Agencies Seek Comment on Proposed Rule on Incentive Compensation
Federal financial regulatory agencies request public comment on a joint proposed rule to ensure that regulated financial institutions design their incentive compensation arrangements to take account of risk.
The proposed rule, which is being issued pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act, would apply to certain financial institutions with more than $1 billion in assets. It also contains heightened standards for the largest of these institutions.
In prohibiting incentive compensation arrangements that could encourage inappropriate risks, the proposal would require compensation practices at regulated financial institutions to be consistent with three key principles--that incentive compensation arrangements should appropriately balance risk and financial rewards, be compatible with effective controls and risk management, and be supported by strong corporate governance. The proposed rule complements guidance previously issued by the agencies, including guidance on sound incentive compensation policies issued by the banking agencies last year.
The agencies are proposing that financial institutions with $1 billion or more in assets be required to have policies and procedures to ensure compliance with the requirements of the rule, and submit an annual report to their federal regulator describing the structure of their incentive compensation arrangements. The agencies are proposing that larger financial institutions, generally those with $50 billion or more in assets, defer at least 50 percent of the incentive compensation of certain officers for at least three years and that the amounts ultimately paid reflect losses or other aspects of performance over time. For purposes of credit unions, large financial institutions would be defined as those with $10 billion or more in assets. The FHFA proposed that the income-deferral provisions apply to all entities it regulates, regardless of size.
The agencies request public comments on the proposed rule within 45 days of its publication in the Federal Register, which is expected soon. (Press Rel. 2011-77)
SEC Proposes Rules Requiring Listing Standards for Compensation Committees and Compensation Consultants
The Securities and Exchange Commission today voted unanimously to propose rules directing the national securities exchanges to adopt certain listing standards related to the compensation committee of a company’s board of directors as well as its compensation advisers, as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act.
The SEC’s proposal also would require new disclosures from companies concerning their use of compensation consultants and conflicts of interest.
In particular, the proposal requires the “listing standards” to address the independence of the members on a compensation committee, the committee’s authority to retain compensation advisers, and the committee’s responsibility for the appointment, payment and work of any compensation adviser.
Once an exchange’s new listing standards are in effect, a listed company must meet these standards in order for its shares to continue trading on that exchange.
Public comments on the rule proposal should be received by April 29, 2011. (Press Rel. 2011-78)
In the Matter of Accesstel, Inc.
An Administrative Law Judge has issued an Order Making Findings and Revoking Registrations by Default (Default Order) in Accesstel, Inc., Admin. Proc. No. 3-14287. The Order Instituting Proceedings alleged that Respondents repeatedly failed to file required annual and quarterly reports while their securities were registered with the Securities and Exchange Commission. The Default Order finds these allegations to be true and revokes the registrations of each class of registered securities of Accesstel, Inc., American Asset Management Corp., DME Interactive Holdings, Inc., DocuPort, Inc., and iCarbon Corp., pursuant to Section 12(j) of the Securities Exchange Act of 1934. (Rel. 34-64146; File No. 3-14287)
Commission Revokes Registration of Securities of Eurogas, Inc. for Failure to Make Required Periodic Filings
On March 30, 2011, the Commission revoked the registration of each class of registered securities of Eurogas, Inc. (EUGS) for failure to make required periodic filings with the Commission.
Without admitting or denying the findings in the Order, except as to jurisdiction, which it admitted, EUGS consented to the entry of an Order Making Findings and Revoking Registration of Securities Pursuant to Section 12(j) of the Securities Exchange Act of 1934 as to Eurogas, Inc. finding that it had failed to comply with Section 13(a) of the Securities Exchange Act of 1934 (Exchange Act) and Rules 13a-1 and 13a-13 thereunder and revoking the registration of each class of EUGS’s securities pursuant to Section 12(j) of the Exchange Act. This Order settled the charges brought against EUGS in In the Matter of AdAl Group, Inc., et al., Administrative Proceeding File No. 3-14289.
Brokers and dealers should be alert to the fact that Exchange Act Section 12(j) provides, in pertinent part, as follows:
For further information see Order Instituting Administrative Proceedings and Notice of Hearing Pursuant to Section 12(j) of the Securities Exchange Act of 1934, In the Matter of AdAl Group, Inc., et al., Administrative Proceeding File No. 3-14289, Exchange Act Release No. 64063 (March 9, 2011). (Rel. 34-64147; File No. 3-14289)
In the Matter of Isaac I. Ovid
On March 30, 2011, the Commission issued an Order Instituting Administrative Proceedings Pursuant to Section 203(f) of the Investment Advisers Act of 1940, Making Findings, and Imposing Remedial Sanctions (Order) against Isaac I. Ovid (Ovid). The Order finds that Ovid was the Chief Executive Officer of Jadis Capital, Inc. (Jadis Capital), a New York corporation. Jadis Capital was the sole owner of Jadis Investments, LLC (Jadis Investments), a Delaware limited liability company and Uniondale, Long Island-based investment adviser registered with the Commission.
The Order further finds that Ovid pled guilty to conspiracy to commit securities fraud, in violation of Title 18 United States Code, Section 371 before the United States District Court for the Eastern District of New York. On August 30, 2010, a judgment was entered against Ovid. He was sentenced to a prison term of 60 months followed by three years of supervised release and ordered to make restitution in the amount of $12,334,614.41.
Based on the above, the Order bars Ovid from association with any investment adviser. Ovid consented to the issuance of the Order without admitting or denying any of the findings in the Order, except for the Commission’s jurisdiction over him and the subject matter of the proceedings and his criminal conviction, which he admitted. (Rel. IA-3182; File No. 3-14313)
Court Enters Final Judgments By Consent Against Two Defendants in Fraudulent Bond Funding Scheme
On March 28, 2011, the Honorable Nancy F. Atlas of the United States District Court for the Southern District of Texas entered two final judgments in a civil action involving Navigators International Management Co., Ltd., a Bahamian corporation. Navigators, without admitting or denying the Commission's allegations, consented to entry of a Final Judgment that (i) enjoins it from violating Sections 5 and 17(a) of the Securities Act of 1933 (Securities Act), and Section 10(b) of the Securities Exchange Act of 1934 (Exchange Act) and Rule 10b-5 thereunder, and (ii) finds the corporation liable for payment of $45,000 under Securities Act Section 20(d) and Exchange Act Section 21(d)(3). James R. Spurger, the company's former president, without admitting or denying the Commission's allegations, consented to entry of a Final Judgment that (i) enjoins him from violating Securities Act Sections 5 and 17(a), and Exchange Act Sections 10(b) and 15(a), and Rule 10b-5 thereunder, and (ii) finds him liable for payment of $25,000 under Securities Act Section 20(d) and Exchange Act Section 21(d)(3).
According to the Commission's complaint, Navigators, its officers, and persons acting on their behalf, solicited investors to participate in an unregistered and fraudulent bond funding program. Investors were promised returns of 67% or more and were assured that their principal was safe and collateralized. The complaint alleged that investors' funds were not safe and collateralized and that none of the investors received a return of principal or payment of the promised profits.
The litigation against Benjamin R. Young, the remaining defendant named in the complaint, is continuing. [SEC v. Navigators International Management Co., Ltd., James R. Spurger and Benjamin W. Young, Jr., Case No.07-cv-04518 (S.D. Texas)] (LR-21908)
SEC Obtains Permanent Injunction Against Tennessee Investment Adviser
The Securities and Exchange Commission (Commission) announced today that the Honorable Thomas W. Phillips, United States District Court Judge for the Eastern District of Tennessee, entered a judgment against LandOak Securities, LLC (LandOak Securities) and Patrick L. Martin (Martin). The judgment restrained and enjoined LandOak Securities and Martin from future violations of Sections 204, 206(1),(2) and(4), and 207 of the Investment Advisers Act of 1940 (Advisers Act) [15 U.S.C. §§ 80b-4, b-6(1), (2) & (4), and 80b-7] and Rule 206(4)-2 and 204-2 thereunder [17 C.F.R. §§ 275.206(4)-2 and 275.204-2]. LandOak Securities and Martin also were ordered to pay disgorgement in the amount of $880,512.16, plus prejudgment interest thereon in the amount of $111,628.38. The judgment further provides that if the parties cannot agree on whether a civil penalty should be imposed or the amount of any such civil penalty, the Commission may file a motion requesting that the Court determine the civil penalty and for purposes of that motion, the allegations of the Commission’s Complaint shall be deemed true. LandOak Securities and Martin consented to the entry of the order without admitting or denying the allegations of the Commission’s Complaint.
The Complaint, filed on May 22, 2008, alleged that between July 1997 and July 1998, Martin and his co-defendant Michael A. Atkins (Atkins) offered and sold to investors approximately $3.6 million in promissory notes and membership interests in LandOak Mortgage, LLC (LandOak Mortgage), a Tennessee entity they founded and controlled. According to the Complaint, thirteen of the approximately thirty-five investors in LandOak Mortgage were also LandOak Securities advisory clients, who together invested a total of $1.8 million in LandOak Mortgage. As represented to investors at the time of the offering, LandOak Mortgage loaned the raised funds to LandOak Development, LLC (LandOak Development), another Tennessee entity partly owned by Martin and Atkins. According to the Complaint, LandOak Development used the funds to purchase and develop commercial property, but when LandOak Development repaid those funds, Martin and Atkins misappropriated over $2.8 million of funds due to LandOak Mortgage investors. In July 2002, Martin and Atkins misappropriated over $1.5 million from LandOak Mortgage’s bank account and diverted the funds to Atmospheric Glow Technologies, Inc., a public company in which each owned a substantial interest and were both members of its board of directors. Further, the Complaint alleged that Martin and LandOak Securities made false statements in LandOak Securities’ Commission filings and failed to maintain certain required advisory books and records. [SEC v. LandOak Securities, LLC, et al., Civil Action No. 3:08CV209 (E.D.TN)] (LR-21909)
SEC Charges South Florida Man and Woman in $30 Million Ponzi Scheme
The Securities and Exchange Commission today charged two South Florida residents for conducting a $30 million Ponzi scheme with funds primarily raised by offering and selling unregistered investment contracts and promissory notes to hundreds of investors nationwide from 2005 until the summer of 2007.
The SEC alleges that James Clements and Zeina Smidi of Plantation, Florida, through the companies they jointly controlled: MRT, LLC; MRT Holdings, LTD; and Maximum Return Transaction, LLC, collectively “MRT”; operated a Ponzi scheme that offered investors guaranteed monthly returns as high as 11%.
The SEC complaint alleges that from 2005 until the end of 2006, MRT, Clements and Smidi told investors that MRT used investor proceeds to trade foreign currencies. In June 2007, Clements told account managers that MRT would no longer trade foreign currencies. Clements and Smidi instead claimed that they wanted MRT’s money working with the best Swiss banks and advisors, allowing investors to roll over their existing investment and make future ones into a fixed rate account with a one-year holding period that earned up to 25% annually or a high-yield savings account that earned up to 15% annually.
The SEC alleges that MRT’s claims were baseless and fraudulent and Clements and Smidi actually operated a Ponzi scheme with investors’ monies. Further, Clements and Smidi also siphoned approximately $3 million of MRT investor monies to their personal bank accounts and paid out approximately $3 million for travel, expenses, and luxury items.
The SEC’s complaint charges Clements with violating Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933, and Sections 10(b) and 15(a) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. The SEC’s complaint charges Smidi with violating Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. The SEC seeks a permanent injunction, sworn accounting, disgorgement of ill-gotten gains with prejudgment interest, and a civil money penalty against Clements and Smidi.
The SEC appreciates the assistance in this matter by the State of Florida Office of Financial Regulation. . [SEC v. James Clements and Zeina Smidi, Civil Action No. 11-cv-60673-LSS, (S.D. Fla.)] (LR-21910)
Immediate Effectiveness of Proposed Rule Changes
A proposed rule change filed by NASDAQ OMX PHLX (SR-Phlx-2011-37) relating to complex order fees 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 April 4, 2011. (Rel. 34-64137)
A proposed rule change filed by NASDAQ OMX PHLX relating to Inactive Nominees and dividend and merger strategy definitions (SR-Phlx-2011-32) 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 April 4, 2011. (Rel. 34-64141)
Proposed Rule Change
The NASDAQ Stock Market filed a proposed rule change (SR-NASDAQ-2011-037) under Section 19(b)(1) of the Securities Exchange Act of 1934 modifying Chapter VI, Section 8 of the Exchange’s rules. Publication is expected in the Federal Register during the week of April 4, 2011. (Rel. 34-64143)
The following registration statements have been filed with the SEC under the Securities Act of 1933. The reported information appears as follows: Form, Name, Address and Phone Number (if available) of the issuer of the security; Title and the number and/or face amount of the securities being offered; Name of the managing underwriter or depositor (if applicable); File number and date filed; Assigned Branch; and a designation if the statement is a New Issue.
Registration statements may be viewed in person in the Commission's Public Reference Branch at 100 F Street, N.E., Washington, D.C. To obtain paper copies, please refer to information on the Commission's Web site at http://www.sec.gov/answers/publicdocs.htm. In most cases, you can view and download this information by using the search function located at http://www.sec.gov/edgar/searchedgar/companysearch.html.
S-3 ASR AMARIN CORP PLC\UK, FIRST FLOOR, BLOCK 3, THE OVAL,, SHELBOURNE ROAD, BALLSBRIDGE, DUBLIN, L2, 00000, 353 1 6699 020 - 0 ($0.00) Unallocated (Universal) Shelf, (File 333-173132 - Mar. 29) (BR. 01A) S-4 TUTOR PERINI Corp, 15901 OLDEN STREET, SYLMAR, CA, 91342, 818-362-8391 - 0 ($300,000,000.00) Debt, (File 333-173133 - Mar. 29) (BR. 06B) S-8 China Tel Group Inc, 12520 HIGH BLUFF ROAD, SUITE 145, SAN DIEGO, CA, 92130, 858-259-6614 - 423,077 ($82,500.00) Equity, (File 333-173134 - Mar. 29) (BR. 11A) S-3 ASR Verisk Analytics, Inc., 545 WASHINGTON BOULEVARD, JERSEY CITY, NJ, 07310-1686, 201-469-2000 - 0 ($0.00) Other, (File 333-173135 - Mar. 29) (BR. 03B) S-8 BP PLC, 1 ST JAMES'S SQUARE, LONDON, SW1Y 4PD, X0, 00000, 442074964000 - 360,000 ($2,724,084.00) Equity, (File 333-173136 - Mar. 29) (BR. 04B) S-1 Guardian 8 Holdings, 11900 COLLEGE BLVD, SUITE 204, OVERLAND PARK, KS, 66210, 9133178887 - 13,401,144 ($3,350,286.00) Equity, (File 333-173142 - Mar. 29) (BR. 11C) S-8 Zoom Telephonics, Inc., 207 SOUTH STREET, BOSTON, MA, 02111, 617-423-1072 - 2,900,000 ($1,395,660.00) Equity, (File 333-173143 - Mar. 29) (BR. 11C) S-3 CURRENCYSHARES CANADIAN DOLLAR TRUST, C/O RYDEX INVESTMENTS, ATTN: TIM MEYER, 9601 BLACKWELL ROAD, SUITE 500, ROCKVILLE, MD, 20850, 301-296-5129 - 0 ($506,375,000.00) Other, (File 333-173145 - Mar. 29) (BR. 08B) S-8 GAP INC, TWO FOLSOM STREET, SAN FRANCISCO, CA, 94105, 6509524400 - 0 ($546,250.00) Equity, (File 333-173146 - Mar. 29) (BR. 09A) S-3 ASR MEMC ELECTRONIC MATERIALS INC, 501 PEARL DRIVE (CITY OF O'FALLON), ST. PETERS, MO, 63376, 6364745000 - 2,729,921 ($2,108,102.00) Equity, (File 333-173147 - Mar. 29) (BR. 10B) S-3 IGI LABORATORIES, INC, 105 LINCOLN AVENUE, BUENA, NJ, 08310, 6096971441 - 6,263,633 ($10,021,812.80) Equity, (File 333-173148 - Mar. 29) (BR. 01A) F-3 ASR Banco Santander, S.A., NEW YORK BRANCH, 45 EAST 53RD STREET, NEW YORK, NY, 10022, 2124505098 - 0 ($0.00) Unallocated (Universal) Shelf, (File 333-173149 - Mar. 29) (BR. 07A) S-3 ASR WABASH NATIONAL CORP /DE, 1000 SAGAMORE PARKWAY SOUTH, LAFAYETTE, IN, 47905, 7657715310 - 0 ($0.00) Debt, 0 ($0.00) Equity, 0 ($0.00) Other, (File 333-173150 - Mar. 29) (BR. 05C) S-8 Bio-Solutions Corp., 14517, JOSEPH MARC VERMETTE, MIRABEL, A8, J7J 1X2, 888-686-2611 - 20,000,000 ($1,300,000.00) Equity, (File 333-173152 - Mar. 29) (BR. 04C)
Form 8-K is used by companies to file current reports on the following events:
8-K reports may be viewed in person in the Commission's Public Reference Branch at 100 F Street, N.E., Washington, D.C. To obtain paper copies, please refer to information on the Commission's Web site at http://www.sec.gov/answers/publicdocs.htm. In most cases, you can view and download this information by using the search function located at http://www.sec.gov/edgar/searchedgar/companysearch.html.
STATE NAME OF ISSUER CODE 8K ITEM NO. DATE COMMENT A.C. Moore Arts & Crafts, Inc. PA 2.02,7.01,9.01 03/29/11 AbitibiBowater Inc. DE 5.02 03/23/11 ACACIA RESEARCH CORP DE 1.01,9.01 03/24/11 Access to Money, Inc. OR 2.02,9.01 03/29/11 ADA-ES INC CO 7.01,9.01 03/29/11 ADCARE HEALTH SYSTEMS INC OH 1.01,2.02,8.01,9.01 03/29/11 ALBANY INTERNATIONAL CORP /DE/ DE 5.02,9.01 03/25/11 Alliance Holdings GP, L.P. DE 8.01,9.01 03/29/11 ALTAIR NANOTECHNOLOGIES INC 1.01,7.01,9.01 03/28/11 AMERICAN ELECTRIC POWER CO INC NY 7.01 03/29/11 AMERICAN MEDICAL ALERT CORP NY 2.02,9.01 03/29/11 AMERICAN SCIENTIFIC RESOURCES INC NV 1.01,2.03,3.02,5.03, 02/16/11 5.07,9.01 AMERICAN TELSTAR INC NV 4.01,9.01 03/25/11 AMERIGO ENERGY, INC. DE 4.02 03/29/11 AMERIGO ENERGY, INC. DE 8.01,9.01 03/29/11 AMERIGO ENERGY, INC. DE 4.01,8.01,9.01 03/29/11 AMEND AMP Holding Inc. NV 7.01,9.01 03/24/11 ANDAIN, INC. NV 1.01,1.02,3.02,9.01 03/29/11 Anthera Pharmaceuticals Inc DE 1.01,2.03,3.02,9.01 03/25/11 AP PHARMA INC /DE/ DE 2.02,9.01 03/28/11 Apextalk Holdings Inc DE 2.01,9.01 03/25/11 APOLLO GROUP INC AZ 2.02,5.02,8.01,9.01 03/24/11 Apple REIT Ten, Inc. VA 2.01,9.01 03/25/11 ARENA PHARMACEUTICALS INC DE 1.01,3.02,9.01 03/28/11 ARES CAPITAL CORP MD 7.01,9.01 03/29/11 ARGENTEX MINING CORP DE 3.02 03/25/11 Art Design, Inc. CO 4.01,9.01 03/28/11 ART DIMENSIONS, INC. CO 4.01,9.01 03/28/11 ASSURANCEAMERICA CORP NV 5.02,9.01 03/25/11 AT&T INC. DE 5.02,9.01 03/04/11 AMEND AUTODESK INC DE 5.02,5.03,9.01 03/23/11 AXESSTEL INC NV 2.02,9.01 03/29/11 AXIS CAPITAL HOLDINGS LTD 7.01,9.01 03/29/11 Bacterin International Holdings, Inc. DE 2.02,9.01 03/28/11 BANK OF HAWAII CORP DE 5.02 03/25/11 BARRETT BUSINESS SERVICES INC MD 4.02 03/11/11 AMEND BERKSHIRE HILLS BANCORP INC 8.01,9.01 03/28/11 BEST BUY CO INC MN 7.01 03/26/11 BIO RAD LABORATORIES INC DE 5.02 03/23/11 BioMed Realty Trust Inc MD 8.01,9.01 03/23/11 Blackwater Midstream Corp. 1.01,8.01,9.01 03/28/11 BOSTON BEER CO INC MA 8.01 03/24/11 BRIDGE BANCORP INC NY 8.01,9.01 03/29/11 BROADWIND ENERGY, INC. DE 5.02,8.01,9.01 03/25/11 Bullion Monarch Mining, Inc. (NEW) UT 5.02,9.01 03/24/11 CALGON CARBON CORPORATION DE 7.01,9.01 03/29/11 CAMDEN NATIONAL CORP ME 8.01,9.01 03/29/11 CAMERON INTERNATIONAL CORP DE 2.02,9.01 03/29/11 CAMPBELL ALTERNATIVE ASSET TRUST DE 8.01 03/29/11 Capstone Therapeutics Corp. DE 8.01,9.01 03/29/11 Cardiogenesis Corp /CA CA 1.01,3.03,8.01,9.01 03/28/11 CB RICHARD ELLIS REALTY TRUST MD 1.01,2.01,2.03,8.01, 12/17/10 AMEND 9.01 Chanticleer Holdings, Inc. 7.01,9.01 03/24/11 CHARMING SHOPPES INC PA 5.02,9.01 03/23/11 CHARMING SHOPPES INC PA 5.02,9.01 03/23/11 CHEROKEE INC DE 5.02 03/23/11 CHICAGO RIVET & MACHINE CO IL 2.02,9.01 03/28/11 CHINA GENGSHENG MINERALS, INC. NV 8.01,9.01 03/29/11 China Intelligent Lighting & Electron DE 4.01,4.02,5.02,7.01, 03/23/11 8.01,9.01 China MediaExpress Holdings, Inc. DE 4.01,4.02,9.01 03/11/11 AMEND China TransInfo Technology Corp. NV 2.02,7.01,9.01 03/29/11 CHUGACH ELECTRIC ASSOCIATION INC AK 5.02 03/23/11 CITIGROUP INC DE 9.01 03/29/11 Clean Energy Fuels Corp. DE 1.01,9.01 03/25/11 Coleman Cable, Inc. DE 1.01,9.01 03/28/11 COMMUNICATION INTELLIGENCE CORP DE 2.02,9.01 03/29/11 COSI INC DE 2.02,7.01,9.01 03/28/11 CRYOLIFE INC FL 1.01,8.01,9.01 03/28/11 CUI Global, Inc. CO 4.02 03/28/11 CVR ENERGY INC DE 7.01 03/29/11 Cyalume Technologies Holdings, Inc. DE 5.02 03/25/11 Cyalume Technologies Holdings, Inc. DE 8.01 03/28/11 CYBERMESH INTERNATIONAL CORP. 1.01,9.01 03/28/11 CYBERONICS INC DE 5.02,9.01 03/29/11 CYTEC INDUSTRIES INC/DE/ DE 8.01 03/29/11 Daedalus Ventures, Inc. DE 5.01,5.02,9.01 03/29/11 DCP Midstream Partners, LP DE 7.01 03/29/11 dELiAs, Inc. DE 1.01,5.02,8.01,9.01 03/24/11 DIAMOND HILL INVESTMENT GROUP INC OH 8.01,9.01 03/29/11 DigitalPost Interactive, Inc. NV 1.02,8.01 03/23/11 Domtar CORP DE 2.05,9.01 03/29/11 DOVER SADDLERY INC 2.02,7.01,9.01 03/29/11 Dresser-Rand Group Inc. DE 7.01 03/29/11 DUOYUAN PRINTING, INC. WY 3.01,9.01 03/24/11 EDUCATION MANAGEMENT CORPORATION 3.01,5.02 03/28/11 EL PASO CORP/DE DE 8.01,9.01 03/29/11 ELEPHANT TALK COMMUNICATIONS INC CA 7.01,9.01 03/04/11 EMCORE CORP NJ 8.01 03/28/11 Emrise CORP DE 2.02,7.01,9.01 03/29/11 ENDURANCE SPECIALTY HOLDINGS LTD 7.01,9.01 03/29/11 EnerSys DE 1.01,1.02,2.03,8.01, 03/29/11 9.01 EPOCRATES INC DE 2.02,9.01 03/29/11 EVANS BOB FARMS INC DE 1.01,2.03,9.01 03/29/11 FBR CAPITAL MARKETS CORP VA 5.02 03/24/11 Federal Home Loan Bank of Atlanta X1 2.03 03/29/11 Federal Home Loan Bank of Boston X1 2.03 03/24/11 Federal Home Loan Bank of Chicago X1 2.03 03/23/11 Federal Home Loan Bank of Cincinnati X1 2.03,9.01 03/25/11 Federal Home Loan Bank of Des Moines X1 2.03,9.01 03/25/11 Federal Home Loan Bank of Indianapoli X1 2.03,9.01 03/29/11 Federal Home Loan Bank of New York X1 2.03,9.01 03/23/11 Federal Home Loan Bank of Pittsburgh PA 2.03,9.01 03/23/11 Federal Home Loan Bank of San Francis X1 2.03 03/23/11 Federal Home Loan Bank of Seattle 2.03 03/23/11 Federal Home Loan Bank of Topeka 2.03,9.01 03/23/11 FIDELITY D & D BANCORP INC PA 5.02,9.01 03/23/11 FIRST DEFIANCE FINANCIAL CORP OH 1.01,8.01,9.01 03/23/11 FIRST POTOMAC REALTY TRUST MD 3.02,8.01 03/25/11 FLATBUSH FEDERAL BANCORP INC 1.01,9.01 03/28/11 FOOT LOCKER INC NY 5.02,9.01 03/23/11 FORTUNE BRANDS INC DE 8.01 03/29/11 FUELCELL ENERGY INC DE 5.02,9.01 03/25/11 FUQI INTERNATIONAL, INC. DE 3.01,7.01,9.01 03/28/11 Fushi Copperweld, Inc. NV 4.02 03/24/11 GAMETECH INTERNATIONAL INC DE 3.01,9.01 03/23/11 Gaming Partners International CORP NV 2.02,9.01 03/29/11 GENCO SHIPPING & TRADING LTD 2.01,9.01 03/29/11 GENERAL EMPLOYMENT ENTERPRISES INC IL 5.07 03/24/11 GENESCO INC TN 7.01 03/29/11 GENSPERA INC DE 7.01 03/28/11 GENWORTH FINANCIAL INC DE 2.02,9.01 03/29/11 Global Aviation Holdings Inc. DE 1.01,2.03,3.03,7.01, 03/29/11 9.01 Global Cash Access Holdings, Inc. DE 5.02,9.01 03/29/11 Global Pharm Holdings Group, Inc. DE 4.02,9.01 03/29/11 GLOBALSCAPE INC DE 2.02,9.01 03/29/11 Great Spirits Inc 4.01,9.01 02/01/11 Great Wolf Resorts, Inc. DE 1.01,1.02 03/23/11 Growth Technologies International, In NV 5.03 02/15/11 GULFMARK OFFSHORE INC DE 7.01,9.01 03/29/11 GULFMARK OFFSHORE INC DE 5.02 03/24/11 H & H Imports, Inc. FL 5.02 03/23/11 HANCOCK HOLDING CO MS 8.01,9.01 03/25/11 HEALTHCARE TRUST OF AMERICA, INC. MD 2.02,9.01 03/29/11 HealthSpring, Inc. DE 1.01,9.01 03/24/11 HERITAGE FINANCIAL CORP /WA/ WA 8.01,9.01 03/24/11 HERLEY INDUSTRIES INC /NEW DE 5.01,5.02 03/25/11 HSW International, Inc. DE 2.02,9.01 03/29/11 HUNT J B TRANSPORT SERVICES INC AR 2.03,9.01 03/28/11 HYPERDYNAMICS CORP DE 1.01,9.01 03/25/11 ICAD INC DE 2.02,9.01 03/23/11 ICO Global Communications (Holdings) DE 5.01,9.01 03/23/11 IKANOS COMMUNICATIONS CA 1.01,2.03 03/25/11 Imperial Holdings, Inc. 2.02,9.01 03/29/11 INDUSTRIAL SERVICES OF AMERICA INC /F FL 2.02,9.01 03/28/11 INSMED INC VA 8.01,9.01 03/29/11 INSPIRE PHARMACEUTICALS INC DE 8.01 03/29/11 INTEGRAL SYSTEMS INC /MD/ MD 5.02 03/23/11 INTERNAP NETWORK SERVICES CORP DE 5.02,5.03,9.01 03/24/11 INTERNATIONAL PAPER CO /NEW/ NY 1.01,8.01,9.01 03/29/11 International Stem Cell CORP 4.01,9.01 03/25/11 IRVINE SENSORS CORP/DE/ DE 3.02 03/22/11 IVANHOE ENERGY INC 7.01,9.01 03/28/11 IVT SOFTWARE INC 1.01,2.01,3.02,5.01, 12/28/10 AMEND 5.02,5.03,5.06,8.01, 9.01 JABIL CIRCUIT INC DE 5.02,7.01,9.01 03/24/11 JACKSONVILLE BANCORP INC /FL/ FL 2.02,9.01 03/29/11 James River Coal CO VA 1.01,2.03,9.01 03/23/11 KEYW HOLDING CORP MD 8.01 03/14/11 KLEVER MARKETING INC DE 4.01 03/29/11 AMEND KNIGHT TRANSPORTATION INC AZ 4.01,9.01 03/23/11 Koppers Holdings Inc. PA 1.01,9.01 03/25/11 KRATOS DEFENSE & SECURITY SOLUTIONS, DE 1.01,2.01,2.03,9.01 03/25/11 L & L ENERGY, INC. NV 9.01 03/29/11 LANDEC CORP \CA\ CA 2.02,9.01 03/29/11 LANDMARK LAND CO INC/DE DE 5.02 03/29/11 LENNAR CORP /NEW/ DE 2.02,9.01 03/29/11 Lightwave Logic, Inc. NV 7.01,9.01 03/29/11 Lightyear Network Solutions, Inc. NV 3.02 03/28/11 LIVEDEAL INC NV 5.02,9.01 03/24/11 LOCAL.COM DE 1.02,9.01 03/23/11 LRAD Corp DE 8.01 03/24/11 Macquarie CNL Global Income Trust, In MD 1.01,2.03,9.01 03/24/11 Magnolia Solar Corp NV 2.02,8.01,9.01 03/29/11 MAINLAND RESOURCES INC. 7.01,9.01 03/29/11 MAM SOFTWARE GROUP, INC. DE 1.01,3.02,8.01 03/25/11 MARKWEST ENERGY PARTNERS L P 7.01,9.01 03/29/11 MCCORMICK & CO INC MD 2.02,9.01 03/29/11 MCG CAPITAL CORP DE 1.02 03/29/11 MEMC ELECTRONIC MATERIALS INC DE 8.01,9.01 03/29/11 MEMC ELECTRONIC MATERIALS INC DE 8.01 03/29/11 MENTOR GRAPHICS CORP OR 8.01,9.01 03/29/11 MID AMERICA APARTMENT COMMUNITIES INC TN 7.01,9.01 03/29/11 MIDAMERICAN ENERGY CO IA 7.01,9.01 03/29/11 MIDAMERICAN ENERGY HOLDINGS CO /NEW/ IA 7.01,9.01 03/29/11 MIDWEST BANC HOLDINGS INC DE 1.03 03/24/11 MIMEDX GROUP, INC. FL 2.02,9.01 03/28/11 Mount Knowledge Holdings, Inc. NV 9.01 03/29/11 AMEND MS STRUCTURED ASSET CORP CBT SERIES 2 DE 8.01,9.01 03/25/11 Myrexis, Inc. DE 2.05,5.02,8.01,9.01 03/17/11 National Automation Services Inc NV 1.01,9.01 03/25/11 NAUTILUS, INC. WA 1.01 03/23/11 NEAH POWER SYSTEMS, INC. NV 3.02 03/09/11 NEW ENERGY SYSTEMS GROUP NV 2.02,9.01 03/29/11 NEW ENERGY TECHNOLOGIES, INC. 7.01,9.01 03/29/11 NII HOLDINGS INC DE 1.01,2.03,9.01 03/24/11 NORCRAFT COMPANIES LP 2.02,9.01 03/29/11 NOVADEL PHARMA INC DE 2.02,9.01 03/29/11 NYTEX Energy Holdings, Inc. DE 8.01,9.01 03/29/11 OCCIDENTAL PETROLEUM CORP /DE/ DE 7.01,9.01 03/28/11 ONCURE HOLDINGS INC 5.02 03/23/11 OXFORD INDUSTRIES INC GA 2.02,9.01 03/29/11 P&F INDUSTRIES INC DE 2.02,4.02,9.01 03/28/11 PACIFICORP /OR/ OR 7.01,9.01 03/29/11 PALMDALE EXECUTIVE HOMES, CORP. NV 4.01,9.01 03/25/11 PAM TRANSPORTATION SERVICES INC DE 5.02 03/23/11 PATHFINDER BANCORP INC DE 8.01,9.01 03/24/11 PATRIOT NATIONAL BANCORP INC CT 2.01,9.01 03/24/11 PENSECO FINANCIAL SERVICES CORP PA 5.02 03/25/11 PHARMOS CORP NV 5.02 03/29/11 PHOTRONICS INC CT 1.01,2.03,8.01,9.01 03/28/11 PINNACLE AIRLINES CORP DE 5.02,9.01 03/24/11 PINNACLE DATA SYSTEMS INC OH 1.01,1.02,2.03,9.01 03/24/11 PINNACLE ENTERTAINMENT INC. DE 5.02,8.01,9.01 03/28/11 PIONEER POWER SOLUTIONS, INC. DE 5.02 03/24/11 PLAINS EXPLORATION & PRODUCTION CO DE 1.01,9.01 03/24/11 Portlogic Systems Inc. NV 4.01 12/30/10 PPL Corp 1.01,2.03,9.01 03/25/11 Prime Sun Power Inc NV 5.03,9.01 03/18/11 PrimeCare Systems, Inc. DE 8.01 03/29/11 PRIMUS TELECOMMUNICATIONS GROUP INC DE 5.02,8.01,9.01 03/23/11 PURE BIOSCIENCE, INC. DE 5.02 03/25/11 RADIANT SYSTEMS INC GA 5.02 03/23/11 RCLC, INC. NJ 7.01,9.01 03/23/11 REALNETWORKS INC WA 5.02,9.01 03/28/11 REALTY INCOME CORP MD 1.01,2.03 03/25/11 RESPONSE GENETICS INC 2.02,9.01 03/29/11 REX AMERICAN RESOURCES Corp DE 2.02,9.01 03/29/11 RF MONOLITHICS INC /DE/ DE 2.02,9.01 03/29/11 ROME BANCORP INC DE 8.01,9.01 03/28/11 RURAL/METRO CORP /DE/ DE 1.01,3.03,8.01,9.01 03/28/11 RURBAN FINANCIAL CORP OH 2.02,2.06 03/29/11 SANUWAVE Health, Inc. NV 2.02,9.01 03/28/11 SCOLR Pharma, Inc. DE 4.02 03/24/11 SCOLR Pharma, Inc. DE 2.02,9.01 03/29/11 SEALY CORP DE 2.02,9.01 03/29/11 Shire plc 8.01,9.01 03/29/11 SILVER BUTTE Co. NV 1.01,2.01,3.02,5.01, 01/12/11 AMEND 5.02,5.03,5.06,9.01 Silver Dragon Resources Inc. DE 7.01,9.01 03/29/11 SOLIGENIX, INC. DE 2.02,9.01 03/29/11 Somaxon Pharmaceuticals, Inc. DE 8.01 03/29/11 SORL Auto Parts Inc DE 7.01,9.01 03/29/11 SPECTRUM CONTROL INC PA 1.01,2.02,5.02,9.01 03/27/11 SPECTRUM CONTROL INC PA 5.02,9.01 03/27/11 AMEND SRA INTERNATIONAL INC DE 5.02,9.01 03/23/11 Stewart & Stevenson LLC DE 2.01 03/24/11 STONEMOR PARTNERS LP DE 2.02,9.01 03/29/11 Strategic Storage Trust, Inc. MD 9.01 11/23/10 AMEND Strategic Storage Trust, Inc. MD 9.01 12/16/10 AMEND Summit Hotel Properties, Inc. MD 1.02,2.04,8.01 03/23/11 SUN HEALTHCARE GROUP INC DE 7.01,9.01 03/29/11 SUNESIS PHARMACEUTICALS INC DE 2.02,9.01 03/29/11 Sunstone Hotel Investors, Inc. MD 2.02,9.01 03/29/11 Sunstone Hotel Investors, Inc. MD 1.01,9.01 03/29/11 SUNWIN INTERNATIONAL NEUTRACEUTICALS, 7.01,9.01 03/29/11 SUPERTEL HOSPITALITY INC VA 1.01,9.01 03/29/11 TAYLOR CAPITAL GROUP INC DE 3.02,5.03,5.07,8.01, 03/25/11 9.01 TC Global, Inc. 1.01,5.02,9.01 03/24/11 TENET HEALTHCARE CORP NV 8.01 03/28/11 TENNECO INC DE 1.01,2.03,9.01 03/25/11 THOMAS GROUP INC DE 5.02,9.01 03/15/11 THOR INDUSTRIES INC DE 8.01,9.01 03/25/11 TIBCO SOFTWARE INC DE 2.02,9.01 03/29/11 TIME WARNER INC. DE 8.01,9.01 03/10/11 TPC Group Inc. DE 5.02 03/28/11 TRANSATLANTIC HOLDINGS INC DE 5.02,9.01 03/23/11 TRI COUNTY FINANCIAL CORP /MD/ MD 8.01,9.01 03/25/11 Tri-Tech Holding, Inc. E9 8.01,9.01 03/29/11 TRICO MARINE SERVICES INC DE 7.01,9.01 03/29/11 UNICO AMERICAN CORP NV 2.02 03/29/11 United American Petroleum Corp. NV 7.01,8.01,9.01 03/28/11 United States 12 Month Natural Gas Fu 7.01,9.01 03/29/11 United States 12 Month Oil Fund, LP 7.01,9.01 03/29/11 United States Brent Oil Fund, LP DE 7.01,9.01 03/29/11 United States Commodity Index Funds T DE 7.01,9.01 03/29/11 United States Gasoline Fund, LP DE 7.01,9.01 03/29/11 United States Heating Oil Fund, LP DE 7.01,9.01 03/29/11 United States Natural Gas Fund, LP 7.01,9.01 03/29/11 United States Oil Fund, LP DE 7.01,9.01 03/29/11 United States Short Oil Fund, LP DE 7.01,9.01 03/29/11 UNITIL CORP NH 5.02,7.01,9.01 03/24/11 UNIVERSAL HEALTH SERVICES INC DE 5.02 03/25/11 UNIWELL ELECTRONIC Corp 1.02 03/26/11 Vantage Health NV 5.06 03/29/11 AMEND Vaughan Foods, Inc. OK 1.01,2.03 03/28/11 Verisk Analytics, Inc. DE 8.01,9.01 03/29/11 Verisk Analytics, Inc. DE 7.01 03/29/11 VIAD CORP DE 5.02,9.01 03/23/11 WABASH NATIONAL CORP /DE DE 5.02,8.01,9.01 03/28/11 Walker & Dunlop, Inc. MD 2.02,9.01 03/29/11 WASHINGTON FEDERAL INC WA 5.02,9.01 03/28/11 WELLS CORE OFFICE INCOME REIT INC 2.02,9.01 03/16/11 WELLS FARGO & CO/MN DE 8.01 03/24/11 WELLS FARGO & CO/MN DE 9.01 03/29/11 WELLS REAL ESTATE INVESTMENT TRUST II MD 8.01,9.01 03/29/11 Western Gas Partners LP DE 1.01,1.02,2.03,9.01 03/24/11 WET SEAL INC DE 8.01,9.01 03/23/11 WHITE MOUNTAIN TITANIUM CORP NV 1.01,3.02 03/29/11 Wilber CORP 8.01 03/25/11 Wilber CORP 8.01 03/25/11 AMEND Willdan Group, Inc. DE 2.02,9.01 03/29/11 Willow Creek Enterprises Inc. 8.01,9.01 03/28/11 WPCS INTERNATIONAL INC DE 1.01,9.01 03/28/11 XcelMobility Inc. NV 5.03,8.01,9.01 03/29/11 Zalicus Inc. DE 8.01,9.01 03/29/11 ZOOM TECHNOLOGIES INC DE 2.02,9.01 03/29/11 ZORAN CORP \DE\ DE 8.01,9.01 03/28/11