMAN BROTHERS HOLDINGS INC DE 9.01 07/19/07
LEHMAN BROTHERS HOLDINGS INC DE 9.01 07/19/07
LENOX GROUP INC DE 1.01,9.01 07/19/07
LEXMARK INTERNATIONAL INC /KY/ DE 2.02,9.01 07/24/07
LIBERTY BANCORP INC 2.02,9.01 07/20/07
LIBERTY PROPERTY TRUST MD 2.02,9.01 07/24/07
LIBERTY PROPERTY TRUST MD 1.01,7.01,9.01 07/23/07
LIBERTY STAR URANIUM & METALS CORP. NV 7.01 07/13/07
LILLY ELI & CO IN 2.02,9.01 07/24/07
LINCARE HOLDINGS INC DE 2.02,9.01 07/23/07
LOCKHEED MARTIN CORP MD 2.02,9.01 07/24/07
LOGICVISION INC DE 2.02,9.01 07/24/07
LOUD TECHNOLOGIES INC WA 5.02 07/22/07
LUCAS ENERGY, INC. NV 3.02 07/20/07
LUMINENT MORTGAGE CAPITAL INC 2.02,9.01 07/23/07 AMEND
MACE SECURITY INTERNATIONAL INC DE 2.01,9.01 07/20/07
MACHINETALKER INC DE 8.01,9.01 07/20/07
MACKINAC FINANCIAL CORP /MI/ MI 2.02,9.01 07/24/07
MANHATTAN ASSOCIATES INC GA 2.02,5.02,9.01 07/19/07
Manhattan Bancorp CA 4.01,9.01 05/24/07
MARTEN TRANSPORT LTD DE 2.02,9.01 06/30/07
MASSBANK CORP DE 2.02,9.01 07/23/07
MATERIAL TECHNOLOGIES INC /CA/ DE 5.02 07/24/07
MATRIXX INITIATIVES INC DE 2.02,9.01 07/23/07
MATTHEWS INTERNATIONAL CORP PA 7.01,9.01 07/23/07
MAXIM INTEGRATED PRODUCTS INC DE 5.02 07/18/07
MAXIMUS INC VA 8.01,9.01 07/24/07
MAXWELL TECHNOLOGIES INC DE 5.02 07/23/07
MCDONALDS CORP DE 2.02,9.01 07/24/07
MCDONALDS CORP DE 5.02,9.01 07/24/07
MCGRAW-HILL COMPANIES INC NY 2.02,7.01,9.01 07/24/07
MCGRAW-HILL COMPANIES INC NY 2.02,7.01,9.01 07/24/07 AMEND
MDU RESOURCES GROUP INC DE 2.02,7.01,9.01 07/24/07
MEDICINOVA INC DE 7.01,9.01 07/24/07
MENTOR CORP /MN/ MN 5.02 07/19/07
Mercantile Bancorp, Inc. DE 8.01,9.01 07/24/07
MESA ROYALTY TRUST/TX TX 2.02,9.01 07/24/07
MICROISLET INC NV 4.01,9.01 07/18/07
MILLENNIUM QUEST INC DE 5.03,9.01 07/23/07
ML MACADAMIA ORCHARDS L P DE 1.01 07/19/07
Morgans Hotel Group Co. DE 8.01,9.01 07/19/07
MSTI Holdings, Inc. DE 2.01,8.01,9.01 07/18/07
MUELLER INDUSTRIES INC DE 2.02,9.01 07/24/07
NASB FINANCIAL INC MO 8.01 07/24/07
NBT BANCORP INC DE 2.02,9.01 07/23/07
NETLOGIC MICROSYSTEMS INC 2.02,5.02,5.03,9.01 07/18/07
NETWORK CN INC DE 5.02,9.01 07/23/07
Network Communications, Inc. GA 2.02,9.01 07/23/07
NEVADA CHEMICALS INC UT 8.01,9.01 07/24/07
NEWMONT MINING CORP /DE/ DE 5.02 07/18/07
NEXTPHASE WIRELESS, INC. NV 7.01 07/23/07
NITCHES INC CA 2.02,9.01 07/24/07
NORTHROP GRUMMAN CORP /DE/ DE 2.02,9.01 07/24/07
NORTHWEST BANCORP INC PA 2.02,9.01 07/23/07
NORTHWEST BANCORPORATION INC WA 2.02 07/24/07
NUCO2 INC /FL FL 5.02 07/23/07
NUTRI SYSTEM INC /DE/ DE 2.02,7.01,9.01 07/24/07
NYSE Euronext DE 5.02 07/18/07
O A K FINANCIAL CORP MI 2.02,9.01 07/23/07
OCCIDENTAL PETROLEUM CORP /DE/ DE 2.02,8.01,9.01 07/24/07
OCEAN SHORE HOLDING CO X1 2.02,9.01 07/24/07
OMNICOM GROUP INC NY 2.02,7.01,9.01 07/24/07
ON THE GO HEALTHCARE INC 3.02,5.03 07/18/07
ORION ETHANOL, INC KS 5.02 07/18/07
PACCAR INC DE 2.02,9.01 07/24/07
PACIFIC STATE BANCORP 2.02,9.01 07/19/07
PAIN THERAPEUTICS INC DE 1.01,2.03 07/18/07
PAINCARE HOLDINGS INC CT 2.01,9.01 07/16/07
PARKE BANCORP, INC. NJ 2.02,9.01 07/24/07
PARTNERRE LTD 2.02,9.01 07/23/07
PEABODY ENERGY CORP DE 2.02,9.01 07/24/07
PENN VIRGINIA CORP VA 5.02,5.03,9.01 07/23/07
PENTAIR INC MN 2.02,9.01 07/24/07
PeopleSupport, Inc. DE 5.02 07/23/07
PEPSICO INC NC 2.02,9.01 07/24/07
PERVASIVE SOFTWARE INC DE 2.02,9.01 07/24/07
PFF BANCORP INC DE 2.02,9.01 06/30/07
PHASE FORWARD INC DE 2.02,9.01 07/24/07
Pinnacle Gas Resources, Inc. DE 5.02,9.01 07/19/07
PLANTRONICS INC /CA/ DE 2.02,7.01,9.01 06/30/07
PLATINUM ENERGY RESOURCES INC DE 1.01,9.01 07/18/07
POGO PRODUCING CO DE 2.02,8.01,9.01 07/24/07
PORTFOLIO RECOVERY ASSOCIATES INC DE 2.02,9.01 07/24/07
PSB HOLDINGS INC /WI/ WI 2.02,9.01 07/24/07
PURE BIOFUELS CORP NV 8.01,9.01 07/23/07
QCR HOLDINGS INC DE 2.02 07/24/07
QUEST DIAGNOSTICS INC DE 2.02,9.01 07/24/07
RAFAELLA APPAREL GROUP,INC. DE 5.02 07/18/07
RAINMAKER SYSTEMS INC CA 1.01,2.01,3.02,7.01,9.01 07/19/07
RAYONIER INC NC 2.02,9.01 07/24/07
Real Paper Displays Inc 5.02 07/20/07
Reliance Bancshares, Inc. MO 8.01,9.01 07/18/07
Republic Property Trust MD 1.01,8.01,9.01 07/23/07
RESOURCE AMERICA INC DE 1.01,9.01 07/18/07
RF MICRO DEVICES INC NC 2.02 06/30/07
ROHM & HAAS CO DE 2.02,9.01 07/24/07
ROWAN COMPANIES INC DE 7.01,9.01 07/23/07
ROYAL BANCSHARES OF PENNSYLVANIA INC PA 2.02,9.01 07/19/07
ROYAL GOLD INC DE 8.01,9.01 07/19/07
RYERSON INC. DE 1.01,8.01,9.01 07/24/07
SAIA INC DE 2.02,9.01 07/24/07
SANGAMO BIOSCIENCES INC DE 2.02,9.01 07/24/07
Santa Lucia Bancorp CA 2.02,5.02,8.01,9.01 07/23/07
SCHNITZER STEEL INDUSTRIES INC OR 1.01,9.01 07/20/07
SCOTTISH RE GROUP LTD E9 5.02,9.01 07/18/07
SCRIPPS E W CO /DE OH 2.02,9.01 07/24/07
SEABRIGHT INSURANCE HOLDINGS INC 2.02,9.01 07/24/07
Security Capital Assurance Ltd D0 2.02,9.01 07/23/07
SEMITOOL INC MT 2.02,9.01 07/24/07
SEMOTUS SOLUTIONS INC NV 3.03,9.01 07/20/07
SHORE FINANCIAL CORP VA 8.01 07/23/07
SILICON STORAGE TECHNOLOGY INC CA 4.02,9.01 07/23/07
Silver State Bancorp 8.01,9.01 07/19/07
SIMPSON MANUFACTURING CO INC /CA/ DE 1.01,9.01 07/23/07
SIONIX CORP NV 1.01,3.02 07/18/07
SKECHERS USA INC DE 2.02,9.01 07/24/07
SL GREEN REALTY CORP MD 2.02,7.01,8.01,9.01 07/23/07
SLM Student Loan Trust 2007-5 DE 1.01,2.01,9.01 07/19/07
SMALL BUSINESS CO DE 1.01,3.02,9.01 07/13/07
SMITH INTERNATIONAL INC DE 2.02,9.01 07/24/07
SOCKET COMMUNICATIONS INC DE 2.02,9.01 06/30/07
SOMERSET HILLS BANCORP NJ 2.02,5.02,9.01 07/19/07
SONIC SOLUTIONS/CA/ CA 8.01,9.01 07/23/07
SONIC SOLUTIONS/CA/ CA 5.02 07/19/07
Southern Heritage Bancshares, Inc. TN 2.06,7.01,9.01 07/24/07
Southern National Bancorp of Virginia VA 2.02,9.01 07/19/07
SPAN AMERICA MEDICAL SYSTEMS INC SC 2.02,9.01 07/24/07
STANLEY WORKS CT 2.02,9.01 07/24/07
STATE BANCORP INC NY 8.01 07/18/07
STEEL DYNAMICS INC IN 2.02,9.01 07/23/07
STERLING BANCSHARES INC TX 2.02,9.01 07/24/07
STERLING FINANCIAL CORP /WA/ WA 8.01,9.01 07/23/07
STRATUS PROPERTIES INC DE 1.01 07/19/07
SUPERTEX INC CA 9.01 07/24/07
SUPERVALU INC DE 2.02,9.01 07/24/07
SUSQUEHANNA BANCSHARES INC PA 2.02,9.01 07/24/07
SVB FINANCIAL GROUP 2.05 07/18/07 AMEND
SYNOVUS FINANCIAL CORP GA 2.02,7.01,8.01,9.01 07/24/07
SYNTEC BIOFUEL INC WA 2.03 07/18/07
Synthenol Inc FL 2.03 07/18/07
TAUBMAN CENTERS INC MI 2.02,9.01 07/24/07
TCF FINANCIAL CORP DE 2.02,9.01 07/24/07
TELEFLEX INC DE 7.01,8.01,9.01 07/23/07
TELKONET INC 3.02 07/18/07
TERABEAM, INC. DE 1.01,2.02,3.02,8.01,9.01 07/19/07
TERRA ENERGY & RESOURCE TECHNOLOGIES, DE 1.01,9.01 07/23/07
THEATER XTREME ENTERTAINMENT GROUP, I FL 1.01,3.02,5.01,9.01 07/19/07
THORNBURG MORTGAGE INC MD 5.03,9.01 07/19/07
TIDEWATER INC DE 8.01,9.01 07/24/07
Timberline Resources Corp 1.01,2.01,2.03,3.02,8.01,9.01 07/18/07
Timberline Resources Corp 1.01,2.01,3.02,8.01,9.01 07/19/07
TOTAL SYSTEM SERVICES INC GA 8.01,9.01 07/24/07
TRANSWITCH CORP /DE DE 2.02,9.01 07/24/07
TRIMBLE NAVIGATION LTD /CA/ CA 8.01 07/24/07
UAL CORP /DE/ DE 2.02,9.01 07/24/07
UIL HOLDINGS CORP CT 5.02,8.01,9.01 07/24/07
UMB FINANCIAL CORP MO 2.02,5.03,9.01 07/24/07
UNISYS CORP DE 2.02,9.01 06/30/07
UNITED COMMUNITY BANKS INC GA 2.02,9.01 07/24/07
UNITED RENTALS INC /DE DE 1.01,9.01 07/22/07
UNITED STATES STEEL CORP DE 2.02,9.01 07/24/07
UNIVERSAL STAINLESS & ALLOY PRODUCTS DE 2.02,9.01 07/24/07
UNIVERSAL TECHNICAL INSTITUTE INC DE 2.01,9.01 07/18/07
US DRY CLEANING CORP DE 5.02,9.01 07/18/07
USA TECHNOLOGIES INC PA 5.03 07/18/07
USG CORP DE 2.02,9.01 07/24/07
UTAH MEDICAL PRODUCTS INC UT 2.02 07/24/07
UTSTARCOM INC DE 2.02,9.01 07/24/07
UTSTARCOM INC DE 8.01 07/24/07
uWink, Inc. UT 8.01,9.01 07/24/07
VALENCE TECHNOLOGY INC DE 3.02,9.01 07/19/07
VCG HOLDING CORP CO 5.02,7.01,9.01 07/18/07
VERIZON COMMUNICATIONS INC DE 8.01 07/19/07
VERTEX PHARMACEUTICALS INC / MA MA 2.02,9.01 07/24/07
Vestin Realty Mortgage I, Inc. 8.01,9.01 07/23/07
Vestin Realty Mortgage II, Inc 8.01,9.01 07/23/07
VIEWSONIC CORP DE 5.02,9.01 07/18/07
VISTA GOLD CORP 9.01 05/10/07 AMEND
Vocus, Inc. DE 2.02,9.01 07/24/07
WAKO LOGISTICS GROUP INC 4.01,9.01 07/19/07
WASTE CONNECTIONS INC/DE DE 7.01 07/24/07
WASTE SERVICES, INC. A6 2.02,9.01 06/30/07
WATERS CORP /DE/ DE 2.02,9.01 07/24/07
WATSCO INC FL 2.02,9.01 07/24/07
WAUSAU PAPER CORP. WI 2.02,9.01 07/24/07
WEBSENSE INC DE 2.02,9.01 07/24/07
WEBSTER FINANCIAL CORP DE 2.02,7.01,9.01 07/24/07
WESTERN PLAINS ENERGY LLC KS 8.01 07/17/07
Western Union CO DE 2.02,9.01 07/24/07
WESTMORELAND COAL CO DE 5.03,9.01 07/18/07
WHITNEY HOLDING CORP LA 2.02,9.01 06/30/07
WHX CORP DE 1.01 07/18/07
WILSHIRE ENTERPRISES INC DE 8.01,9.01 07/24/07
Wright Express CORP 1.01,2.03 07/18/07
WSB Financial Group, Inc. WA 2.02,7.01 07/24/07
WWA GROUP INC NV 4.01,9.01 07/12/07
XL CAPITAL LTD 2.02,9.01 07/24/07
XM SATELLITE RADIO HOLDINGS INC DE 5.02,9.01 07/24/07
XTO ENERGY INC DE 2.02 07/24/07
YADKIN VALLEY FINANCIAL CORP NC 2.02,9.01 07/24/07
ZENITH NATIONAL INSURANCE CORP DE 2.02,9.01 07/24/07
ZHONE TECHNOLOGIES INC DE 2.02,9.01 07/24/07
http://www.sec.gov/news/digest/2007/dig072507.htm
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