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U.S. Securities and Exchange Commission

SEC News Digest

Issue 2013-38
February 26, 2013

Commission announcements

SEC to Host Credit Ratings Roundtable

The Securities and Exchange Commission today announced that it will hold a Credit Ratings Roundtable on May 14 in response to a recent staff report on credit ratings and related matters.

The event will be held at the SEC’s headquarters in Washington, D.C., and will be open to the public and webcast live on the SEC’s website.  Information on the agenda and participants will be issued at a later date.

A recent report by the SEC staff, required by the Dodd-Frank Wall Street Reform and Consumer Protection Act, recommended that the Commission convene a roundtable to discuss the staff’s report.  The roundtable will provide a forum for discussion of the staff’s Report on Assigned Credit Ratings.  (Press Rel. 2013-27)

Enforcement Proceedings

SEC Charges Connecticut-Based Hedge Fund Managers With Fraud

The Securities and Exchange Commission today charged a pair of hedge fund managers and their Connecticut-based advisory firm New Stream Capital with lying to investors about their fund’s structure and financial condition before it failed during the financial crisis. 

The SEC alleges that the firm’s co-owners David Bryson and Bart Gutekunst secretly revised the fund’s capital structure before it collapsed in order to placate its largest investor, Gottex Fund Management.  Bryson and Gutekunst then directed New Stream’s marketing department to continue marketing the hedge fund as though all investors were on the same footing when in fact Gottex had priority over other fund investors in the event of the fund’s liquidation.

The SEC additionally charged New Stream’s former chief financial officer Richard Pereira and former head of investor relations Tara Bryson, who is David Bryson’s sister.  She agreed to settle the SEC’s charges.  New Stream’s Cayman Islands affiliate also was charged in the scheme, which allowed the hedge fund managers to raise nearly $50 million and receive lucrative fees while leaving investors with nearly worthless holdings when the fund went bankrupt.

 “Hedge fund managers who put greed ahead of full disclosure to investors violate a fundamental trust,” said George S. Canellos, Acting Director of the SEC’s Division of Enforcement.  “Bryson and Gutekunst told investors they were all investing on equal terms when in fact some were investing in a fund that had been secretly restructured to their detriment.”

In a parallel action, the U.S. Attorney for the District of Connecticut today announced criminal charges against Bryson, Gutekunst, and Pereira.

According to the SEC’s complaint filed in federal court in Connecticut, New Stream managed a $750 million hedge fund focused on illiquid investments in asset-based lending.  In March 2008, Bryson and Gutekunst revised the fund’s capital structure after Gottex, a fund manager with nearly $300 million invested in New Stream, had threatened to redeem its investment.  A restructuring of the New Stream hedge fund a few months earlier had created two new feeder funds and eliminated the preferential liquidation rights previously enjoyed by the feeder fund through which Gottex had invested.  Bryson told others at New Stream that if Gottex withdrew, the firm’s hedge fund business would “tank.”

The SEC alleges that revealing to all investors that New Stream restructured to favor Gottex would have made it much harder for the firm to attract and retain investors.  Public disclosure also would have jeopardized cash flow from a lucrative fee arrangement that the fund’s managers put in place in late 2007.  So the fund instead used misleading marketing documents that omitted the change, and Pereira as CFO falsified the fund’s financial statements to conceal the restructuring.  Investors who asked about redemption levels were not told about the Gottex redemption request and others that followed.  For example, Gutekunst falsely told one investor in June 2008 that there was nothing remarkable about the level of redemptions that New Stream had received and that there were no liquidity concerns.

According to the SEC’s complaint, as the financial crisis worsened in September 2008, New Stream was facing $545 million in redemption requests and was forced to suspend further redemptions and cease raising new funds.  After several failed attempts at restructuring, New Stream and its affiliated entities filed for bankruptcy in March 2011. 

The SEC’s complaint charges Bryson, Gutekunst, and Pereira with violating 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.  Bryson and Gutekunst are charged with violating Sections 206(1), 206(2) and 206(4) of the Investment Advisers Act of 1940 and Rule 206(4)-8 thereunder, and Pereira is charged with aiding and abetting their violations of Section 206(4).  The SEC is seeking a variety of sanctions and relief against them including injunctions, disgorgement of ill-gotten gains with prejudgment interest, and penalties.

In the settlement with Tara Bryson, which is subject to court approval, she agreed to be permanently enjoined from further violations of the provisions of the securities laws at issue in this case.  She also agreed to be permanently barred from the securities industry.

The SEC’s investigation, which is continuing, was conducted by Sheldon Pollock, Lisa Knoop, Alan Maza, Kevin McGrath, Alistaire Bambach, Scott York, and George Stepaniuk of the New York Regional Office.  The SEC appreciates the assistance of the U.S. Attorney’s Office for the District of Connecticut, the Federal Bureau of Investigation, and the U.S. Department of Labor’s Office of Labor Racketeering and Fraud Investigations.  (Press Rel. 2013-28)

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

Today 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 seven companies for failure to make required periodic filings with the Commission:

  • My Complete Care, Inc.
  • New Midwest Co., LLC
  • NRG, Inc.
  • Nugent Aerospace, Inc.
  • Otter Tail Ag Enterprises, LLC
  • Raines Lenders LP
  • Sadhana Equity Investments, Inc.

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

In this proceeding, instituted pursuant to Exchange Act Section 12(j), a hearing will be scheduled before an Administrative Law Judge.  At the hearing, the 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. 34-68986; File No. 3-15217)

Former StarMedia Executive Agrees to Settlement in SEC Litigation

The U.S. Securities and Exchange Commission today announced that on February 6, 2013, the U.S. District Court for the Southern District of New York entered a settled final judgment as to Peter R. Morales, the former Controller and Vice President, Finance, for StarMedia Network, Inc., a now-defunct Internet portal, in Securities and Exchange Commission v. Fernando J. Espuelas et al., Civil Action No. 06 CV 2435 (PAE) (S.D.N.Y. filed Mar. 29, 2006).  The Commission’s amended complaint charged violations of the federal securities laws by eight former StarMedia executives alleging, in relevant part, that for fiscal year 2000 and the first two quarters of fiscal year 2001, StarMedia’s books and records misstated the company’s revenue.  Without admitting or denying the allegations in the amended complaint, Morales consented to the entry of the Final Judgment permanently enjoining him from future violations of the corporate books and records and lying to auditors provisions of the federal securities laws, and from aiding and abetting violations of the periodic reporting and books and records provisions, and ordering him to pay a civil penalty of $10,000.

The Commission had previously settled with six other defendants.  In addition, on October 26, 2012, the court granted defendant Betsy D. Scolnik’s motion for summary judgment and ordered that the clerk terminate her as a defendant from the case.  Accordingly, the Commission’s litigation is concluded.  [SEC v. Fernando J. Espuelas et al., Civil Action No. 06 CV 2435 (PAE) (S.D.N.Y.)] (LR-22624; AAE Rel. 3446)


Notice of Applications for Deregistration under the Investment Company Act of 1940

For the month of February 2013, a notice has been issued giving interested persons until March 19, 2013, to request a hearing on any of the following applications for an order under Section 8(f) of the Investment Company Act of 1940 declaring that the applicant has ceased to be an investment company:

  • Legg Mason Global Trust Inc. [File No. 811-7418]
  • Legg Mason Charles Street Trust Inc. [File No. 811-8611]
  • Separate Account VA QQ [File No. 811-22556]

(Rel. IC-30403 - February 22)


Accelerated Approval of Proposed Rule Change

The Commission granted accelerated approval of a proposed rule change, as modified by Amendments No. 1 and No. 2, filed by NYSE Arca, Inc. (SR-NYSEArca-2012-66) pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 and Rule 19b-4 thereunder to list and trade Shares of the iShares Copper Trust pursuant to NYSE Arca Equities Rule 8.201.  Publication is expected in the Federal Register during the week of February 25.  (Rel. 34-68973)

Approval of Proposed Rule Change

The Commission granted approval of a proposed rule change (SR-DTC-2012-10), as Modified by Amendment No. 2 thereto, filed by The Depository Trust Corporation (DTC) under Section 19(b)(2) of the Securities Exchange Act of 1934 to reduce liquidity risk relating to its processing of maturity and income presentments and issuances of money market instruments.  Publication is expected in the Federal Register during the week of February 25.  (Rel. 34-68983)

Proposed Rule Change

BATS Y-Exchange, Inc. has filed a proposed rule change (SR-BYX-2013-008) under Rule 19b-4 of the Securities Exchange Act of 1934 to amend the attestation requirement of Rule 11.24 to allow a Retail Member Organization to attest that “substantially all” orders submitted to the Retail Price Improvement Program will qualify as “retail orders.”  Publication is expected in the Federal Register during the week of February 25.  (Rel. 34-68975)

Immediate Effectiveness of Proposed Rule Changes

A proposed rule change filed by The NASDAQ Stock Market LLC relating to routing fees to C2 (SR-NASDAQ-2013-029) 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 February 25.  (Rel. 34-68976)

A proposed rule change filed by C2 Options Exchange, Incorporated (SR-C2-2013-009) to amend the Fees Schedule 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 February 25.  (Rel. 34-68980)

Notice of No Objection to Advance Notice

The Commission has issued a notice of no objection to an advance notice (SR-DTC-2012-810), as modified by Amendment No. 1 thereto, filed by The Depository Trust Company (DTC) under Section 806(e)(1)(I) of the Payment, Clearing, and Settlement Supervision Act of 2010 to reduce liquidity risk relating to its processing of maturity and income presentments and issuances of money market instruments.  Publication is expected in the Federal Register during the week of February 25.  (Rel. 34-68982)


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.

F-3ASR  Scorpio Tankers Inc., 150 EAST 58TH STREET, NEW YORK, NY, 10155, 
        212-542-1616 - 0 ($0.00) Unallocated (Universal) Shelf, 
        (File 333-186815 - Feb. 25) (BR. 05B)

S-8     SUNPOWER CORP, 77 RIO ROBLES, SAN JOSE, CA, 95134, 408-240-5500 - 
        3,577,028 ($42,459,322.36) Equity, (File 333-186821 - Feb. 25) (BR. 10B)

S-3     Renewable Energy Group, Inc., 416 S. BELL AVENUE, AMES, IA, 50010, 
        515-239-8000 - 0 ($155,438,000.00) Unallocated (Universal) Shelf, 
        (File 333-186822 - Feb. 25) (BR. 06B)

        562-353-4400 - 0 ($0.00) Unallocated (Universal) Shelf, 
        (File 333-186823 - Feb. 25) (BR. 02A)

S-1     Titan Iron Ore Corp., 3040 N. CAMPBELL AVE., SUITE 110, TUCSON, AZ, 
        85719, (520) 989-0020 - 12,906,300 ($2,452,197.00) Other, 
        (File 333-186826 - Feb. 25) (BR. 03A)

S-8     NeuroMetrix, Inc., 62 FOURTH AVENUE, WALTHAM, MA, 02451, 
        (781) 890-9989 - 16,667 ($39,834.00) Equity, (File 333-186827 - 
        Feb. 25) (BR. 10B)

        888 829 8748 - 12,479,963 ($2,371,193.00) Equity, (File 333-186833 - 
        Feb. 25) (BR. 04A)

        AMSTERDAM, P7, 1096 BC, 31 20 59 77777 - 
        97,500,000 ($2,859,675,000.00) Equity, (File 333-186849 - Feb. 25) 
        (BR. 10B)

        60015, 847-597-3200 - 1,500,000 ($1,320,000.00) Equity, 
        (File 333-186850 - Feb. 25) (BR. 05A)

        5096231500 - 16,236,000 ($16,236,000.00) Debt Convertible into Equity, 
        7,959,265 ($22,126,756.00) Equity, (File 333-186851 - Feb. 25) (BR. 09B)

S-1     CUBIC CORP /DE/, 9333 BALBOA AVE, SAN DIEGO, CA, 92123, 858 623-0489 - 
        0 ($125,000,000.00) Equity, (File 333-186852 - Feb. 25) (BR. 10A)

S-B     FMS WERTMANAGEMENT, Prinzregentenstrasse 56, Munich, 2M, 80538, 
        49-89-954-7627-301 - 0 ($5,000,000,000.00) Debt, (File 333-186853 - 
        Feb. 25) (BR. DN)

        37129, 6158909100 - 1,500,000 ($97,875,000.00) Equity, 
        (File 333-186854 - Feb. 25) (BR. 08B)

S-3     NeuroMetrix, Inc., 62 FOURTH AVENUE, WALTHAM, MA, 02451, 
        (781) 890-9989 - 0 ($20,000,000.00) Equity, (File 333-186855 - Feb. 25) 
        (BR. 10B)

        6123305500 - 6,335,000 ($177,380,000.00) Equity, (File 333-186856 - 
        Feb. 25) (BR. 02C)

S-8     PROS Holdings, Inc., 3100 MAIN STREET, SUITE 900, HOUSTON, TX, 77002, 
        713-335-5151 - 900,000 ($22,626,000.00) Equity, (File 333-186857 - 
        Feb. 25) (BR. 03C)


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


3D SYSTEMS CORP                         DE       2.02,7.01,9.01       02/25/13

3D SYSTEMS CORP                         DE       7.01,8.01,9.01       02/25/13

ACL I Corp                              DE       2.02,7.01,9.01       02/25/13

ADEPT TECHNOLOGY INC                    DE       5.02,9.01            02/25/13

AETNA INC /PA/                          PA       7.01                 02/25/13

AFFYMAX INC                             DE       8.01,9.01            02/23/13

ALBEMARLE CORP                          VA       5.02,9.01            02/22/13

ALICO INC                               FL       5.07,9.01            02/22/13

ALLIANCE DATA SYSTEMS CORP              DE       5.02,9.01            02/21/13

Allied Nevada Gold Corp.                DE       2.02,7.01,9.01       02/22/13

Alliqua, Inc.                           FL       3.02,9.01            02/22/13

Alpha Natural Resources, Inc.           DE       7.01,9.01            02/25/13

ALTERA CORP                             DE       1.01                 02/21/13

AMBASSADORS GROUP INC                   DE       1.01,5.02,9.01       02/25/13

AMERICAN BAR ASSOCIATION MEMBERS / NO   IL       1.02                 02/22/13

AMERICAN FINANCIAL GROUP INC            OH       5.02,9.01            02/21/13

AMERICAN MEDIA INC                      DE       7.01,9.01            02/25/13

AMERICAN NATIONAL INSURANCE CO /TX/     TX       2.02,9.01            02/25/13

AMERISOURCEBERGEN CORP                  DE       8.01,9.01            02/25/13

AMERITRANS CAPITAL CORP                 DE       8.01                 02/22/13

AMSURG CORP                             TN       2.02,7.01,9.01       12/31/12

ANALYSTS INTERNATIONAL CORP                      7.01,9.01            02/22/13

ANHUI TAIYANG POULTRY CO INC            DE       5.02,9.01            02/12/13

Anthera Pharmaceuticals Inc             DE       8.01                 02/22/13

APOLLO GROUP INC                        AZ       8.01                 02/22/13

APRIA HEALTHCARE GROUP INC              DE       5.02                 02/19/13

AQUA AMERICA INC                        PA       2.02,9.01            02/25/13

ARBITRON INC                            DE       2.02,9.01            02/25/13

ARENA PHARMACEUTICALS INC               DE       7.01                 02/25/13

ARIAD PHARMACEUTICALS INC               DE       2.02,7.01,8.01,9.01  02/25/13

Armour Residential REIT, Inc.           MD       7.01,9.01            02/25/13

ARROW ELECTRONICS INC                   NY       5.02,9.01            02/19/13

ARTS WAY MANUFACTURING CO INC           DE       2.02,9.01            02/25/13

ARTS WAY MANUFACTURING CO INC           DE       9.01                 05/10/12    AMEND

Astex Pharmaceuticals, Inc              DE       2.02,9.01            02/25/13

Athens Bancshares Corp                           8.01,9.01            02/20/13

ATOSSA GENETICS INC                     DE       8.01                 02/21/13

Augme Technologies, Inc.                DE       5.02,8.01,9.01       02/25/13

AUTHENTIDATE HOLDING CORP               DE       3.01                 02/20/13

AUTODESK INC                            DE       2.02,9.01            02/25/13

AVID TECHNOLOGY, INC.                   DE       7.01                 02/25/13

AXIS CAPITAL HOLDINGS LTD                        5.02,9.01            02/22/13

AXT INC                                 DE       2.02,9.01            02/25/13

BARNES & NOBLE INC                      DE       8.01,9.01            02/25/13

BELDEN INC.                             DE       9.01                 12/10/12    AMEND

BIO REFERENCE LABORATORIES INC          NJ       2.02,9.01            02/25/13

BLUE RIDGE REAL ESTATE CO               PA       1.01,9.01            02/21/13

BOISE INC.                              DE       5.02,9.01            02/25/13

Bravo Brio Restaurant Group, Inc.       OH       2.02,9.01            02/25/13

BUCKEYE PARTNERS, L.P.                  DE       8.01,9.01            02/25/13

BUCKEYE PARTNERS, L.P.                  DE       5.03,9.01            02/21/13

Bullfrog Gold Corp.                     DE       4.02                 02/25/13

CAESARS ENTERTAINMENT Corp              DE       2.02,9.01            02/25/13

Cape Bancorp, Inc.                      MD       8.01,9.01            02/25/13

CARRIAGE SERVICES INC                   DE       2.02,9.01            02/25/13

CATERPILLAR FINANCIAL SERVICES CORP     DE       8.01,9.01            02/25/13

CD INTERNATIONAL ENTERPRISES, INC.      FL       7.01,9.01            02/25/13

CenterState Banks, Inc.                 FL       7.01                 02/25/13

CENTRAL EUROPEAN DISTRIBUTION CORP      DE       2.02                 02/25/13

Chemtura CORP                           DE       2.02,9.01            02/25/13

CHENIERE ENERGY INC                     DE       7.01,9.01            02/25/13

Cheniere Energy Partners, L.P.          DE       1.01,7.01,9.01       02/24/13

Cheniere Energy Partners, L.P.          DE       7.01,9.01            02/25/13

CHESAPEAKE ENERGY CORP                  OK       7.01,9.01            02/25/13

Chesapeake Lodging Trust                MD       8.01                 02/21/13

CHINA FUND INC                          MD       7.01,9.01            01/31/13

CHINA VALVES TECHNOLOGY, INC            NV       5.02                 02/25/13

CHUY'S HOLDINGS, INC.                   DE       2.02,9.01            02/25/13

CLEAN DIESEL TECHNOLOGIES INC           DE       1.01,9.01            02/19/13

Clearfield, Inc.                        MN       5.07                 02/21/13

Colfax CORP                             DE       1.01,9.01            02/22/13

COMMERCIAL BARGE LINE CO                DE       2.02,7.01,9.01       02/18/13

CommonWealth REIT                       MD       2.02,9.01            02/25/13

CommonWealth REIT                       MD       8.01,9.01            02/25/13

Consorteum Holdings, Inc.               NV       4.01,9.01            02/11/13

Constant Contact, Inc.                  DE       2.02,5.02,8.01,9.01  02/20/13

CONSTELLATION BRANDS, INC.         	   DE      1.01,1.02,2.03,8.01, 02/13/13    AMEND
CONSUMER PORTFOLIO SERVICES INC         CA       7.01,9.01            02/25/13

COOPER TIRE & RUBBER CO                 DE       2.02,9.01            02/25/13

Cooper-Standard Holdings Inc.           DE       2.02,9.01            02/25/13

CORNERSTONE THERAPEUTICS INC            DE       8.01,9.01            02/20/13

CORONADO BIOSCIENCES INC                DE       1.01,9.01            02/22/13

COVANCE INC                             DE       5.02,5.03,9.01       02/19/13

CRAWFORD & CO                           GA       7.01,9.01            02/25/13

Crimson Wine Group, Ltd                 DE       1.01,3.03,5.01,5.02, 02/25/13
CUBIC CORP /DE/                         DE       1.01,9.01            02/25/13

CVB FINANCIAL CORP                      CA       8.01                 02/21/13

CYBEROPTICS CORP                        MN       2.02,9.01            02/25/13

DAILY JOURNAL CORP                      SC       5.07                 02/06/13

DAKTRONICS INC /SD/                     SD       5.02,9.01            02/21/13

DC BRANDS INTERNATIONAL INC             CO       5.02                 02/19/13

Dealertrack Technologies, Inc           DE       2.01,2.02,9.01       02/25/13

DecisionPoint Systems, Inc.             DE       5.02,9.01            02/19/13

DENDREON CORP                           DE       2.02,5.02,9.01       02/22/13

DESTINATION XL GROUP, INC.              DE       5.03,8.01,9.01       02/22/13

Development Capital Group, Inc.         FL       5.01,5.02,8.01       02/19/13

DIAGNOSTIC IMAGING INTERNATIONAL CORP   NV       2.01,9.01            12/10/12

Digital Generation, Inc.                DE       8.01                 02/21/13

DOLE FOOD CO INC                        DE       5.02,8.01,9.01       02/21/13

DONALDSON CO INC                        DE       2.02,9.01            02/25/13

Duff & Phelps Corp                      DE       2.02,9.01            02/25/13

DYNAVAX TECHNOLOGIES CORP               DE       8.01,9.01            02/25/13

EAGLE ROCK ENERGY PARTNERS L P          DE       2.02,7.01,9.01       02/25/13

EMPIRE DISTRICT ELECTRIC CO             KS       8.01                 02/22/13

ENDO HEALTH SOLUTIONS INC.              DE       5.02,9.01            02/24/13

ENDOCYTE INC                            DE       2.02,9.01            02/25/13

Energy Future Holdings Corp /TX/        TX       5.02,9.01            02/25/13

EQT Midstream Partners, LP              DE       5.02,7.01,9.01       02/22/13

ESCALADE INC                            IN       2.02,9.01            02/25/13

EXELON CORP                             PA       8.01                 02/22/13

Express Scripts Holding Co.             DE       7.01                 02/21/13

EZCORP INC                              DE       5.07,7.01            02/25/13

FERRELLGAS PARTNERS L P                 DE       7.01                 02/25/13

FINANCIAL INSTITUTIONS INC              NY       5.02,9.01            02/20/13

FIRST COMMUNITY BANCSHARES INC /NV/     NV       5.02,9.01            02/21/13

FIRSTENERGY CORP                        OH       2.02,9.01            02/25/13

FIRSTMERIT CORP /OH/                    OH       1.01,9.01            02/19/13

FLORIDA GAMING CORP                     DE       8.01,9.01            02/22/13

Freescale Semiconductor, Ltd.           D0       8.01                 02/19/13

FUTURE ENERGY CORP.                              7.01,9.01            02/25/13

GATEWAY ENERGY CORP/NE                  DE       5.02                 02/19/13

GENERAC HOLDINGS INC.                   DE       1.01,9.01            02/20/13

GENERAL CABLE CORP /DE/                 DE       2.02,9.01            02/25/13

General Moly, Inc                       DE       8.01                 02/20/13

GIGA TRONICS INC                        CA       1.01,3.02,3.03,5.03, 02/19/13
GLEACHER & COMPANY, INC.                DE       5.02,7.01,8.01,9.01  02/23/13

GLIMCHER REALTY TRUST                   MD       1.01,2.03            02/20/13

Global Geophysical Services Inc         DE       2.02,5.02,9.01       02/25/13

Global Indemnity plc                    L2       2.02,9.01            02/25/13

GLOBALSCAPE INC                         DE       7.01,9.01            02/25/13

Globalstar, Inc.                        DE       5.02                 02/25/13

GOODYEAR TIRE & RUBBER CO /OH/          OH       8.01,9.01            02/20/13

GREATBATCH, INC.                        DE       2.02,9.01            02/25/13

GREENE COUNTY BANCORP INC               DE       8.01                 02/19/13

Griffin Capital Essential Asset REIT,            5.03,7.01,9.01       02/25/13

GULF ISLAND FABRICATION INC             LA       8.01,9.01            02/25/13

HALOZYME THERAPEUTICS INC               DE       2.02,9.01            02/21/13

HANGER, INC.                            DE       7.01,9.01            02/25/13

HARLAND CLARKE HOLDINGS CORP            DE       2.02,9.01            02/25/13

HARMONIC ENERGY, INC.                   NV       1.01,9.01            02/19/13

HARRIS TEETER SUPERMARKETS, INC.        NC       5.02,5.07,9.01       02/21/13

Hartman Short Term Income Properties    MD       9.01                 02/25/13    AMEND

HARVEST NATURAL RESOURCES, INC.         DE       1.02,7.01,9.01       02/19/13

HEALTH CARE REIT INC /DE/               DE       2.02,9.01            02/25/13

HECLA MINING CO/DE/                     DE       2.02,8.01,9.01       02/25/13

HERSHA HOSPITALITY TRUST                MD       9.01                 06/18/12    AMEND

HERTZ CORP                              DE       2.02,7.01,9.01       02/25/13

HERTZ GLOBAL HOLDINGS INC                        2.02,7.01,9.01       02/25/13

HESKA CORP                              DE       2.02,9.01            12/31/12

Hondo Minerals Corp                              8.01                 02/25/13

HOST HOTELS & RESORTS, INC.             MD       8.01,9.01            02/25/13

HUDSON VALLEY HOLDING CORP              NY       7.01,9.01            02/25/13

HUMANA INC                              DE       5.02,9.01            02/25/13

HYPERION THERAPEUTICS INC               DE       2.02,9.01            02/25/13

HYPERION THERAPEUTICS INC               DE       5.02                 02/19/13

IASIS Healthcare LLC                    DE       1.01,2.03,9.01       02/20/13

ICONIX BRAND GROUP, INC.                DE       2.02,9.01            02/20/13

ILLUMINA INC                            DE       2.01,8.01,9.01       02/21/13

IMPAX LABORATORIES INC                  DE       2.02,9.01            02/25/13

ING LIFE INSURANCE & ANNUITY CO         CT       1.01                 02/20/13

ING USA ANNUITY & LIFE INSURANCE CO     IA       1.01                 02/20/13

INTEGRA LIFESCIENCES HOLDINGS CORP      DE       8.01                 02/22/13

INTEGRA LIFESCIENCES HOLDINGS CORP      DE       9.01                 02/25/13

INTERNAP NETWORK SERVICES CORP          DE       5.02,9.01            02/19/13

INTERNATIONAL BANCSHARES CORP           TX       2.02,9.01            02/25/13

International Safety Group, Inc.        NV       5.02,9.01            02/19/13

INTERPUBLIC GROUP OF COMPANIES, INC.    DE       2.02,9.01            02/22/13

Intrepid Potash, Inc.                   DE       7.01,9.01            02/25/13

JOHNSON & JOHNSON                       NJ       8.01,9.01            02/25/13

JONES LANG LASALLE INC                  MD       8.01                 02/19/13

KAMAN CORP                              CT       2.02,9.01            02/25/13

KIMBALL INTERNATIONAL INC               IN       5.02,5.03            02/19/13

KINGSTONE COMPANIES, INC.               DE       8.01,9.01            02/25/13

Kodiak Oil & Gas Corp                   B0       2.02,9.01            02/20/13

LABORATORY CORP OF AMERICA HOLDINGS     DE       7.01                 02/25/13

LABORATORY CORP OF AMERICA HOLDINGS     DE       7.01                 02/25/13

LAKELAND INDUSTRIES INC                 DE       1.01,9.01            02/20/13

LANDAUER INC                            DE       5.07,8.01,9.01       02/21/13

Laredo Petroleum Holdings, Inc.         DE       7.01,9.01            02/25/13

LEUCADIA NATIONAL CORP                  NY       8.01,9.01            02/25/13

Liberty Global, Inc.                    DE       7.01                 02/22/13

LIFE PARTNERS HOLDINGS INC              TX       8.01,9.01            02/25/13

Lithium Exploration Group, Inc.         NV       1.01,9.01            02/19/13

Live Nation Entertainment, Inc.         DE       5.02                 02/22/13

LOWES COMPANIES INC                     NC       2.02,9.01            02/25/13

LSB INDUSTRIES INC                      DE       5.03,9.01            02/22/13

Lyons Liquors Inc.                      NV       1.01,5.01,5.02,9.01  02/25/13

MAC-GRAY CORP                           DE       2.02,9.01            02/25/13

Macquarie Infrastructure CO LLC         DE       2.02,9.01            02/20/13

ManpowerGroup Inc.                      WI       7.01,9.01            02/25/13

MARKEL CORP                             VA       5.02                 02/19/13

Marriott Vacations Worldwide Corp       DE       7.01,9.01            02/25/13

Mead Johnson Nutrition Co               DE       7.01                 02/25/13

MERCADOLIBRE INC                                 2.02,7.01,9.01       02/25/13

META FINANCIAL GROUP INC                DE       8.01,9.01            02/25/13

MICROSTRATEGY INC                       DE       5.02                 02/19/13

MICROSTRATEGY INC                       DE       5.02                 10/19/12    AMEND

MID AMERICA APARTMENT COMMUNITIES INC   TN       1.01,9.01            02/25/13

MILLER HERMAN INC                       MI       7.01                 02/25/13

Montalvo Spirits, Inc.                  NV       1.01,2.01,2.02,3.02, 12/21/12    AMEND
MONTPELIER RE HOLDINGS LTD                       5.02,9.01            02/21/13

Mueller Water Products, Inc.            DE       7.01,9.01            02/25/13

National Interstate CORP                OH       5.02,9.01            02/20/13

NCL CORP Ltd.                           D0       5.02                 02/19/13

NEAH POWER SYSTEMS, INC.                NV       1.01                 02/15/13

Neutral Tandem Inc                               2.06                 02/22/13

NEWS CORP                                        8.01,9.01            02/25/13

NEWTEK BUSINESS SERVICES, INC.          NY       4.02                 02/25/13

NITRO PETROLEUM INC.                             5.02                 02/22/13

Noranda Aluminum Holding CORP           DE       8.01,9.01            02/25/13

NORTHRIM BANCORP INC                    AK       5.02                 02/25/13

NorthStar Real Estate Income Trust, I   MD       8.01                 02/20/13

NORTHSTAR REALTY FINANCE CORP.          MD       1.01,9.01            02/19/13

Norwegian Cruise Line Holdings Ltd.              5.02                 02/19/13

Oasis Petroleum Inc.                    DE       2.02,9.01            02/25/13

ODYSSEY MARINE EXPLORATION INC          NV       1.01                 02/21/13

OMNICARE INC                            DE       7.01,9.01            02/22/13

ONEOK INC /NEW/                         OK       2.02,7.01,9.01       02/25/13

ONEOK Partners LP                       DE       2.02,7.01,9.01       02/25/13

OTELCO INC.                             DE       2.02,9.01            02/25/13

OUTDOOR CHANNEL HOLDINGS INC                     8.01                 02/22/13

OvaScience, Inc.                        DE       2.02,9.01            02/25/13

OVERSTOCK.COM, INC                      DE       5.02,9.01            02/21/13    AMEND

OXYGEN BIOTHERAPEUTICS, INC.            DE       1.01,3.02,8.01,9.01  02/21/13

Pacific Coast Oil Trust                 DE       2.02,9.01            02/25/13

PACIFIC FINANCIAL CORP                  WA       5.02                 02/20/13

Parametric Sound Corp                   NV       5.02,5.07,9.01       02/21/13

PAREXEL INTERNATIONAL CORP              MA       1.01,9.01            02/21/13

PASSPORT POTASH INC                     A8       2.03,3.02,7.01,9.01  02/19/13

PATRICK INDUSTRIES INC                  IN       2.02,8.01,9.01       02/21/13

Patriot Minefinders Inc.                NV       1.01,5.02,9.01       02/22/13

PEAPACK GLADSTONE FINANCIAL CORP        NJ       2.02,9.01            01/31/13

Pebblebrook Hotel Trust                 MD       2.02,9.01            02/21/13

PIEDMONT NATURAL GAS CO INC             NC       1.01,9.01            02/19/13

PLC SYSTEMS INC                         B0       1.01,3.02,9.01       02/25/13

Polonia Bancorp Inc                     MD       5.02                 02/19/13

POLYMER GROUP INC                       DE       5.02                 02/20/13

Polypore International, Inc.                     8.01,9.01            02/25/13

Prestige Brands Holdings, Inc.                   1.01,2.03,9.01       02/25/13

PRO DEX INC                             CO       5.02,9.01            02/25/13

PROVIDENT NEW YORK BANCORP              DE       5.07                 02/25/13

PSS WORLD MEDICAL INC                   FL       1.02,2.04,8.01       02/25/13

PUGET TECHNOLOGIES, INC.                NV       4.01,9.01            01/25/13    AMEND

PVR PARTNERS, L. P.                     DE       1.01,2.03,9.01       02/21/13

QUALSTAR CORP                           CA       8.01,9.01            02/25/13

QUICKSILVER RESOURCES INC               DE       2.02,9.01            02/25/13

RainEarth Inc.                          NV       5.02                 02/21/13

RELIANCE STEEL & ALUMINUM CO            CA       3.03,9.01            02/25/13

RELM WIRELESS CORP                      NV       5.02                 02/20/13

REPUBLIC AIRWAYS HOLDINGS INC           DE       5.03,9.01            02/19/13

Riverbed Technology, Inc.               DE       5.02,9.01            02/20/13

ROLLINS INC                             DE       7.01,9.01            02/22/13

S&W Seed Co                             NV       8.01,9.01            02/25/13

SALEM COMMUNICATIONS CORP /DE/          DE       2.02,7.01,8.01,9.01  02/25/13

SAVVY BUSINESS SUPPORT INC              NV       5.01,9.01            02/22/13

SCRIPPS E W CO /DE                      OH       5.02                 02/21/13

SEALED AIR CORP/DE                      DE       7.01,9.01            02/22/13

SELECT MEDICAL HOLDINGS CORP                     7.01,9.01            02/25/13

SEMPRA ENERGY                           CA       8.01,9.01            02/25/13

SERVICEMASTER CO                        DE       1.01,2.03            02/22/13

SIRONA DENTAL SYSTEMS, INC.             DE       5.07                 02/20/13

SMARTHEAT INC.                          NV       5.02                 02/20/13

Solar America Corp                      WY       5.02                 02/15/13

Solar Capital Ltd.                      MD       2.02,9.01            02/25/13

Solar Senior Capital Ltd.               MD       2.02,9.01            02/25/13

SOURCE FINANCIAL, INC.                           5.03,9.01            02/22/13

SOUTHWEST IOWA RENEWABLE ENERGY, LLC    IA       7.01,8.01,9.01       02/25/13

SOUTHWESTERN ENERGY CO                  DE       7.01                 02/25/13

Spirit Airlines, Inc.                   DE       7.01                 02/25/13

SquareTwo Financial Corp                DE       8.01,9.01            02/25/13

ST JUDE MEDICAL INC                     MN       8.01,9.01            02/25/13

STAGE STORES INC                        NV       8.01,9.01            02/22/13

Star Gold Corp.                         NV       3.02                 02/17/13

State Auto Financial CORP               OH       2.02,7.01,9.01       02/19/13

STIFEL FINANCIAL CORP                   DE       2.02,9.01            02/25/13

STONE ENERGY CORP                       DE       2.02,7.01,9.01       02/25/13

STRATS SM TRUST FOR Goldman Sachs Cap            8.01,9.01            02/15/13

STRATS SM TRUST FOR GOLDMAN SACHS GRO            8.01,9.01            02/15/13

STRATS(SM) Trust For Goldman Sachs Ca            8.01,9.01            02/15/13

Sunshine Biopharma, Inc                 CO       4.01,9.01            02/25/13

SUNWIN STEVIA INTERNATIONAL, INC.                4.01,9.01            02/21/13

Swingplane Ventures, Inc.               NV       2.01,3.02,3.03,5.01, 02/15/13

SYKES ENTERPRISES INC                   FL       2.02,9.01            02/25/13

SYNTHESIS ENERGY SYSTEMS INC            DE       8.01                 02/25/13

T.O ENTERTAINMENT, INC.                 CO       5.02                 12/19/12

TAPIMMUNE INC                           NV       5.02,9.01            02/06/13

TCF FINANCIAL CORP                      DE       5.02,9.01            02/19/13

TEL INSTRUMENT ELECTRONICS CORP         NJ       2.02,9.01            02/21/13

TEMPUR PEDIC INTERNATIONAL INC          DE       8.01,9.01            02/25/13

TESSERA TECHNOLOGIES INC                DE       5.02,8.01,9.01       02/22/13

Texas Gulf Energy Inc                   NV       7.01,9.01            02/25/13

Texas Rare Earth Resources Corp.        DE       5.07                 02/15/13

TFS Financial CORP                      DE       5.07                 02/25/13

TG THERAPEUTICS, INC.                   DE       7.01                 02/22/13

TGC INDUSTRIES INC                      TX       2.02,9.01            02/25/13

Thompson Creek Metals CO Inc.           A6       2.02,7.01            02/25/13

TITAN INTERNATIONAL INC                 IL       2.02,9.01            02/25/13

TRANS ENERGY INC                        NV       7.01,9.01            02/20/13

Transcept Pharmaceuticals Inc           DE       8.01                 02/21/13

TransUnion Holding Company, Inc.        DE       2.02,9.01            02/25/13

TRIMAS CORP                             DE       5.02,9.01            02/20/13

TRUSTMARK CORP                          MS       7.01,9.01            02/25/13

TRW AUTOMOTIVE HOLDINGS CORP            DE       8.01,9.01            02/25/13

TX Holdings, Inc.                       GA       5.02,9.01            02/23/13

UNIFIED GROCERS, INC.                   CA       5.02,5.07,7.01,9.01  02/20/13

UNITED BANKSHARES INC/WV                WV       5.02                 02/19/13

URS CORP /NEW/                          DE       2.02,9.01            02/25/13

USA Compression Partners, LP                     2.02,9.01            02/25/13

Valeant Pharmaceuticals International   A6       9.01                 12/11/12    AMEND

Vantage Drilling CO                     E9       7.01,9.01            02/25/13

Vestin Realty Mortgage I, Inc.                   2.06,8.01            02/22/13

Vestin Realty Mortgage II, Inc          MD       2.06,8.01            02/22/13

VIASPACE Inc.                                    1.01,3.02,9.01       02/25/13

Viggle Inc.                             DE       8.01                 02/25/13

VITRO DIAGNOSTICS INC                   NV       5.02,7.01,9.01       02/20/13

VIVUS INC                               CA       1.01,9.01            02/21/13

VIVUS INC                               CA       2.02,7.01,9.01       02/25/13

Volcano Corp                            DE       5.02                 02/19/13

VOLKSWAGEN AUTO LEASE/LOAN UNDERWRITT   DE       8.01,9.01            02/21/13

WABASH NATIONAL CORP /DE                DE       5.02                 02/20/13

Walter Energy, Inc.                     DE       7.01,9.01            02/25/13

Warner Chilcott plc                              8.01                 02/22/13

WELLS FARGO & COMPANY/MN                DE       9.01                 02/25/13

WESTMOUNTAIN INDEX ADVISOR INC          CO       1.01,9.01            02/19/13

WhiteHorse Finance, Inc.                DE       8.01,9.01            02/25/13



Modified: 02/26/2013