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U.S. Securities and Exchange Commission

SEC News Digest

Issue 2011-143
July 26, 2011

Commission Announcements

SEC Adopts Large Trader Reporting Regime

The Securities and Exchange Commission today voted unanimously to adopt a new rule establishing large trader reporting requirements to enhance the agency’s ability to identify large market participants, collect information on their trading, and analyze their trading activity.

The new rule requires large traders to identify themselves to the SEC, which will then assign each trader a unique identification number. Large traders will provide this number to their broker-dealers, who will be required to maintain transaction records for each large trader and report that information to the SEC upon request.

“May 6 dramatically demonstrated the need to enhance the SEC’s ability to quickly and accurately analyze market events. The large trader reporting rule will significantly bolster our ability to oversee the U.S. securities markets in a time when trades can be transacted in milliseconds or faster,” said SEC Chairman Mary L. Schapiro. “This new rule will enable us to promptly and efficiently identify significant market participants and collect data on their trading activity so that we can reconstruct market events, conduct investigations, and bring enforcement actions as appropriate.”

The new rule has two primary components:

  • First, it requires large traders to register with the Commission through a new form, Form 13H.
  • Second, it imposes recordkeeping, reporting, and limited monitoring requirements on certain registered broker-dealers through whom large traders execute their transactions.

The new rule will be effective 60 days after its publication in the Federal Register. (Press Rel. 2011-154)

SEC Adopts New Short Form Criteria to Replace Credit Ratings

The Securities and Exchange Commission today voted unanimously to adopt new rules in light of the Dodd-Frank Wall Street Reform and Consumer Protection Act to remove credit ratings as eligibility criteria for companies seeking to use “short form” registration when registering securities for public sale.

Forms S-3 and F-3 are the “short forms” used by eligible issuers to register securities offerings under the Securities Act. Companies that qualify for these short forms can offer securities “off the shelf” or on an expedited basis.

Companies can currently qualify to use these forms if they are registering an offering of non-convertible securities, such as debt securities, that have received an investment grade rating by at least one nationally recognized statistical rating organization (NRSRO).

The new rules eliminate the credit ratings criteria and replace it with four new tests, one of which must be satisfied for an issuer to use Form S-3 or Form F-3. In order to ease transition for companies, the rules include a temporary, three-year grandfather provision.

“This action is part of our effort to reduce reliance on credit ratings, as the Dodd-Frank Act requires all financial regulators to do,” said SEC Chairman Mary L. Schapiro.  “The new rules provide an appropriate and workable alternative to credit ratings for determining whether an issuer should be able to use short form registration and have access to the shelf offering process.” (Press Rel. 2011-155)

SEC Re-Proposes New Shelf Eligibility Requirements for Asset-Backed Securities

The Securities and Exchange Commission today voted unanimously to re-propose for public comment some rules requiring greater accountability and enhanced quality around asset-backed securities (ABS) when issuers seek to use an expedited registration process known as shelf registration.

The SEC initially proposed rules in April 2010 to significantly revise the regulatory regime for ABS. Subsequent to that proposal, the Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law and addressed some of the same ABS concerns. In light of those Dodd-Frank Act provisions and comments received from the public, the SEC re-evaluated its initial proposals.

“It is very important that we move forward with our new registration and reporting rules for the asset-backed securities market, but we also want to make sure we get it right,” said SEC Chairman Mary L. Schapiro. “This re-proposal will help us solicit the input and constructive comments we need to finalize this critically important project to protect investors in asset-backed securities.”

Public comments are due 60 days after publication of the re-proposed rules in the Federal Register. (Press Rel. 2011-156)

Enforcement Proceedings

Securities and Exchange Commission Orders Hearing on Registration Suspension or Revocation Against Ten Public Companies for Failure to Make Required Periodic Filings

On July 25, 2011, the Commission instituted public administrative proceedings to determine whether to revoke or suspend for a period not exceeding twelve months the registrations of each class of the securities of ten companies for failure to make required periodic filings with the Commission:

  • Circle Fine Art Corp.
  • Coachman, Inc.
  • Coachman Inns Income Ltd. Partnership
  • Columbia Western, Inc.
  • Comet Software International, Inc.
  • Commonwealth Industries Corp.
  • Comstock Industries, Inc.
  • Concentration, Inc.
  • Concordia Paper Holdings, Ltd.
  • ConnectAJet.com, Inc. (f/k/a Source Venture Capital, Inc.)

In this Order, the Division of Enforcement (Division) alleges that the ten issuers are delinquent in their required periodic filings with the Commission.

In this proceeding, instituted pursuant to Exchange Act Section 12(j), a hearing will be scheduled before an Administrative Law Judge. At the hearing, the Administrative Law Judge will hear evidence from the Division and the Respondents to determine whether the allegations of the Division contained in the Order, which the Division alleges constitute failures to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 thereunder, are true. The Administrative Law Judge in the proceeding will then determine whether the registrations pursuant to Exchange Act Section 12 of each class of the securities of these Respondents should be revoked or suspended for a period not exceeding twelve months. The Commission ordered that the Administrative Law Judge in this proceeding issue an initial decision not later than 120 days from the date of service of the order instituting proceedings. (Rel. 34-64959; File No. 3-14487)

Commission Revokes Registration of Securities of I2corp.Com (f/k/a PCG Media, Inc.) for Failure to Make Required Periodic Filings

On July 26, 2011, the Commission revoked the registration of each class of registered securities of i2corp.com (f/k/a PCG Media, Inc.) (i2corp.com) 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, i2corp.com 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 i2corp.com (f/k/a PCG Media, 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 i2corp.com’s securities pursuant to Section 12(j) of the Exchange Act. This Order settled the proceedings brought against i2corp.com in In the Matter of Interactive Telesis, Inc., et al., Administrative Proceeding File No. 3-14452.

Brokers and dealers should be alert to the fact that Exchange Act Section 12(j) provides, in pertinent part, as follows:

No member of a national securities exchange, broker, or dealer shall make use of the mails or any means or instrumentality of interstate commerce to effect any transaction in, or to induce the purchase or sale of, any security the registration of which has been and is suspended or revoked . . . .

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 Interactive Telesis, Inc., et al., Administrative Proceeding File No. 3-14452, Exchange Act Release No. 64810, July 5, 2011. (Rel. 34-64960; File No. 3-14452)

In the Matter of William K. Harrison

On July 26, 2011, the Commission issued an Order Instituting Administrative Proceedings Pursuant to Section 15(b) of the Securities Exchange Act of 1934 and Section 203(f) of the Investment Advisers Act of 1940, Making Findings, and Imposing Remedial Sanctions (Order) against William K. Harrison (Harrison). The Order finds that Harrison was associated with Wachovia Securities, Inc. (Wachovia) as a registered representative from 2003 until his resignation on October 13, 2008. While at Wachovia, Harrison held Series 7 and 63 licenses. On April 15, 2011, a judgment was entered by consent against Harrison, permanently enjoining him from future violations of Section 17(a) of the Securities Act of 1933 (“Securities Act”) [15 U.S.C. 77 q(a)], Section 10(b) of the Exchange Act [15 U.S.C. 78j(b)] and Rule 10b-5 thereunder [17 C.F.R. 240.10b-5], and Sections 206(1), 206(2), and 206(4) of the Advisers Act [15 U.S.C. 80b-6(1), (2), & (4)] and Rule 206(4)-8, thereunder [17 C.F.R. 275.206(4)-8], in the civil action entitled Securities and Exchange Commission v. William K. Harrison, et al., Civil Action Number 3:10-cv-00634, in the United States District Court for the Western District of North Carolina.

The Order finds that the Commission’s complaint alleged the following facts: Between approximately December 2007 and October 2008, Harrison used misrepresentations and omissions of material fact to defraud at least forty-two Wachovia brokerage customers of at least $8 million in customer funds. On or around December 2007, Harrison began offering his Wachovia customers an investment opportunity outside of Wachovia through an advisory firm he owned. Harrison misrepresented to customers who became advisory clients that the investment opportunity was guaranteed to make a 35% return, with no risk of loss of principal. In those instances when investors were informed that their monies would be used for trading options, Harrison misrepresented to the riskiness of his trading strategy by telling investors that he had a foolproof approach to trading options and that their principal investment was secure and would make handsome returns regardless of market volatility. Harrison pooled his customers’ funds in an account opened with optionsXpress, Inc. (optionsXpress) in Harrison’s wife’s name or in a joint account with optionsXpress in the name of Harrison and his wife. Clients of the advisory firm Harrison worked through also placed assets in the pooled vehicle based on misrepresentations. So as to not draw attention to his conduct, Harrison placed “limited trading authorizations” and other related documentation associated with his scheme in the name of Harrison’s wife. Although the trading strategy that Harrison employed was initially successful, it soon resulted in substantial investor losses. By October 2008, he had depleted the vast majority of the money he had raised from investors. On October 13, 2008, Harrison submitted to Wachovia a resignation letter in which he confessed to “misdirecting” $6.6 million from 17 of his Wachovia customers in order to trade online. He also admitted that he had conducted this online trading without first securing the authorization of these 17 individuals.

Based on the above, the Order bars Harrison from association with any broker, dealer, investment adviser, municipal securities dealer, municipal advisor, transfer agent, or nationally recognized statistical rating organization and from participating in any offering of a penny stock, including: acting as a promoter, finder, consultant, agent or other person who engages in activities with a broker, dealer or issuer for purposes of the issuance or trading in any penny stock, or inducing or attempting to induce the purchase or sale of any penny stock. Harrison consented to the issuance of the Order without admitting or denying any of the findings in the Order, except he admitted the entry of the injunction. (Rel. 34-64965; IA-3252; File No. 3-14488)

Self-Regulatory Organizations

Immediate Effectiveness of Proposed Rule Changes

A proposed rule change filed by Chicago Stock Exchange (SR-CHX-2011-19) to clarify the application of the Fee Schedule to certain transactions of, and services to, CHX Participants and make certain rate changes 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 25. (Rel. 34-64953)

A proposed rule change filed by The NASDAQ Stock Market relating to the Proprietary Trader examination (SR-NASDAQ-2011-095) has become effective pursuant to Section 19(b)(3)(A) of the Securities Exchange Act of 1934. Publication is expected in the Federal Register during the week of July 25. (Rel. 34-64958)

Proposed Rule Changes

The Financial Industry Regulatory Authority filed a proposed rule change (SR-FINRA-2010-036) pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 to amend Rule 12104 of the Code of Arbitration Procedure for Customer Disputes (Customer Code) and Rule 13104 of the Code of Arbitration Procedure for Industry Disputes (Industry Code) to broaden arbitrators’ authority to make referrals during an arbitration proceeding. Publication is expected in the Federal Register during the week of July 25. (Rel. 34-64954)

The Fixed Income Clearing Corporation filed a proposed rule change (SR-FICC-2011-05) under Section 19(b)(1) of the Securities Exchange Act of 1934 to amend the rules regarding the GCF Repo Service to adopt changes recommended by the Tri-Party Repo Infrastructure Reform Task Force. Publication is expected in the Federal Register during the week of July 25. (Rel. 34-64955)

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 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-1     Proto Labs Inc, 5540 Pioneer Creek, Maple Plain, MN, 55359, 
        763-479-7474 - 0 ($100,000,000.00) Equity, (File 333-175745 - Jul. 25) 
        (BR. )

N-2     John Hancock Flexible Income Opportunities Fund, 601 CONGRESS STREET, 
        BOSTON, MA, 02210, 1-800-225-6020 - 50,000 ($1,000,000.00) Equity, 
        (File 333-175746 - Jul. 25) (BR. )

        972-9-952-6110 - 1,400,000 ($1,624,000.00) Equity, (File 333-175760 - 
        Jul. 25) (BR. 03C)

        SAN ANTONIO, TX, 78258, 432-789-1180 - 
        7,209,375 ($14,202,469.00) Equity, (File 333-175761 - Jul. 25) (BR. 04B)

        508-767-3861 - 0 ($2,505,100.00) Equity, (File 333-175763 - Jul. 25) 
        (BR. 01C)

S-8     SUPERGEN INC, 4140 DUBLIN BLVD, SUITE 200, DUBLIN, CA, 94568, 
        9255600100 - 0 ($7,265,599.00) Equity, (File 333-175765 - Jul. 25) 
        (BR. 01C)

        79701, 4326205500 - 18,059,424 ($664,045,020.48) Equity, 
        (File 333-175767 - Jul. 25) (BR. 04A)

S-3     Marina Biotech, Inc., 3830 MONTE VILLA PARKWAY, BOTHELL, WA, 98021, 
        4259083600 - 44,612,000 ($17,398,680.00) Equity, (File 333-175769 - 
        Jul. 25) (BR. 01B)

        27524, 9199632177 - 1,000,000 ($2,080,000.00) Equity, 
        (File 333-175771 - Jul. 25) (BR. 07A)

        949 926 5000 - 0 ($700,000,000.00) Non-Convertible Debt, 
        (File 333-175772 - Jul. 25) (BR. 10A)

S-1     Texas Rare Earth Resources Corp., 3 RIVERWAY, STE. 1800, HOUSTON, TX, 
        77056, 361-790-5831 - 13,672,000 ($41,699,600.00) Equity, 
        (File 333-175773 - Jul. 25) (BR. 04B)

        441-278-9000 - 0 ($3,348,740,666.33) Equity, (File 333-175774 - 
        Jul. 25) (BR. 01C)

        3205873797 - 1,200,000 ($3,852,000.00) Equity, (File 333-175775 - 
        Jul. 25) (BR. 10B)

        505-332-5000 - 0 ($12,429,440.00) Equity, (File 333-175776 - Jul. 25) 
        (BR. 10B)

        505-332-5000 - 28,000,000 ($15,210,000.00) Equity, (File 333-175777 - 
        Jul. 25) (BR. 10B)

        SAN FRANCISCO, CA, 94111, 2062862501 - 0 ($12,169.72) Equity, 
        (File 333-175778 - Jul. 25) (BR. 01B)

        92121, (855) 662-6732 - 0 ($14,796,000.00) Equity, (File 333-175779 - 
        Jul. 25) (BR. 02C)

        ONE FINANCIAL PLZ, HARTFORD, CT, 06101, 8607287000 - 
        0 ($866,600,000.00) Equity, (File 333-175780 - Jul. 25) (BR. 05C)

        ONE FINANCIAL PLZ, HARTFORD, CT, 06101, 8607287000 - 
        48,000,000 ($4,159,680,000.00) Equity, (File 333-175781 - Jul. 25) 
        (BR. 05C)

S-4     Thompson Creek Metals CO Inc., 26 WEST DRY CREEK CIRCLE, SUITE 810, 
        LITTLETON, CO, 80120, (303) 761-8801 - 0 ($350,000,000.00) Debt, 
        (File 333-175782 - Jul. 25) (BR. 04A)

Recent 8K Filings

Form 8-K is used by companies to file current reports on the following events:


Entry into a Material Definitive Agreement


Termination of a Material Definitive Agreement


Bankruptcy or Receivership


Completion of Acquisition or Disposition of Assets


Results of Operations and Financial Condition


Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant


Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement


Cost Associated with Exit or Disposal Activities


Material Impairments


Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing


Unregistered Sales of Equity Securities


Material Modifications to Rights of Security Holders


Changes in Registrant's Certifying Accountant


Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review


Changes in Control of Registrant


Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officer


Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year


Temporary Suspension of Trading Under Registrant's Employee Benefit Plans


Amendments to the Registrant's Code of Ethics, or Waiver of a Provision of the Code of Ethics


Change in Shell Company Status


ABS Informational and Computational Material.


Change of Servicer or Trustee.


Change in Credit Enhancement or Other External Support.


Failure to Make a Required Distribution.


Securities Act Updating Disclosure.


Regulation FD Disclosure


Other Events


Financial Statements and Exhibits

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.

NAME OF ISSUER                          CODE     8K ITEM NO.          DATE        COMMENT

ACORDA THERAPEUTICS INC                          8.01,9.01            07/25/11

ADM TRONICS UNLIMITED INC/DE            DE       8.01                 07/19/11

ADVENT SOFTWARE INC /DE/                DE       2.02,9.01            07/25/11

AIRGAS INC                              DE       1.01,2.03,9.01       07/19/11

All American Gold Corp.                 WY       3.02                 07/11/11

Alliance Bancorp, Inc. of Pennsylvani   PA       2.02,9.01            07/25/11

ALLIANCE FIBER OPTIC PRODUCTS INC       CA       2.02,9.01            07/25/11

Allied World Assurance Co Holdings, A            8.01,9.01            07/25/11

ALPINE AIR EXPRESS INC/DE               DE       8.01,9.01            07/25/11

ALTAIR NANOTECHNOLOGIES INC                      1.01,3.02,3.03,5.01, 07/21/11

Amarantus BioSciences, Inc.             DE       1.01                 07/22/11

AMCOL INTERNATIONAL CORP                DE       2.02,9.01            07/22/11

AMERICAN AIRLINES INC                   DE       1.01,2.03            07/25/11

AMERICAN AIRLINES INC                   DE       1.01,2.03            07/25/11    AMEND

AMERICAN DENTAL PARTNERS INC            DE       2.02,7.01,9.01       07/25/11

AMERICAN NATIONAL INSURANCE CO /TX/     TX       2.02,9.01            07/25/11

AMR CORP                                DE       1.01,2.03            07/25/11

Antero Resources Finance Corp           DE       2.02,9.01            07/21/11

Ascend Acquisition Corp.                DE       1.01,2.03,9.01       07/19/11

ASTEC INDUSTRIES INC                    TN       2.02,5.02,9.01       07/25/11

ATS CORP                                DE       2.02,9.01            07/25/11

AVX Corp                                DE       2.02,9.01            07/25/11

BAKER HUGHES INC                        DE       2.02,7.01,9.01       07/25/11

BANK OF HAWAII CORP                     DE       2.02,9.01            07/25/11

Bank of Marin Bancorp                   CA       2.02,9.01            07/25/11

Bank of the Carolinas CORP              NC       5.02                 07/19/11

BANKUNITED FINANCIAL CORP               FL       8.01,9.01            07/19/11

BE AEROSPACE INC                        DE       2.02,9.01            07/25/11

BE Resources Inc.                       CO       7.01,9.01            07/22/11

Beacon Federal Bancorp, Inc.            MD       2.02,9.01            07/25/11

BEMIS CO INC                            MO       5.02                 07/22/11

BERRY PETROLEUM CO                      DE       8.01                 07/22/11

BGC Partners, Inc.                      DE       2.02,9.01            07/25/11

BGC Partners, Inc.                      DE       8.01,9.01            07/25/11

BigBand Networks, Inc.                  DE       2.02,9.01            07/25/11

BIOCANCELL THERAPEUTICS INC.                     8.01                 07/20/11

BIODELIVERY SCIENCES INTERNATIONAL IN   DE       5.03,5.07,9.01       07/21/11

BIOSANTE PHARMACEUTICALS INC            DE       2.02,9.01            07/25/11

BMC SOFTWARE INC                        DE       5.07                 07/21/11

BRIDGE BANCORP INC                      NY       2.02,9.01            07/22/11

BROADCOM CORP                           CA       2.02,9.01            07/25/11

BROADLEAF CAPITAL PARTNERS INC          NV       4.01,8.01,9.01       07/15/11

CAPITOL BANCORP LTD                     MI       1.01,3.03,5.03,9.01  07/25/11

CARDINAL BANKSHARES CORP                VA       5.02,9.01            06/20/10

CARROLS RESTAURANT GROUP, INC.                   5.02,9.01            07/19/11

Celsion CORP                            DE       1.01,2.03,9.01       07/21/11

CenterState Banks, Inc.                 FL       2.02,9.01            07/25/11

CENTURY ALUMINUM CO                     DE       2.02,9.01            07/25/11

CHEMICAL FINANCIAL CORP                 MI       2.02,9.01            07/25/11

CHINA AUTOMOTIVE SYSTEMS INC            DE       2.02,9.01            07/23/11

China Digital Animation Development,    NY       5.02                 07/22/11

China Integrated Energy, Inc.           DE       4.01,8.01,9.01       07/21/11

CHINA SECURITY & SURVEILLANCE TECHNOL   DE       2.02,9.01            07/25/11

CHINA-BIOTICS, INC                      DE       8.01                 07/21/11

CITIZENS SOUTH BANKING CORP             DE       2.02,9.01            07/25/11

CITY NATIONAL CORP                      DE       5.02                 07/21/11

Cleartronic, Inc.                       FL       7.01,9.01            07/25/11

COCONNECT INC                           NV       4.02,9.01            07/22/11    AMEND

Colony Financial, Inc.                  MD       8.01                 07/19/11

Community Partners Bancorp              NJ       2.02,9.01            07/25/11

COMPUTER TASK GROUP INC                 NY       2.02,9.01            07/25/11

COMVERGE, INC.                          DE       2.02,9.01            07/25/11

CONSOLIDATED WATER CO LTD               E6       1.01                 07/19/11

CONSTELLATION BRANDS, INC.              DE       5.02,5.07,7.01,9.01  07/21/11

CORELOGIC, INC.                         DE       5.02,9.01            07/20/11

Cornerstone Core Properties REIT, Inc   MD       1.01,9.01            07/20/11

Coyote Resources, Inc.                  NV       5.02,5.03,5.07,9.01  07/20/11

CRANE CO /DE/                           DE       2.02,8.01,9.01       07/25/11

CYBERDEFENDER CORP                      CA       1.01,9.01            07/19/11

DAYSTAR TECHNOLOGIES INC                DE       1.01,2.03,3.02,9.01  07/19/11

Diamond Information Institute           NJ       4.01,9.01            07/25/11    AMEND

DiamondRock Hospitality Co                       2.02,9.01            07/25/11

DIGI INTERNATIONAL INC                  DE       2.05                 07/21/11

DOLLAR GENERAL CORP                     TN       5.02,9.01            07/20/11

Domark International Inc.               NV       5.02                 07/22/11

Dongsheng Pharmaceutical Internationa   DE       5.02                 07/23/11

EATON CORP                              OH       2.02,9.01            07/25/11

Enservco Corp                           DE       1.01,5.02            07/19/11

EVERGREEN ENERGY INC                    DE       7.01,9.01            07/25/11

Federal Home Loan Bank of Dallas                 2.03,9.01            07/19/11

Fidelity National Financial, Inc.                2.02,9.01            07/25/11

FIDELITY SOUTHERN CORP                  GA       2.02,9.01            07/21/11

FIRST INTERSTATE BANCSYSTEM INC         MT       2.02,9.01            07/25/11

FIRST OTTAWA BANCSHARES INC             DE       2.02,9.01            07/25/11

First Savings Financial Group Inc       IN       8.01,9.01            07/22/11

FNB CORP/FL/                            FL       2.02,9.01            07/25/11

FNB CORP/FL/                            FL       5.07                 05/18/11    AMEND

FOOTSTAR INC                            DE       5.07                 07/21/11

FORWARD AIR CORP                        TN       8.01,9.01            07/21/11

FORWARD AIR CORP                        TN       8.01,9.01            07/25/11

FOSTER WHEELER AG                       V8       5.02,9.01            07/19/11

FOUR OAKS FINCORP INC                   NC       8.01                 07/25/11

GARDNER DENVER INC                      DE       2.02,9.01            07/21/11

GASCO ENERGY INC                        NV       5.07                 07/20/11

GENERAL CABLE CORP /DE/                 DE       1.01,1.02,2.03,9.01  07/21/11

Genesis Electronics Group, Inc.                  5.02                 07/19/11

GLOBAL CASINOS INC                      UT       8.01                 07/25/11

GLOBAL POWER EQUIPMENT GROUP INC.       DE       5.02,9.01            07/21/11

GOLDMAN SACHS GROUP INC                 DE       9.01                 07/25/11

GRANT PARK FUTURES FUND LIMITED PARTN   IL       7.01,9.01            07/25/11

Guaranty Bancorp                        DE       2.02,7.01,9.01       07/21/11

GULFMARK OFFSHORE INC                   DE       7.01,9.01            07/22/11

HARBINGER GROUP INC.                    DE       7.01,9.01            07/21/11

HARRIS & HARRIS GROUP INC /NY/          NY       7.01,9.01            07/25/11

HAWAIIAN ELECTRIC INDUSTRIES INC        HI       8.01                 07/22/11

HCA Holdings, Inc.                               2.02,7.01,9.01       07/25/11

HEALTHCARE TRUST OF AMERICA, INC.       MD       7.01,9.01            07/25/11

HEALTHSTREAM INC                        TN       2.02,7.01,9.01       07/25/11

HEARTLAND FINANCIAL USA INC             DE       2.02,9.01            07/25/11

Heritage Financial Group Inc            MD       2.02,8.01,9.01       07/25/11

HEXCEL CORP /DE/                        DE       2.02,7.01,8.01,9.01  07/25/11

HF FINANCIAL CORP                       DE       2.02,8.01,9.01       07/25/11

HUNTINGTON BANCSHARES INC/MD            MD       5.07                 04/27/11    AMEND

HYPERTENSION DIAGNOSTICS INC /MN        MN       8.01                 07/25/11

ICON CASH FLOW PARTNERS L P SEVEN       DE       8.01                 07/25/11

ICON INCOME FUND NINE LLC                        8.01                 07/25/11

IDEX CORP /DE/                          DE       7.01,9.01            07/21/11

IGATE CORP                              PA       8.01,9.01            07/25/11

INTEGRATED SILICON SOLUTION INC         DE       5.02,5.07,9.01       07/20/11

Interactive Intelligence Group, Inc.    IN       2.02,8.01,9.01       06/30/11

International Gold Corp.                NV       1.01,9.01            07/15/11

Iridium Communications Inc.             DE       2.03                 07/21/11

IRVINE SENSORS CORP/DE/                 DE       1.01,2.03,3.02,3.03, 07/19/11
J&J SNACK FOODS CORP                    NJ       2.02,9.01            07/25/11

JUNIPER NETWORKS INC                    DE       5.02                 07/25/11

K12 INC                                 DE       5.02                 07/19/11

KID BRANDS, INC                         NJ       5.07                 07/19/11

KIMBERLY CLARK CORP                     DE       2.02,9.01            06/30/11

Kirin International Holding, Inc.       NV       1.01,2.01,9.01       03/01/11    AMEND

LABORATORY CORP OF AMERICA HOLDINGS     DE       7.01                 07/25/11

LAKELAND FINANCIAL CORP                 IN       2.02,9.01            07/25/11

Lantis Laser Inc.                       NV       2.01,3.02,9.01       07/21/11

LEAP TECHNOLOGY INC / DE                DE       5.07                 06/24/11

Lender Processing Services, Inc.        DE       2.02,9.01            07/25/11

LENNOX INTERNATIONAL INC                DE       5.02,9.01            07/19/11

Liberty Global, Inc.                             7.01                 07/25/11

LIFE PARTNERS HOLDINGS INC              TX       8.01,9.01            07/18/11

Life Technologies Corp                  DE       5.07                 04/28/11    AMEND

LORILLARD, INC.                         DE       2.02,9.01            07/25/11

MAGELLAN MIDSTREAM PARTNERS LP          DE       5.02                 07/20/11

Marathon Petroleum Corp                 DE       5.02                 07/01/11    AMEND

MASCO CORP /DE/                         DE       2.02,9.01            07/25/11

MBT FINANCIAL CORP                      MI       2.02,9.01            07/25/11

MCJUNKIN RED MAN HOLDING CORP           DE       8.01,9.01            07/22/11

MEDICIS PHARMACEUTICAL CORP             DE       1.01,8.01            07/21/11

MERCHANTS BANCSHARES INC                DE       2.02,9.01            07/21/11

METALICO INC                                     8.01,9.01            07/25/11

METALS USA HOLDINGS CORP.               DE       2.02,9.01            07/25/11

METRO BANCORP, INC.                              2.02                 07/25/11

MINDSPEED TECHNOLOGIES, INC             DE       2.02,9.01            07/25/11

MOSAIC CO                                        2.02,9.01            07/19/11

MPG Office Trust, Inc.                  MD       1.01,3.02,9.01       07/25/11

Nano Mask, Inc.                         NV       7.01                 07/25/11

National American University Holdings   DE       5.03,9.01            07/20/11

NATIONAL RURAL UTILITIES COOPERATIVE    DC       5.02                 07/21/11

NEOMEDIA TECHNOLOGIES INC               DE       5.02,9.01            07/19/11

Net Element, Inc.                       DE       1.01,9.01            07/19/11

NETFLIX INC                             DE       2.02,9.01            07/25/11

Neuralstem, Inc.                        DE       7.01,9.01            07/21/11

Nevada Property 1 LLC                   DE       5.02                 07/19/11

NOBLE ROMANS INC                        IN       1.01,2.03            07/19/11

NORTHERN CALIFORNIA BANCORP INC                  1.01                 07/15/11

NORTHROP GRUMMAN CORP /DE/              DE       5.02,9.01            07/19/11

Northwest Bancshares, Inc.              MD       8.01,9.01            07/20/11

Northwest Bancshares, Inc.              MD       2.02,9.01            07/25/11

NORWOOD FINANCIAL CORP                  PA       2.02,9.01            07/25/11

NUVASIVE INC                            DE       2.02,9.01            07/25/11

NUVILEX, INC.                           NV       3.01,9.01            05/27/11

OFFICE DEPOT INC                        DE       5.02,9.01            07/20/11

OGE ENERGY CORP.                        OK       5.07                 05/19/11    AMEND

OM GROUP INC                            DE       2.02,9.01            07/25/11

OMNICOM GROUP INC                       NY       5.02                 07/25/11

OptimumBank Holdings, Inc.              FL       3.01                 07/19/11

ORASURE TECHNOLOGIES INC                DE       1.01,7.01,9.01       07/25/11

PARK NATIONAL CORP /OH/                 OH       2.02,7.01,8.01,9.01  07/25/11

PARKE BANCORP, INC.                     NJ       2.02,9.01            07/25/11

PARKERVISION INC                        FL       8.01,9.01            07/21/11

PENN NATIONAL GAMING INC                PA       2.02,9.01            07/21/11

PEOPLES BANCORP OF NORTH CAROLINA INC   NC       2.02,9.01            07/25/11

PLUM CREEK TIMBER CO INC                DE       2.02,9.01            07/25/11

PLX TECHNOLOGY INC                      DE       2.02,9.01            07/25/11

PMI GROUP INC                           DE       5.02,9.01            07/19/11

Polypore International, Inc.                     8.01,9.01            07/25/11

PONIARD PHARMACEUTICALS, INC.           WA       3.01,5.07            07/22/11

POSITIVEID Corp                         DE       1.01,2.01,7.01,9.01  07/22/11

POTLATCH CORP                           DE       2.02,9.01            07/25/11

Probe Manufacturing Inc                 NV       7.01,9.01            07/22/11

PROVECTUS PHARMACEUTICALS INC           NV       4.02                 07/19/11

QCR HOLDINGS INC                        DE       2.02,9.01            07/25/11

RADIENT PHARMACEUTICALS Corp            DE       2.04,9.01            07/25/11

Raptor Pharmaceutical Corp              DE       8.01,9.01            07/25/11

RARUS MINERALS INC                      NV       5.06,9.01            07/22/11

RAYONIER INC                            NC       8.01                 07/25/11

REINSURANCE GROUP OF AMERICA INC        MO       2.02,9.01            07/25/11

Reliance Bancshares, Inc.               MO       2.02,9.01            07/22/11

REXNORD LLC                             DE       8.01,9.01            07/22/11

RIDGEFIELD ACQUISITION CORP             CO       9.01                 07/05/11    AMEND

Riverbed Technology, Inc.               DE       2.01,8.01,9.01       07/19/11

ROPER INDUSTRIES INC                    DE       2.02,9.01            07/25/11

RPM Dental, Inc.                        DE       1.01,9.01            07/19/11

RPM INTERNATIONAL INC/DE/               DE       2.02,9.01            07/25/11

RUDOLPH TECHNOLOGIES INC                DE       1.01,2.03,3.02,9.01  07/19/11

S&T BANCORP INC                         PA       2.02,9.01            07/25/11

SALIX PHARMACEUTICALS LTD                        8.01,9.01            07/25/11

SANMINA-SCI CORP                        DE       2.02,9.01            07/25/11

Sensata Technologies Holding N.V.       P7       8.01                 07/22/11

SERVICESOURCE INTERNATIONAL, INC.                2.02,9.01            07/25/11

SIERRA BANCORP                          CA       2.02,9.01            07/25/11

SILICON LABORATORIES INC                DE       2.02,9.01            07/25/11

Six Flags Entertainment Corp                     2.02,9.01            07/25/11

SOKO FITNESS & SPA GROUP, INC.          DE       5.01,9.01            07/25/11

Solar Power, Inc.                       CA       5.02                 07/22/11

Solera National Bancorp, Inc.           DE       2.02,9.01            07/25/11

SONOSITE INC                                     2.02,9.01            04/25/11

SOONER HOLDINGS INC /OK/                OK       1.01,2.01,3.02,5.01, 02/14/11    AMEND
SS&C Technologies Holdings Inc          DE       1.01,8.01,9.01       07/21/11

STANLEY BLACK & DECKER, INC.            CT       1.01,7.01,9.01       07/22/11

STATE INVESTORS BANCORP, INC.                    5.02                 07/19/11

STEC, INC.                              CA       8.01                 07/19/11

STIFEL FINANCIAL CORP                   DE       8.01,9.01            07/25/11

STRATEGIC HOTELS & RESORTS, INC                  1.01,2.03,7.01,9.01  07/20/11

SUNPOWER CORP                           DE       2.02,9.01            07/25/11

Surge Global Energy, Inc.               DE       5.02,9.01            07/25/11

TARA GOLD RESOURCES CORP.               NV       8.01,9.01            06/08/11

Tara Minerals Corp.                     NV       8.01,9.01            06/08/11

Teleconnect Inc.                        OK       4.02                 07/20/11

TEXAS INSTRUMENTS INC                   DE       2.02,9.01            07/25/11

THRESHOLD PHARMACEUTICALS INC           DE       8.01,9.01            07/25/11

TIDEWATER INC                           DE       1.01,2.03,9.01       07/20/11

Tongji Healthcare Group, Inc.           NV       4.01,9.01            07/11/11    AMEND

TRANSATLANTIC HOLDINGS INC              DE       8.01,9.01            07/25/11

U S GOLD CORP                           CO       1.01,9.01            07/19/11

ULTRA CLEAN HOLDINGS INC                DE       2.02,9.01            07/25/11

ULTRATECH INC                           DE       5.02,5.07,9.01       07/19/11

UNISYS CORP                             DE       2.02,9.01            07/25/11

UNITED BANKSHARES INC/WV                WV       2.02,9.01            07/25/11

Upstream Worldwide, Inc.                DE       1.01                 07/19/11

Urban Barns Foods Inc.                  NV       5.03,9.01            06/22/11

Urban Barns Foods Inc.                  NV       7.01,9.01            07/12/11    AMEND

URS CORP /NEW/                          DE       5.02,9.01            07/20/11

US ECOLOGY, INC.                        DE       7.01,9.01            07/25/11

VERIZON COMMUNICATIONS INC              DE       7.01                 07/22/11

Visual Network Design, Inc.             NV       8.01                 07/21/11

VOLTERRA SEMICONDUCTOR CORP                      2.02,9.01            07/25/11

VOLTERRA SEMICONDUCTOR CORP                      8.01,9.01            07/25/11

Walker & Dunlop, Inc.                   MD       1.01,2.03,9.01       07/21/11

Warner Chilcott plc                              8.01                 07/25/11

WASHINGTON TRUST BANCORP INC            RI       2.02,9.01            07/25/11

WAUSAU PAPER CORP.                      WI       2.02,9.01            07/25/11

Wind Works Power Corp.                  NV       1.01,9.01            07/20/11

Woodward, Inc.                          DE       2.02,9.01            07/25/11

WVS FINANCIAL CORP                      PA       2.02,9.01            07/25/11

XL GROUP PLC                            L2       8.01,9.01            07/22/11

YRC Worldwide Inc.                      DE       5.02                 07/21/11

YRC Worldwide Inc.                      DE       1.01,1.02,2.03,3.01, 07/22/11



Modified: 07/26/2011