Commission Charges CBOE for Regulatory Failures
The Securities and Exchange Commission (Commission) today charged the Chicago Board Options Exchange (CBOE) and an affiliate for various systemic breakdowns in their regulatory and compliance functions as a self-regulatory organization, including a failure to enforce or even fully comprehend rules to prevent abusive short selling.
CBOE agreed to pay a $6 million penalty and implement major remedial measures to settle the SEC's charges. The financial penalty is the first assessed against an exchange for violations related to its regulatory oversight. Previous financial penalties against exchanges involved misconduct on the business side of their operations.
Self-regulatory organizations (SROs) must enforce the federal securities laws as well as their own rules to regulate trading on their exchanges by their member firms. In doing so, they must sufficiently manage an inherent conflict that exists between self-regulatory obligations and the business interests of an SRO and its members. An SEC investigation found that CBOE failed to adequately police and control this conflict for a member firm that later became the subject of an SEC enforcement action. CBOE put the interests of the firm ahead of its regulatory obligations by failing to properly investigate the firm's compliance with Regulation SHO and then interfering with the SEC investigation of the firm.
According to the SEC's order instituting settled administrative proceedings, CBOE demonstrated an overall inability to enforce Reg. SHO with an ineffective surveillance program that failed to detect wrongdoing despite numerous red flags that its members were engaged in abusive short selling. CBOE also fell short in its regulatory and compliance responsibilities in several other areas during a four-year period.
"The proper regulation of the markets relies on SROs to aggressively police their member firms and enforce their rules as well as the securities laws," said Andrew J. Ceresney, Co-Director of the SEC's Division of Enforcement. "When SROs fail to regulate responsibly the conduct of their member firms as CBOE did here, we will not hesitate to bring an enforcement action."
Daniel M. Hawke, Chief of the SEC Enforcement Division's Market Abuse Unit, added, "CBOE's failures in this case were disappointing. The public depends on SROs to provide a watchful eye on their exchanges and market activities occurring through them. They must have strong compliance cultures and adequate and dedicated compliance resources to ensure that they do not stray from their bedrock obligation to provide rigorous self-regulation."
According to the SEC's order, CBOE moved its surveillance and monitoring of Reg. SHO compliance from one department to another in 2008, and the transfer of responsibilities adversely affected its Reg. SHO enforcement program. After that transfer, CBOE did not take action against any firm for violations of Reg. SHO as a result of its surveillance or complaints from third parties. Reg. SHO requires the delivery of equity securities to a registered clearing agency when delivery is due, generally three days after the trade date (T+3). If no delivery is made by that time, the firm must purchase or borrow the securities to close out that failure-to-deliver position by no later than the beginning of regular trading hours on the next day (T+4). CBOE failed to adequately enforce Reg. SHO because its staff lacked a fundamental understanding of the rule. CBOE investigators responsible for Reg. SHO surveillance never received any formal training. CBOE never ensured that its investigators even read the rules. Therefore, they did not have a basic understanding of a failure to deliver.
According to the SEC's order, CBOE received a complaint in February 2009 about possible short sale violations involving a customer account at a member firm. CBOE began investigating whether the trading activity violated Rule 204T of Reg. SHO. However, CBOE staff assigned to the case did not know how to determine if a fail existed and were confused about whether Reg. SHO applied to a retail customer. CBOE closed its Reg. SHO investigation later that year.
The SEC's order found that not only did CBOE fail to adequately detect violations and investigate and discipline one of its members, but it also took misguided and unprecedented steps to assist that same member firm when it became the subject of an SEC investigation in December 2009. CBOE failed to provide information to SEC staff when requested, and went so far as to assist the member firm by providing information for its Wells submission to the SEC. The CBOE actually edited the firm's draft submission, and some of the information and edits provided by CBOE were inaccurate and misleading. The SEC brought its enforcement action against the firm in April 2012, and an administrative law judge recently rendered an initial decision in that case.
According to the SEC's order, CBOE had a number of other regulatory and compliance failures at various times between 2008 and 2012. CBOE failed to adequately enforce its firm quote and priority rules for certain orders and trades on its exchange as well as rules requiring the registration of persons associated with its proprietary trading members. CBOE also provided unauthorized "customer accommodation" payments to some members and not others without applicable rules in place, resulting in unfair discrimination. And CBOE and affiliate C2 Options Exchange failed to file proposed rule changes with the SEC when certain trading functions on their exchanges were implemented.
The SEC's order finds that CBOE violated Section 19(b)(1) and Section 19(g)(1) of the Securities Exchange Act as well as Section 17(a) and Rule 17a-1 when it failed to promptly provide information requested by the SEC that the exchange kept in the course of its business, including information related to the member firm that was under SEC investigation for Reg. SHO violations. CBOE and C2 agreed to settle the charges without admitting or denying the SEC's findings. CBOE agreed to pay $6 million, accept a censure and cease-and-desist order, and implement significant undertakings. C2 also agreed to a censure and cease-and-desist order and significant undertakings.
After the SEC began its investigation, CBOE and C2 responded by engaging in voluntary remedial efforts and initiatives. In reaching the settlement, the SEC took into account these remediation efforts and initiatives. CBOE reorganized its Regulatory Services Division, and hired a chief compliance officer and two deputy chief regulatory officers. CBOE updated written policies and procedures, increased the regulatory budget and the hiring of regulatory staff, implemented mandatory training for all staff and management, and hired a third-party consultant to review its Reg. SHO enforcement program. CBOE also conducted a "bottom-up" review of its Regulatory Services Division's independence, began a "gap" analysis to determine whether CBOE or C2 needed to file any additional rules, and reviewed all of CBOE's regulatory surveillances and the exchange's enterprise risk management framework. After the SEC expressed concern about an accommodation payment to a member, CBOE hired outside counsel to investigate and self-reported additional instances of financial accommodations to other members. After considering CBOE's remedial efforts, the SEC determined not to impose limitations upon the activities, functions or operations of CBOE pursuant to Section 19(h)(1) of the Exchange Act.
The SEC's investigation was conducted by Market Abuse Unit members Paul E. Kim and Deborah A. Tarasevich and Structured and New Products Unit member Jill S. Henderson with assistance from market surveillance specialist Brian Shute and trading strategies specialist Ainsley Kerr. The case was supervised by Market Abuse Unit Chief Daniel M. Hawke. (Press Rel. 2013-107)
Commission Revokes Registration of Securities of Vibe Records, Inc. for Failure to Make Required Periodic Filings
On June 11, 2013, the Commission revoked the registration of each class of registered securities of Vibe Records, Inc. (Vibe Records) (stock symbol "VBRE") 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, Vibe Records 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 Vibe Records, 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 Vibe Records' securities pursuant to Section 12(j) of the Exchange Act. This Order settled the proceedings brought against Vibe Records in In the Matter of Griffin Mining, Ltd., et al., Administrative Proceeding File No. 3-15326.
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 . . . .(Rel. 34-69728; File No. 3-15326)
Former Trader Emanuel Goffer Settles SEC Insider Trading Charges
The Commission announced today that on June 7, 2013, The Honorable Richard J. Sullivan of the United States District Court for the Southern District of New York, entered a final judgment against Emanuel Goffer in SEC v. Cutillo et al., 09-CV-9208, an insider trading case the SEC filed on November 5, 2009. In its complaint, the SEC charged nine defendants, including Goffer, a former proprietary trader at the broker-dealer Spectrum Trading, LLC, with insider trading ahead of corporate acquisition announcements.
The SEC's complaint alleged that Zvi Goffer, Emanuel's brother, orchestrated this insider trading scheme in which an attorney with the law firm Ropes & Gray LLP misappropriated from the firm material, nonpublic information concerning potential corporate acquisitions, and tipped the inside information, through another attorney, to Zvi, in exchange for kickbacks. The complaint further alleged that Zvi tipped the information to a number of individuals, including his brother Emanuel. As alleged in the complaint, the tips related to potential acquisitions involving Ropes & Gray clients, including the acquisitions of Alliance Data Systems Corp., Avaya Inc. and 3Com Corp. As alleged in the complaint, Emanuel Goffer traded on the inside information he received from his brother, resulting in illicit profits of more than $1.3 million.
To settle the SEC's charges, Goffer consented to the entry of a final judgment that: (i) permanently enjoins him from violations of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder; and (ii) orders disgorgement plus prejudgment interest of $1,546,021. The disgorgement obligation will be off-set in part by a forfeiture order in a related criminal case, and the remainder waived in light of his financial condition. In related administrative proceedings, Goffer also consented to the entry of an SEC order barring him from association with any broker, dealer, investment adviser, municipal securities dealer or transfer agent, and barring him from participating in any offering of a penny stock. In the related criminal case, Goffer was convicted of securities fraud and conspiracy to commit securities fraud, and was sentenced to three years in prison and ordered to forfeit $761,623. [SEC v. Cutillo et al., Civil Action No. 09-CV-9208 (S.D.N.Y.) (RJS)](LR- 22721)
Federal Court Preliminarily Enjoins Atlanta-Area Registered Representative Blake Richards from Securities Fraud Violations
On June 4, 2013, the Honorable Julie E. Carnes of the Northern District of Georgia, entered an order of preliminary injunction against Blake Richards of Buford, Georgia enjoining the defendant from further violations of the securities laws in connection with allegations that the registered representative misappropriated investor funds. Specifically, Richards is enjoined from further violations of the antifraud provisions of the federal securities laws, Section 17(a) of the Securities Act of 1933 ("Securities Act"), Section 10(b) of the Securities Exchange Act of 1934 ("Exchange Act") and Rule 10b-5 thereunder, and Sections 206 (1) and Section 206 (2) of the Investment Advisers Act of 1940 ("Advisers Act"). The Order continued the freeze of Richards' assets put in place by the Court's order of May 23, 2013, and further prevented the destruction of documents, ordered an accounting and ordered expedited discovery. The Commission also seeks a permanent injunction, disgorgement of ill-gotten gains with prejudgment interest, and civil penalties. Those claims will be adjudicated at a later date. Richards consented to the entry of the order of preliminary injunction, without admitting or denying the allegations of the Commission's complaint.
The Commission's complaint alleged that, since at least 2008, Richards, a registered representative of a broker dealer, misappropriated approximately $2 million from at least seven investors. The majority of the misappropriated funds constituted retirement savings and/or life insurance proceeds from deceased spouses. The Commission further alleged that Richards instructed investors to write out checks to entities under his control with the understanding that Richards would invest their funds in fixed income assets, variable annuities and/or common stock, and that none of these investments were made as represented. None of the investments appeared on the client's brokerage account statements, and Richards received no commission income from these investments. The complaint further alleged that Richards siphoned off the funds entrusted to him for personal use. [SEC v. Blake Richards, Civil Action No. 1:13-CV-1729 (N.D. Ga.)](LR- 22722)
Commission Orders Hearing on Registration Suspension or Revocation against Eight Public Companies for Failure to Make Required Periodic Filings
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 eight companies for failure to make required periodic filings with the Commission:
In this Order, the Division of Enforcement (Division) alleges that the eight 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/or 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. 34-69730; File No. 3-15355)
Commission Revokes Registration of Securities of Kaleidoscope Venture Capital, Inc. for Failure to Make Required Periodic Filings
On June 11, 2013, the Commission revoked the registration of each class of registered securities of Kaleidoscope Venture Capital, Inc. (KLDO) 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, KLDO 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 Kaleidoscope Venture Capital, 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 KLDO's securities pursuant to Section 12(j) of the Exchange Act. This order settled the charges brought against KLDO in In the Matter of Bloggerwave, Inc., et al., Administrative Proceeding File No. 3-15328.
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 . . . .(Rel. 34-69727; File No. 3-15328)
In the Matter of Robert A. Gist
The Commission announced the issuance of an Order Instituting Administrative Proceedings Pursuant to Section 15(b) of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions against Robert A. Gist (Gist) based on the entry of a permanent injunction against him. The Order, which was entered upon Gist's consent, imposes certain associational bars, including bars from association with any broker, dealer, or investment adviser. (Rel. 34-69729; File No. 3-15354)
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.
S-3 AMERICAN EAGLE ENERGY Corp, 2120 WEST LITTLETON BLVD.,, SUITE 300, LITTLETON,, CO, 80120, (303) 385-1230 - 0 ($100,000,000.00) Equity, (File 333-189191 - Jun. 10) (BR. 04A) S-3ASR Valeant Pharmaceuticals International, Inc., 4787 LEVY STREET, MONTREAL, QUEBEC, A8, H4R 2P9, 514-744-6792 - 0 ($0.00) Equity, (File 333-189192 - Jun. 10) (BR. 01A) S-1 INTERCEPT PHARMACEUTICALS INC, 18 Desbrosses Street, NEW YORK, NY, 10013, 646-747-1000 - 0 ($63,320,000.00) Equity, (File 333-189194 - Jun. 10) (BR. 01A) S-3ASR Chemtura CORP, BENSON ROAD, MIDDLEBURY, CT, 06749, 2035732000 - 0 ($0.00) Debt, (File 333-189195 - Jun. 10) (BR. 06A) S-3 Erickson Air-Crane Inc., C/O ERICKSON AIR-CRANE INCORPORATED, 5550 SW MACADAM AVENUE, SUITE 200, PORTLAND, OR, 97239, 503-505-5800 - 0 ($237,865,567.00) Equity, (File 333-189196 - Jun. 10) (BR. 05A) S-4 ING U.S., Inc., 230 PARK AVENUE, NEW YORK, NY, 10169, 860-580-2818 - 0 ($2,600,000,000.00) Debt, (File 333-189199 - Jun. 10) (BR. 01A) S-1 Boston Investment & Development Corp., 675 VFW PARKWAY, SUITE 189, CHESTNUT HILL, MA, 02467, 800-488-2760 - 2,000,000 ($2,000,000.00) Equity, (File 333-189200 - Jun. 10) (BR. 08) S-8 FEEL GOLF CO INC, 510 CENTRAL PARK DRIVE, SANFORD, FL, 32771, 321-397-2072 - 0 ($120,000.00) Equity, (File 333-189209 - Jun. 10) (BR. 05C) S-3 CENTER BANCORP INC, 2455 MORRIS AVE, UNION, NJ, 07083, 9086889500 - 0 ($50,000,000.00) Equity, (File 333-189210 - Jun. 10) (BR. 07C) S-3 Bank of America Auto Receivables Securitization, LLC, 100 N. TRYON STREET, NC1-007-06-82, CHARLOTTE, NC, 28255, 980-388-0951 - 0 ($1.00) Asset-Backed Securities, (File 333-189211 - Jun. 10) (BR. OSF) S-3 CARMAX AUTO FUNDING LLC, 12800 TUCKAHOE CREEK PARKWAY, SUITE 400, RICHMOND, VA, 23238, 8049354512 - 0 ($1,000,000.00) Asset-Backed Securities, (File 333-189212 - Jun. 10) (BR. OSF) S-8 ARENA PHARMACEUTICALS INC, 6154 NANCY RIDGE DRIVE, SAN DIEGO, CA, 92121, 858-453-7200 - 0 ($379,159,973.00) Equity, (File 333-189213 - Jun. 10) (BR. 01B) S-4 ONCOR ELECTRIC DELIVERY CO LLC, 1616 WOODALL RODGERS FWY, DALLAS, TX, 75202, 214-486-2000 - 0 ($100,000,000.00) Debt, (File 333-189214 - Jun. 10) (BR. 02C) S-8 Seven Arts Entertainment Inc., 1801 CENTURY PARK EAST, #1830, LOS ANGELES, CA, 90067, 44 020 7043 5394 - 20,000,000 ($354,000.00) Equity, (File 333-189215 - Jun. 10) (BR. 05A) S-1 AGIOS PHARMACEUTICALS INC, 38 SIDNEY STREET, 2ND FLOOR, CAMBRIDGE, MA, 02139, 617-272-5275 - 0 ($86,000,000.00) Equity, (File 333-189216 - Jun. 10) (BR. 01A) S-8 ENANTA PHARMACEUTICALS INC, 500 ARSENAL STREET, WATERTOWN, MA, 02472, 617 607 0800 - 2,040,054 ($14,449,188.46) Equity, (File 333-189217 - Jun. 10) (BR. 01B) S-8 TELECOMMUNICATION SYSTEMS INC /FA/, 275 WEST ST, ANNAPOLIS, MD, 21401, 4102637616 - 2,000,000 ($4,680,000.00) Equity, (File 333-189218 - Jun. 10) (BR. 03C) S-8 ALBANY MOLECULAR RESEARCH INC, 21 CORPORATE CIRCLE, P O BOX 15098, ALBANY, NY, 12203-5154, 5184640279 - 2,400,000 ($24,600,000.00) Equity, (File 333-189219 - Jun. 10) (BR. 01A) S-8 Liberty Global plc, 38 HANS CRESCENT, LONDON, X0, SW1X 0LZ, 303-220-6600 - 15,859,688 ($1,071,103,100.86) Equity, (File 333-189220 - Jun. 10) (BR. 11A) S-4 Global Brass & Copper, Inc., 475 N. MARTINGALE ROAD, SUITE 1050, SCHAUMBURG, IL, 60173, 847-240-4700 - 0 ($375,000,000.00) Debt, (File 333-189221 - Jun. 10) (BR. ) S-8 Liberty Global plc, 38 HANS CRESCENT, LONDON, X0, SW1X 0LZ, 303-220-6600 - 17,116,505 ($987,333,286.35) Equity, (File 333-189222 - Jun. 10) (BR. 11A) S-8 Liberty Global plc, 38 HANS CRESCENT, LONDON, X0, SW1X 0LZ, 303-220-6600 - 10,643,071 ($336,022,927.94) Equity, (File 333-189223 - Jun. 10) (BR. 11A) S-8 Liberty Global plc, 38 HANS CRESCENT, LONDON, X0, SW1X 0LZ, 303-220-6600 - 994,630 ($42,063,480.50) Equity, (File 333-189224 - Jun. 10) (BR. 11A)
Recent 8K Filings
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 22nd Century Group, Inc. NV 3.02,3.03, 06/07/13 7.01,8.01,9.01 30DC, INC. MD 7.01,9.01 06/10/13 Accelerate Diagnostics, Inc DE 1.01,8.01,9.01 06/04/13 ACCELERIZE NEW MEDIA INC DE 1.01,1.02,9.01 06/10/13 ACCESS PHARMACEUTICALS INC DE 1.01,9.01 06/06/13 AEP INDUSTRIES INC DE 2.02,9.01 06/10/13 AGL RESOURCES INC GA 7.01 06/07/13 ALBEMARLE CORP VA 5.02,5.03,9.01 06/10/13 ALCO STORES INC KS 5.07,7.01 06/04/13 ALNYLAM PHARMACEUTICALS, INC. 5.07 06/06/13 AMAG PHARMACEUTICALS INC. DE 1.01,9.01 06/06/13 AMBARELLA INC 5.07 06/05/13 AMBASE CORP DE 5.07 06/10/13 AMC Networks Inc. DE 5.07 06/06/13 AMEDISYS INC DE 5.07 06/06/13 AMERICAN EQUITY INVESTMENT LIFE HOLDI IA 5.07 06/06/13 AMERICAN REALTY CAPITAL - RETAIL CENT MD 5.07 06/04/13 American Realty Capital Daily Net Ass MD 5.07 06/04/13 American Realty Capital Global Trust, 2.01,2.03,9.01 06/07/13 American Realty Capital Global Trust, 5.07 06/04/13 AMERICAN REALTY CAPITAL NEW YORK RECO MD 5.07 06/05/13 American Realty Capital Properties, I MD 8.01,9.01 06/10/13 American Realty Capital Properties, I MD 5.07 06/04/13 American Realty Capital Trust IV, Inc MD 7.01,9.01 06/10/13 American Realty Capital Trust IV, Inc MD 5.07 06/05/13 Amtrust Financial Services, Inc. DE 5.03,8.01,9.01 06/07/13 AMYRIS, INC. DE 1.01,2.03,3.02 06/04/13 Annie's, Inc. DE 2.02,9.01 06/10/13 Apple REIT Ten, Inc. VA 1.01 06/06/13 APRICUS BIOSCIENCES, INC. NV 8.01,9.01 06/04/13 ARABIAN AMERICAN DEVELOPMENT CO DE 4.02 06/10/13 ARDEN GROUP INC DE 5.07,8.01,9.01 06/06/13 Arlington Asset Investment Corp. VA 5.07 06/06/13 Armour Residential REIT, Inc. MD 7.01,9.01 06/10/13 ARRAY BIOPHARMA INC DE 1.01,2.03,8.01,9.01 06/04/13 Artemis Acquisition Corp. DE 1.02,5.02,8.01 06/06/13 ASURE SOFTWARE INC DE 5.07 06/10/13 ATHENAHEALTH INC DE 5.02,5.07 06/06/13 Atlas Resource Partners, L.P. DE 1.01,3.02,7.01,9.01 06/09/13 ATWOOD OCEANICS INC TX 7.01,9.01 06/05/13 AUDIENCE INC 5.07 06/06/13 Augme Technologies, Inc. DE 5.02 06/06/13 AVEO PHARMACEUTICALS INC DE 8.01,9.01 06/10/13 B456 SYSTEMS, INC. DE 7.01,9.01 06/05/13 BioAmber Inc. DE 8.01,9.01 06/10/13 BIODELIVERY SCIENCES INTERNATIONAL IN DE 8.01,9.01 06/10/13 BIOLASE, INC DE 1.01,5.02,7.01,9.01 06/06/13 BMC SOFTWARE INC DE 8.01,9.01 06/07/13 BPZ RESOURCES, INC. TX 5.07,7.01,9.01 06/07/13 CA, INC. DE 1.01,2.03,9.01 06/07/13 Calumet Specialty Products Partners, DE 9.01 06/10/13 CAPSTONE TURBINE Corp DE 8.01 06/10/13 Cardinal Energy Group, Inc. NV 1.01,3.02,8.01,9.01 06/07/13 Catamaran Corp B0 7.01 06/10/13 CBEYOND, INC. 5.07 06/07/13 CENTURY ALUMINUM CO DE 1.01,1.02,2.03,9.01 06/04/13 CENTURY CASINOS INC /CO/ DE 1.01 06/10/13 Chemtura CORP DE 8.01,9.01 06/10/13 CHINA BAK BATTERY INC NV 3.01 06/10/13 China Biologic Products, Inc. 3.03,9.01 06/10/13 China Xibolun Technology Holdings Cor NV 4.01,9.01 05/21/13 CIGNA CORP DE 7.01 06/10/13 CIGNA CORP DE 7.01 06/10/13 Citi Trends Inc 5.07 06/05/13 COINSTAR INC DE 7.01 06/07/13 CORINTHIAN COLLEGES INC 7.01 06/06/13 CorMedix Inc. DE 8.01 06/10/13 Corporate Resource Services, Inc. DE 8.01,9.01 06/10/13 COUPON EXPRESS, INC. NV 1.01,2.03,8.01 06/03/13 CROSSROADS SYSTEMS INC DE 5.02,9.01 06/04/13 CROSSTEX ENERGY INC DE 7.01,9.01 06/10/13 CROSSTEX ENERGY LP DE 7.01,9.01 06/10/13 CYCLONE POWER TECHNOLOGIES INC FL 7.01,9.01 06/06/13 CYNOSURE INC 8.01,9.01 06/07/13 CYTODYN INC CO 5.02,8.01,9.01 05/31/13 dELiAs, Inc. DE 1.01,2.01, 06/04/13 5.02,8.01,9.01 DEVON ENERGY CORP/DE DE 5.07 06/05/13 DEVON ENERGY CORP/DE DE 5.02,9.01 06/05/13 Diamond Foods Inc DE 2.02,9.01 06/10/13 Diamond Foods Inc DE 2.02,4.02,8.01 06/04/13 Diamond Foods Inc DE 5.02,9.01 06/10/13 DIODES INC /DEL/ DE 5.02 06/06/13 DISCOVERY LABORATORIES INC /DE/ DE 8.01,9.01 06/10/13 DOLLAR TREE INC VA 5.02,7.01,9.01 06/10/13 DTS, INC. DE 5.02,5.07,8.01 06/06/13 Duke Energy CORP DE 8.01 06/10/13 DUMA ENERGY CORP NV 7.01,9.01 06/10/13 DUNE ENERGY INC DE 5.07 06/05/13 DYNAVAX TECHNOLOGIES CORP DE 8.01,9.01 06/10/13 E-Debit Global Corp. CO 8.01,9.01 05/31/13 Eagle Ford Oil & Gas Corp NV 8.01,9.01 06/10/13 Echo Therapeutics, Inc. DE 8.01,9.01 06/10/13 EMPIRE RESORTS INC DE 8.01,9.01 06/05/13 ENDO HEALTH SOLUTIONS INC. DE 2.05,2.06 06/04/13 ENERGY FOCUS, INC/DE DE 1.01,2.03,3.02,9.01 05/30/13 ENTERPRISE BANCORP INC /MA/ MA 5.03,9.01 06/04/13 EP Energy LLC DE 1.01 06/07/13 Erickson Air-Crane Inc. DE 9.01 05/02/13 AMEND EXIDE TECHNOLOGIES DE 1.01,1.03, 06/10/13 2.02,2.04,7.01,9.01 FEDERAL MOGUL CORP DE 7.01,8.01,9.01 06/07/13 FIDELITY SOUTHERN CORP GA 8.01,9.01 06/10/13 FIDUS INVESTMENT Corp MD 5.07 06/05/13 FIFTH THIRD BANCORP OH 5.02,8.01,9.01 06/06/13 FIRST HORIZON NATIONAL CORP TN 8.01,9.01 06/07/13 FNB United Corp. NC 1.02,2.01,9.01 06/06/13 FURNITURE BRANDS INTERNATIONAL INC DE 5.02 06/07/13 GENEREX BIOTECHNOLOGY CORP DE 4.01,9.01 06/04/13 GENEREX BIOTECHNOLOGY CORP DE 5.02,9.01 06/06/13 GENOMIC HEALTH INC 5.07 06/06/13 Gevo, Inc. DE 5.02,5.03,5.07,9.01 06/06/13 GFI Group Inc. DE 5.02,5.07,9.01 06/06/13 GLOBAL CONDIMENTS, INC. 4.01,9.01 06/05/13 AMEND GLOBUS MEDICAL INC DE 5.07 06/04/13 GLU MOBILE INC DE 1.01,2.03, 06/06/13 5.02,5.07,9.01 GoldLand Holdings Corp. DE 8.01 06/10/13 GREAT AMERICAN ENERGY, INC. 1.01 06/04/13 GREEN DOT CORP DE 1.01,7.01,9.01 06/07/13 GreenChoice International, Inc. NV 5.03,9.01 06/05/13 GreenHunter Resources, Inc. DE 8.01 06/10/13 GREIF INC DE 2.02,7.01,8.01,9.01 06/05/13 GROWLIFE, INC. DE 1.01,1.02,2.01, 06/07/13 2.03,3.02,5.02,9.01 GTJ REIT, Inc. MD 5.07 06/06/13 HEARTLAND FINANCIAL USA INC DE 5.02,9.01 06/10/13 HMS HOLDINGS CORP 8.01 06/07/13 HOME BANCORP, INC. LA 7.01,9.01 06/07/13 IDENIX PHARMACEUTICALS INC DE 5.07 06/06/13 IDENIX PHARMACEUTICALS INC DE 5.02,9.01 06/06/13 IGATE CORP PA 5.02 06/07/13 AMEND IHS Inc. DE 1.01,7.01,9.01 06/08/13 Ingersoll-Rand plc L2 5.02,5.03,5.07,9.01 06/06/13 Intermec, Inc. DE 8.01 06/10/13 INVESTMENT TECHNOLOGY GROUP INC DE 8.01,9.01 06/10/13 IPC The Hospitalist Company, Inc. DE 5.07 06/05/13 IVANHOE ENERGY INC 7.01,9.01 06/05/13 JAVELIN MORTGAGE INVESTMENT CORP. MD 7.01,9.01 06/10/13 JPMORGAN CHASE & CO DE 5.03,9.01 06/07/13 KBS Legacy Partners Apartment REIT, I MD 1.01,2.01,2.03 06/07/13 KNIGHT CAPITAL GROUP, INC. DE 7.01,9.01 06/10/13 KULICKE & SOFFA INDUSTRIES INC PA 5.02 06/04/13 LA JOLLA PHARMACEUTICAL CO CA 5.07 06/05/13 LAKES ENTERTAINMENT INC MN 5.07 06/05/13 LAYNE CHRISTENSEN CO DE 5.07,9.01 06/06/13 LED LIGHTING Co 1.01,9.01 06/05/13 Lightwave Logic, Inc. NV 1.01,3.02,9.01 06/06/13 Limoneira CO DE 2.02,9.01 06/10/13 lululemon athletica inc. DE 2.02,5.02,9.01 06/10/13 MAGELLAN PETROLEUM CORP /DE/ DE 1.01,5.02,9.01 06/10/13 Matador Resources Co TX 5.07 06/06/13 MCDONALDS CORP DE 7.01,9.01 06/10/13 MDC PARTNERS INC A6 5.07 06/06/13 MEDIA GENERAL INC VA 1.01,3.02,5.02,9.01 06/05/13 MEDICAL ALARM CONCEPTS HOLDINGS INC NV 5.03,9.01 06/10/13 Meritage Homes CORP MD 5.02,9.01 06/06/13 MERU NETWORKS INC DE 5.02,9.01 06/06/13 META FINANCIAL GROUP INC DE 1.01,8.01,9.01 06/10/13 MIMVI, INC. NV 4.01,5.02,9.01 06/04/13 MIRAGE CAPITAL CORP NV 5.02 06/08/13 MMRGlobal, Inc. DE 8.01,9.01 06/07/13 MODINE MANUFACTURING CO WI 7.01,9.01 05/30/13 ModusLink Global Solutions Inc DE 2.02,9.01 06/10/13 MONARCH COMMUNITY BANCORP INC MD 7.01,9.01 06/10/13 Monster Offers NV 1.01,9.01 05/31/13 MOUNTAIN NATIONAL BANCSHARES INC TN 1.03,2.04,9.01 06/07/13 NASDAQ OMX GROUP, INC. DE 1.01,1.02, 06/04/13 2.03,8.01,9.01 NATURAL RESOURCE PARTNERS LP DE 1.01,9.01 06/07/13 NAVISTAR INTERNATIONAL CORP DE 2.02,7.01,9.01 06/10/13 NCI, Inc. DE 5.07 06/05/13 NEAH POWER SYSTEMS, INC. NV 8.01,9.01 06/10/13 NETSUITE INC DE 1.01,2.03,3 06/04/13 .02,8.01,9.01 NEW ENERGY TECHNOLOGIES, INC. 7.01,9.01 06/04/13 NEWCASTLE INVESTMENT CORP MD 5.03,5.07,9.01 06/06/13 NICOLET BANKSHARES INC WI 9.01 04/26/13 AMEND Nova Lifestyle, Inc. NV 5.05,8.01,9.01 06/04/13 NRG ENERGY, INC. DE 1.01,2.03,9.01 06/04/13 NUPATHE INC. DE 5.02,5.07 06/05/13 NV ENERGY, INC. NV 8.01,9.01 06/10/13 NYXIO TECHNOLOGIES Corp NV 5.02 06/10/13 OCEAN BIO CHEM INC FL 5.07 06/07/13 ORAGENICS INC FL 5.07 06/06/13 ORCHARD SUPPLY HARDWARE STORES CORP DE 3.01,5.02 06/04/13 Orchid Island Capital, Inc. MD 7.01,8.01,9.01 06/10/13 ORGANOVO HOLDINGS, INC. DE 5.02,5.08,9.01 06/05/13 ORIGINOIL INC NV 2.03,3.02 06/04/13 PACIFIC GOLD CORP NV 3.02,5.01,5.03,9.01 06/07/13 PAIN THERAPEUTICS INC DE 5.02 06/05/13 PALOMAR MEDICAL TECHNOLOGIES INC DE 8.01,9.01 06/07/13 PEP BOYS MANNY MOE & JACK PA 2.02,9.01 06/10/13 PLEXUS CORP WI 5.02,8.01,9.01 06/10/13 PORTFOLIO RECOVERY ASSOCIATES INC DE 8.01,9.01 06/10/13 POZEN INC /NC 5.07 06/06/13 PREMIER HOLDING CORP. NV 3.03,9.01 06/03/13 PROGENICS PHARMACEUTICALS INC DE 8.01,9.01 06/10/13 PROGUARD ACQUISITION CORP FL 7.01,9.01 06/10/13 ProText Mobility, Inc. DE 5.03 06/10/13 ProText Mobility, Inc. DE 8.01 06/10/13 PYRAMID OIL CO CA 5.07 06/06/13 RainEarth Inc. NV 5.02 05/07/13 RCS Capital Corp DE 8.01,9.01 06/10/13 Regulus Therapeutics Inc. DE 1.01 06/06/13 RICHFIELD OIL & GAS Co NV 8.01,9.01 05/31/13 Santa Fe Petroleum, Inc. DE 5.02 06/10/13 SAPIENT CORP DE 5.02,5.07 06/06/13 Shire plc 8.01,9.01 06/10/13 SINCLAIR BROADCAST GROUP INC MD 5.07 06/06/13 SLM Student Loan Trust 2006-7 DE 8.01,9.01 06/10/13 SOUPMAN, INC. DE 7.01,9.01 06/07/13 SOUTHWEST BANCORP INC OK 5.07 06/10/13 AMEND Spansion Inc. DE 5.07 06/06/13 Spirit Airlines, Inc. DE 7.01,9.01 06/10/13 SS&C Technologies Holdings Inc DE 1.01,2.03,7.01,9.01 06/10/13 StellarOne CORP VA 8.01 06/09/13 STEMCELLS INC DE 5.02,9.01 06/06/13 Stereotaxis, Inc. DE 5.02,5.07 06/05/13 STEWART ENTERPRISES INC LA 2.02,8.01,9.01 06/10/13 STILLWATER MINING CO /DE/ DE 5.02,9.01 06/07/13 STREAMLINE HEALTH SOLUTIONS INC. DE 7.01,9.01 06/10/13 Sundance Strategies, Inc. NV 7.01,9.01 06/10/13 SUNPOWER CORP DE 5.02 06/06/13 Swisher Hygiene Inc. DE 5.07 06/05/13 SYNAGEVA BIOPHARMA CORP DE 5.07 06/06/13 SYNERGETICS USA INC 2.02,9.01 06/10/13 SYNTHESIS ENERGY SYSTEMS INC DE 1.02,7.01,9.01 06/10/13 T-Mobile US, Inc. DE 8.01,9.01 06/10/13 TANDY LEATHER FACTORY INC DE 5.07 06/06/13 TANDY LEATHER FACTORY INC DE 1.01,3.03, 06/06/13 5.03,8.01,9.01 TANGOE INC DE 5.02,5.07 06/05/13 TEXAS INSTRUMENTS INC DE 7.01,9.01 06/10/13 Texas Rare Earth Resources Corp. DE 5.02,9.01 06/04/13 THERMOGENESIS CORP DE 8.01 06/10/13 THOR INDUSTRIES INC DE 5.02,9.01 06/06/13 Trail One, Inc. NV 5.01,5.02 05/24/13 TRAVELERS COMPANIES, INC. MN 8.01 06/10/13 Triangle Capital CORP MD 5.02 06/10/13 Triangle Petroleum Corp DE 2.02,9.01 06/10/13 tw telecom inc. DE 5.07 06/10/13 U. S. Premium Beef, LLC 7.01,9.01 06/10/13 UDR, Inc. MD 1.01,2.03,8.01,9.01 06/06/13 ULTRALIFE CORP DE 5.02,5.07,8.01 06/04/13 UNION FIRST MARKET BANKSHARES CORP VA 8.01,9.01 06/09/13 United Continental Holdings, Inc. DE 8.01,9.01 06/10/13 UNITED DOMINION REALTY L P DE 1.01,2.03,8.01,9.01 06/06/13 UNITED STATES STEEL CORP DE 5.02,9.01 06/10/13 UniTek Global Services, Inc. DE 5.02,9.01 06/04/13 UNITIL CORP NH 5.02,9.01 06/05/13 Universal Truckload Services, Inc. MI 5.07 06/07/13 URANIUM ENERGY CORP NV 7.01,9.01 06/10/13 URSTADT BIDDLE PROPERTIES INC MD 2.02,9.01 06/07/13 URSTADT BIDDLE PROPERTIES INC MD 5.02,9.01 06/06/13 Valeant Pharmaceuticals International A6 8.01,9.01 06/10/13 VERIZON COMMUNICATIONS INC DE 5.02 06/06/13 Vertex Energy Inc. NV 5.07 06/07/13 VIATECH CORP. NV 4.01,9.01 06/05/13 Vitamin Shoppe, Inc. DE 5.07 06/05/13 Voltari Corp DE 1.01,1.02 06/10/13 VWR Funding, Inc. DE 5.02 06/06/13 Western Refining, Inc. DE 5.07 06/04/13 WHITEWAVE FOODS Co DE 8.01,9.01 06/10/13 WMI HOLDINGS CORP. WA 7.01,9.01 06/10/13 Workday, Inc. DE 8.01,9.01 06/10/13 WWA GROUP INC NV 2.01,3.02, 06/04/13 5.02,5.03,7.01,9.01 XUNNA INFORMATION TECHNOLOGY INC. NV 4.01,9.01 03/15/13 AMEND