SELECT SEC AND MARKET DATA

FISCAL 2015

Contents

Enforcement Milestones............................................................................................................................................................ 2

Enforcement Action Summary Chart For Fiscal 2015 by Primary Classification....................................................................... 3

Fiscal 2015 Enforcement Cases Listed by Program Area ........................................................................................................ 4

Investigations of Possible Violations of the Acts Administered by the Commission............................................................... 22

Unconsolidated Financial Information for Broker-Dealers ...................................................................................................... 23

Unconsolidated Annual Revenues and Expenses for Broker-Dealers Doing A Public Business ........................................... 24

Unconsolidated Balance Sheet for Broker-Dealers Doing A Public Business Year-End........................................................ 25

Unconsolidated Revenues and Expenses for Carrying/Clearing Broker-Dealers ................................................................. 26

Unconsolidated Balance Sheet for Carrying/Clearing Broker-Dealers .................................................................................. 27

Transaction Activity In Equities, Options, and Security Futures.............................................................................................. 28
2

● Obtained orders in SEC judicial and administrative proceedings requiring securities 

violators to disgorge illegal profits of approximately $3.019 billion and to pay penalties 

of approximately $1.175 billion. 

● Sought orders barring 111 defendants and respondents from serving as officers or 

directors of public companies.

● Sought emergency relief from federal courts in the form of temporary restraining 

orders (TROs) to halt ongoing fraudulent conduct in 27 actions, and sought asset 

freezes in 41 actions.

● Filed 10 actions to enforce investigative subpoenas.

● Halted trading in securities of 334 issuers about which there was inadequate public 

disclosure.

In SEC-related criminal cases, prosecutors filed 134 indictments, informations, or contempts 

in Fiscal 2015.

TABLE 1

ENFORCEMENT MILESTONES

FISCAL 2015
3

Primary Classification

Civil

Actions

Stand-Alone 

Administrative 

Proceeding

Follow-On 

Administrative 

Proceeding Total 

% of 

Total 

Actions

Broker-Dealer 4 (12) 36 (74) 84 (86) 124 (172) 15.4%

Delinquent Filings 0 (0) 132 (455) 0 (0) 132 (455) 16.4%

Foreign Corrupt Practices Act 2 (2) 11 (13) 0 (0) 13 (15) 1.6%

Insider Trading 26 (73) 12 (13) 1 (1) 39 (87) 4.8%

Investment Advisors/Investment 

Companies 19 (60) 57 (119) 50 (52) 126 (231) 15.6%

Issuer Reporting And Disclosure 22 (52) 92 (139) 21 (22) 135 (213) 16.7%

Market Manipulation 28 (140) 12 (16) 3 (3) 43 (159) 5.3%

Miscellaneous 0 (0) 9 (9) 2 (2) 11 (11) 1.4%

Municipal Securities & Public Pensions 2 (2) 78 (80) 0 (0) 80 (82) 9.9%

National Recognized Statistical Ratings 

Organization (NRSRO) 0 (0) 4 (4) 0 (0) 4 (4) 0.5%

Securities Offering 59 (331) 32 (59) 7 (7) 98 (397) 12.1%

SRO/Exchange 0 (0) 1 (2) 0 (0) 1 (2) 0.1%

Transfer Agent 0 (0) 1 (2) 0 (0) 1 (2) 0.1%

TOTALS 162 (672) 477 (985) 168 (173) 807 (1830) 100.0%

TABLE 2

ENFORCEMENT ACTION SUMMARY CHART

FOR FISCAL 2015 BY PRIMARY CLASSIFICATION

(Each action initiated has been included in only one category listed below, even 

though many actions involved multiple allegations and may fall under more than one 

category. The number of defendants and respondents is noted parenthetically.)

The 807 total enforcement actions, above, include 507 civil actions and standalone administrative proceedings (excluding 

Delinquent Filings); 168 follow-on administrative proceedings; and 132 Delinquent Filings standalone administrative 

proceedings.
4

Broker-Dealer

In the Matter of M. “Shi” Shailendra Follow-on Admin. Proc. 34-73307 10/06/14

In the Matter of E*Trade Securities, LLC, et al. Stand-alone Admin. Proc. 33-9662 10/09/14

In the Matter of Edward L. Maggiacomo, Jr. Stand-alone Admin. Proc. 34-73361 10/15/14

In the Matter of Edward J. Hanrahan Stand-alone Admin. Proc. 34-73360 10/15/14

In the Matter of Judy K. Wolf Stand-alone Admin. Proc. 34-73350 10/15/14

In the Matter of John W. Kosolcharoen Follow-on Admin. Proc. 34-73378 10/16/14

In the Matter of Dennis F. Wright Follow-on Admin. Proc. 34-73377 10/16/14

In the Matter of Eli D. Okman Stand-alone Admin. Proc. 33-9671 10/28/14

In the Matter of Ehpren W. Taylor, II Follow-on Admin. Proc. 34-73466 10/29/14

In the Matter of Wendy J. Connor Follow-on Admin. Proc. 34-73467 10/29/14

In the Matter of Joshua W. Lankford Follow-on Admin. Proc. 34-73560 11/07/14

In the Matter of Douglas L. Swenson, CPA Follow-on Admin. Proc. 34-73605 11/14/14

In the Matter of Joseph Meuse Follow-on Admin. Proc. 34-73680 11/25/14

In the Matter of Nickolas C. Skaltsis Follow-on Admin. Proc. 34-73694 11/26/14

In the Matter of Liberty Realty Trust Follow-on Admin. Proc. 34-73695 11/26/14

In the Matter of Phillip D. Murphy Follow-on Admin. Proc. 34-73724 12/03/14

In the Matter of BTC Trading, Corp, et al. Stand-alone Admin. Proc. 33-9685 12/08/14

In the Matter of Robert A. Walker Follow-on Admin. Proc. 34-73798 12/09/14

In the Matter of Morgan Stanley & Co., LLC Stand-alone Admin. Proc. 34-73802 12/10/14

In the Matter of Fotios Geivelis, Jr. Follow-on Admin. Proc. 34-73926 12/23/14

In the Matter of Khaled A. Eldaher Stand-alone Admin. Proc. 34-73924 12/23/14

In the Matter of UBS Securities LLC Stand-alone Admin. Proc. 33-9697 01/15/15

In the Matter of Spring Hill Capital Markets, LLC, et al. Stand-alone Admin. Proc. 34-74119 01/22/15

In the Matter of Michael T. Lombardo, Jr. Follow-on Admin. Proc. 34-74121 01/23/15

In the Matter of Stuart E. Rawitt Follow-on Admin. Proc. 34-74122 01/23/15

In the Matter of Oppenheimer & Co., Inc. Stand-alone Admin. Proc. 33-9711 01/27/15

In the Matter of David L. Marion Follow-on Admin. Proc. 34-74163 01/28/15

In the Matter of International Capital Group, LLC, et al. Stand-alone Admin. Proc. 33-9717 01/29/15

In the Matter of Douglas E. Hampton Follow-on Admin. Proc. 34-74206 02/04/15

In the Matter of Lawrence Foster Follow-on Admin. Proc. 34-74227 02/06/15

In the Matter of Jordon McCarty Follow-on Admin. Proc. 34-74228 02/06/15

SEC v. Craig S. Lax Civil LR-23194 02/10/15

In the Matter of Efstratios “Elias” D. Argyropoulos Follow-on Admin. Proc. 34-74248 02/11/15

In the Matter of Joseph A. Caramadre, CPA Follow-on Admin. Proc. 34-74276 02/13/15

In the Matter of Bradley A. Holcom Follow-on Admin. Proc. 34-74316 02/19/15

In the Matter of VCAP Securities, LLC, et al. Stand-alone Admin. Proc. 34-74305 02/19/15

In the Matter of Juan Jose Alvarez De Lugo Azpurua Follow-on Admin. Proc. 34-74346 02/20/15

In the Matter of Charles H. Howard, III Follow-on Admin. Proc. 34-74375 02/25/15

In the Matter of Diane Glatfelter Follow-on Admin. Proc. 34-74379 02/26/15

In the Matter of Hajime Sagawa Stand-alone Admin. Proc. 33-9733 02/27/15

In the Matter of Thomas K. Keough Follow-on Admin. Proc. 34-74413 03/03/15

TABLE 3

FISCAL 2015 ENFORCEMENT CASES 

LISTED BY PROGRAM AREA

Case Name Type of Action Release No. Date Filed
5

In the Matter of H.D. Vest Investment Securities, Inc. Stand-alone Admin. Proc. 34-74429 03/04/15

In the Matter of Redonda L. Russell Follow-on Admin. Proc. 34-74457 03/06/15

In the Matter of Albert J. Scipione Follow-on Admin. Proc. 34-74495 03/12/15

In the Matter of John Gray Follow-on Admin. Proc. 34-74494 03/12/15

In the Matter of Matthew O. Madison Follow-on Admin. Proc. 34-74543 03/19/15

In the Matter of Dwight D. McGhee Follow-on Admin. Proc. 34-74542 03/19/15

In the Matter of Jeffory D. Shields Follow-on Admin. Proc. 34-74569 03/24/15

In the Matter of Craig S. Lax Follow-on Admin. Proc. 34-74582 03/25/15

In the Matter of Global Fixed Income, LLC, et al. Stand-alone Admin. Proc. 34-74586 03/26/15

In the Matter of David Boyle Stand-alone Admin. Proc. 34-74585 03/26/15

In the Matter of Leonard E. Burd Follow-on Admin. Proc. 34-74615 03/31/15

In the Matter of Haider Zafar Follow-on Admin. Proc. 34-74646 04/03/15

In the Matter of Daniel R. Murphy Follow-on Admin. Proc. 34-74667 04/07/15

In the Matter of Joseph J. Almazon, et al. Follow-on Admin. Proc. 34-74674 04/08/15

In the Matter of Craig Danzig Follow-on Admin. Proc. 34-74697 04/09/15

In the Matter of William F. Fang Follow-on Admin. Proc. 34-74711 04/10/15

In the Matter of Aaron Black Follow-on Admin. Proc. 34-74710 04/10/15

In the Matter of Eric W. Johnson Follow-on Admin. Proc. 34-74731 04/15/15

In the Matter of Charles D. Lewis Follow-on Admin. Proc. 34-74757 04/17/15

In the Matter of Tracy M. Spaeth Follow-on Admin. Proc. 34-74798 04/23/15

In the Matter of Frank P. Hixon, Jr. Follow-on Admin. Proc. 34-74811 04/24/15

In the Matter of Hugo Urrea Follow-on Admin. Proc. 34-74852 04/30/15

In the Matter of Express Commercial Capital, LLC, et al. Follow-on Admin. Proc. 34-74912 05/08/15

In the Matter of Richard Krill Stand-alone Admin. Proc. 34-74994 05/19/15

In the Matter of Erick Laszlo Mathe Follow-on Admin. Proc. 34-75015 05/20/15

In the Matter of Christopher C. Weides Follow-on Admin. Proc. 34-75062 05/28/15

In the Matter of Michael W. Zirinsky Follow-on Admin. Proc. 34-75077 05/29/15

In the Matter of Merrill Lynch, Pierce, Fenner &

Smith Incorporated, et al. Stand-alone Admin. Proc. 34-75083 06/01/15

In the Matter of Mark G. Brickman, et al. Stand-alone Admin. Proc. 34-75113 06/05/15

In the Matter of Robert H. Medhus Follow-on Admin. Proc. 34-75124 06/09/15

In the Matter of DeVon J. Carlson Follow-on Admin. Proc. 34-75125 06/09/15

In the Matter of Clinton D. Fraley Follow-on Admin. Proc. 34-75126 06/09/15

In the Matter of Rebecca L. Engle Follow-on Admin. Proc. 34-75127 06/09/15

In the Matter of Brian J. Schuster Follow-on Admin. Proc. 34-75128 06/09/15

In the Matter of Jason Matthew Pennington Follow-on Admin. Proc. 34-75129 06/09/15

SEC v. Joshua A. Yudell, et al. Civil LR-23283 06/11/15

In the Matter of Joshua Adam Yudell Follow-on Admin. Proc. 34-75263 06/22/15

In the Matter of Ironridge Global Partners, LLC, et al. Stand-alone Admin. Proc. 34-75272 06/23/15

In the Matter of Ireeco, LLC, et al. Stand-alone Admin. Proc. 34-75268 06/23/15

In the Matter of Jerry Gruenbaum, Esq. Follow-on Admin. Proc. 34-75327 06/29/15

In the Matter of Goldman, Sachs & Co. Stand-alone Admin. Proc. 34-75331 06/30/15

In the Matter of Wisteria Global, Inc., et al. Stand-alone Admin. Proc. 34-75362 07/06/15

In the Matter of Justin G. Dickson Follow-on Admin. Proc. 34-75418 07/09/15

In the Matter of Burgess Nathaniel Hallums Follow-on Admin. Proc. 34-75450 07/14/15

In the Matter of OZ Management, LP Stand-alone Admin. Proc. 34-75445 07/14/15

In the Matter of James R. Holdman Follow-on Admin. Proc. 34-75462 07/15/15

In the Matter of Chih Hsuan “Kiki” Lin Follow-on Admin. Proc. 34-75483 07/17/15

In the Matter of Chad E. Wiegand Follow-on Admin. Proc. 34-75484 07/17/15

Case Name Type of Action Release No. Date Filed
6

In the Matter of Akis C. Eracleous Follow-on Admin. Proc. 34-75500 07/21/15

In the Matter of Gilles T. De Charsonville Follow-on Admin. Proc. 34-75572 07/30/15

In the Matter of Timothy Patterson Follow-on Admin. Proc. 34-75564 07/30/15

In the Matter of Pamela S. Smith Follow-on Admin. Proc. 34-75565 07/30/15

In the Matter of Alex Puzaitzer Follow-on Admin. Proc. 34-75597 08/04/15

In the Matter of Yitz Grossman Follow-on Admin. Proc. 34-75595 08/04/15

In the Matter of Paul Orena Follow-on Admin. Proc. 34-75596 08/04/15

In the Matter of Lori Ann Artzberger Follow-on Admin. Proc. 34-75598 08/04/15

In the Matter of Richard L. Pearson Follow-on Admin. Proc. 34-75619 08/05/15

In the Matter of John Thornes Follow-on Admin. Proc. 34-75644 08/07/15

In the Matter of Dean A. Esposito Follow-on Admin. Proc. 34-75653 08/10/15

In the Matter of Joseph Devito Follow-on Admin. Proc. 34-75654 08/10/15

In the Matter of George Bussanich, Jr. Follow-on Admin. Proc. 34-75652 08/10/15

In the Matter of ITG Inc., et al. Stand-alone Admin. Proc. 33-9887 08/12/15

In the Matter of Robert J. Vitale Follow-on Admin. Proc. 34-75732 08/19/15

In the Matter of Citigroup Global Markets, Inc. Stand-alone Admin. Proc. 34-75729 08/19/15

In the Matter of James R. Glover Follow-on Admin. Proc. 34-75760 08/25/15

In the Matter of Janet L. Waters Stand-alone Admin. Proc. 34-75819 09/02/15

In the Matter of Moshe Yehuda Dunoff Follow-on Admin. Proc. 34-75842 09/04/15

SEC v. Ross B. Shapiro, et al. Civil LR-23336 09/09/15

In the Matter of Shawn A. Becker Follow-on Admin. Proc. 34-75891 09/10/15

In the Matter of Maher F. Kara Follow-on Admin. Proc. 34-75880 09/10/15

In the Matter of Timothy J. McGee Follow-on Admin. Proc. 34-75940 09/17/15

In the Matter of Rudolfo DeLaSierra Stand-alone Admin. Proc. 34-75938 09/17/15

In the Matter of Brian David Hall Stand-alone Admin. Proc. 34-75939 09/17/15

In the Matter of Arthur B. Carlson, III Stand-alone Admin. Proc. 34-75953 09/18/15

In the Matter of Daniel Paez Follow-on Admin. Proc. 34-75954 09/21/15

In the Matter of Steven J. Muehler, et al. Stand-alone Admin. Proc. 34-75996 09/28/15

In the Matter of Credit Suisse Securities (USA), LLC Stand-alone Admin. Proc. 34-75992 09/28/15

In the Matter of Douglas J. Anisky Follow-on Admin. Proc. 34-76012 09/29/15

In the Matter of UBS Financial Services Incorporated of 

Puerto Rico Stand-alone Admin. Proc. 34-76013 09/29/15

In the Matter of Ramiro L. Colon, III Stand-alone Admin. Proc. 34-76014 09/29/15

SEC v. Jose G. Ramirez, Jr. Civil LR-23369 09/29/15

In the Matter of Efim Aksanov Follow-on Admin. Proc. 34-76057 09/30/15

In the Matter of Latour Trading, LLC Stand-alone Admin. Proc. 34-76029 09/30/15

Delinquent Filings

In the Matter of WebXU, Inc. Stand-alone Admin. Proc. 34-73345 10/14/14

In the Matter of Asura Development Group, Inc. Stand-alone Admin. Proc. 34-73402 10/22/14

In the Matter of Entech Solar, Inc. Stand-alone Admin. Proc. 34-73403 10/22/14

In the Matter of ORB Automotive Corp. Stand-alone Admin. Proc. 34-73404 10/22/14

In the Matter of 21st Century Telesis II, Inc., et al. Stand-alone Admin. Proc. 34-73406 10/22/14

In the Matter of 4301, Inc., et al. Stand-alone Admin. Proc. 34-73455 10/28/14

In the Matter of 8 By 8, Inc., et al. Stand-alone Admin. Proc. 34-73456 10/28/14

In the Matter of VHGI Holdings, Inc. Stand-alone Admin. Proc. 34-73514 11/04/14

In the Matter of Brandeis Holdings, Inc., et al. Stand-alone Admin. Proc. 34-73551 11/06/14

In the Matter of Bitech Pharma, Inc., et al. Stand-alone Admin. Proc. 34-73552 11/06/14

In the Matter of AARX, Inc., et al. Stand-alone Admin. Proc. 34-73573 11/10/14

Case Name Type of Action Release No. Date Filed
7

In the Matter of Bluesky Filing Corp., et al. Stand-alone Admin. Proc. 34-73591 11/13/14

In the Matter of YesDTC Holdings, Inc. Stand-alone Admin. Proc. 34-73612 11/17/14

In the Matter of All-American Care Centers, Inc., et al. Stand-alone Admin. Proc. 34-73618 11/18/14

In the Matter of Forum National Investments Ltd. Stand-alone Admin. Proc. 34-73638 11/19/14

In the Matter of Blue Moon Investments, et al. Stand-alone Admin. Proc. 34-73663 11/20/14

In the Matter of Bingo.com, Inc., et al. Stand-alone Admin. Proc. 34-73696 11/26/14

In the Matter of Alamosa (Delaware), Inc., et al. Stand-alone Admin. Proc. 34-73733 12/03/14

In the Matter of The Billiard Channel, Inc., et al. Stand-alone Admin. Proc. 34-73806 12/10/14

In the Matter of Revonergy, Inc., et al. Stand-alone Admin. Proc. 34-74329 02/20/15

In the Matter of Akesis Pharmaceuticals, Inc., et al. Stand-alone Admin. Proc. 34-74331 02/20/15

In the Matter of Calypte Biomedical Corporation, et al. Stand-alone Admin. Proc. 34-74325 02/20/15

In the Matter of Innovative Software Technologies, Inc., et al. Stand-alone Admin. Proc. 34-74327 02/20/15

In the Matter of Defense Industries International, Inc., et al. Stand-alone Admin. Proc. 34-74372 02/25/15

In the Matter of Energiz Renewable, Inc., et al. Stand-alone Admin. Proc. 34-74366 02/25/15

In the Matter of China Yili Petroleum Company Stand-alone Admin. Proc. 34-74369 02/25/15

In the Matter of Dittybase Technologies, Inc. Stand-alone Admin. Proc. 34-74374 02/25/15

In the Matter of Inova Technology, Inc. Stand-alone Admin. Proc. 34-74386 02/26/15

In the Matter of China Pharmaceuticals, Inc., et al. Stand-alone Admin. Proc. 34-74393 02/27/15

In the Matter of Agent155 Media Corp., et al. Stand-alone Admin. Proc. 34-74391 02/27/15

In the Matter of China Infrastructure Investment Corp. Stand-alone Admin. Proc. 34-74427 03/04/15

In the Matter of Discovery Oil, Ltd., et al. Stand-alone Admin. Proc. 34-74424 03/04/15

In the Matter of Black Sea Metals, Inc., et al. Stand-alone Admin. Proc. 34-74447 03/05/15

In the Matter of Aspire International, Inc., et al. Stand-alone Admin. Proc. 34-74445 03/05/15

In the Matter of booktech.com, Inc., et al. Stand-alone Admin. Proc. 34-74458 03/09/15

In the Matter of Accelerated Acquisitions XIV, Inc., et al. Stand-alone Admin. Proc. 34-74459 03/09/15

In the Matter of Global Leadership Institute, Inc. Stand-alone Admin. Proc. 34-74471 03/11/15

In the Matter of Alternate Energy Solutions, Inc., et al. Stand-alone Admin. Proc. 34-74517 03/17/15

In the Matter of The AppleTree Companies, Inc., et al. Stand-alone Admin. Proc. 34-74516 03/17/15

In the Matter of First China Pharmaceutical Group, Inc. Stand-alone Admin. Proc. 34-74547 03/20/15

In the Matter of Longhai Steel Inc. Stand-alone Admin. Proc. 34-74549 03/20/15

In the Matter of Austin Acquisitions, Inc., et al. Stand-alone Admin. Proc. 34-74573 03/24/15

In the Matter of Bama Biotech, Inc., et al. Stand-alone Admin. Proc. 34-74574 03/24/15

In the Matter of Winsonic Digital Media Group, Ltd. Stand-alone Admin. Proc. 34-74584 03/25/15

In the Matter of Urban AG Corporation Stand-alone Admin. Proc. 34-74621 04/01/15

In the Matter of Earth Dragon Resources, Inc. Stand-alone Admin. Proc. 34-74620 04/01/15

In the Matter of China Education International, Inc., et al. Stand-alone Admin. Proc. 34-74658 04/07/15

In the Matter of Chatter Box Call Center Ltd., et al. Stand-alone Admin. Proc. 34-74659 04/07/15

In the Matter of AuraSound, Inc., et al. Stand-alone Admin. Proc. 34-74661 04/07/15

In the Matter of Arctos Petroleum Corp., et al. Stand-alone Admin. Proc. 34-74686 04/08/15

In the Matter of AOB Biotech, Inc., et al. Stand-alone Admin. Proc. 34-74684 04/08/15

In the Matter of A Better Way Financial Corp. Stand-alone Admin. Proc. 34-74720 04/13/15

In the Matter of Aryeh Acquisition Corp., et al. Stand-alone Admin. Proc. 34-74721 04/13/15

In the Matter of OCZ Technology Group, Inc. Stand-alone Admin. Proc. 34-74737 04/16/15

In the Matter of Hi-Q Wason, Inc., et al. Stand-alone Admin. Proc. 34-74772 04/21/15

In the Matter of First American Scientific Corp., et al. Stand-alone Admin. Proc. 34-74779 04/22/15

In the Matter of Visa Industries of Arizona, Inc. Stand-alone Admin. Proc. 34-74789 04/23/15

In the Matter of Jesters Resources, Inc., et al. Stand-alone Admin. Proc. 34-74819 04/28/15

In the Matter of Greenbridge Technology, Inc., et al. Stand-alone Admin. Proc. 34-74820 04/28/15

In the Matter of Cedar Creek Mines Ltd., et al. Stand-alone Admin. Proc. 34-74846 04/30/15

Case Name Type of Action Release No. Date Filed
8

In the Matter of Eden Energy Corp., et al. Stand-alone Admin. Proc. 34-74848 04/30/15

In the Matter of Kingsway Capital, Inc., et al. Stand-alone Admin. Proc. 34-74867 05/04/15

In the Matter of A. B. Watley Group, Inc., et al. Stand-alone Admin. Proc. 34-74869 05/05/15

In the Matter of Computer Learning Centers, Inc., et al. Stand-alone Admin. Proc. 34-74925 05/12/15

In the Matter of Big Sky Industries II, Inc., et al. Stand-alone Admin. Proc. 34-74942 05/13/15

In the Matter of Carter Acquisition Corp. I, et al. Stand-alone Admin. Proc. 34-74983 05/18/15

In the Matter of Barclay Road Inc., et al. Stand-alone Admin. Proc. 34-74995 05/19/15

In the Matter of Composite Solutions, Inc., et al. Stand-alone Admin. Proc. 34-74997 05/20/15

In the Matter of ANTH1, Inc., et al. Stand-alone Admin. Proc. 34-75046 05/26/15

In the Matter of America West Resources, Inc., et al. Stand-alone Admin. Proc. 34-75055 05/28/15

In the Matter of Horizon Wimba, Inc., et al. Stand-alone Admin. Proc. 34-75084 06/01/15

In the Matter of Anticus International Corp., et al. Stand-alone Admin. Proc. 34-75090 06/02/15

In the Matter of Guardian Zone Technology, Inc. 

(f/k/a Curtis Acquisition, Inc.), et al. Stand-alone Admin. Proc. 34-75122 06/08/15

In the Matter of Integrated.com, Inc., et al. Stand-alone Admin. Proc. 34-75176 06/16/15

In the Matter of Hornby International, Inc., et al. Stand-alone Admin. Proc. 34-75177 06/16/15

In the Matter of Neologic Animation, Inc. Stand-alone Admin. Proc. 34-75180 06/17/15

In the Matter of Oraco Resources, Inc., et al. Stand-alone Admin. Proc. 34-75183 06/17/15

In the Matter of Enterologics, Inc., et al. Stand-alone Admin. Proc. 34-75185 06/17/15

In the Matter of BioCoral, Inc., et al. Stand-alone Admin. Proc. 34-75204 06/18/15

In the Matter of KPNQwest N.V., et al. Stand-alone Admin. Proc. 34-75202 06/18/15

In the Matter of GSP-2, Inc. Stand-alone Admin. Proc. 34-75198 06/18/15

In the Matter of China Organic Fertilizer, Inc. Stand-alone Admin. Proc. 34-75200 06/18/15

In the Matter of Papertradex (US), Inc., et al. Stand-alone Admin. Proc. 34-75285 06/24/15

In the Matter of China SLP Filtration Technology, Inc., et al. Stand-alone Admin. Proc. 34-75279 06/24/15

In the Matter of Vantone International Group, Inc. Stand-alone Admin. Proc. 34-75305 06/26/15

In the Matter of Accres Holding, Inc., et al. Stand-alone Admin. Proc. 34-75307 06/26/15

In the Matter of Aspire Japan, Inc., et al. Stand-alone Admin. Proc. 34-75310 06/26/15

In the Matter of Green Planet Solutions Corp., et al. Stand-alone Admin. Proc. 34-75332 06/30/15

In the Matter of Anmore, Inc., et al. Stand-alone Admin. Proc. 34-75347 07/01/15

In the Matter of Baxter Capital Co., et al. Stand-alone Admin. Proc. 34-75348 07/01/15

In the Matter of The American Corp.(a/k/a American Corp.), et al. Stand-alone Admin. Proc. 34-75379 07/07/15

In the Matter of Harvest Valley Ventures, Inc., et al. Stand-alone Admin. Proc. 34-75399 07/08/15

In the Matter of Hinds, Inc., et al. Stand-alone Admin. Proc. 34-75400 07/08/15

In the Matter of Arrin Corporation, et al. Stand-alone Admin. Proc. 34-75383 07/08/15

In the Matter of International Hi-Tech Industries Inc., et al. Stand-alone Admin. Proc. 34-75385 07/08/15

In the Matter of NNN 2002 Value Fund, LLC Stand-alone Admin. Proc. 34-75451 07/15/15

In the Matter of NNN 2003 Value Fund, LLC Stand-alone Admin. Proc. 34-75452 07/15/15

In the Matter of Capital Connection, Inc., et al. Stand-alone Admin. Proc. 34-75465 07/16/15

In the Matter of CDMemories.com, Inc., et al. Stand-alone Admin. Proc. 34-75466 07/16/15

In the Matter of Greene Power, Inc., et al. Stand-alone Admin. Proc. 34-75495 07/20/15

In the Matter of ILN Amherst Corp., et al. Stand-alone Admin. Proc. 34-75496 07/20/15

In the Matter of IFuture.Com, Inc., et al. Stand-alone Admin. Proc. 34-75544 07/28/15

In the Matter of Buckhead Community Bancorp, Inc., et al. Stand-alone Admin. Proc. 34-75549 07/29/15

In the Matter of Volt Solar Systems, Inc. Stand-alone Admin. Proc. 34-75604 08/04/15

In the Matter of PDK Energy, Inc. Stand-alone Admin. Proc. 34-75606 08/05/15

In the Matter of Solar Acquisition Corp. Stand-alone Admin. Proc. 34-75608 08/05/15

In the Matter of Austin Funding.com Corporation, et al. Stand-alone Admin. Proc. 34-75675 08/12/15

In the Matter of CityView Corp. Ltd., et al. Stand-alone Admin. Proc. 34-75683 08/12/15

Case Name Type of Action Release No. Date Filed
9

In the Matter of Storm Cat Energy Corp., et al. Stand-alone Admin. Proc. 34-75680 08/12/15

In the Matter of New Energy Systems Group Stand-alone Admin. Proc. 34-75682 08/12/15

In the Matter of Mattmar Minerals, Inc., et al. Stand-alone Admin. Proc. 34-75681 08/12/15

In the Matter of Hitcom Corp., et al. Stand-alone Admin. Proc. 34-75725 08/18/15

In the Matter of Internal Fixation Systems, Inc. Stand-alone Admin. Proc. 34-75719 08/18/15

In the Matter of Avalon Digital Marketing Systems, Inc., et al. Stand-alone Admin. Proc. 34-75731 08/19/15

In the Matter of Ci4net.Com Inc., et al. Stand-alone Admin. Proc. 34-75759 08/25/15

In the Matter of China Bio-Immunity Corp., et al. Stand-alone Admin. Proc. 34-75777 08/27/15

In the Matter of Calico Commerce, Inc. (a/k/a CCI

Liquidation Corp.), et al. Stand-alone Admin. Proc. 34-75807 09/01/15

In the Matter of GW One, Inc., et al. Stand-alone Admin. Proc. 34-75806 09/01/15

In the Matter of High Point Transport, Inc., et al. Stand-alone Admin. Proc. 34-75821 09/02/15

In the Matter of Inverso Corp., et al. Stand-alone Admin. Proc. 34-75823 09/02/15

In the Matter of Bala Cynwyd Corp., et al. Stand-alone Admin. Proc. 34-75879 09/10/15

In the Matter of Empire Gold, Inc., et al. Stand-alone Admin. Proc. 34-75883 09/10/15

In the Matter of Charles Booth, Inc., et al. Stand-alone Admin. Proc. 34-75898 09/11/15

In the Matter of MSGI Technology Solutions, Inc. (a/k/a MSGI 

Security Solutions, Inc.), et al. Stand-alone Admin. Proc. 34-75897 09/11/15

In the Matter of AgriBioTech Inc., et al. Stand-alone Admin. Proc. 34-75926 09/15/15

In the Matter of Aim Safety Co., Inc.(a/k/a AimGlobal 

Technologies Co., Inc.), et al. Stand-alone Admin. Proc. 34-75927 09/15/15

In the Matter of Samdrew VI, Inc., et al. Stand-alone Admin. Proc. 34-75971 09/23/15

In the Matter of Advanced Battery Technologies, Inc., et al. Stand-alone Admin. Proc. 34-75989 09/25/15

In the Matter of Paygard, Inc., et al. Stand-alone Admin. Proc. 34-76003 09/28/15

In the Matter of The Money Tree Lending Group, Inc., et al. Stand-alone Admin. Proc. 34-76002 09/28/15

In the Matter of Imperial Petroleum, Inc. Stand-alone Admin. Proc. 34-76005 09/29/15

In the Matter of ContinuityX Solutions, Inc. Stand-alone Admin. Proc. 34-76028 09/30/15

Foreign Corrupt Practices Act

In the Matter of Layne Christensen Company Stand-alone Admin. Proc. 34-73437 10/27/14

In the Matter of Bio-Rad Laboratories, Inc. Stand-alone Admin. Proc. 34-73496 11/03/14

In the Matter of Stephen Timms, et al. Stand-alone Admin. Proc. 34-73616 11/17/14

In the Matter of Bruker Corporation Stand-alone Admin. Proc. 34-73835 12/15/14

SEC v. Avon Products, Inc. Civil LR-23159 12/17/14

In the Matter of Walid Hatoum Stand-alone Admin. Proc. 34-74112 01/22/15

In the Matter of The Goodyear Tire & Rubber Company Stand-alone Admin. Proc. 34-74356 02/24/15

In the Matter of FLIR Systems, Inc. Stand-alone Admin. Proc. 34-74673 04/08/15

In the Matter of BHP Billiton Ltd., et al. Stand-alone Admin. Proc. 34-74998 05/20/15

In the Matter of Mead Johnson Nutrition Company Stand-alone Admin. Proc. 34-75532 07/28/15

In the Matter of Vicente E. Garcia Stand-alone Admin. Proc. 34-75684 08/12/15

In the Matter of The Bank of New York Mellon Corporation Stand-alone Admin. Proc. 34-75720 08/18/15

SEC v. Hitachi Ltd. Civil LR-23365 09/28/15

Insider Trading

SEC v. Zachary Zwerko, et al. Civil LR-23119 10/10/14

SEC v. Stephen E. Slawson Civil LR-23118 10/24/14

SEC v. Sasan Sabrdaran, et al. Civil LR-23125 10/30/14

In the Matter of Steven D. Williams Stand-alone Admin. Proc. 33-9676 11/04/14

In the Matter of Michael S. Geist, et al. Stand-alone Admin. Proc. 33-9680 11/12/14

Case Name Type of Action Release No. Date Filed
10

SEC v. William E. Redmond, Jr., et al. Civil LR-23138 11/21/14

SEC v. D. Michael Donnelly Civil LR-23142 11/25/14

In the Matter of Robert A. Hemm Stand-alone Admin. Proc. 34-73765 12/05/14

SEC v. Robert J. Hahn-Baiyor Civil LR-23153 12/08/14

SEC v. Shivbir S. Grewal, et al. Civil LR-23167 12/22/14

SEC v. Juan Cruz Bilbao Hormaeche, et al. Civil 2014-291 12/22/14

In the Matter of Robert A. Ramsey, CPA Stand-alone Admin. Proc. 34-74108 01/21/15

SEC v. Bonan Huang, et al. Civil LR-23179 01/21/15

SEC v. Joel J. Epstein Civil LR-23187 02/03/15

SEC v. John Gray, et al. Civil LR-23189 02/05/15

In the Matter of Charles L. Hill, Jr. Stand-alone Admin. Proc. 34-74249 02/11/15

In the Matter of Shivbir S. Grewal, Esq. Follow-on Admin. Proc. 33-9726 02/13/15

SEC v. Scott Zeringue, et al. Civil LR-23202 02/19/15

SEC v. Amit Kanodia, et al. Civil 2015-56 04/02/15

SEC v. Xiaoyu Xia, et al. Civil LR-23249 04/29/15

SEC v. Sean R. Stewart, et al. Civil 2015-90 05/14/15

SEC v. Steven Fishoff, et al. Civil 2015-107 06/03/15

SEC v. Anthony Andrade, et al. Civil LR-23278 06/08/15

SEC v. Michael J. Fefferman, et al. Civil LR-23279 06/09/15

SEC v. Andrew Miller Civil LR-23284 06/11/15

In the Matter of Helmut Anscheringer Stand-alone Admin. Proc. 34-75172 06/15/15

SEC v. Haijian Luo Civil 2015-128 06/23/15

In the Matter of Patrick Lehnert Stand-alone Admin. Proc. 34-75417 07/09/15

In the Matter of Gerard Boudreault Stand-alone Admin. Proc. 33-9864 07/10/15

SEC v. Herbert K. Sudfeld, Jr., et al. Civil LR-23305 07/16/15

SEC v. Cedric Cañas Maillard Civil LR-23316 08/13/15

SEC v. Ashish Aggarwal, et al. Civil LR-23327 08/25/15

In the Matter of Robert A. Hanner Stand-alone Admin. Proc. 34-75847 09/04/15

In the Matter of Donald E. Robar Stand-alone Admin. Proc. 34-75848 09/04/15

SEC v. John McEnery III, et al. Civil LR-23338 09/09/15

SEC v. Richard Condon, et al. Civil LR-23359 09/23/15

SEC v. Robert L. Spallina, et al. Civil LR-23368 09/28/15

In the Matter of Eddie R. Leblanc Stand-alone Admin. Proc. 34-76026 09/29/15

In the Matter of Christopher Mire Stand-alone Admin. Proc. 34-76027 09/29/15

Investment Advisors/Investment Companies

In the Matter of Paul T. Mannion, Jr., et al. Stand-alone Admin. Proc. 34-73297 10/03/14

In the Matter of Michael R. Balboa Follow-on Admin. Proc. IA-3944 10/08/14

SEC v. The Estate of Vincent James Saviano, et al. Civil LR-23109 10/09/14

In the Matter of Paul Marshall Follow-on Admin. Proc. IA-3946 10/14/14

In the Matter of Gaeton S. Della Penna Follow-on Admin. Proc. IA-3949 10/15/14

In the Matter of Sands Brothers Asset Management, LLC, et al. Stand-alone Admin. Proc. IA-3960 10/29/14

In the Matter of Marlon Quan, et al. Follow-on Admin. Proc. IA-3962 10/30/14

In the Matter of Rajarengan (a/k/a Rengan) Rajaratnam Follow-on Admin. Proc. IA-3964 11/03/14

In the Matter of Bernice G. Njoroge Stand-alone Admin. Proc. 34-73533 11/05/14

SEC v. Eric W. Johnson Civil LR-23130 11/05/14

In the Matter of Aaron E. Olson Follow-on Admin. Proc. IA-3966 11/12/14

In the Matter of Gregory Viola Follow-on Admin. Proc. IA-3967 11/13/14

In the Matter of Alan Gavornik, et al. Stand-alone Admin. Proc. 34-73678 11/24/14

Case Name Type of Action Release No. Date Filed
11

In the Matter of HSBC Private Bank (Suisse), SA Stand-alone Admin. Proc. 34-73681 11/25/14

In the Matter of Paul A. Ligor, Jr. Follow-on Admin. Proc. IA-3975 12/09/14

In the Matter of Reliance Financial Advisors, LLC, et al. Stand-alone Admin. Proc. 33-9686 12/10/14

In the Matter of Scott M. Stephan Stand-alone Admin. Proc. 33-9687 12/10/14

SEC v. Bill C. (Billy) Crafton, Jr. Civil LR-23155 12/10/14

In the Matter of Alexander Swanson Follow-on Admin. Proc. IA-3982 12/16/14

In the Matter of George Q. Stevens Follow-on Admin. Proc. IA-3983 12/17/14

In the Matter of F-Squared Investments, Inc. Stand-alone Admin. Proc. IA-3988 12/22/14

SEC v. Howard B. Present Civil LR-23166 12/22/14

SEC v. Sherwin Brown, et al. Civil LR-23170 12/23/14

In the Matter of Vero Capital Management, LLC, et al. Stand-alone Admin. Proc. IA-3991 12/29/14

SEC v. Daniel Thibeault, et al. Civil LR-23171 01/09/15

In the Matter of Brent F. Williams Follow-on Admin. Proc. IA-3996 01/13/15

In the Matter of Guy A. Williams Follow-on Admin. Proc. IA-3995 01/13/15

In the Matter of Duane H. Slade Follow-on Admin. Proc. IA-3994 01/13/15

In the Matter of Shelton Financial Group, Inc., et al. Stand-alone Admin. Proc. IA 3993 01/13/15

In the Matter of Bill C. (Billy) Crafton, Jr. Follow-on Admin. Proc. 34-74070 01/15/15

In the Matter of du Pasquier & Co., Inc. Stand-alone Admin. Proc. IA-4004 01/21/15

In the Matter of Glen A. Galemmo Follow-on Admin. Proc. 34-74124 01/23/15

In the Matter of Marsha Bass Follow-on Admin. Proc. IA-4009 01/28/15

In the Matter of The ELIV Group, LLC, et al. Follow-on Admin. Proc. IA-4013 02/03/15

In the Matter of David R. Wulf Follow-on Admin. Proc. 34-74207 02/04/15

In the Matter of Michael R. Drilling Follow-on Admin. Proc. IA-4019 02/04/15

In the Matter of Wyoming Investment Management 

Services, LLC, et al. Stand-alone Admin. Proc. IA-4014 02/04/15

In the Matter of Arete Ltd. Stand-alone Admin. Proc. IA-4015 02/04/15

In the Matter of Brenda L. Ridley Stand-alone Admin. Proc. IA-4016 02/04/15

In the Matter of New Line Capital, LLC, et al. Stand-alone Admin. Proc. IA-4017 02/04/15

SEC v. Total Wealth Management, Inc., et al. Civil LR-23188 02/04/15

In the Matter of GLR Advisors, LLC Follow-on Admin. Proc. IA-4023 02/06/15

In the Matter of John A. Geringer Follow-on Admin. Proc. IA-4022 02/06/15

In the Matter of Water Island Capital LLC Stand-alone Admin. Proc. IC-31455 02/12/15

SEC v. Mozzam “Mark” Malik, et al. Civil LR-23197 02/13/15

In the Matter of Logical Wealth Management, Inc., et al. Stand-alone Admin. Proc. IA-4027 02/19/15

In the Matter of Carolyn C. Howard Follow-on Admin. Proc. IA-4032 02/25/15

In the Matter of Keenan R. Hauke Follow-on Admin. Proc. IA-4037 03/03/15

In the Matter of Robert J. Lunn Follow-on Admin. Proc. 34-74469 03/10/15

In the Matter of Thomas C. Priore Follow-on Admin. Proc. 33-9737 03/11/15

In the Matter of Joseph Stilwell, et al. Stand-alone Admin. Proc. IA-4049 03/16/15

In the Matter of Acamar Global Investments, LLC, et al. Stand-alone Admin. Proc. IA-4050 03/18/15

In the Matter of Aegis Capital, LLC, et al. Stand-alone Admin. Proc. 34-74608 03/30/15

In the Matter of Lynn Tilton, et al. Stand-alone Admin. Proc. IA-4053 03/30/15

In the Matter of Larry Dearman, Sr. Follow-on Admin. Proc. 34-74722 04/13/15

SEC v. Leroy Brown, Jr., et al. Civil LR-23245 04/13/15

SEC v. Michael J. Oppenheim, et al. Civil 2015-68 04/16/15

In the Matter of BlackRock Advisors, LLC, et al. Stand-alone Admin. Proc. IA-4065 04/20/15

In the Matter of Kornitzer Capital Management, Inc., et al. Stand-alone Admin. Proc. IC-31560 04/21/15

SEC v. Veros Partners, Inc., et al. Civil LR-23246 04/22/15

In the Matter of Charles R. Kokesh Follow-on Admin. Proc. IA-4070 04/28/15

Case Name Type of Action Release No. Date Filed
12

In the Matter of Alpha Titans, LLC, et al. Stand-alone Admin. Proc. 34-74828 04/29/15

SEC v. Iftikar Ahmed, et al. Civil LR-23260 05/06/15

SEC v. Patrick E. Churchville, et al. Civil LR-23255 05/07/15

In the Matter of Stephen Goodrich Follow-on Admin. Proc. IA-4081 05/11/15

In the Matter of Nationwide Life Insurance Company Stand-alone Admin. Proc. IC-31601 05/14/15

In the Matter of Stephen L. Kirkland Follow-on Admin. Proc. IA-4086 05/18/15

In the Matter of Trust & Investment Advisors, Inc., et al. Stand-alone Admin. Proc. IA-4087 05/18/15

In the Matter of Gedrey Thompson Follow-on Admin. Proc. IA-4093 05/20/15

In the Matter of Stephen A. Colangelo, Jr. Follow-on Admin. Proc. IA-4095 05/22/15

In the Matter of Benjamin Lee Grant Follow-on Admin. Proc. IA-4100 06/01/15

SEC v. Phil Donnahue Williamson Civil LR-23291 06/01/15

In the Matter of Todd M. Schoenberger Stand-alone Admin. Proc. 33-9800 06/03/15

In the Matter of Michael G. Thomas Stand-alone Admin. Proc. 33-9801 06/03/15

In the Matter of Lawrence Herzing, CPA Follow-on Admin. Proc. IA-4105 06/08/15

In the Matter of Frederic Elm f/k/a Frederic Elmaleh Follow-on Admin. Proc. IA-4106 06/09/15

SEC v. Nicholas Lattanzio, et al. Civil 2015-117 06/10/15

In the Matter of Christopher A. Luck Follow-on Admin. Proc. IA-4114 06/15/15

In the Matter of Keith E. Rode, CPA Follow-on Admin. Proc. 34-75171 06/15/15

In the Matter of SFX Financial Advisory Management 

Enterprises, Inc., et al. Stand-alone Admin. Proc. IA-4116 06/15/15

In the Matter of Brian J. Ourand Stand-alone Admin. Proc. IA-4115 06/15/15

SEC v. Interinvest Corporation, Inc., et al. Civil LR-23288 06/16/15

In the Matter of George Joseph Palathinkal, CPA Follow-on Admin. Proc. IA-4120 06/17/15

In the Matter of Commonwealth Capital Management, LLC, et al. Stand-alone Admin. Proc. IC-31678 06/17/15

In the Matter of Matthew G. Teeple Follow-on Admin. Proc. IA-4124 06/22/15

In the Matter of John V. Johnson Follow-on Admin. Proc. IA-4123 06/22/15

In the Matter of Phil Williamson Follow-on Admin. Proc. 34-75271 06/23/15

In the Matter of Pekin Singer Strauss Asset 

Management, Inc., et al. Stand-alone Admin. Proc. IA-4126 06/23/15

In the Matter of Welhouse & Associates, Inc., et al. Stand-alone Admin. Proc. 34-75319 06/29/15

In the Matter of Kohlberg Kravis Roberts & Co. L.P. Stand-alone Admin. Proc. IA-4131 06/29/15

In the Matter of AlphaBridge Capital Management, LLC, et al. Stand-alone Admin. Proc. IA-4135 07/01/15

In the Matter of Richard Lawrence Evans Stand-alone Admin. Proc. 34-75340 07/01/15

In the Matter of Macquarie Capital Investment

Management LLC, et al. Stand-alone Admin. Proc. IC-31706 07/07/15

In the Matter of Toby D. Hunter Follow-on Admin. Proc. IA-4139 07/14/15

In the Matter of Dion Money Management, LLC Stand-alone Admin. Proc. IA-4146 07/24/15

In the Matter of Sachin K. Uppal Follow-on Admin. Proc. IA-4149 07/28/15

In the Matter of Stephen M. Coleman Follow-on Admin. Proc. IA-4150 07/29/15

In the Matter of Michael T. Seabolt Stand-alone Admin. Proc. 33-9871 07/31/15

In the Matter of Gold Mountain Management, LLC, et al. Stand-alone Admin. Proc. IA-4154 08/04/15

In the Matter of Eric A. Bloom Follow-on Admin. Proc. IA-4155 08/05/15

In the Matter of Charles K. Mosley Follow-on Admin. Proc. IA-4156 08/05/15

In the Matter of Reid S. Johnson Stand-alone Admin. Proc. 34-75626 08/06/15

In the Matter of Guggenheim Partners Investment 

Management, LLC Stand-alone Admin. Proc. IA-4163 08/10/15

In the Matter of Vineet Kalucha, CA Follow-on Admin. Proc. 34-75667 08/11/15

In the Matter of Acadia Asset Management, LLC, et al. Stand-alone Admin. Proc. 33-9886 08/11/15

In the Matter of Cory D. Williams Stand-alone Admin. Proc. 34-75691 08/13/15

Case Name Type of Action Release No. Date Filed
13

In the Matter of Signator Investors, Inc., et al. Stand-alone Admin. Proc. 34-75690 08/13/15

In the Matter of Citigroup Alternative Investments LLC, et al. Stand-alone Admin. Proc. 33-9893 08/17/15

In the Matter of Theodore R. Augustyniak Stand-alone Admin. Proc. IA-4175 08/17/15

In the Matter of Tamara S. Kraus Stand-alone Admin. Proc. IA-4176 08/17/15

In the Matter of Bradford D. Szczecinski Stand-alone Admin. Proc. IA-4177 08/17/15

In the Matter of Aubrey Lee Price Follow-on Admin. Proc. IA-4179 08/19/15

In the Matter of Brian M. Bennett (f/k/a Brian M. Zentmyer) Follow-on Admin. Proc. IA-4185 08/28/15

In the Matter of Taberna Capital Management, LLC, et al. Stand-alone Admin. Proc. 34-75814 09/02/15

In the Matter of Mackensen & Company, Inc., et al. Stand-alone Admin. Proc. IA-4188 09/03/15

SEC v. Summit Asset Strategies Investment 

Management, LLC, et al. Civil LR-23334 09/04/15

In the Matter of Bennett Group Financial Services, LLC, et al. Stand-alone Admin. Proc. 33-9910 09/09/15

In the Matter of Jeffrey B. Rubin Stand-alone Admin. Proc. 33-9913 09/15/15

In the Matter of Charles D. Jones Follow-on Admin. Proc. 34-75955 09/21/15

In the Matter of First Eagle Investment Management, LLC, et al. Stand-alone Admin. Proc. IA-4199 09/21/15

In the Matter of R.T. Jones Capital Equities Management, Inc. Stand-alone Admin. Proc. IA-4204 09/22/15

SEC v. Eldrick E. Woodley d/b/a Woodley & Co. Wealth Strategies Civil LR-23366 09/22/15

In the Matter of William B. Fretz, et al. Stand-alone Admin. Proc. 33-9925 09/23/15

In the Matter of Marcello Trebitsch Follow-on Admin. Proc. 34-75990 09/28/15

SEC v. Lee D. Weiss, et al. Civil LR-23370 09/29/15

In the Matter of James Goodland, et al. Stand-alone Admin. Proc. IA-4213 09/30/15

Issuer Reporting and Disclosure

In the Matter of Peter A. Jenson, Chartered Accountant Follow-on Admin. Proc. 34-73294 10/03/14

In the Matter of Eugene F. Hovanec, CPA Follow-on Admin. Proc. 34-73421 10/23/14

In the Matter of Berman & Company, P.A., et al. Stand-alone Admin. Proc. 34-73427 10/24/14

In the Matter of David G. Derrick, Sr. Stand-alone Admin. Proc. 33-9669 10/24/14

In the Matter of James J. Dalton, Jr. Stand-alone Admin. Proc. 33-9670 10/24/14

In the Matter of Great Lakes Dredge & Dock Corporation Stand-alone Admin. Proc. 34-73434 10/27/14

In the Matter of Kenneth G. Eade, Esq. Follow-on Admin. Proc. 34-73454 10/28/14

SEC v. Charles E. Smith, CPA, et al. Civil LR-23124 10/31/14

In the Matter of Green Automotive Company Stand-alone Admin. Proc. 34-73521 11/05/14

In the Matter of APT Motovox Group, Inc. Stand-alone Admin. Proc. 34-73522 11/05/14

In the Matter of CoroWare, Inc. Stand-alone Admin. Proc. 34-73523 11/05/14

In the Matter of MineralRite Corporation Stand-alone Admin. Proc. 34-73525 11/05/14

In the Matter of Monster Arts, Inc. Stand-alone Admin. Proc. 34-73519 11/05/14

In the Matter of Red Giant Entertainment, Inc. Stand-alone Admin. Proc. 34-73518 11/05/14

In the Matter of Worthington Energy, Inc. Stand-alone Admin. Proc. 34-73526 11/05/14

In the Matter of ERF Wireless, Inc. Stand-alone Admin. Proc. 34-73524 11/05/14

In the Matter of Mondial Ventures, Inc. Stand-alone Admin. Proc. 34-73517 11/05/14

In the Matter of Seaniemac International, Ltd. Stand-alone Admin. Proc. 34-73520 11/05/14

In the Matter of Dr. L.S. Smith Stand-alone Admin. Proc. 34-73582 11/12/14

In the Matter of Mark Smith, CPA Follow-on Admin. Proc. 34-73610 11/14/14

In the Matter of Charles Elliot Smith, CPA Follow-on Admin. Proc. 34-73609 11/14/14

In the Matter of Linden Boyne Follow-on Admin. Proc. 34-73603 11/14/14

In the Matter of Laurie Bebo, et al. Stand-alone Admin. Proc. 34-73722 12/03/14

In the Matter of Hampton Roads Bankshares, Inc. Stand-alone Admin. Proc. 34-73750 12/05/14

In the Matter of Neal A. Petrovich, CPA Stand-alone Admin. Proc. 34-73751 12/05/14

In the Matter of BKD, LLP Stand-alone Admin. Proc. 34-73768 12/08/14

Case Name Type of Action Release No. Date Filed
14

In the Matter of Joseph Yafeh CPA, Inc. Stand-alone Admin. Proc. 34-73770 12/08/14

In the Matter of Lerner & Sipkin CPAs, LLP Stand-alone Admin. Proc. 34-73775 12/08/14

In the Matter of Robert Cooper & Company CPA, P.C. Stand-alone Admin. Proc. 34-73769 12/08/14

In the Matter of Lally & Co., LLC Stand-alone Admin. Proc. 34-73771 12/08/14

In the Matter of Brace & Associates, PLLC Stand-alone Admin. Proc. 34-73772 12/08/14

In the Matter of Boros & Farrington Accountancy Corporation Stand-alone Admin. Proc. 34-73773 12/08/14

In the Matter of OUM & Co. LLP Stand-alone Admin. Proc. 34-73774 12/08/14

SEC v. David L. Fleet Civil 2014-278 12/12/14

In the Matter of Canadian Solar, Inc., et al. Stand-alone Admin. Proc. 34-73839 12/15/14

In the Matter of Baker Tilly Hong Kong Limited, et al. Stand-alone Admin. Proc. 34-73862 12/17/14

In the Matter of James T. Crane, CPA Follow-on Admin. Proc. 34-74039 01/13/15

In the Matter of Wayne Middleton Stand-alone Admin. Proc. 33-9702 01/15/15

In the Matter of Charles Irizarry Stand-alone Admin. Proc. 33-9701 01/15/15

In the Matter of Stuart Carnie Stand-alone Admin. Proc. 33-9700 01/15/15

In the Matter of John Briner, et al. Stand-alone Admin. Proc. 33-9699 01/15/15

In the Matter of First National Community Bancorp Inc., et al. Stand-alone Admin. Proc. 33-9714 01/28/15

In the Matter of Steven Neil, CPA Follow-on Admin. Proc. 34-74208 02/04/15

SEC v. Broadwind Energy, Inc., et al. Civil 2015-24 02/05/15

SEC v. Joseph A. Kostelecky Civil LR-23191 02/06/15

In the Matter of William Slater, CPA, et al. Stand-alone Admin. Proc. 34-74240 02/10/15

In the Matter of Nicholas Toms Stand-alone Admin. Proc. 34-74261 02/11/15

In the Matter of Traci J. Anderson, CPA, et al. Stand-alone Admin. Proc. 33-9725 02/13/15

SEC v. Michael M. Cohen, et al. Civil LR-23201 02/19/15

In the Matter of Halpern & Associates, LLC, et al. Stand-alone Admin. Proc. 34-74350 02/23/15

In the Matter of Robert W. Elliot Stand-alone Admin. Proc. 34-74401 03/02/15

SEC v. China Infrastructure Investment Corporation, et al. Civil LR-23214 03/03/15

In the Matter of Cynthia A. Sabol, CPA Follow-on Admin. Proc. 34-74493 03/12/15

In the Matter of Polycom, Inc. Stand-alone Admin. Proc. 34-74613 03/31/15

SEC v. Andrew M. Miller Civil LR-23225 03/31/15

In the Matter of Timothy E. Scronce Stand-alone Admin. Proc. 34-74626 04/01/15

In the Matter of Michael Hedrick Stand-alone Admin. Proc. 34-74625 04/01/15

In the Matter of Marc J. Mize Stand-alone Admin. Proc. 34-74624 04/01/15

In the Matter of Michael M. Cohen Follow-on Admin. Proc. 33-9745 04/09/15

In the Matter of Molex Incorporated Stand-alone Admin. Proc. 34-74696 04/09/15

SEC v. Katsuichi Fusamae Civil LR-23237 04/09/15

In the Matter of R. Scott Peden, Esq. Follow-on Admin. Proc. 34-74752 04/16/15

In the Matter of William J. Gaffney Stand-alone Admin. Proc. 33-9748 04/16/15

In the Matter of Kevin D. Miller Stand-alone Admin. Proc. 33-9750 04/16/15

In the Matter of Ronald A. Warren Stand-alone Admin. Proc. 33-9749 04/16/15

In the Matter of W2007 Grace Acquisition I, Inc. Stand-alone Admin. Proc. 34-74782 04/22/15

In the Matter of International Precious Metals, Inc. Stand-alone Admin. Proc. 33-9759 04/23/15

In the Matter of Kismet, Inc. Stand-alone Admin. Proc. 33-9758 04/23/15

In the Matter of Donald J. Torbert, CPA, et al. Stand-alone Admin. Proc. 34-74816 04/27/15

In the Matter of Simon Lesser, CPA, CA Stand-alone Admin. Proc. 34-74827 04/29/15

SEC v. David R. Gibson, et al. Civil LR-23254 05/06/15

In the Matter of Gruber & Company, LLC, et al. Follow-on Admin. Proc. 34-74904 05/07/15

In the Matter of The Registration Statement of First Xeris Corp. Stand-alone Admin. Proc. 33-9768 05/11/15

In the Matter of The Registration Statement of Orion Global Corp. Stand-alone Admin. Proc. 33-9769 05/11/15

In the Matter of The Registration Statement of Visual Acumen, Inc. Stand-alone Admin. Proc. 33-9767 05/11/15

Case Name Type of Action Release No. Date Filed
15

In the Matter of The Registration Statement of 

PurpleReal.com Corp. Stand-alone Admin. Proc. 33-9770 05/12/15

SEC v. ITT Educational Services, Inc., et al. Civil LR-23259 05/12/15

In the Matter of Renrui Tang Follow-on Admin. Proc. 34-75014 05/20/15

In the Matter of Deutsche Bank AG Stand-alone Admin. Proc. 34-75040 05/26/15

In the Matter of First Bancorp, et al. Stand-alone Admin. Proc. 34-75086 06/01/15

In the Matter of Computer Sciences Corporation, et al. Stand-alone Admin. Proc. 33-9804 06/05/15

SEC v. Christopher Edwards Civil 2015-111 06/05/15

SEC v. Edward Parker Civil 2015-111 06/05/15

SEC v. Wilfred Robert Sutcliffe Civil 2015-111 06/05/15

In the Matter of Michael S. Wilson, CPA, et al. Stand-alone Admin. Proc. 34-75298 06/25/15

In the Matter of List Solutions, Inc. Stand-alone Admin. Proc. 33-9857 06/29/15

In the Matter of Borderless Holdings, Inc. Stand-alone Admin. Proc. 33-9859 06/29/15

In the Matter of EDGARizing Solutions, Inc. Stand-alone Admin. Proc. 33-9858 06/29/15

In the Matter of Transfer Enterprises, Inc. Stand-alone Admin. Proc. 33-9856 06/29/15

In the Matter of Jonathan D. Davey, CPA Follow-on Admin. Proc. IA-4134 06/30/15

In the Matter of Deloitte & Touche LLP, et al. Stand-alone Admin. Proc. 34-75343 07/01/15

In the Matter of Christopher Edwards, CA Follow-on Admin. Proc. 34-75563 07/30/15

In the Matter of Menono, Inc. Stand-alone Admin. Proc. 33-9879 08/05/15

In the Matter of Miller Energy Resources, Inc., et al. Stand-alone Admin. Proc. 33-9881 08/06/15

In the Matter of Wesley N. Stark, CPA, et al. Stand-alone Admin. Proc. 34-75627 08/06/15

In the Matter of Dawn M. Schlegel, CPA Follow-on Admin. Proc. 34-75645 08/07/15

In the Matter of Jeffrey L. Lamson, CPA Follow-on Admin. Proc. 34-75666 08/11/15

In the Matter of DJSP Enterprises, Inc. Stand-alone Admin. Proc. 34-75671 08/12/15

In the Matter of Kumar Gursahaney Stand-alone Admin. Proc. 33-9888 08/12/15

In the Matter of Johnson Lambert LLP, et al. Stand-alone Admin. Proc. 34-75795 08/31/15

In the Matter of Raymon Holmdahl, CPA, et al. Stand-alone Admin. Proc. 34-75843 09/04/15

In the Matter of Hyunjin Lerner, CPA Stand-alone Admin. Proc. 33-9902 09/08/15

In the Matter of Bankrate, Inc. Stand-alone Admin. Proc. 33-9901 09/08/15

In the Matter of MusclePharm Corporation Stand-alone Admin. Proc. 33-9903 09/08/15

In the Matter of Brad J. Pyatt Stand-alone Admin. Proc. 33-9904 09/08/15

In the Matter of Donald W. Prosser, CPA Stand-alone Admin. Proc. 34-75855 09/08/15

In the Matter of L. Gary Davis, CPA Stand-alone Admin. Proc. 33-9906 09/08/15

In the Matter of Lawrence S. Meer, CPA Stand-alone Admin. Proc. 33-9905 09/08/15

SEC v. Edward DiMaria, et al. Civil LR-23335 09/08/15

SEC v. Kaleil I. Tuzman, et al. Civil 2015-183 09/08/15

In the Matter of Sean C. Henaghan, CPA, et al. Stand-alone Admin. Proc. 34-75859 09/09/15

In the Matter of Ronald E. Heineman Stand-alone Admin. Proc. 34-75860 09/09/15

In the Matter of Salvatore J. Zizza Stand-alone Admin. Proc. 34-75861 09/09/15

In the Matter of BDO USA, LLP Stand-alone Admin. Proc. 34-75862 09/09/15

SEC v. Stephen B. Pence Civil 2015-184 09/09/15

In the Matter of Steven M. Dombrowski, CPA Follow-on Admin. Proc. 34-75907 09/10/15

SEC v. Benjamin Wey, et al. Civil LR-23342 09/10/15

In the Matter of Wilfred Robert Sutcliffe Follow-on Admin. Proc. 34-75920 09/15/15

In the Matter of Edward Parker, CA Follow-on Admin. Proc. 34-75921 09/15/15

In the Matter of Joseph F. Apuzzo, CPA Follow-on Admin. Proc. 34-75933 09/16/15

In the Matter of Philip A. Pendergraft, et al. Stand-alone Admin. Proc. 33-9914 09/17/15

In the Matter of Terry L. Johnson, CPA Stand-alone Admin. Proc. 33-9915 09/17/15

SEC v. Christopher J. Hall Civil LR-23352 09/17/15

Case Name Type of Action Release No. Date Filed
16

In the Matter of Christopher D. Whetman, CPA Stand-alone Admin. Proc. 33-9920 09/18/15

In the Matter of Idle Media, Inc., et al. Stand-alone Admin. Proc. 34-75963 09/22/15

In the Matter of Stein Mart, Inc. Stand-alone Admin. Proc. 34-75958 09/22/15

SEC v. Richard E. Gathright, et al. Civil LR-23361 09/25/15

In the Matter of Trinity Capital Corporation Stand-alone Admin. Proc. 33-9930 09/28/15

In the Matter of William C. Enloe Stand-alone Admin. Proc. 33-9931 09/28/15

In the Matter of Daniel R. Bartholomew, et al. Stand-alone Admin. Proc. 34-75999 09/28/15

SEC v. Jill D. Cook, et al. Civil LR-23367 09/28/15

In the Matter of Hyperdynamics Corporation Stand-alone Admin. Proc. 34-76006 09/29/15

SEC v. Michael J. Moore Civil LR-23372 09/29/15

In the Matter of Focus Media Holding Limited, et al. Stand-alone Admin. Proc. 33-9933 09/30/15

SEC v. David P. Godwin, et al. Civil LR-23373 09/30/15

Market Manipulation

In the Matter of Athena Capital Research, LLC Stand-alone Admin. Proc. 34-73369 10/16/14

In the Matter of Thrasos Tommy Petrou Stand-alone Admin. Proc. 34-73442 10/27/14

SEC v. Bruce D. Strebinger, et al. Civil 2014-247 11/03/14

SEC v. Richard Weed, et al. Civil LR-23129 11/06/14

In the Matter of Robert C. Weaver, Jr., Esq. Follow-on Admin. Proc. 34-73578 11/12/14

In the Matter of Pennington Capital Management, LLC, et al. Stand-alone Admin. Proc. 34-73583 11/12/14

SEC v. Anthony J. Thompson, Jr., et al. Civil LR-23137 11/17/14

SEC v. Joseph A. Noel Civil LR-23134 11/17/14

SEC v. Forum National Investments Ltd., et al. Civil LR-23135 11/18/14

SEC v. Robert Benou, et al. Civil LR-23141 11/21/14

SEC v. Matthew Carley Civil LR-23147 12/04/14

SEC v. Douglas Furth Civil LR-23157 12/12/14

SEC v. Treaty Energy Corporation, et al. Civil LR-23158 12/15/14

In the Matter of Paul J. Pollack, et al. Stand-alone Admin. Proc. 34-73844 12/16/14

SEC v. Joseph A. Saranello Civil LR-23162 12/18/14

SEC v. Aleksandr Milrud Civil LR-23173 01/13/15

SEC v. Gary S. Williky Civil LR-23211 03/02/15

SEC v. David Craven, et al. Civil LR-23219 03/11/15

In the Matter of KeyPoint Capital Management, LLC Stand-alone Admin. Proc. 34-74539 03/19/15

SEC v. Michael J. Ling Civil LR-23224 03/27/15

In the Matter of Mitchell J. Stein Follow-on Admin. Proc. 34-74977 05/15/15

SEC v. Adam S. Gottbetter, et al. Civil LR-23269 05/26/15

SEC v. Mike Taxon, et al. Civil LR-23271 05/28/15

In the Matter of Gerard Haryman Stand-alone Admin. Proc. 34-75080 06/01/15

In the Matter of Barry Hawk Stand-alone Admin. Proc. 34-75081 06/01/15

In the Matter of Ronald Lawrence Schuman Stand-alone Admin. Proc. 34-75082 06/01/15

SEC v. Edmond L. Lonergan, et al. Civil LR-23274 06/01/15

SEC v. PTG Capital Partners LTD, et al. Civil LR-23301 06/04/15

SEC v. Andrew L. Evans Civil LR-23280 06/09/15

SEC v. Norstra Energy, Inc., et al. Civil LR-23290 06/18/15

In the Matter of Adam S. Gottbetter Follow-on Admin. Proc. 34-75266 06/23/15

In the Matter of Peter Voutsas Stand-alone Admin. Proc. 33-9860 06/30/15

SEC v. Harold Bailey “B.J.” Gallison, II (A.K.A. Bart Williams), et al. Civil LR-23303 07/14/15

SEC v. Joshua Samuel Aaron, et al. Civil 2015-152 07/21/15

SEC v. Philip Thomas Kueber Civil 2015-157 07/31/15

Case Name Type of Action Release No. Date Filed
17

SEC v. Arkadiy Dubovoy, et al. Civil LR-23319 08/10/15

SEC v. Marco Babini, et al. Civil LR-23346 09/14/15

SEC v. George Ivakhnik, et al. Civil LR-23353 09/15/15

SEC v. Frank Morelli III, et al. Civil LR-23355 09/21/15

In the Matter of G Asset Management, LLC, et al. Stand-alone Admin. Proc. 33-9928 09/24/15

SEC v. Jason W. Galanis, et al. Civil LR-23360 09/24/15

In the Matter of Howard Richards Stand-alone Admin. Proc. 34-76058 09/30/15

In the Matter of Edward T. Borg, et al. Stand-alone Admin. Proc. 33-9957 09/30/15

Municipal Securities & Public Pensions

In the Matter of Investment Professionals Inc. Stand-alone Admin. Proc. 34-73501 11/03/14

In the Matter of Charles Schwab & Co., Inc. Stand-alone Admin. Proc. 34-73498 11/03/14

In the Matter of Hapoalim Securities USA, Inc. Stand-alone Admin. Proc. 34-73499 11/03/14

In the Matter of Interactive Brokers, LLC Stand-alone Admin. Proc. 34-73500 11/03/14

In the Matter of J.P. Morgan Securities, LLC Stand-alone Admin. Proc. 34-73502 11/03/14

In the Matter of Lebenthal & Co., LLC Stand-alone Admin. Proc. 34-73507 11/03/14

In the Matter of National Securities Corp. Stand-alone Admin. Proc. 34-73508 11/03/14

In the Matter of Oppenheimer & Co., Inc. Stand-alone Admin. Proc. 34-73509 11/03/14

In the Matter of Riedl First Securities Co. of Kansas Stand-alone Admin. Proc. 34-73510 11/03/14

In the Matter of Stifel Nicolaus & Co., Inc. Stand-alone Admin. Proc. 34-73503 11/03/14

In the Matter of TD Ameritrade, Inc. Stand-alone Admin. Proc. 34-73504 11/03/14

In the Matter of UBS Finanical Services, Inc. Stand-alone Admin. Proc. 34-73505 11/03/14

In the Matter of Wedbush Securities, Inc. Stand-alone Admin. Proc. 34-73506 11/03/14

In the Matter of City of Allen Park, Michigan Stand-alone Admin. Proc. 33-9677 11/06/14

SEC v. Eric C. Waidelich Civil 2014-249 11/06/14

SEC v. Gary J. Burtka Civil 2014-249 11/06/14

In the Matter of Edgar L. Giovannetti Stand-alone Admin. Proc. 34-74089 01/16/15

In the Matter of Consulting Services Group, LLC Stand-alone Admin. Proc. IA-4000 01/16/15

In the Matter of StateTrust Investments, Inc. Stand-alone Admin. Proc. 34-74792 04/23/15

In the Matter of Gray Financial Group, Inc., et al. Stand-alone Admin. Proc. 33-9789 05/21/15

In the Matter of Sterne, Agee & Leach, Inc. Stand-alone Admin. Proc. 33-9844 06/18/15

In the Matter of Benchmark Securities, LLC Stand-alone Admin. Proc. 33-9813 06/18/15

In the Matter of Merchant Capital, LLC Stand-alone Admin. Proc. 33-9831 06/18/15

In the Matter of Raymond James & Associates, Inc. Stand-alone Admin. Proc. 33-9838 06/18/15

In the Matter of Stephens, Inc. Stand-alone Admin. Proc. 33-9843 06/18/15

In the Matter of BNY Mellon Capital Markets, LLC Stand-alone Admin. Proc. 33-9816 06/18/15

In the Matter of Citigroup Global Markets, Inc. Stand-alone Admin. Proc. 33-9819 06/18/15

In the Matter of Goldman, Sachs & Co. Stand-alone Admin. Proc. 33-9825 06/18/15

In the Matter of Oppenheimer & Co. Inc. Stand-alone Admin. Proc. 33-9836 06/18/15

In the Matter of RBC Capital Markets, LLC Stand-alone Admin. Proc. 33-9839 06/18/15

In the Matter of B.C. Ziegler and Company Stand-alone Admin. Proc. 33-9812 06/18/15

In the Matter of BMO Capital Markets GKST, Inc. Stand-alone Admin. Proc. 33-9815 06/18/15

In the Matter of Central States Capital Markets, LLC Stand-alone Admin. Proc. 33-9818 06/18/15

In the Matter of City Securities Corporation Stand-alone Admin. Proc. 33-9820 06/18/15

In the Matter of Hutchinson, Shockey, Erley & Co. Stand-alone Admin. Proc. 33-9826 06/18/15

In the Matter of L.J. Hart & Company Stand-alone Admin. Proc. 33-9828 06/18/15

In the Matter of Loop Capital Markets, LLC Stand-alone Admin. Proc. 33-9829 06/18/15

In the Matter of The Northern Trust Company Stand-alone Admin. Proc. 33-9835 06/18/15

In the Matter of Robert W. Baird & Co. Incorporated Stand-alone Admin. Proc. 33-9840 06/18/15

Case Name Type of Action Release No. Date Filed
18

In the Matter of William Blair & Company, LLC Stand-alone Admin. Proc. 33-9847 06/18/15

In the Matter of First National Capital Markets, Inc. Stand-alone Admin. Proc. 33-9823 06/18/15

In the Matter of Davenport & Company, LLC Stand-alone Admin. Proc. 33-9821 06/18/15

In the Matter of J.P. Morgan Securities, LLC Stand-alone Admin. Proc. 33-9827 06/18/15

In the Matter of Merrill Lynch, Pierce, Fenner & Smith, Incorporated Stand-alone Admin. Proc. 33-9833 06/18/15

In the Matter of Morgan Stanley & Co., LLC Stand-alone Admin. Proc. 33-9834 06/18/15

In the Matter of Baker Group, LP Stand-alone Admin. Proc. 33-9811 06/18/15

In the Matter of Bernardi Securities, Inc. Stand-alone Admin. Proc. 33-9814 06/18/15

In the Matter of BOSC, Inc. Stand-alone Admin. Proc. 33-9817 06/18/15

In the Matter of Dougherty & Company, LLC Stand-alone Admin. Proc. 33-9822 06/18/15

In the Matter of George K. Baum & Company Stand-alone Admin. Proc. 33-9824 06/18/15

In the Matter of Martin Nelson & Co., Inc. Stand-alone Admin. Proc. 33-9830 06/18/15

In the Matter of Piper Jaffray & Co. Stand-alone Admin. Proc. 33-9837 06/18/15

In the Matter of Siebert Brandford Shank & Co., LLC Stand-alone Admin. Proc. 33-9841 06/18/15

In the Matter of Smith Hayes Financial Services Corporation Stand-alone Admin. Proc. 33-9842 06/18/15

In the Matter of Stifel, Nicolaus & Company, Inc. Stand-alone Admin. Proc. 33-9845 06/18/15

In the Matter of Wells Nelson & Associates, LLC Stand-alone Admin. Proc. 33-9846 06/18/15

In the Matter of Edward D. Jones & Co., L.P. Stand-alone Admin. Proc. 33-9889 08/13/15

In the Matter of Stina R. Wishman Stand-alone Admin. Proc. 33-9890 08/13/15

In the Matter of Crews & Associates, Inc. Stand-alone Admin. Proc. 33-9953 09/30/15

In the Matter of Ross and Sinclaire & Associates, LLC Stand-alone Admin. Proc. 33-9936 09/30/15

In the Matter of U.S. Bank Municipal Securities Group, a Division

of U.S. Bank National Association Stand-alone Admin. Proc. 33-9939 09/30/15

In the Matter of Duncan-Williams, Inc. Stand-alone Admin. Proc. 33-9954 09/30/15

In the Matter of The Frazer Lanier Company, Incorporated Stand-alone Admin. Proc. 33-9942 09/30/15

In the Matter of Joe Jolly & Co., Inc. Stand-alone Admin. Proc. 33-9944 09/30/15

In the Matter of Estrada Hinojosa & Company, Inc. Stand-alone Admin. Proc. 33-9940 09/30/15

In the Matter of Fifth Third Securities, Inc. Stand-alone Admin. Proc. 33-9941 09/30/15

In the Matter of PNC Capital Markets, LLC Stand-alone Admin. Proc. 33-9934 09/30/15

In the Matter of J.J.B. Hilliard, W.L. Lyons, LLC Stand-alone Admin. Proc. 33-9943 09/30/15

In the Matter of Comerica Securities, Inc. Stand-alone Admin. Proc. 33-9950 09/30/15

In the Matter of Mesirow Financial, Inc. Stand-alone Admin. Proc. 33-9945 09/30/15

In the Matter of NW Capital Markets, Inc. Stand-alone Admin. Proc. 33-9947 09/30/15

In the Matter of UBS Financial Services, Inc. Stand-alone Admin. Proc. 33-9937 09/30/15

In the Matter of Ameritas Investment Corp. Stand-alone Admin. Proc. 33-9948 09/30/15

In the Matter of BB&T Securities, LLC Stand-alone Admin. Proc. 33-9949 09/30/15

In the Matter of Commerce Bank Capital Markets Group Stand-alone Admin. Proc. 33-9951 09/30/15

In the Matter of Edward D. Jones & Co., L.P. Stand-alone Admin. Proc. 33-9955 09/30/15

In the Matter of Country Club Bank Stand-alone Admin. Proc. 33-9952 09/30/15

In the Matter of Northland Securities, Inc. Stand-alone Admin. Proc. 33-9946 09/30/15

In the Matter of Prager & Co., LLC Stand-alone Admin. Proc. 33-9935 09/30/15

In the Matter of UMB Bank, N.A. Investment Stand-alone Admin. Proc. 33-9938 09/30/15

Natl Rec Stat Rating Org (NRSRO)

In the Matter of Barbara Duka Stand-alone Admin. Proc. 33-9706 01/21/15

In the Matter of Standard & Poor’s Ratings Services Stand-alone Admin. Proc. 34-74103 01/21/15

In the Matter of Standard & Poor’s Ratings Services Stand-alone Admin. Proc. 33-9705 01/21/15

In the Matter of Standard & Poor’s Ratings Services Stand-alone Admin. Proc. 33-9704 01/21/15

Case Name Type of Action Release No. Date Filed
19

Other

In the Matter of Berjaya Lottery Management (H.K.) Ltd. Stand-alone Admin. Proc. 34-74498 03/13/15

In the Matter of Shuipan Lin Stand-alone Admin. Proc. 34-74497 03/13/15

In the Matter of The Ciabattoni Living Trust Dated August 17, 2000 Stand-alone Admin. Proc. 34-74499 03/13/15

In the Matter of Anthony J. Ciabattoni Stand-alone Admin. Proc. 34-74500 03/13/15

In the Matter of Jane G. Ciabattoni Stand-alone Admin. Proc. 34-74501 03/13/15

In the Matter of SMP Investments I, LLC Stand-alone Admin. Proc. 34-74502 03/13/15

In the Matter of Brian Potiker Stand-alone Admin. Proc. 34-74503 03/13/15

In the Matter of William A. Houlihan Stand-alone Admin. Proc. 34-74504 03/13/15

In the Matter of KBR, Inc. Stand-alone Admin. Proc. 34-74619 04/01/15

In the Matter of Gary B. Wolff, Esq. Follow-on Admin. Proc. 34-75521 07/24/15

In the Matter of David J. Stern Follow-on Admin. Proc. 34-75673 08/12/15

Securities Offering

In the Matter of George N. Krinos, et al. Stand-alone Admin. Proc. 33-9665 10/16/14

In the Matter of Anthony Coronati, et al. Stand-alone Admin. Proc. 33-9666 10/17/14

In the Matter of Navagate, Inc., et al. Stand-alone Admin. Proc. 33-9673 10/31/14

In the Matter of Middlebury Securities, LLC Stand-alone Admin. Proc. 33-9672 10/31/14

In the Matter of Gregory Osborn Stand-alone Admin. Proc. 33-9674 10/31/14

In the Matter of Eureeca Capital SPC Stand-alone Admin. Proc. 33-9678 11/10/14

In the Matter of Pankaj K. Srivastava, et al. Stand-alone Admin. Proc. 33-9679 11/12/14

In the Matter of Mark A. Ellison, Esq. Follow-on Admin. Proc. 34-73604 11/14/14

SEC v. Wilfred T. Azar, III, et al. Civil LR-23132 11/14/14

SEC v. Albert J. Scipione Civil LR-23136 11/18/14

SEC v. Paul R. Downey, et al. Civil LR-23144 11/20/14

SEC v. Levi D. Lindemann Civil LR-23146 11/24/14

SEC v. Vinay Kumar Nevatia Civil LR-23145 12/02/14

SEC v. Charles A. Bennett Civil 2014-279 12/12/14

In the Matter of Michael W. Crow, et al. Stand-alone Admin. Proc. 33-9690 12/16/14

In the Matter of Angel E. Lana, CPA Stand-alone Admin. Proc. 33-9691 12/16/14

SEC v. Premier Links, Inc., et al. Civil LR-23163 12/18/14

SEC v. Efstratios “Elias” D. Argyropoulos, et al. Civil LR-23169 12/23/14

SEC v. Frederic Elm, et al. Civil LR-23175 01/15/15

SEC v. Loren W. Holzhueter, et al. Civil LR-23182 01/22/15

In the Matter of Spectrum Concepts, LLC, et al. Stand-alone Admin. Proc. 33-9709 01/23/15

In the Matter of David B. Havanich, Jr., et al. Stand-alone Admin. Proc. 33-9708 01/23/15

SEC v. Caledonian Bank Ltd., et al. Civil LR-23195 02/06/15

SEC v. Roger S. Bliss, et al. Civil LR-23196 02/11/15

SEC v. Kristine L. Johnson, et al. Civil LR-23198 02/12/15

In the Matter of Sandra Dyche Stand-alone Admin. Proc. 33-9729 02/20/15

SEC v. Premiere Power, LLC, et al. Civil LR-23203 02/20/15

SEC v. Tropikgadget FZE, et al. Civil LR-23209 02/25/15

In the Matter of Thomas Edward Kent Follow-on Admin. Proc. 34-74385 02/26/15

SEC v. Gregory W. Gray, Jr., et al. Civil LR-23210 02/27/15

In the Matter of Gary E. Patterson, Esq. Stand-alone Admin. Proc. 33-9735 03/03/15

SEC v. Ahmad F. Alyasin, et al. Civil LR-23213 03/03/15

In the Matter of Robert J. Andres, Esq. Follow-on Admin. Proc. 34-74510 03/13/15

In the Matter of Coral Reef Media, LLC, et al. Stand-alone Admin. Proc. 33-9738 03/17/15

SEC v. Macquarie Capital (USA) Inc., et al. Civil LR-23222 03/27/15

Case Name Type of Action Release No. Date Filed
20

SEC v. Capital Financial Partners, LLC, et. al. Civil LR-23232 04/01/15

SEC v. Team Resources, Inc., et al. Civil LR-23230 04/06/15

SEC v. GC Resources, LLC, et al. Civil LR-23231 04/06/15

SEC v. Janus Spectrum, LLC, et al. Civil LR- 23236 04/06/15

SEC v. eCareer Holdings, Inc., et al. Civil LR-23242 04/07/15

SEC v. Pacific West Capital Group, Inc., et al. Civil LR-23233 04/07/15

SEC v. Mieka Energy Corporation, et al. Civil LR-23239 04/10/15

SEC v. James A. Evans, Jr. Civil LR-23240 04/13/15

In the Matter of Edward T. Farmer Stand-alone Admin. Proc. 33-9747 04/16/15

SEC v. Daniel P. McKelvey, et al. Civil LR-23243 04/16/15

In the Matter of Russell C. Schalk, Jr. Stand-alone Admin. Proc. 33-9751 04/17/15

In the Matter of Joseph John Labadia Stand-alone Admin. Proc. 33-9752 04/17/15

In the Matter of Edward M. Daspin, a/k/a “Edward (Ed)

Michael”, et al. Stand-alone Admin. Proc. 33-9755 04/23/15

In the Matter of Steven J. Manderfeld, Esq. Follow-on Admin. Proc. 34-74817 04/27/15

SEC v. North Dakota Developments, LLC, et al. Civil LR-23252 05/05/15

SEC v. Christopher A. Novinger, et al. Civil LR-23256 05/11/15

SEC v. North Star Finance, LLC, et al. Civil LR-23262 05/11/15

In the Matter of Paul Tabet Stand-alone Admin. Proc. 33-9771 05/12/15

SEC v. Sethi Petroleum, LLC, et al. Civil LR-23265 05/14/15

In the Matter of Guy M. Jean-Pierre, Esq., a/k/a “Marcelo 

Dominguez De Guerra” Follow-on Admin. Proc. 34-74999 05/20/15

In the Matter of Randy E. Olshen Stand-alone Admin. Proc. 33-9788 05/20/15

SEC v. Robert P. DePalo, et al. Civil LR-23272 05/20/15

In the Matter of William Quigley Stand-alone Admin. Proc. 33-9794 05/28/15

SEC v. Aquaphex Total Water Resources, et al. Civil LR-23282 06/10/15

SEC v. Ryan L. Cook, et al. Civil LR-23285 06/12/15

In the Matter of Equity Trust Company Stand-alone Admin. Proc. 33-9807 06/16/15

In the Matter of Sand Hill Exchange, et al. Stand-alone Admin. Proc. 33-9809 06/17/15

SEC v. Capital Cove Bancorp, LLC, et al. Civil LR-23292 06/18/15

SEC v. Gregg R. Mulholland Civil LR-23293 06/23/15

SEC v. Baldwin, et al. Civil LR- 23299 06/25/15

SEC v. DFRF Enterprises, LLC, et al. Civil LR-23296 06/30/15

SEC v. Malcolm Segal Civil LR-23295 07/01/15

SEC v. Luca International Group, LLC, et al. Civil LR-23298 07/06/15

SEC v. Paul Lee Moore Civil 2015-148 07/16/15

In the Matter of Scott A. Eisler Stand-alone Admin. Proc. 33-9868 07/23/15

In the Matter of Arthur W. Lewis Stand-alone Admin. Proc. 33-9869 07/23/15

In the Matter of Robert Okin Stand-alone Admin. Proc. 34-75512 07/23/15

SEC v. James P. Griffin, et al. Civil 2015-156 07/30/15

SEC v. Frederick Alan Voight, et al. Civil 2015-158 08/03/15

In the Matter of David J. Boden, Esq. Follow-on Admin. Proc. 34-75618 08/05/15

In the Matter of Murat M. Dorkan Stand-alone Admin. Proc. 33-9878 08/05/15

SEC v. Colonial Tidewater Realty Income Partners, LLC, et al. Civil LR-23317 08/13/15

In the Matter of Success Trade, Inc., et al. Stand-alone Admin. Proc. 33-9891 08/14/15

SEC v. EnviraTrends, Inc., et al. Civil LR-23321 08/17/15

SEC v. Moshe Yehuda Dunoff Civil LR-23325 08/20/15

SEC v. Harrison Schumacher, et al. Civil LR-23329 08/21/15

SEC v. Path America, LLC, et al. Civil LR-23326 08/24/15

Case Name Type of Action Release No. Date Filed
21

SEC v. James M. Louks, et al. Civil 2015-176 09/01/15

In the Matter of Kevin McDonnell Stand-alone Admin. Proc. 33-9900 09/03/15

SEC v. Manny J. Shulman, et al. Civil LR-23337 09/03/15

SEC v. Paul Mata, et al. Civil LR-23340 09/03/15

In the Matter of Ditto Holdings, Inc. (now known as 

SoVesTech, Inc.) Stand-alone Admin. Proc. 33-9907 09/08/15

In the Matter of Joseph J. Fox Stand-alone Admin. Proc. 33-9908 09/08/15

In the Matter of Marc S. Mandel Stand-alone Admin. Proc. 33-9909 09/08/15

SEC v. Timothy M. Roberts, et al. Civil LR-23339 09/09/15

SEC v. Jason Mogler, et al. Civil LR-23347 09/11/15

SEC v. Robert DeWayne Milligan Civil LR-23354 09/17/15

SEC v. Steve Chen, et al. Civil LR-23378 09/22/15

SEC v. Taj Jerry Mahabub, et al. Civil LR-23363 09/25/15

In the Matter of Allen Ross Smith, Esq. Follow-on Admin. Proc. 34-76007 09/29/15

SEC v. Sanctum Publishing and Marketing, Limited, et al. Civil None 09/29/15

SEC v. Charles Riel III, et al. Civil LR-23371 09/29/15

SEC v. Commodore Financial Corp., et al. Civil LR-23376 09/30/15

SRO/Exchange

In the Matter of EDGA Exchange, Inc., et al. Stand-alone Admin. Proc. 34-74032 01/12/15

Transfer Agent

In the Matter of Mountain Share Transfer, LLC., et al. Stand-alone Admin. Proc. 34-74226 02/06/15

Case Name Type of Action Release No. Date Filed
22

Opened in Fiscal Year 2015. . 

Closed in Fiscal Year 2015. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 821

Ongoing1 as of September 30, 2015. . .

Formal Orders of Investigation Issued in Fiscal Year 2015. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 554

■ ■ ■

Right to Financial Privacy

Section 21(h) of the Securities Exchange Act of 1934 [15 U.S.C. 78u(h)(6)] requires that the 

Commission “compile an annual tabulation of the occasions on which the Commission used each 

separate subparagraph or clause of [Section 21(h)(2)] or the provisions of the Right to Financial 

Privacy Act of 1978 [12 U.S.C. 3401-22 (the RFPA)] to obtain access to financial records of a 

customer and include it in its annual report to the Congress.” Set forth below are the number of 

occasions on which the Commission obtained customer records pursuant to the provisions of 

the RFPA:

Section 1104 (Customer Authorizations). .

Section 1105 (Administrative Subpoenas). .

Section 1107 (Judicial Subpoenas). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

Section 1109 (Delayed Customer Notice). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0

1 Refers to matters at the investigative stage, and excludes those that are open solely due to litigation, collections, 

distributions, and other post-litigation activity. Also excludes investigations in the closing process. 

TABLE 4

INVESTIGATIONS OF POSSIBLE VIOLATIONS OF 

THE ACTS ADMINISTERED BY THE COMMISSION
23

2010 2011 2012 2013 2014

Revenues

Securities Commissions $ 47,010.2 $ 47,707.0 $ 40,565.8 $ 40,110.9 $ 39,484.1

Gains (Losses) in Trading and

Investment Accounts 31,200.7 10,243.0 26,879.6 21,249.9 21,581.4

Profits (Losses) from Underwriting

 and Selling Groups 24,427.5 22,933.6 27,911.3 31,990.8 33,486.1

Margin Interest 4,971.9 6,202.3 7,196.0 7,090.8 8,235.9

Revenues from Sale of Investment

 Company Shares 18,800.2 19,391.8 20,147.1 21,613.3 22,767.6

All Other Revenues 135,540.6 139,280.0 141,714.5 150,405.0 153,880.9

Total Revenues $261,951.0 $245,757.7 $264,414.3 $272,460.7 $279,435.8

Expenses

Registered Representatives’

 Compensation (Part II Only) 2/ $ 38,235.9 $ 41,094.3 $ 42,657.8 $ 48,455.6 $ 52,780.4

Other Employee Compensation

 and Benefits 60,306.3 57,576.2 58,144.1 57,577.5 57,509.6

Compensation to Partners and

 Voting Stockholder Officers 3,533.9 3,765.0 3,884.9 3,929.6 4,231.1

Commissions and Clearance Paid

 to Other Brokers 23,974.5 25,383.9 24,179.1 25,124.4 25,741.7

Interest Expenses 22,446.3 20,344.5 20,623.4 16,587.6 15,869.0

Regulatory Fees and Expenses 2,326.9 2,457.2 2,137.4 2,456.6 2,642.7

All Other Expenses 2/ 73,145.6 78,296.3 78,224.1 89,699.3 95,087.1

Total Expenses $223,969.4 $228,917.4 $229,850.8 $243,830.7 $ 253,861.6

Income and Profitability

Pre-tax Income $37,981.6 $16,840.3 $34,563.5 $28,629.9 $25,574.2

Pre-tax Profit Margin 14.5% 6.9% 13.1% 10.5% 9.2%

Pre-tax Return on Equity 3/ 17.1% 7.5% 14.7% 12.0% 10.5%

Assets, Liabilities and Capital

Total Assets $4,756,900.0 $4,661,501.0 $4,892,076.0 $4,590,749.0 $4,440,222.3

Liabilities

(a) Unsubordinated Liabilities 4,400,627.8 4,321,456.7 4,540,797.7 4,234,171.3 4,078,990.5

(b) Subordinated Liabilities 125,127.1 122,204.2 116,873.7 113,897.2 118,147.7

(c) Total Liabilities $4,525,754.9 $4,443,660.9 $4,657,671.4 $4,348,068.5 $4,197,138.2

Ownership Equity $231,145.1 $217,840.1 $234,404.6 $242,680.4 $243,084.1

Number of Firms 4,907 4,708 4,761 4,555 4,380

TABLE 5

UNCONSOLIDATED FINANCIAL INFORMATION 

FOR BROKER-DEALERS

2010 – 2014 1/

($ in Millions)

Figures may not add due to rounding.

1/ Calendar, rather than fiscal, year data is reported in this table. 

2/ Registered representatives’ compensation for firms that neither carry nor clear is included in “other expenses” as this expense item is not

reported separately on Part IIA of the FOCUS Report. 

3/ The denominator in the ROE calculation is the average total equity of sample firms at the start and end of the period. Entry and exit of firms 

do not have a material impact on the calculated ROE. 

Source: FOCUS Report
24

2010 2011 2012 2013 2014

Revenues 

Securities Commissions $ 46,762.8 $ 47,420.9 $ 40,394.1 $ 39,508.0 $ 39,256.6

Gains (Losses) in Trading and

Investment Accounts 25,038.7 6,046.3 21,154.3 16,187.8 15,967.3

Profits (Losses) from Underwriting

and Selling Groups 24,427.5 22,933.6 27,911.3 31,583.1 33,486.1

Margin Interest 4,972.3 6,202.2 7,195.9 6,979.0 8,235.9

Revenues from Sale of Investment

Company Shares 18,800.1 19,391.8 20,147.1 21,613.3 22,767.6

All Other Revenues 133,173.0 134,818.0 139,745.3 146,838.3 152,644.3

Total Revenues $253,174.5 $236,812.8 $256,548.0 $262,709.5 $272,357.7

 

Expenses 

Registered Representatives’

Compensation (Part II Only) 2/ $ 38,235.9 $ 41,094.3 $ 42,657.6 $ 48,412.3 $ 52,779.8

Other Employee Compensation

and Benefits 59,260.3 56,548.7 57,146.8 55,777.9 56,699.4

Compensation to Partners and

Voting Stockholder Officers 3,415.0 3,645.0 3,798.9 3,846.6 4,182.0

Commissions and Clearance Paid

to Other Brokers 22,835.7 24,438.1 23,372.5 24,300.2 25,075.4

Interest Expenses 21,983.6 19,823.6 20,029.3 15,958.2 15,489.5

Regulatory Fees and Expenses 1,854.4 1,939.8 1,846.0 2,135.2 2,354.1

All Other Expenses 2/ 71,183.7 75,880.8 75,744.7 86,514.9 92,754.4

Total Expenses $218,768.6 $223,370.3 $224,595.8 $236,945.3 $249,334.6

 

Income and Profitability

Pre-tax Income $34,405.9 $13,442.5 $31,952.2 $25,764.3 $23,023.1

Pre-tax Profit Margin 13.6% 5.7% 12.5% 9.8% 8.5%

Pre-tax Return on Equity 3/ 16.4% 6.3% 14.3% 11.3% 9.9%

Number of Firms 4,615 4,481 4,564 4,344 4,268

TABLE 6

UNCONSOLIDATED ANNUAL REVENUES AND EXPENSES FOR BROKER-DEALERS DOING A PUBLIC BUSINESS

2010 – 2014 1/

($ in Millions)

Figures may not add due to rounding.

1/ Calendar, rather than fiscal, year data is reported in this table.

2/ Registered representatives’ compensation for firms that neither carry nor clear is included in “other expenses”as this expense item is not

 reported separately on Part IIA of the FOCUS Report.

3/ The denominator in the ROE calculation is the average total equity of sample firms at the start and end of the period. Entry and exit of

 firms do not have a material impact on the calculated ROE. 

Source: FOCUS Report
25

TABLE 7

UNCONSOLIDATED BALANCE SHEET FOR BROKERDEALERS DOING A PUBLIC BUSINESS YEAR-END

2010 – 2014 1/

($ in Millions)

2010 2011 2012 2013 2014

Assets 

Cash $ 99,127.8 $ 117,176.8 $ 133,315.9 $ 116,200.0 $ 115,069.7

Receivables from Other

 Broker-Dealers 1,363,532.2 1,267,609.3 1,248,634.3 1,326,605.7 1,400,125.9

Receivables from Customers 213,526.7 192,502.9 215,394.9 241,662.3 257,173.9 

Receivables from Non-customers 65,582.0 47,027.9 89,242.5 98,637.6 105,759.2 

Long Positions in Securities

and Commodities 1,155,017.8 1,074,566.4 1,162,455.0 1,041,076.9 974,828.6 

Securities and Investments

not Readily Marketable 34,342.0 19,688.3 22,039.8 26,240.3 32,613.2

Securities Purchased Under 

Agreements to Resell

(Part II only) 2/ 1,429,132.3 1,577,408.0 1,631,034.7 1,316,329.3 1,145,352.5

Exchange Membership 305.6 246.0 238.2 210.6 215.8

Other Assets 2/ 260,745.4 254,065.3 265,373.2 294,719.7 293,462.6

Total Assets $4,621,311.8 $4,550,290.9 $4,767,728.5 $4,461,682.4 $4,324,601.4

 

Liabilities and Equity Capital 

Bank Loans Payable $ 74,978.7 $ 45,046.6 $ 57,936.3 $ 67,882.6 $ 78,838.8

Payables to Other Broker-dealers 633,730.4 621,109.0 678,523.4 660,795.9 677,608.9

Payables to Non-customers 64,142.0 71,027.5 45,106.6 41,208.9 47,601.1

Payables to Customers 630,170.7 681,310.5 731,662.1 791,642.2 835,830.3

Short Positions in Securities 

and Commodities 447,060.4 381,572.2 368,904.7 369,823.3 374,512.4

Securities Sold Under 

Repurchase Agreements 

(Part II only) 2/ 2,007,645.7 2,065,576.3 2,185,299.8 1,761,037.4 1,539,035.2

Other Non-subordinated 

Liabilities 2/ 421,017.1 356,883.3 360,509.2 423,470.9 417,986.4

Subordinated Liabilities 124,831.4 121,861.2 116,783.3 113,787.8 118,102.0

Total Liabilities $4,403,576.4 $4,344,386.5 $4,544,725.4 $4,229,649.0 $4,089,515.0

 

 

Equity Capital $217,735.3 $205,904.4 $223,003.1 $232,033.4 $235,086.3

 

Number of Firms 3/ 4,615 4,481 4,286 4,173 4,115 

 Figures may not add due to rounding. 

1/ Calendar, rather than fiscal, year data is reported in this table.

2/ Resale agreements and repurchase agreements for firms that neither carry nor clear are included in “other assets” and “other”

 non-subordinated liabilities,” respectively, as these items are not reported separately on Part IIA of the FOCUS Report. 

3/ Due to entry and exit of firms during the course of the year, the number of firms reported in Tables 6 and 7 differ.

Source: FOCUS Report
26

Figures may not add due to rounding.

1/ Calendar, rather than fiscal, year data is reported in this table.

Note: Includes information form firms doing a public business that carry customer accounts or clear securities transactions.

2/ The denominator in the ROE calculation is the average total equity of sample firms at the start and end of the period. Entry and exit of

 firms do not have a material impact on the calculated ROE.

Source: FOCUS Report

($ in Millions)

2013 2014

Percent Percent Percent 

Revenues

of Total 

Dollars Revenues Dollars

of Total 

Revenues

Change

2013–2014

Securities Commissions

Gains (Losses) in Trading and

 Investment Accounts

Profits (Losses) from Underwriting

 and Selling Groups

Margin Interest

Revenues from Sale of Investment

$ 29,902.1 14.6

12,650.4 6.2 

27,460.3 13.4

6,979.0 3.4

$ 30,148.8

13,166.3

28,808.0

8,235.9

14.2

6.2 

13.6 

3.9 

0.83

4.1 

4.9 

18.0

 Company Shares

Miscellaneous Fees

Revenues from Research

11,614.5 5.7

39,592.7 19.3

333.8 0.2

12,362.8

46,386.4

207.0

5.8 

21.9 

0.1 

6.4 

17.2 

-38.0 

Commodities Revenues

All Other Revenues

Total Assets

2,689.6 1.3

73,709.9 36.0

$204,932.4 100.0

2,002.3

70,483.8

$211,801.3

0.9 

36.0 

100.0

-25.6 

-1.9 

3.35

Expenses

Registered Representatives’

 Compensation

Other Employee Compensation

 and Benefits

$ 48,412.3 

41,367.5 

23.6

20.2

$ 52,779.8

41,405.4

24.9

19.5 

9.0

0.1

Compensation to Partners and

 Voting Stockholder Officers

Commissions and Clearance Paid

1,541.4 0.8 1,743.8 0.8 13.1 

 to Other Brokers

Communications

Occupancy and Equipment Costs

Data Processing Costs

Interest Expenses

Regulatory Fees and Expenses

Losses in Error Accounts and

10,722.8

6,483.0 

6,672.9 

3,051.2 

15,773.5

1,815.0

5.2

3.2

3.3

1.5

7.7 

0.9 

11,361.0

6,634.9

6,796.5

3,054.2

15,286.6

2,007.9

5.4 

3.1 

3.2 

1.4 

7.2 

0.9 

6.0

7.2 

1.9 

0.1 

-3.1 

10.6 

Bad Debts 276.7 0.1 221.6 0.1 -19.9 

All Other Revenues

Total Assets

47,981.2

$184,097.5

23.4 

89.8

52,769.4

$194,061.3

24.9 

89.8

10.0 

5.4

TABLE 8

UNCONSOLIDATED REVENUES AND EXPENSES 

FOR CARRYING/CLEARING BROKER-DEALERS 1/

Income and Profitability

Pre-tax Income

Pre-tax Profit Margin

Pre-tax Return on Equity

$20,834.9

10.2

10.2

10.2 $17,740.0

8.4

8.5

8.4 -14.9

Number of Firms 2/ 485 475
27

Figures may not add due to rounding.

1/ Calendar, rather than fiscal, year data is reported in this table.

Note: Includes information for firms doing a public business that carry customer accounts or clear securities transactions. 

2/ Due to entry and exit of firms during the course of the year, the number of firms reported in Tables 8 and 9 differ.

Source: FOCUS Report

($ in Millions)

2013 2014

Percent Percent Percent 

Assets

Dollars

of Total 

Assets Dollars

of Total 

Assets

Change

2013–2014

Cash

Receivables from Other Broker-Dealers

 (a) Securities Failed to Deliver

 (b) Securities Borrowed

 (c) Other

Receivables from Customers

Receivables from Non-customers

Long Positions in Securities and Commodities

 (a) Bankers Acceptances, Certificates of 

Deposit and Commercial Paper

 (b) U.S. and Canadian Government Obligations

 (c) State and Municipal Government Obligations

 (d) Corporate Obligations

 (e) Stocks and Warrants

 (f) Options

 (g) Arbitrage

 (h) Other Securities

 (i) Spot Commodities

Securities and Investments Not Readily Marketable

Securities Purchased Under Agreements to Resell

Exchange Membership

Other Assets

Total Assets

$ 109,984.4

1,323,125.2

17,483.0

1,157,424.1

148,218.0

241,662.3

97,208.0

1,013,327.0

28,629.3

615,099.9

18,617.3

111,037.4

168,111.4

22,736.3

9,507.1

39,231.2

357.0

25,893.8

1,316,329.3

205.4

284,641.2

$4,412,376.6

2.5

30.0 

0.4 

26.2 

3.4 

5.5 

2.2 

23.0 

0.6 

13.9 

0.4 

2.5

3.8 

0.5 

0.2 

0.9 

0.0 

0.6 

29.8 

0.0 

6.5 

100.0

$ 108,641.2

1,394,254.9

23,012.9

1,228,221.3

143,020.6

257,173.9

104,382.9

939,347.2

20,807.7

543,599.3

18,309.3

98,348.7

184,952.2

21,575.9

10,269.8

41,128.0

356.2

32,238.5

1,145,352.5

201.7

281,494.0

$4,263,086.8

2.5

32.7 

0.5 

28.8 

3.4 

6.0 

2.4 

22.0 

0.5 

12.8 

0.4 

2.5 

3.8 

0.5 

0.2 

0.9 

0.0 

0.6 

26.9 

0.0 

6.6 

100.0

-1.2

5.4 

31.6 

6.1 

-3.5 

6.4 

7.4 

-7.3 

-27.3 

-11.6 

-1.7 

-11.4 

10.0 

-5.1 

8.0 

4.8 

-0.2 

24.5 

-13.0 

-1.8 

-1.1 

-3.4

Liabilities and Equity Capital

Bank Loans Payable 

Payables to Other Broker-dealers

 (a) Securities Failed to Receive

 (b) Securities Loaned

 (c) Other

Payables to Non-customers

Payables to Customers

Short Positions in Securities and Commodities

Securities Sold Under Repurchase Agreements

Other Non-subordinated Liabilities

Subordinated Liabilities

Total Liabilities

Equity Capital

$ 63,182.2

657,407.2

19,314.0

540,478.2

97,615.0

40,431.4

791,642.2

361,489.7

1,761,037.4

417,677.1

112,386.1

1.4

14.9 

0.4 

12.2 

2.2 

0.9 

17.9 

8.2 

39.9 

9.5 

2.5 

$ 74,386.5

668,672.8

23,443.3

573,250.6

71,978.8

45,170.0

835,830.3

359,149.0

1,539,035.2

411,757.3

116,621.1

1.7

15.7 

0.5 

13.4 

1.7 

1.1 

19.6 

8.4 

36.1 

9.7 

2.7 

17.7

1.7 

21.4 

6.1 

-26.3 

11.7 

5.6 

-0.2 

-12.6 

-1.4 

3.8 

$4,205,253.1 95.3 $4,050,622.2 95.0 -3.7

$207,123.6 4.7 $ 212,464.6 5.0 2.6

Number of Firms 2/ 456 464

TABLE 9

UNCONSOLIDATED BALANCE SHEET FOR CARRYING/

CLEARING BROKER-DEALERS 1/
28

 Market Value of Sales (millions) 

Option Exercises Security

Equity Option and Futures Futures

Year Total Trading Trading Deliveries Trading1

 

1995 $6,321,475 $6,207,746 $50,803 $62,926

1996 $8,266,339 $8,123,748 $67,862 $74,729

1997 $11,692,830 $11,487,872 $104,535 $100,422

1998 $15,164,183 $14,903,153 $140,261 $120,769

1999 $23,218,783 $22,813,331 $260,294 $145,159

2000 $36,275,278 $35,557,087 $485,106 $233,085

2001 $26,138,050 $25,636,203 $277,549 $224,298

2002 $23,028,157 $22,657,944 $161,278 $208,935 307,169

2003 $22,737,469 $22,291,534 $164,085 $281,851 2,501,247

2004 $27,875,851 $27,158,223 $222,962 $494,666 2,175,093

2005 $34,567,580 $33,222,684 $350,365 $994,531 5,493,850

2006 $43,940,594 $41,797,793 $531,302 $1,611,498 7,793,480

2007 $66,135,906 $63,064,287 $860,659 $2,210,959 7,858,431

2008 $82,012,446 $78,653,007 $1,095,766 $2,263,674 3,733,682

2009 $59,849,805 $57,565,681 $709,842 $1,574,282 2,728,266

2010 $64,008,305 $61,146,333 $724,614 $2,137,358 4,774,046

2011 $70,100,192 $66,682,887 $923,389 $2,493,916 3,672,898

2012 $59,370,606 $55,619,547 $937,604 $2,813,454 6,394,016

2013 $62,899,444 $59,514,598 $751,661 $2,633,185 9,545,882

2014 $69,979,265 $66,354,328 $761,922 $2,863,015 10,914,857

 Calendar Year 2014

BATS Exchange, Inc. $5,592,559 $5,439,861 $34,471 $118,227

BATS Y-Exchange, Inc. $1,888,852 $1,888,852

BOX Options Exchange LLC $74,287 $15,612 $58,675

C2 Options Exchange, Inc. $38,777 $8,410 $30,368

Chicago Board Options Exchange, Inc. $726,117 $59,713 $141,075 $525,329

The Chicago Stock Exchange, Inc. $458,693 $458,693

EDGA Exchange, Inc. $1,652,704 $1,652,704

EDGX Exchange, Inc. $4,164,645 $4,164,645

FINRA, Inc. $22,411,715 $22,411,715

International Securities Exchange, LLC $406,834 $84,844 $321,990

ISE Gemini, LLC $106,671 $22,194 $84,478

Miami International 

Securities Exchange, LLC $104,540 $22,637 $81,903

NASDAQ OMX BX $1,687,494 $1,663,402 $5,235 $18,857

NASDAQ OMX PHLX $1,328,130 $408,433 $189,109 $730,588

The Nasdaq Stock Market LLC $12,595,681 $12,232,352 $77,528 $285,801

National Stock Exchange, Inc. $66,295 $66,295

New York Stock Exchange, Inc. $7,278,205 $7,278,205

NYSE Amex LLC $465,066 $79,755 $81,531 $303,779

NYSE Arca, Inc. $8,903,489 $8,549,704 $76,747 $277,038

OneChicago, LLC $16,161 $16,161 10,914,857

Topaz Exchange LLC $12,350 $2,529 $9,821

Data are the value of all sales of equities and options listed on an exchange or subject to last‐sale reporting. Also reported are the value of such 

options that were exercised, the value of single‐stock futures that were delivered, and the number of round turn contracts in single‐stock futures 

traded on an exchange. Specifically excluded are options and futures on indexes.

1 This is the number of round turn contracts, or one purchase and one sale of a contract for future delivery. Security futures began trading in 

 November 2002.

Sources: Form R31 for October 2003 and later months. For September 2003 and earlier months, submissions to the SEC by national securities 

exchanges, the NASD, and the OCC, and various issues of the Nasdaq Factbook.

TABLE 10

TRANSACTION ACTIVITY IN EQUITIES, 

OPTIONS, AND SECURITY FUTURES