SEC Charges Company Officers and Penny Stock Promoters in Kickback and Market Manipulation Schemes
The Securities and Exchange Commission today charged several penny stock companies and their officers as well as three penny stock promoters involved in various stock schemes in which bribes and kickbacks were paid to hype microcap stocks and illegally generate stock sales.
These charges are the latest in a series of cases in which the SEC has worked closely with the U.S. Attorney’s Office for the Southern District of Florida and the Federal Bureau of Investigation to uncover penny stock schemes. Prior charges were filed by the SEC against other penny stock violators in October 2010, December 2010, and June 2011.
According to the SEC’s complaints filed in U.S. District Court for the Southern District of Florida, some of these latest schemes involved the payment of undisclosed kickbacks to a pension fund manager in exchange for the fund’s purchase of restricted shares of stock in the various microcap companies. Other schemes involved an undisclosed bribe that was to be paid to a stockbroker who agreed to purchase a microcap company’s stock in the open market for his customers’ discretionary accounts.
“The company officers and promoters in many of these schemes disguised their kickbacks as payments to phony consulting companies that performed no actual work,” said Eric I. Bustillo, Director of the SEC’s Miami Regional Office. “These illegal activities were fully intended to artificially inflate the stock volume and prices of these penny stock companies to the detriment of investors.”
The SEC’s complaints allege the following penny stock companies and individuals perpetrated the various stock schemes:
The SEC additionally charged a stock promoter involved in pumping the stock of KCM Holdings Corp., a penny stock company charged in the SEC’s series of penny stock enforcement actions in June 2011. The SEC alleges that Matthew A. Connor, who lives in Amherst, Va., participated in a fraudulent scheme to hype KCM Holding’s stock.
The U.S. Attorney’s Office today announced criminal charges against the same individuals facing SEC civil charges.
The SEC’s complaints allege that these companies, officers, and stock promoters violated Section 17(a) of the Securities Act of 1933, and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. The SEC is seeking financial penalties, disgorgement of ill-gotten gains plus prejudgment interest, and permanent injunctions against all the defendants. The SEC also seeks penny stock bars against each of the officers and promoters as well as officer-and-director bars against Bonenberger, Brennan, Cimino, Hague, Haire, and Skwara.
The SEC’s investigation was conducted in the Miami Regional Office by senior counsels Trisha D. Sindler and Michelle I. Bougdanos under the supervision of Assistant Regional Director Chedly C. Dumornay. The SEC’s litigation will be led by C. Ian Anderson, Edward D. McCutcheon, and James M. Carlson. The SEC acknowledges the assistance and cooperation of the U.S. Attorney’s Office for the Southern District of Florida and the FBI’s Miami Division in these investigations. (Press Rel. 2012-108; LR-22389)
In the Matter of Ran H. Furman
On May 31, 2012, an Administrative Law Judge issued an Initial Decision as to Respondent Ran H. Furman (Furman) in Ran H. Furman, Admin. Proc. No. 3-14532. The Securities and Exchange Commission (Commission) issued its Order Instituting Public Administrative Proceedings and Imposing Temporary Suspension Pursuant to Rule 102(e)(3) of the Commission’s Rules of Practice (OIP) on September 6, 2011. The OIP alleges that on July 8, 2011, the United States District Court for the Southern District of California found that Furman violated federal securities laws and permanently enjoined Furman from future violations of Sections 10(b) and 13(b)(5) of the Securities Exchange Act of 1934 (Exchange Act) and Rules 10b-5, 13a-14, 13b2-1, and 13b2-2 thereunder, and from aiding and abetting violations of Section 13(a) of the Exchange Act and Rules 12b-20, 13a-1, and 13a-13 thereunder. SEC v. Retail Pro, Inc. (fka Island Pacific, Inc.), et al., Civil Action Number 08 CV 1620 WQH (RBB).
This Initial Decision finds that, in an action brought by the Commission before a court of competent jurisdiction, Furman was found to have violated the securities laws and was enjoined from future violations. The Initial Decision also finds that Furman has shown cause why he should not be permanently disqualified from practicing before the Commission. Therefore, the Initial Decision denies Furman the privilege of practicing or appearing before the Commission for a period of seven years. (Initial Decision No. 459; File No. 3-14532)
In the Matter of Central Capital Venture Corporation
An Administrative Law Judge issued an Order Making Findings, Issuing Cease and Desist, and Imposing Remedial Sanctions by Default (Order) in Central Capital Venture Corporation, Admin. Proc. 3-14823. The Order finds that Central Capital Venture Corporation (Central Capital), a company with securities registered pursuant to Section 12(g) of the Securities Exchange Act of 1934 (Exchange Act) that had elected to be regulated as a business development company, violated provisions of the Investment Company Act of 1940 (Investment Company Act), the Exchange Act, and regulations issued pursuant to both statutes.
The Order requires that Central Capital cease and desist from committing or causing violations, and any future violations, of Sections 17(g) and 18(i) of the Investment Company Act and Investment Company Act Rules 17g-1 and 38a-1, and Section 13(a) of the Exchange Act and Exchange Act Rules 13a-1 and 13a-13; it also revokes the registration of each class of Central Capital’s registered securities and its election as a business development company. (Rel. 34-67098; IC-30094; File No. 3-14823)
Commission Revokes Registration of Securities of TierOne Corporation For Failure to Make Required Filings
On June 4, 2012, the Commission revoked the registration of each class of registered securities of TierOne Corporation (TierOne) of Lincoln, Nebraska, for failure to make required filings with the Commission.
Without admitting or denying the findings in the Order, except as to jurisdiction, which it admitted, TierOne consented to the entry of an Order Instituting Proceedings Pursuant to Section 12(j) of the Securities Exchange Act of 1934, Making Findings, and Revoking Registration of Securities as to TierOne 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 TierOne’s securities pursuant to Section 12(j) of the Exchange Act.
The Commission cautions brokers, dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by the company.
Further, brokers and dealers should be alert to the fact that Exchange Act Section 12(j) provides, in pertinent part, as follows:
(Rel. 34-67099; File No. 3-14901)
SEC Charges Three Former CONSOL Energy, Inc. Employees with Illegal Trading in Advance of an Acquisition Announcement
The Securities and Exchange Commission announced today that on June 1, 2012, it filed a civil action against three former employees of CONSOL Energy, Inc. (CONSOL) for illegal insider trading in CONSOL securities in advance of the company’s public announcement, on March 15, 2010, that it entered into an agreement to acquire the Appalachian Exploration and Production business of Dominion Resources, Inc. (Dominion). The Commission alleges that on March 9, 2010, both Charles E. Mazur Jr., CONSOL’s former Director of Corporate Strategy, and Joseph A. Cerenzia, CONSOL’s former Director of Public Relations, received a confidential email stating that the acquisition of Dominion was going to be announced prior to the opening of the market on March 15, 2010. Both individuals traded CONSOL securities after learning of the pending acquisition announcement. James S. Poland, CONSOL’s former General Manager of Engineering, conducted an environmental survey of the Dominion acquisition. Poland also traded CONSOL stock after receiving nonpublic information about the acquisition and when it would be announced.
The Commission’s complaint alleges that Mazur violated Section 10(b) of the Securities Exchange Act of 1934 (Exchange Act) and Rules 10b-5(a) and (c) thereunder, and alleges that Poland and Cerenzia violated of Sections 17(a)(1) and (3) of the Securities Act of 1933 (Securities Act), Section 10(b) of the Exchange Act and Rules 10b-5(a) and (c) thereunder, and seeks permanent injunctions, disgorgement, prejudgment interest and civil penalties.
The defendants agreed to settle the Commission’s charges, without admitting or denying the allegations in the Commission’s complaint. Under the settlements, the defendants consented to Final Judgments that will permanently enjoin Mazur from violations of Section 10(b) of the Exchange Act and Rule 10b-5 thereunder; and permanently enjoin Poland and Cerenzia from violations of Section 17(a) of the Securities Act and Section 10(b) of the Exchange Act and Rule 10b-5 thereunder. Mazur agreed to pay approximately $97,171 in disgorgement, prejudgment interest, and civil penalties. Poland agreed to pay approximately $19,600 in disgorgement, prejudgment interest, and civil penalties. Cerenzia agreed to pay approximately $15,453 in disgorgement, prejudgment interest, and civil penalties. The settlements are subject to court approval.
The Commission acknowledges and appreciates the assistance of the Options Regulatory Surveillance Authority (ORSA). [SEC v. Charles E. Mazur, Jr. et al., Civil Action No. 12-cv-00731-NBF (W.D.Pa.)] ( LR-22387)
Court Enters Final Judgments, Including Indemnity Bars, Against Rajnish K. Das and Stormy L. Dean, Former CFOs of InfoUSA, Inc.
The Securities and Exchange Commission announced today that on May 29, 2012, the Honorable Laurie Smith Camp, Chief United States District Judge for the District of Nebraska, entered final judgments against Rajnish K. Das and Stormy L. Dean, two former chief financial officers of infoUSA, Inc., an Omaha-based database marketing company. The court entered final judgments against Das and Dean permanently enjoining them each from violating Sections 10(b), 13(b)(5), and 14(a) of the Securities Exchange Act of 1934; Rules 10b-5, 13a-14, 13b2-1, 13b2-2, 14a-3, 14a-9 thereunder; and aiding and abetting violations of Exchange Act Sections 13(a) and 13(b)(2), and Rules 12b-20 and 13a-1 thereunder. Das was also enjoined from violating Exchange Act Rule 13a-13. The court also ordered that Das and Dean each were barred from serving as an officer and director of a public company for a period of three years from the date of the final judgments. In addition, the court ordered Das and Dean to pay civil penalties of $50,000 each, and specifically prohibited them from seeking payment, reimbursement, or indemnification from any third party for payment of the civil penalties or the cost of the bond required to stay enforcement of the civil penalties in the event of an appeal. The court also declared that Das and Dean each acted in bad faith towards the shareholders of infoUSA, Inc. and that the defendants each knew their actions were contrary to the interests of the company and its shareholders.
On March 2, 2012, after approximately two hours of deliberations, an Omaha jury found Das and Dean each liable on all claims. At trial, the Commission argued former chief executive officer Vinod Gupta used company funds to pay for his personal expenses including private jet flights, yacht expenses, private club memberships, credit card expenses, and expenses associated with his homes and cars. The Commission argued that Das and Dean each authorized the company to pay for Gupta’s personal expenses and that they signed and certified Info’s false public filings which underreported Gupta’s executive compensation and related party transactions. In its Memorandum and Order on remedies, the court stated that “[t]he testimony and other evidence at trial clearly supported the jury’s verdicts” and “[t]he wrongdoing giving rise to this action was not an isolated incident, but a continuing and systematic misuse of corporate funds and failure to abide by SEC reporting requirements for executive compensation and related party transactions. Das and Dean continue to deny wrongdoing, despite clear and compelling evidence of their misconduct.” The case was prosecuted by Thomas Krysa, Gregory Kasper, and Nicholas Heinke of the Commission’s Denver Regional Office.
For further information, see Litigation Release No. 21451 (March 15, 2010), Litigation Release No. 22276 (March 6, 2012). [SEC v. Rajnish K. Das and Stormy L. Dean, Civ. No. 8:10CV102-LSC-FG3 (D. Neb.)] ( LR-22388)
Hennion & Walsh, Inc. and Smart Trust
A notice has been issued giving interested persons until June 25, 2012, to request a hearing on an application filed by Hennion & Walsh, Inc. and Smart Trust for an order under Section 12(d)(1)(J) of the Investment Company Act of 1940 (Act) for an exemption from Sections 12(d)(1)(A), (B) and (C) of the Act and under Sections 6(c) and 17(b) of the Act for an exemption from Section 17(a) of the Act. The order would permit certain registered unit investment trusts to acquire shares of registered management investment companies and unit investment trusts both within and outside the same group of investment companies. (Rel. IC-30092 – May 31)
The Financial Industry Regulatory Authority, Inc. filed a proposed rule change (SR-FINRA-2012-024) pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 relating to FINRA Rule 4210 Margin Requirements. Publication is expected in the Federal Register during the week of June 4. (Rel. 34-67088)
Approval of Proposed Rule Changes
The Commission issued notice of filing of Amendments No. 1 and granted accelerated approval of proposed rule changes as modified by Amendments No. 1 (SR-BATS-2011-038; SR-BYX-2011-025; SR-BX-2011-068; SR-CBOE-2011-087; SR-C2-2011-024; SR-CHX-2011-30; SR-EDGA-2011-31; SR-EDGX-2011-30; SR-FINRA-2011-054; SR-ISE-2011-61; SR-NASDAQ-2011-131; SR-NSX-2011-11; SR-NYSE-2011-48; SR-NYSEAmex-2011-73; SR-NYSEArca-2011-68; SR-Phlx-2011-129), relating to trading halts due to extraordinary market volatility. Publication is expected in the Federal Register during the week of June 4. (Rel. 34-67090)
Immediate Effectiveness of Proposed Rule Changes
A proposed rule change filed by BATS-Y Exchange, Inc. to amend BYX rules related to the operation of BATS Post Only Orders and match trade prevention functionality (SR-BYX-2012-009) 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 June 4. (Rel. 34-67092)
A proposed rule change filed by BATS Exchange, Inc. to amend BATS rules related to the operation of BATS Post Only Orders and match trade prevention functionality (SR-BATS-2012-018) 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 June 4. (Rel. 34-67093)
A proposed rule change filed by NASDAQ OMX PHLX LLC to extend its FLEX no minimum value pilot program (SR-PHLX-2012-76) 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 June 4. (Rel. 34-67094)
Designation of Longer Period for Commission Action on a Proposed Rule Change
The Commission has designated a longer period for Commission action, pursuant to Section 19(b)(2) of the Securities Exchange Act of 1934, on a proposed rule change (SR-ISE-2012-26) filed by the International Securities Exchange, LLC to list and trade option contracts overlying 10 shares of a security. Publication is expected in the Federal Register during the week of June 4. (Rel. 34-67097)
Order Approving, on a Pilot Basis, the National Market System Plan to Address Extraordinary Market Volatility
Pursuant to Section 11A of the Securities Exchange Act of 1934 and Rule 608 of Regulation NMS thereunder, the Commission approved, on a pilot basis, the National Market System Plan to Address Extraordinary Market Volatility (File No. 4-631). Publication is expected in the Federal Register during the week of June 4. (Rel. 34-67091)
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-8 Medidata Solutions, Inc., 79 FIFTH AVENUE, 8TH FLOOR, NEW YORK, NY, 10003, 212.918.1800 - 1,500,000 ($42,150,000.00) Equity, (File 333-181818 - Jun. 1) (BR. 03B) S-3 QR Energy, LP, 1401 MCKINNEY STREET, SUITE 2400, HOUSTON, TX, 77010, 713-452-2230 - 0 ($500,000,000.00) Unallocated (Universal) Shelf, (File 333-181820 - Jun. 1) (BR. 04A) S-3 Thermon Group Holdings, Inc., 100 THERMON DRIVE, SAN MARCOS, TX, 78666, 512-396-5801 - 0 ($619,915,572.40) Unallocated (Universal) Shelf, (File 333-181821 - Jun. 1) (BR. 10B) S-3 Macquarie Leasing Pty Ltd, LEVEL 3, 9 HUNTER ST, SYDNEY, C3, NSW 2000, 61 2 8232 3333 - 0 ($1,000,000.00) Asset-Backed Securities, (File 333-181822 - Jun. 1) (BR. ) S-4 OLD NATIONAL BANCORP /IN/, ONE MAIN ST, EVANSVILLE, IN, 47708, 8124641434 - 0 ($76,382,409.00) Equity, (File 333-181824 - Jun. 1) (BR. 07C) S-8 NEW ULM TELECOM INC, 400 2ND ST N, NEW ULM, MN, 56073, 5073544111 - 200,000 ($1,192,000.00) Equity, (File 333-181825 - Jun. 1) (BR. 11A) S-8 PACIFIC CONTINENTAL CORP, 111 WEST 7TH ST, EUGENE, OR, 97401, 5416868685 - 0 ($4,525,000.00) Equity, (File 333-181826 - Jun. 1) (BR. 07B) S-B POLAND REPUBLIC OF, 0 ($5,000,000,000.00) Debt, (File 333-181827 - Jun. 1) (BR. DN) S-8 EMC CORP, 176 SOUTH STREET, HOPKINTON, MA, 01748-9103, 5082937208 - 0 ($70,688.99) Equity, (File 333-181832 - Jun. 1) (BR. 03C) S-1 Thwapr, Inc., 220 12TH AVENUE, 3RD FLOOR, NEW YORK, NY, 10001, 212-268-0220 - 211,767,635 ($10,164,846.00) Equity, (File 333-181834 - Jun. 1) (BR. 02B) S-8 VelaTel Global Communications, Inc., 12526 HIGH BLUFF DRIVE, STE 155, SAN DIEGO, CA, 92130, 760-230-8986 - 39,368,196 ($704,690.72) Equity, (File 333-181835 - Jun. 1) (BR. 11A) S-8 NOVADAQ TECHNOLOGIES INC, 2585 SKYMARK AVENUE, SUITE 306, MISSISSAUGA, A6, L4W 4LS, 905-629-3822 - 0 ($24,414,349.50) Equity, (File 333-181836 - Jun. 1) (BR. 10B) S-8 FIRST CASH FINANCIAL SERVICES INC, 690 E LAMAR BLVD, STE 400, ARLINGTON, TX, 76011, 8174603947 - 1,260,000 ($46,405,800.00) Equity, (File 333-181837 - Jun. 1) (BR. 02A) S-3 NAVIGATORS GROUP INC, 6 INTERNATIONAL DR, SUITE 100, RYE BROOK, NY, 10573, 9149348999 - 0 ($500,000,000.00) Other, (File 333-181838 - Jun. 1) (BR. 01B) S-8 Chesapeake Lodging Trust, 1997 ANNAPOLIS EXCHANGE PARKWAY, SUITE 410, ANNAPOLIS, MD, 21401, (410) 972-4140 - 0 ($48,688,750.00) Equity, (File 333-181840 - Jun. 1) (BR. 08C) S-1 Legend Oil & Gas, Ltd., 1420 5TH AVE STE 2200, SEATTLE, WA, 98101, 206-274-5165 - 11,700,000 ($2,691,000.00) Equity, (File 333-181841 - Jun. 1) (BR. 04A) S-1 Tronox Ltd, 1 BRODIE HALL DRIVE, TECHNOLOGY PARK, BENTLEY, C3, 6102, (405) 775-5000 - 0 ($508,939,153.67) Equity, (File 333-181842 - Jun. 1) (BR. ) S-8 MOTRICITY INC, 601 108TH AVE NE, SUITE 900, BELLEVUE, WA, 98004, 425-957-6200 - 3,600,000 ($2,304,000.00) Equity, (File 333-181843 - Jun. 1) (BR. 03A) S-8 CIRTRAN CORP, 4125 SOUTH 6000 WEST, WEST VALLEY CITY, UT, 84128, 8019635112 - 458,000,000 ($337,100.00) Equity, (File 333-181845 - Jun. 1) (BR. 09A) S-8 Vocus, Inc., 4296 FORBES BOULEVARD, LANHAM, MD, 20706, (301) 459-2590 - 0 ($88,510,089.00) Equity, (File 333-181846 - Jun. 1) (BR. 11A) S-8 HAEMONETICS CORP, 400 WOOD RD, BRAINTREE, MA, 02184, 7818487100 - 2,936,894 ($208,607,580.82) Equity, (File 333-181847 - Jun. 1) (BR. 10A) N-2 Bluerock Total Alternatives Real Estate Fund, 450 WIRELESS BLVD., HAUPPAUGE, NY, 11788, 631-470-2600 - 50,000,000 ($500,000,000.00) Equity, (File 333-181848 - Jun. 1) (BR. ) S-8 XOMA Corp, 2910 SEVENTH ST, BERKELEY, CA, 94710, 5106441170 - 7,000,000 ($16,415,000.00) Equity, (File 333-181849 - Jun. 1) (BR. 01A) S-8 NetSpend Holdings, Inc., 701 BRAZOS STREET, SUITE 1300, AUSTIN, TX, 78701-2582, (512) 532-8200 - 0 ($14,680,000.00) Equity, (File 333-181850 - Jun. 1) (BR. 07C) S-8 BROCADE COMMUNICATIONS SYSTEMS INC, 130 HOLGER WAY, SAN JOSE, CA, 95134-1376, (408) 333-8000 - 65,000,000 ($302,250,000.00) Equity, (File 333-181851 - Jun. 1) (BR. 03A) S-8 NetSpend Holdings, Inc., 701 BRAZOS STREET, SUITE 1300, AUSTIN, TX, 78701-2582, (512) 532-8200 - 0 ($10,000,000.00) Equity, (File 333-181852 - Jun. 1) (BR. 07C) N-2 MacKenzie Realty Capital, Inc., 1640 SCHOOL STREET, MORAGA, CA, 94556, 925-631-9100 - 0 ($5,000,000.00) Equity, (File 333-181853 - Jun. 1) (BR. )
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 ----------------------------------------------------------------------------------------- ABBOTT LABORATORIES IL 5.02 04/27/12 AMEND Access Plans Inc 2.01,3.03,5.01,5.02, 05/31/12 5.03,8.01,9.01 ADAMS GOLF INC DE 2.01,3.01,3.03,5.01, 05/30/12 5.02,5.03,5.07,8.01, 9.01 Allied World Assurance Co Holdings, A 5.02 05/25/12 ALLSCRIPTS HEALTHCARE SOLUTIONS, INC. DE 1.01,5.02,9.01 05/30/12 AMERICAN AIRLINES INC DE 8.01 06/01/12 AMERICAN EAGLE OUTFITTERS INC DE 1.01,5.02,7.01,9.01 05/24/12 American Energy Development Corp. NV 2.01,3.02,7.01,9.01 03/12/12 AMEND AMERICAN EQUITY INVESTMENT LIFE HOLDI IA 8.01 05/31/12 AMERICAN INTERNATIONAL VENTURES INC / DE 1.01,2.01,9.01 05/31/12 American Midstream Partners, LP DE 1.01,7.01,9.01 05/25/12 American Realty Capital Properties, I MD 2.01,2.03,3.02,9.01 05/31/12 AMR CORP DE 8.01 06/01/12 ANIXTER INTERNATIONAL INC DE 1.01,9.01 05/31/12 Approach Resources Inc DE 5.02,5.07,9.01 05/31/12 ARROW FINANCIAL CORP NY 5.02,9.01 05/30/12 Ascena Retail Group, Inc. DE 7.01,9.01 05/31/12 ASSURED GUARANTY LTD D0 7.01 06/01/12 ATWOOD OCEANICS INC TX 7.01,9.01 05/30/12 AVI BIOPHARMA INC OR 3.01,9.01 05/31/12 BANCORPSOUTH INC MS 8.01,9.01 06/01/12 BANCTRUST FINANCIAL GROUP INC AL 1.01,9.01 05/28/12 Beacon Federal Bancorp, Inc. MD 1.01,9.01 05/31/12 BED BATH & BEYOND INC NY 8.01,9.01 06/01/12 BERKSHIRE HILLS BANCORP INC 1.01,9.01 05/31/12 BIOCUREX INC A1 5.02 05/24/12 BIOLIFE SOLUTIONS INC DE 1.01,8.01,9.01 05/30/12 BIOMARIN PHARMACEUTICAL INC DE 1.01,9.01 05/31/12 BioMed Realty Trust Inc MD 5.07 05/30/12 BIOSANTE PHARMACEUTICALS INC DE 5.02,5.03,5.07,9.01 05/30/12 Black Sea Metals, Inc. NV 5.02 05/25/12 BRINKER INTERNATIONAL INC DE 7.01,9.01 05/31/12 BRINKER INTERNATIONAL INC DE 7.01,9.01 06/01/12 BROADRIDGE FINANCIAL SOLUTIONS, INC. DE 7.01 05/31/12 BROADVIEW NETWORKS HOLDINGS INC DE 1.01,9.01 05/31/12 Burger King Holdings Inc DE 5.02 05/25/12 C&J Energy Services, Inc. DE 5.02,5.07,9.01 05/29/12 CAESARS ENTERTAINMENT Corp DE 5.02,9.01 05/30/12 CARMIKE CINEMAS INC DE 5.07 05/30/12 CARROLS RESTAURANT GROUP, INC. 1.01,1.02,2.01,2.03, 05/29/12 3.03,5.02,5.03,7.01, 9.01 Carter Validus Mission Critical REIT, MD 1.01,2.01,2.03,5.07, 05/25/12 9.01 CATALYST HEALTH SOLUTIONS, INC. DE 8.01 06/01/12 CBL & ASSOCIATES PROPERTIES INC DE 3.02 06/01/12 CENTRAL EUROPEAN MEDIA ENTERPRISES LT 1.01,9.01 05/29/12 Changda International Holdings, Inc. NV 5.02 05/28/12 CHARMING SHOPPES INC PA 2.02,9.01 06/01/12 CHESAPEAKE ENERGY CORP OK 7.01,9.01 05/25/12 CHICOPEE BANCORP, INC. 8.01,9.01 05/31/12 CHIPOTLE MEXICAN GRILL INC 5.07 05/31/12 CHOICE HOTELS INTERNATIONAL INC /DE DE 2.02,9.01 03/31/12 AMEND Chrysler Group LLC DE 8.01,9.01 06/01/12 CIENA CORP DE 5.02,9.01 06/01/12 CINCINNATI FINANCIAL CORP OH 1.01,1.02,2.03,7.01, 05/31/12 9.01 CIRRUS LOGIC INC DE 8.01,9.01 06/01/12 CMG HOLDINGS GROUP, INC. NV 8.01 05/31/12 COLE CORPORATE INCOME TRUST, INC. MD 5.07 05/30/12 Cole Credit Property Trust II Inc MD 5.07 05/31/12 Cole Credit Property Trust Inc MD 5.07 05/30/12 COLE REAL ESTATE INCOME STRATEGY (DAI MD 5.03,5.07,9.01 05/30/12 COMCAST CORP PA 5.07 05/31/12 Compressco Partners, L.P. DE 5.02,9.01 05/27/12 COMPUTER SCIENCES CORP NV 8.01 06/01/12 CONAGRA FOODS INC /DE/ DE 7.01 05/31/12 Consolidated Communications Holdings, DE 8.01 06/01/12 CONVERGYS CORP OH 1.02 05/31/12 COOPER COMPANIES INC DE 1.01,2.03,7.01,9.01 05/31/12 COSI INC DE 3.01,5.07,9.01 05/25/12 COWEN GROUP, INC. DE 5.02,9.01 05/31/12 CRA INTERNATIONAL, INC. MA 8.01 06/01/12 CREDIT ACCEPTANCE CORP MI 8.01,9.01 06/01/12 Crestwood Midstream Partners LP DE 5.02 06/01/12 CRIMSON EXPLORATION INC. 5.07 05/30/12 CROSS BORDER RESOURCES, INC. NV 5.02,5.03,9.01 06/01/12 CubeSmart MD 5.02,5.07,9.01 05/30/12 CURIS INC DE 5.07 05/30/12 DAKOTA PLAINS HOLDINGS, INC. NV 2.03,9.01 05/25/12 DDI CORP CA 1.02,2.01,3.01,3.03, 05/31/12 5.01,5.02,5.03,9.01 DEERE & CO DE 5.02,8.01,9.01 05/30/12 DEERE & CO DE 7.01 06/01/12 DIGITAL RIVER INC /DE DE 5.07 05/31/12 Discovery Communications, Inc. DE 5.02 05/30/12 Dorman Products, Inc. PA 8.01 05/31/12 DOUGLAS DYNAMICS, INC DE 5.02,9.01 06/01/12 DreamWorks Animation SKG, Inc. 5.07 05/29/12 DSW Inc. OH 3.02 05/31/12 DUPONT FABROS TECHNOLOGY, INC. MD 5.07 05/30/12 DYAX CORP DE 8.01 05/29/12 DYNAVAX TECHNOLOGIES CORP DE 5.07 05/30/12 DYNEGY INC. DE 7.01,9.01 06/01/12 DYNEX CAPITAL INC VA 8.01,9.01 05/31/12 EASTGROUP PROPERTIES INC MD 5.02,5.07,9.01 06/01/12 EDAC TECHNOLOGIES CORP WI 8.01,9.01 06/01/12 EDUCATIONAL DEVELOPMENT CORP DE 2.02,8.01,9.01 05/31/12 AMEND ELIZABETH ARDEN INC FL 7.01,9.01 05/31/12 EMCOR GROUP INC DE 5.07 06/01/12 EMPIRE DISTRICT ELECTRIC CO KS 2.03,8.01,9.01 06/01/12 EMPIRE PETROLEUM CORP DE 5.07,9.01 06/01/12 ENDOCYTE INC DE 5.07 05/31/12 Energy Telecom, Inc. FL 3.02,5.02 06/01/12 EON COMMUNICATIONS CORP DE 5.02,9.01 06/01/12 EXCO RESOURCES INC TX 5.07 05/31/12 EXELON CORP PA 2.06,8.01 05/30/12 EXPLORE ANYWHERE HOLDING CORP NV 8.01 05/31/12 Express Scripts Holding Co. DE 7.01 05/29/12 EXXON MOBIL CORP NJ 5.07 05/30/12 EZJR, Inc. NV 1.01,2.01,3.02,5.03, 03/01/12 AMEND 5.06,9.01 EZJR, Inc. NV 1.01,2.01,3.02,5.03, 03/01/12 AMEND 5.06,9.01 Fibrocell Science, Inc. DE 1.01,2.03,3.02,9.01 06/01/12 FIRST PACTRUST BANCORP INC MD 8.01,9.01 06/01/12 FIVE STAR QUALITY CARE INC 8.01,9.01 05/29/12 FLOWERS FOODS INC GA 1.01,3.02,9.01 06/01/12 FNB United Corp. NC 2.02,9.01 06/01/12 FORD MOTOR CO DE 8.01,9.01 06/01/12 FORD MOTOR CREDIT CO LLC DE 8.01,9.01 06/01/12 FRONTIER COMMUNICATIONS CORP DE 8.01,9.01 06/01/12 Gala Global Inc. NV 5.01,5.02,8.01 05/25/12 GARMIN LTD V8 5.07,8.01,9.01 06/01/12 GASTAR EXPLORATION LTD 7.01,9.01 06/01/12 GAYLORD ENTERTAINMENT CO /DE DE 8.01,9.01 06/01/12 General Maritime Corp / MI 2.02,7.01,9.01 05/31/12 General Motors Co 1.01,9.01 05/30/12 GENSPERA INC DE 5.02,9.01 05/24/12 GeoEye, Inc. DE 5.07 05/31/12 GEOKINETICS INC DE 8.01 05/31/12 GLEACHER & COMPANY, INC. DE 7.01,9.01 06/01/12 Global Karaoke Network, Inc. DE 5.03,9.01 06/01/12 GLU MOBILE INC DE 5.02 05/29/12 GRAHAM CORP DE 2.02,8.01,9.01 05/30/12 GRAHAM CORP DE 5.02 05/30/12 GRANITE CITY FOOD & BREWERY LTD. MN 8.01,9.01 05/31/12 GREEN EQUITY HOLDINGS, INC. NV 1.02 05/20/12 GROUP 1 AUTOMOTIVE INC DE 8.01,9.01 05/30/12 GSV Capital Corp. MD 8.01,9.01 06/01/12 HANSEN MEDICAL INC DE 5.07 05/25/12 HASTINGS ENTERTAINMENT INC TX 5.07 05/30/12 HEALTH ENHANCEMENT PRODUCTS INC NV 8.01,9.01 05/29/12 HEALTHCARE REALTY TRUST INC MD 8.01 06/01/12 HEICO CORP FL 1.01,1.02,5.02,9.01 05/29/12 HERCULES TECHNOLOGY GROWTH CAPITAL IN MD 5.07 05/30/12 HINTO ENERGY, INC WY 1.01,3.02,7.01,9.01 05/30/12 HONG KONG WINALITE GROUP, INC. 5.02 05/31/12 HUGHES Telematics, Inc. DE 1.01,5.07,8.01,9.01 06/01/12 IC Places, Inc. 1.01,9.01 06/01/12 IDENTIVE GROUP, INC. DE 5.02,8.01,9.01 05/29/12 iMetrik M2M Solutions Inc. NV 7.01,9.01 06/01/12 Independence Energy Corp. NV 1.01,2.01,9.01 05/30/12 India Globalization Capital, Inc. MD 5.02,9.01 05/29/12 INERGETICS INC DE 5.02 05/29/12 INOVIO PHARMACEUTICALS, INC. 1.01,9.01 06/01/12 INSITE VISION INC DE 5.07 05/31/12 Intermec, Inc. DE 5.02,9.01 05/26/12 INTERNATIONAL TEXTILE GROUP INC DE 1.01,2.04,8.01 05/25/12 Interval Leisure Group, Inc. DE 5.07 05/29/12 INVIVO THERAPEUTICS HOLDINGS CORP. NV 5.07 05/30/12 IRONWOOD PHARMACEUTICALS INC 5.07 05/31/12 ITC Holdings Corp. MI 1.01,1.02,2.03,9.01 05/31/12 Kallo Inc. NV 7.01,9.01 06/01/12 KBR, INC. DE 5.02,9.01 05/29/12 KEATING CAPITAL INC 5.07 06/01/12 KEY ENERGY SERVICES INC MD 8.01 06/01/12 KINDER MORGAN, INC. DE 9.01 06/01/12 AMEND KIT digital, Inc. DE 8.01 05/25/12 KULICKE & SOFFA INDUSTRIES INC PA 8.01,9.01 06/01/12 LAS VEGAS SANDS CORP NV 7.01,9.01 06/01/12 Legend Oil & Gas, Ltd. CO 1.01,9.01 05/31/12 LEXARIA CORP. NV 7.01,9.01 06/01/12 LIBERTY SILVER CORP NV 8.01,9.01 06/01/12 LIBERTY STAR URANIUM & METALS CORP. NV 3.02,9.01 05/25/12 LIGHTING SCIENCE GROUP CORP DE 1.01,3.02,5.02,5.03, 05/25/12 7.01,9.01 Lincolnway Energy, LLC IA 7.01,9.01 06/01/12 LODGENET INTERACTIVE CORP DE 5.02,5.07,9.01 05/31/12 MAGELLAN GOLD Corp NV 3.02 05/31/12 MAGNUM HUNTER RESOURCES CORP DE 4.01,9.01 05/25/12 Manhattan Bancorp CA 1.01,2.01,5.01,5.02, 05/25/12 9.01 MANNATECH INC TX 5.02,5.07,9.01 05/30/12 MARKWEST ENERGY PARTNERS L P 7.01,9.01 06/01/12 MEDICAL ALARM CONCEPTS HOLDINGS INC NV 1.01,5.02,7.01 06/01/12 MEDIWARE INFORMATION SYSTEMS INC NY 5.02,7.01,9.01 05/30/12 Memorial Production Partners LP DE 5.02 06/01/12 MERCER INTERNATIONAL INC. WA 5.07 05/31/12 MGT CAPITAL INVESTMENTS INC DE 8.01,9.01 06/01/12 MICHAEL BAKER CORP PA 5.07 05/30/12 MMEX Mining Corp 5.02 05/29/12 MODINE MANUFACTURING CO WI 2.02,9.01 06/01/12 Momentive Performance Materials Inc. DE 1.01,2.03,9.01 05/25/12 MORGAN CREEK ENERGY CORP NV 5.02,9.01 05/30/12 Morningstar, Inc. IL 7.01 06/01/12 MRI INTERVENTIONS, INC. DE 7.01,9.01 06/01/12 MS STRUCTURED ASSET CORP CBT SERIES 2 DE 8.01,9.01 05/25/12 MTR GAMING GROUP INC DE 1.01,9.01 05/30/12 NANOSPHERE INC DE 5.07 05/30/12 NATURALLY ADVANCED TECHNOLOGIES INC A1 5.02 05/25/12 NetApp, Inc. CA 5.02 05/25/12 NETSCOUT SYSTEMS INC DE 5.02,9.01 05/28/12 NETWORK ENGINES INC DE 3.01 05/29/12 NEVADA GOLD & CASINOS INC NV 1.01,8.01,9.01 05/25/12 NEW FRONTIER MEDIA INC CO 8.01,9.01 05/31/12 NEW ULM TELECOM INC MN 1.01,5.07,8.01 05/31/12 NEWLINK GENETICS CORP 8.01,9.01 06/01/12 NEWS CORP 8.01,9.01 06/01/12 NORTH CENTRAL BANCSHARES INC IA 7.01,9.01 06/01/12 NORTH STATE BANCORP NC 5.07 05/31/12 NORTHERN OIL & GAS, INC. 5.07 05/30/12 NU SKIN ENTERPRISES INC DE 1.01,1.02,2.03 05/25/12 NUPATHE INC. DE 8.01 06/01/12 NV ENERGY, INC. NV 5.02,9.01 05/29/12 NYTEX Energy Holdings, Inc. DE 8.01,9.01 06/01/12 O REILLY AUTOMOTIVE INC 8.01,9.01 05/31/12 Oilsands Quest Inc 3.01,9.01 06/01/12 ONCOGENEX PHARMACEUTICALS, INC. DE 5.02,5.07 05/25/12 OphthaliX, Inc. NV 5.07 05/30/12 OPTI INC CA 5.07 06/01/12 Orient Paper Inc. NV 8.01,9.01 06/01/12 ORIGINOIL INC NV 5.07,9.01 05/25/12 OUTDOOR CHANNEL HOLDINGS INC 5.07 05/30/12 Park Sterling Corp NC 5.07 05/30/12 PARKWAY PROPERTIES INC MD 8.01,9.01 06/01/12 PARTNERRE LTD 5.02,9.01 06/01/12 Pathfinder Cell Therapy, Inc. DE 2.03,3.02 05/25/12 Patriot Coal CORP DE 5.02,7.01,9.01 05/28/12 Patriot Minefinders Inc. NV 8.01 06/01/12 PennantPark Floating Rate Capital Ltd 7.01,9.01 06/01/12 PENSON WORLDWIDE INC DE 1.01,1.02,2.05,8.01, 05/31/12 9.01 PERFICIENT INC DE 7.01,9.01 06/01/12 PINNACLE AIRLINES CORP DE 7.01,9.01 05/31/12 PIPER JAFFRAY COMPANIES DE 1.01,9.01 05/30/12 POPE RESOURCES LTD PARTNERSHIP DE 8.01,9.01 06/01/12 PostRock Energy Corp DE 1.01,8.01 05/31/12 PPL Corp 7.01,9.01 06/01/12 Precision Aerospace Components, Inc. 1.01,1.02,2.01,2.03, 06/01/12 9.01 PRIMUS TELECOMMUNICATIONS GROUP INC DE 2.01,7.01,9.01 05/31/12 QR Energy, LP DE 8.01,9.01 06/01/12 Quanex Building Products CORP DE 7.01,9.01 05/31/12 RADIAN GROUP INC DE 5.02 05/30/12 RealD Inc. DE 1.01 05/29/12 RECOVERY ENERGY, INC. NV 5.02,9.01 05/30/12 RESPONSYS INC CA 1.01,5.02,5.07,9.01 05/30/12 RITE AID CORP DE 8.01 05/31/12 Riverbed Technology, Inc. DE 5.07 05/30/12 Rosetta Resources Inc. DE 7.01,9.01 06/01/12 ROYAL CARIBBEAN CRUISES LTD 5.07 05/31/12 ROYAL GOLD INC DE 1.01,2.03,8.01,9.01 05/30/12 SABA SOFTWARE INC DE 1.01,3.01,9.01 05/31/12 SANDERSON FARMS INC MS 2.02,9.01 05/29/12 SANUWAVE Health, Inc. NV 5.02 05/25/12 Sara Lee Corp MD 1.01,2.03,5.02,8.01, 05/29/12 9.01 SAVE THE WORLD AIR INC NV 8.01,9.01 05/24/12 Scio Diamond Technology Corp NV 3.02,5.02 05/07/12 SEACOAST BANKING CORP OF FLORIDA FL 8.01 05/30/12 SEARS HOLDINGS CORP DE 8.01,9.01 05/31/12 SEMTECH CORP DE 2.01,9.01 03/20/12 AMEND SENIOR HOUSING PROPERTIES TRUST MD 8.01,9.01 05/29/12 SERVICESOURCE INTERNATIONAL, INC. 5.07 05/30/12 Shire plc 8.01,9.01 06/01/12 ShopEye, Inc. CA 5.02 06/01/12 SHUFFLE MASTER INC MN 5.02 05/28/12 SIGA TECHNOLOGIES INC DE 8.01,9.01 06/01/12 SIMMONS FIRST NATIONAL CORP AR 8.01,9.01 05/31/12 SKYLINE CORP IN 5.02 06/01/12 SL GREEN REALTY CORP MD 3.02,8.01,9.01 06/01/12 SMART BALANCE, INC. DE 1.01,7.01,9.01 05/31/12 SMTP, Inc. DE 5.07 06/01/12 SOUTHERN CALIFORNIA GAS CO CA 5.02 05/29/12 SPECTRANETICS CORP DE 5.02,9.01 05/31/12 SPECTRANETICS CORP DE 5.07 05/31/12 SPS COMMERCE INC 5.02 05/30/12 SRS LABS INC DE 8.01,9.01 05/30/12 SS&C Technologies Holdings Inc DE 5.07 05/30/12 STRATS SM TRUST FOR IBM CORP SEC SERI 8.01,9.01 05/29/12 SUBURBAN PROPANE PARTNERS LP DE 7.01 06/01/12 Sucampo Pharmaceuticals, Inc. 5.07 05/25/12 SUNRISE SENIOR LIVING INC DE 2.06,8.01,9.01 05/29/12 TALBOTS INC DE 1.01,3.03,9.01 05/30/12 TAMPA ELECTRIC CO FL 8.01,9.01 05/31/12 TD AMERITRADE HOLDING CORP DE 8.01,9.01 06/01/12 TE Connectivity Ltd. V8 5.03,9.01 06/01/12 Teavana Holdings Inc 5.07 06/01/12 Thermon Group Holdings, Inc. DE 2.02,9.01 05/31/12 THESTREET, INC. DE 5.02,5.07 06/01/12 THQ INC DE 5.02,9.01 05/25/12 Timberline Resources Corp DE 7.01,9.01 06/01/12 Tornier N.V. P7 7.01 06/01/12 TOWER FINANCIAL CORP IN 8.01 06/01/12 Towers Watson & Co. DE 2.03,7.01,9.01 05/29/12 TRANS WORLD CORP NV 5.07 05/30/12 TRANSACT TECHNOLOGIES INC DE 5.07 05/30/12 TRUSTMARK CORP MS 1.01,9.01 05/28/12 TUTOR PERINI Corp MA 5.02,5.07,7.01,9.01 05/31/12 Twin Cities Power Holdings, LLC MN 1.01 05/29/12 TWO RIVERS WATER Co CO 7.01 06/01/12 Ulta Salon, Cosmetics & Fragrance, In DE 5.07 05/31/12 Unilife Corp DE 1.02 05/29/12 UNITED ONLINE INC DE 5.07 05/31/12 UNITED TECHNOLOGIES CORP /DE/ DE 8.01,9.01 06/01/12 UNIVERSAL AMERICAN CORP. DE 5.02,5.07 05/30/12 UNIVEST CORP OF PENNSYLVANIA PA 8.01,9.01 05/31/12 US Highland, Inc. OK 1.01,2.03,9.01 06/01/12 USEC INC DE 1.01,9.01 06/01/12 VALHI INC /DE/ DE 5.07,7.01,9.01 05/31/12 VALHI INC /DE/ DE 5.07 05/31/12 AMEND Vanguard Minerals CORP 5.01,5.02 05/30/12 VERINT SYSTEMS INC DE 7.01,9.01 06/01/12 VIASYSTEMS GROUP INC DE 2.01,8.01,9.01 05/31/12 VISTA GOLD CORP B0 5.02,7.01,9.01 05/29/12 Vocus, Inc. DE 8.01 05/30/12 VOXX International Corp DE 8.01 05/25/12 Walter Energy, Inc. DE 5.02,7.01,9.01 06/01/12 WARREN RESOURCES INC MD 5.02,9.01 05/30/12 AMEND WATERSIDE CAPITAL CORP VA 2.04,9.01 05/24/12 WebMD Health Corp. DE 5.02,9.01 05/29/12 WebMD Health Corp. DE 8.01 06/01/12 WebXU, Inc. DE 1.01,3.02,9.01 06/01/12 Western Refining, Inc. DE 8.01,9.01 05/31/12 WHIRLPOOL CORP /DE/ DE 1.01,2.03,9.01 05/29/12 WILSHIRE BANCORP INC 5.03,5.07,9.01 05/30/12 WNC CALIFORNIA HOUSING TAX CREDITS II CA 2.02,9.01 06/01/12 WNC HOUSING TAX CREDIT FUND III L P CA 2.02,9.01 06/01/12 WNC HOUSING TAX CREDIT FUND IV L P SE CA 2.02,9.01 06/01/12 WNC HOUSING TAX CREDIT FUND IV L P SE CA 2.02,9.01 06/01/12 WNC HOUSING TAX CREDIT FUND VI LP SER CA 2.02,9.01 06/01/12 XCel Brands, Inc. DE 3.02,5.02 06/01/12 YANEX GROUP, INC. NV 5.01,5.02,8.01 05/28/12 ZILLOW INC WA 2.01,7.01,9.01 05/31/12