Table of Contents

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

Enforcement Action Summary by Primary Classification........................................................................3

Fiscal 2010 Enforcement Cases by Program Area.................................................................................4

Investigations of Possible Violations of the Acts 

 Administered by the Commission......................................................................................................19

Right to Financial Privacy .....................................................................................................................19

SEC Total Investor Contacts by Fiscal Year..........................................................................................20

Ten Most Common Complaints During Fiscal 2010..............................................................................21

Unconsolidated Financial Information for Broker-Dealers ...................................................................22

Unconsolidated Annual Revenues and Expenses for 

 Broker-Dealers Doing a Public Business ..........................................................................................23

Unconsolidated Balance Sheet for Broker-Dealers 

 Doing a Public Business ...................................................................................................................24

Unconsolidated Revenues and Expenses for 

 Carrying/Clearing Broker-Dealers.....................................................................................................25

Unconsolidated Balance Sheet for Carrying/Clearing Broker-Dealers .................................................26

Transaction Activity in Equities, Options and Security Futures.............................................................27

SELECT SEC AND MARKET DATA

FISCAL 2010


• Obtained orders in SEC judicial and administrative proceedings 

requiring securities violators to disgorge illegal profits of approximately

$1.82 billion and to pay penalties of approximately $1.03 billion.

• Sought orders barring 71 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 37 actions, and sought asset freezes in 57 actions.

• Filed 6 actions to enforce investigative subpoenas.

• Halted trading in securities of 254 issuers about which 

there was inadequate public disclosure.

Table 1

ENFORCEMENT MILESTONES 

FISCAL 2010

In SEC-related criminal cases, prosecutors filed indictments,

informations, or contempts in Fiscal 2010 in 139 cases.


SECURITIES AND EXCHANGE COMMISSION

DIVISION OF ENFORCEMENT

by Primary Classification

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Enforcemen

forFiscal Year 

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by Primary Classification

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Table 3

FISCAL 2010 ENFORCEMENT CASES

LISTED Y PROGRAM AR

Name of Case Release No. Date Filed

Broker-Dealer

In the Matter of George Tamura 34-60927 10/01/09

In the Matter of Peter C. Dunne 34-61804 10/13/09

In the Matter of Raymond Rapaglia 34-60816 10/13/09

In the Matter of Theodore W. Urban 34-60837 10/19/09

In the Matter of First New York Securities LLC 34-60842 10/20/09

In the Matter of Banc of America Investment Services, Inc., et al. 34-60870 10/22/09

In the Matter of Eric T. Seiden 34-60924 11/03/09

In the Matter of James E. Otto 34-62180 11/04/09

In the Matter of Rhino Trading, LLC, et al 34-60941 11/04/09

In the Matter of Nicos Achilleas Stephanou 34-60954 11/06/09

In the Matter of Merriman Curhan Ford & Co., et al. 34-60976 11/10/09

In the Matter of Aura Financial Services, Inc. 34-61555 11/16/09

In the Matter of Bruce B. Blatman 34-61096 12/02/09

In the Matter of David Gold 34-61111 12/04/09

SEC v. Brookstreet Securities Corp. LR-21328 12/08/09

In the Matter of Robert J. Bradbury, et al. 34-61132 12/09/09

In the Matter of ICAP Securities USA LLC, et al. 33-9097 12/18/09

SEC v. Harold H. Jaschke LR-21355 12/29/09

In the Matter of Jeffrey C. Young 34-61247 12/29/09

In the Matter of Mortgages Ltd. Securities, LLC 34-61377 01/19/10

In the Matter of David Harrison Baker 34-61503 02/04/10

In the Matter of Granite Financial Group, LLC 34-61502 02/04/10

In the Matter of Daniel Schreiber 34-61504 02/04/10

In the Matter of Donald Cunningham 34-61901 02/19/10

In the Matter of Axiom Capital Management, Inc. 34-61563 02/22/10

In the Matter of David V. Siegel 34-62803 02/22/10

In the Matter of Anthony Santos 34-61585 02/25/10

In the Matter of Warrior Fund LLC 34-61625 03/02/10

In the Matter of First Allied Securities, Inc. 34-61655 03/05/10

In the Matter of Phillip D’Hedouville 34-61661 03/05/10

SEC v. Salvatore Zangari LR-21442 03/09/10

SEC v. JP Morgan Securities, Inc. 34-61734 03/10/10

SEC v. Jose O. Vianna, Jr., et al. LR-21446 03/10/10

In the Matter of Don C. Weir 34-62049 03/15/10

In the Matter of Sandeep Singh 34-61786 03/25/10

In the Matter of Aaron Tsai 34-61778 03/25/10

In the Matter of John Farahi 34-67801 03/30/10

In the Matter of Qais R. Bhavnagari 34-62438 04/05/10

In the Matter of Nicholas Vulpis 34-61867 04/07/10

In the Matter of Jack Maddock 34-61916 04/15/10

SEC v. Goldman, Sachs & Co., et al. LR-21489 04/16/10

In the Matter of Paul George Chironis 33-9119 04/23/10


In the Matter of Ronald S. Bloomfield, et al. 34-62750 04/27/10

In the Matter of David A. Williams 34-62086 05/12/10

In the Matter of Goldman Sachs Execution & Clearing, L.P. 34-62025 05/14/10

In the Matter of Lorenzo Altadonna 34-62116 05/18/10

In the Matter of Angel Romo 34-62137 05/19/10

In the Matter of Jesus Gutierrez 34-62144 05/20/10

In the Matter of Kederio Ainsworth 34-62145 05/20/10

In the Matter of Gene T. Mancinelli 34-62153 05/21/10

In the Matter of Gabriel Paredes 34-62191 05/28/10

In the Matter of Stanton B.J. Defreitas 34-62677 06/04/10

In the Matter of Guillermo Haro 34-62226 06/04/10

In the Matter of Duane C. Johnson 34-62243 06/08/10

In the Matter of Ryan Nestor 34-62279 06/11/10

In the Matter of Barry M. Kornfeld 34-62466 07/07/10

In the Matter of Gary S. Becker, et al. 34-62561 07/23/10

In the Matter of Lambros D. Ballas 34-62931 07/28/10

SEC v. Gregory Todd Froning LR-21610 08/02/10

In the Matter of Aamer Abdullah 34-62635 08/04/10

In the Matter of Stephen J. Brace 34-62679 08/10/10

In the Matter of Richard Jonathan Blech 34-62687 08/11/10

In the Matter of Paul Greenwood 34-62720 08/13/10

In the Matter of Gregory Todd Froning 34-62749 08/20/10

In the Matter of Pinnacle Capital Markets LLC, et al. 34-62811 09/01/10

In the Matter of Frank L. Constantino 34-62920 09/15/10

In the Matter of Timothy M. Gautney, et al. 34-62996 09/27/10

In the Matter of Thomas Michael Rittweger 34-62998 09/28/10

In the Matter of Guillermo D. Clamens 34-63008 09/29/10

In the Matter of Lina Lopez 34-63009 09/29/10

Civil Contempt

SEC v. Brian N. Hollnagel, et al. None 10/29/09

SEC v. William A. DiBella None 11/23/09

SEC v. Gordon A. Driver None 11/30/09

SEC v. Trevor G. Cook None 12/10/09

SEC v. Randall Goulding None 12/11/09

SEC v. Daryn P. Fleming None 12/22/09

SEC v. Wayde M. McKelvy None 12/22/09

SEC v. Thomas F. Quinn None 01/22/10

SEC v. Matria Corporation, et al. None 03/10/10

SEC v. John Earl Brake None 03/26/10

SEC v. Richard P. Smyth None 04/13/10

SEC v. Steven W. Salutric, et al. None 04/21/10

SEC v. Phillip R. Trujillo None 04/21/10

SEC v. Edward Tackaberry None 05/20/10

SEC v. New Day Atlanta, LLC, et al. None 07/07/10

SEC v. International Realty Holdings, Inc., et al. None 07/22/10

SEC v. Alfred Louis Vassallo, Jr. None 09/21/10

SEC v. James A. Jefferty None 09/22/10

Name of Case Release No. Date Filed


Delinquent Filing: Issuer Reporting

In the Matter of Altiva Financial Corp., et al. 34-61058A 10/15/09

In the Matter of Minecore International, Inc. 34-61412 11/04/09

In the Matter of Customer Sports, Inc., et al. 34-61418 11/25/09

In the Matter of Pacific Acquisition Corp., et al. 34-61440 11/30/09

In the Matter of Energy Source, Inc. 34-60920 10/05/09

In the Matter of Value America, Inc., et al. 34-60964 10/14/09

In the Matter of M.G. Products, Inc., et al. 34-61082 10/20/09

In the Matter of Redtop Mountain Corp., et al. 34-60867 10/22/09

In the Matter of Park Meditech, Inc., et al. 34-60987 10/22/09

In the Matter of PKI Solutions, Inc., et al. 34-61018 10/27/09

In the Matter of Valcapx Acquisition Corp., et al. 34-61047 11/04/09

In the Matter of Western Fidelity Funding, Inc., et al. 34-60948 11/06/09

In the Matter of Masterpiece Technology Group, et al. 34-61114 11/09/09

In the Matter of Apponline.Com, Inc., et al. 34-61159 11/17/09

In the Matter of Mosaic Nutraceuticals Corp., et al. 34-61038 11/20/09

In the Matter of Planet Entertainment Corp., et al. 34-61380 11/20/09

In the Matter of Dynamic Sciences International, Inc. 34-61054 11/24/09

In the Matter of Downey Financial Corp. 34-61055 11/24/09

In the Matter of ClearComm LP 34-61056 11/24/09

In the Matter of Home Solutions of America, Inc. 34-61285 11/30/09

In the Matter of American Sports Development Group, Inc., et al. 34-61475 12/17/09

In the Matter of Macheezmo Mouse Restaurants, Inc., et al. 34-61576 01/21/10

In the Matter of Big Sky Energy Corp., et al. 34-61391 01/21/10

In the Matter of East Delta Resources Corp. 34-61526 01/26/10

In the Matter of PCC Group, Inc., et al. 34-61569 01/26/10

In the Matter of Ariel Corp., et al. 34-61436 01/28/10

In the Matter of L. Luria & Son, Inc., et al. 34-61608 01/29/10

In the Matter of Management Graphics, Inc., et al. 34-61687 02/01/10

In the Matter of Tostel Corp. 34-61678 02/03/10

In the Matter of Platinum & Gold, Inc. 34-62165 02/18/10

In the Matter of U.S. Biomedical Corp., et al. 34-62327 02/26/10

In the Matter of Biokey ID, Inc., et al. 34-61750 03/02/10

In the Matter of Verint Systems Inc. 34-62583 03/03/10

In the Matter of Planet Earth Recycling, Inc., et al. 34-61951 03/03/10

In the Matter of Amalgamated Explorations, Inc. 34-61870 03/03/10

In the Matter of Corridor Communications Corp., et al. 34-61957 03/03/10

In the Matter of Martech USA, Inc., et al. 34-61886 03/15/10

In the Matter of Lasersight, Inc., et al. 34-61985 03/15/10

In the Matter of Talisman Enterprises, Inc., et al. 34-61909 03/18/10

In the Matter of Tangent Solutions, Inc., et al. 34-61980 03/18/10

In the Matter of Aspen Group Resources Corp., et al. 34-61900 03/19/10

In the Matter of Comverse Technology, Inc. 34-61763 03/23/10

In the Matter of Ultimate Security Systems Corp., et al. 34-62022 03/23/10

In the Matter of P&P Research Co., Ltd. 34-62298 03/24/10

In the Matter of BFA Liquidation Trust, et al. 34-62154 03/24/10

In the Matter of Genessisintermedia, Inc. 34-61837 04/05/10

In the Matter of AB Liquidating Corp., et al. 34-62008 04/05/10

In the Matter of Advanced Mineral Technologies, Inc. 34-61880 04/09/10

Name of Case Release No. Date Filed


In the Matter of Apogee Technology, Inc. 34-62721 04/16/10

In the Matter of V-GPO, Inc., et al. 34-62246 04/20/10

In the Matter of LEP Group PLC, et al. 34-62221 04/23/10

In the Matter of Alyn Corp., et al. 34-62696 05/06/10

In the Matter of American Healthchoice, Inc., et al. 34-62203 05/06/10

In the Matter of Universal Property Development & Acquisition Corp. 34-62245 05/10/10

In the Matter of BCI Telecom Holding, Inc., et al. 34-62747 05/11/10

In the Matter of Ultrafem, Inc., et al. 34-62232 05/13/10

In the Matter of Brokat Technologies Aktiengesellschaft 34-62107 05/13/10

In the Matter of BVR Technologies, Ltd., et al. 34-62439 05/13/10

In the Matter of China Technology Global Corp. 34-62305 05/14/10

In the Matter of Broadengate Systems, Inc. 34-62426 05/14/10

In the Matter of Valesc Holdings, Inc., et al. 34-62163 05/25/10

In the Matter of United Vanguard Homes, Inc., et al. 34-62220 05/26/10

In the Matter of Tal Wireless Networks, Inc., et al. 34-62020 05/26/10

In the Matter of ULH Corp., et al. 34-62185 05/27/10

In the Matter of Life Resources, Inc., et al. 34-62576 06/01/10

In the Matter of Sintec Co., Ltd. 34-62958 06/01/10

In the Matter of Vikonics, Inc., et al. 34-62662 06/01/10

In the Matter of Miracor Diagnostics, Inc., et al. 34-62458 06/04/10

In the Matter of Alpha Resources, Inc., et al. 34-62345 06/04/10

In the Matter of Micro Laboratories, Inc. 34-62492 06/11/10

In the Matter of Diatect International Corporation 34-62672 06/11/10

In the Matter of American Energy Services, Inc., et al. 34-62652 06/15/10

In the Matter of Advanced Materials Group, Inc. 34-62306 06/17/10

In the Matter of Aphton Corp., et al. 34-62546 06/17/10

In the Matter of Applied Nanoscience, Inc., et al. 34-62781 06/17/10

In the Matter of Channel America Television Network, Inc., et al. 34-62872 06/23/10

In the Matter of SSE Telecom, Inc., et al. 34-62532 06/23/10

In the Matter of Aris Industries, Inc., et al. 34-62558 06/28/10

In the Matter of FineLine Holdings, Inc. 34-62757 07/13/10

In the Matter of The Colonial BancGroup, Inc. 34-62497 07/14/10

In the Matter of E-Sync Networks, Inc., et al. 34-62756 07/14/10

In the Matter of Avalon Capital Holdings, Inc. 34-62537 07/21/10

In the Matter of Diamond Equities, Inc. 34-62536 07/21/10

In the Matter of Image Innovations Holdings, Inc. 34-62535 07/21/10

In the Matter of Universal Ceramics, Inc., et al. 34-62741 07/26/10

In the Matter of T&W Financial Corp., et al. 34-62790 07/29/10

In the Matter of Appiant Technologies, Inc., et al. 34-62926 08/10/10

In the Matter of Panworld Minerals International, Inc. 34-62913 08/12/10

In the Matter of Four Crystal Funding Inc. 34-62957 08/16/10

In the Matter of Geotec, Inc., et al. 34-62994 08/27/10

In the Matter of Atchison Casting Corp., et al. 34-62978 08/27/10

In the Matter of UB&T Financial Services Corp., et al. 34-62871 08/30/10

In the Matter of American Bullion Minerals, Ltd., et al. 34-62807 08/31/10

In the Matter of Villa Pasta, Inc., et al. 34-62812 09/01/10

In the Matter of Microwave Laboratories, Inc., et al. 34-62985 09/07/10

In the Matter of America First Associates Corp., et al. 34-62852 09/07/10

In the Matter of Team America, Inc., et al. 34-62860 09/07/10

In the Matter of The Tag Group, Inc., et al. 34-62986 09/07/10

Name of Case Release No. Date Filed


In the Matter of Electric Mail Co., Inc., et al. 34-62904 09/14/10

In the Matter of Anything2ship, Inc., et al. 34-62903 09/14/10

In the Matter of Speed of Thought Trading Corp., et al. 34-62905 09/14/10

In the Matter of United Education & Software, Inc., et al. 34-62944 09/20/10

In the Matter of Millennia Automated Products, Inc., et al. 34-62943 09/20/10

In the Matter of e-DOCS.MD, Inc., et al. 34-62962 09/21/10

In the Matter of American Aircarriers Support, Inc., et al. 34-63012 09/29/10

In the Matter of Amereco, Inc., et al. 34-63011 09/29/10

Insider Trading

SEC v. Feng “Frank” Xie LR-21240 10/07/09

In the Matter of Samuel W. Childs, Jr. 34-60802 10/08/09

In the Matter of Erik R. Franklin 34-60803 10/08/09

In the Matter of David M. Tavdy 34-60804 10/08/09

SEC v. Benjamin P. Jones, et al. LR-21249 10/15/09

SEC v. Alissa Joelle Kueng LR-21249 10/15/09

SEC v. Galleon Management, LP, et al. LR-21526 10/16/09

SEC v. Don N. Spaugy LR-21260 10/23/09

SEC v. Stanko J. Grmovsek LR-21263 10/27/09

In the Matter of Anthony Perez 34-60892 10/28/09

SEC v. J. Bennett Grocock LR-21267 10/29/09

SEC v. King Chuen Tang, et al. LR-21271 10/30/09

SEC v. Arthur J. Cutillo, et al. LR-21283 11/05/09

In the Matter of William T. Dailey, III 34-60998 11/13/09

SEC v. R. Brooke Dunn, et al. LR-21308 11/19/09

SEC v. Brien P. Santarlas LR-21332 12/10/09

SEC v. Vinayak S. Gowrish, et al. LR-21339 12/16/09

SEC v. Nicolas Patrick Benoit Condroyer, et al. LR-21347 12/22/09

In the Matter of Ken Okada 34-61288 01/05/10

SEC v. Brooke D. Wagner LR-21370 01/11/10

In the Matter of Adnan S. Zaman 34-61362 01/14/10

SEC v. Charles J. Marquardt LR-21383 01/20/10

SEC v. Avi Fogel LR-21392 01/22/10

SEC v. Bruce A. MacDonald, et al. LR-21404 02/01/10

SEC v. David R. Slaine LR-21403 02/02/10

SEC v. Joshua Z. Levinberg LR-21405 02/03/10

In the Matter of J. Bennett Grocock, Esq. 34-61511 02/08/10

SEC v. Gerald D. Horn LR-21414 02/11/10

SEC v. Steven Scoppetuolo, et al. LR-21415 02/16/10

SEC v. John A. Foley, et al. LR-21425 02/25/10

In the Matter of Tara R. Eisler 34-61586 02/25/10

In the Matter of Steven E. Nothern IA-2997 03/11/10

SEC v. Igor Poteroba, et al. LR-21460 03/24/10

SEC v. Gary Navarro LR-21469 03/30/10

SEC v. Morando Berrettini, et al. LR-21472 03/31/10

In the Matter of David W. Baldt 33-9124 05/11/10

SEC v. Yonni Sebbag, et al. LR-21536 05/26/10

SEC v. Pequot Capital Management, Inc., et al. LR-21540 05/27/10

In the Matter of David E. Zilkha 34-62186 05/27/10

Name of Case Release No. Date Filed


In the Matter of Pequot Capital Management, Inc., et al. IA-3035 06/08/10

In the Matter of Melissa A. Mahler 34-62267 06/10/10

In the Matter of Brien Santarlas, Esq. 34-62460 07/07/10

SEC v. Thomas P. Flanagan, et al. AAER-3164 08/04/10

SEC v. Juan Jose Fernandez Garcia, et al. LR-21631 08/20/10

In the Matter of James E. Gansman 34-62769 08/26/10

In the Matter of Donna B. Murdoch 34-62770 08/26/10

SEC v. James W. Self, Jr., et al. LR-21638 09/01/10

SEC v. Dr. Bobby V. Khan LR-21644 09/09/10

In the Matter of David R. Slaine IA-3084 09/16/10

SEC v. Michael Jobe, et al. LR-21665 09/24/10

SEC v. Richard A. Hansen, et al. LR-21667 09/24/10

In the Matter of Igor Poteroba 34-62999 09/28/10

SEC v. Rex C. Steffes, et al. LR-21678 09/30/10

Investment Adviser

In the Matter of Frank Dipascali, Jr. 34-60787 10/05/09

SEC v. David F. Merrick, et al. LR-21525 10/14/09

SEC v. Ethan Kass LR-21250 10/15/09

In the Matter of Tobias Bros. Inc. IA-2936 10/16/09

In the Matter of Michael C. Regan IA-2935 10/16/09

In the Matter of Philip G. Barry IA-2937 10/16/09

In the Matter of Perceptive Advisors LLC 34-60843 10/20/09

In the Matter of Value Line, Inc., et al. 33-9081 11/04/09

In the Matter of S4 Capital, LLC, et al. 33-9111 11/12/09

SEC v. Homestead Properties, LP, et al. LR-21353 11/12/09

SEC v. Jerome O’Hara, et al. LR-21292 11/13/09

In the Matter of David L. McMillan 34-61029 11/19/09

In the Matter of David L. Hersh IA-2953 11/20/09

In the Matter of Thomas Lester Irby II, et al. IA-3008 11/24/09

In the Matter of Simpson Capital Management, Inc., et al. 34-61123 12/07/09

In the Matter of Moises Pacheco IA-2960 12/11/09

In the Matter of Stephen Jay Mermelstein IA-2961 12/14/09

In the Matter of Ark Asset Management Co., Inc. IA-3091 12/14/09

In the Matter of Equity Services, Inc. 34-61181 12/16/09

In the Matter of Stephen A. Englese 34-61180 12/16/09

In the Matter of Bahram A. Jafari, et al. 33-9101 12/28/09

SEC v. Steve W. Salutric LR-21366 01/08/10

SEC v. Neil V. Moody, et al. LR-21506 01/11/10

In the Matter of Julie M. Jarvis, et al. IA-2975 01/11/10

In the Matter of AGB Partners LLC, et al. 34-61422 01/26/10

In the Matter of Ethan Kass 34-61444 01/29/10

In the Matter of Mark Evan Bloom, CPA AAER-3112 01/29/10

In the Matter of Albert Fase Kaleta IA-2983 02/02/10

In the Matter of Mark J. Harrington IA-2986 02/22/10

SEC v. Daniel Bonventre AAER-3115 02/25/10

In the Matter of Sharanjit K. Khanna 34-61604 03/01/10

SEC v. Envision Direct LLC, et al. LR-021427 03/01/10

In the Matter of Grant Ivan Grieve IA-3061 03/02/10

Name of Case Release No. Date Filed
0

In the Matter of Reza Saleh IA-2993 03/03/10

In the Matter of Barron A. Mathis IA-2998 03/11/10

SEC v. Stephen X, Kim, et al. LR-21450 03/11/10

In the Matter of Dan Wise, et al. IA-2996 03/11/10

In the Matter of Simone O. Fevola IA-2999 03/12/10

In the Matter of GPS Partners, LLC, et al. 34-61718 03/16/10

In the Matter of Charles J. Marquardt 34-61723 03/17/10

In the Matter of William L. Gunlicks IA-3004 03/17/10

In the Matter of Paul H. Heckler, et al. IA-3005 03/17/10

In the Matter of William H. Lofthus 34-61965 03/19/10

In the Matter of Mark K. Teruya IA-3007 03/23/10

SEC v. Enrique F. Villalba, Jr. LR-21464 03/29/10

SEC v. Stephen C. Bond LR-21471 03/31/10

SEC v. Kevin H. Blood LR-21473 04/01/10

In the Matter of Morgan Asset Management, Inc., et al. AAER-3125 04/07/10

SEC v. Innovative Advisory Services, Inc., et al. LR-21486 04/07/10

In the Matter of Brian Travis IA-3010 04/07/10

SEC v. Renee Marie Brown, et al. LR-21483 04/08/10

In the Matter of Arthur Nadel IA-3039 04/08/10

In the Matter of Kevin H. Blood IA-3013 04/12/10

In the Matter of Haberman Management Corp., et al. 34-61896 04/13/10

In the Matter of Stephen X, Kim, et al. IA-3017 04/16/10

SEC v. Gryphon Holdings, Inc., et al. LR=21494 04/20/10

SEC v. McGinn, Smith & Co., Inc., et al. 2010-62 04/20/10

SEC v. Jeffrey R. Neufeld, et al. LR-21497 04/21/10

SEC v. Onyx Capital Advisors, LLC, et al. LR-21500 04/22/10

SEC v. Susan G. Slovak LR-21502 04/23/10

In the Matter of Beth R. Chapman 34-61970 04/23/10

In the Matter of Neil V. Moody IA-3020 05/05/10

In the Matter of Christopher D. Moody IA-3021 05/05/10

In the Matter of Susan G. Slovak 34-62068 05/10/10

In the Matter of Diego M. Rolando IA-3025 05/12/10

In the Matter of Ali T. Far, et al. IA-3027 05/12/10

In the Matter of Sherwin Brown, et al. IA-3028 05/21/10

In the Matter of Lydia Capital, LLC IA-3031 05/26/10

SEC v. Kenneth Ira Starr, et al. LR-21541 05/27/10

SEC v. Aaron Donald Vallett, et al. LR-21557 06/02/10

In the Matter of Stephen F. Clifford 34-62208 06/02/10

SEC v. Daniel Spitzer, et al. LR-21579 06/17/10

SEC v. ICP Asset Management, LLC, et al. LR-021563 06/21/10

SEC v. Trade-LLC, et al. LR-21564 06/22/10

In the Matter of Julian T. Tzolov 34-62351 06/22/10

SEC v. Aamer Abdullah LR-21576 06/25/10

SEC v. Life Wealth Management, Inc., et al. LR-21582 06/28/10

In the Matter of David D. Hepworth 34-62390 06/28/10

In the Matter of Aaron Donald Vallett 34-62918 07/02/10

In the Matter of Gary R. Headding 34-62446 07/02/10

In the Matter of Stephen Michael Alexander IA-3044 07/02/10

In the Matter of Philip W. Milton 34-62467 07/07/10

In the Matter of Ephraim Fields AAER-3151 07/08/10

Name of Case Release No. Date Filed
In the Matter of James R. Halstead IA-3054 07/21/10

In the Matter of Andrew D. Petrofsky, CPA AAER-3155 07/22/10

In the Matter of Eric R. Majors IA-3056 07/22/10

In the Matter of Spencer International Advisors, Inc., et al. IA-3059 07/27/10

In the Matter of Eric S. Butler 34-62603 07/30/10

In the Matter of Steven W. Salutric IA-3082 08/05/10

In the Matter of Ezra C. Levy IA-3069 08/18/10

In the Matter of William H. Center 34-62753 08/20/10

In the Matter of Thompson Consulting, Inc. IA-3073 08/25/10

In the Matter of E. Sherman Warner IA-3074 08/25/10

In the Matter of Kyle J. Thompson IA-3075 08/25/10

In the Matter of David C. Condie IA-3076 08/25/10

SEC v. Sandra Venetis, et al. LR-21641 09/02/10

In the Matter of Neal R. Greenberg 33-9139 09/07/10

In the Matter of Gregory Vincent Cronin IA-3080 09/08/10

SEC v. Robert L. Duncan LR-21668 09/23/10

In the Matter of Sierra Financial Advisors, LLC et al. 33-9145 09/23/10

SEC v. Sage Advisory Group, LLC, et al. LR-21672 09/29/10

In the Matter of Sandra Venetis 34-63014 09/29/10

Systematic Financial Associates, Inc. IA-3093 09/29/10

In the Matter of Valentine Capital Asset Management, Inc., et al. 34-63006 09/29/10

In the Matter of Spence-Lingo & Company, Ltd 34-63020 09/30/10

In the Matter of FreedomTree Mutual Funds and Asset Management, LLC, et al. 34-63019 09/30/10

In the Matter of John P. Flannery, et al. 33-9147 09/30/10

Investment Company

SEC v. Charles R. Kokesh LR-21264 10/27/09

SEC v. Quadrangle Group LLC, et al. LR-21487 04/15/10

SEC v. GTF Enterprises, Inc., et al. LR-21537 05/26/10

In the Matter of Sam P. Douglass, et al. 34-62261 06/10/10

In the Matter of Daxor Corporation IC-29417 09/17/10

Issuer Reporting and Disclosure

In the Matter of Michael J. Moore, CPA, et al. AAER-3056 10/06/09

In the Matter of Peter Y. Atkinson, Esq. AAER-3057 10/09/09

In the Matter of ECO2 Plastics, Inc. AAER-3059 10/20/09

In the Matter of Tab Keplinger, CPA AAER-3061 10/28/09

SEC v. China Holdings, Inc., et al. AAER-3063 10/30/09

SEC v. Merge Healthcare Incorporated, et al. AAER-3067 11/04/09

SEC v. SafeNet, Inc., et al. AAER-3068 11/12/09

SEC v. Bancinsurance Corp., et al. AAER-3069 11/16/09

SEC v. Diane Bjorkstrom AAER-3070 11/17/09

SEC v. Benjamin Silva, III AAER-3070 11/17/09

SEC v. Solutions of America, Inc., et al. AAER-3071 11/30/09

In the Matter of Robert Bernstein AAER-3072 12/04/09

SEC v. Black Box Corporation, et al. AAER-3073 12/04/09

SEC v. Brad A. Morrice, et al. AAER-3079 12/07/09

In the Matter of Kenneth Mueller, CPA AAER-3075 12/10/09

In the Matter of Clinton Ronald Greenman, CPA AAER-3076 12/10/09

Name of Case Release No. Date Filed
In the Matter of John Wilroy, CPA AAER-3077 12/10/09

In the Matter of Gregory Pasko, CPA AAER-3078 12/10/09

In the Matter of Applied Wellness Corporation AAER-3103A 12/10/09

SEC v. Bobby Benton LR-21335 12/11/09

SEC v. John W. Dwyer AAER-3088 12/17/09

SEC v. Theodore P. Noncek AAER-3088 12/17/09

In the Matter of Ernst & Young LLP AAER-3087 12/17/09

In the Matter of William J. Carpenter, CPA AAER-3081 12/17/09

In the Matter of Randy G. Fletchall, CPA AAER-3082 12/17/09

In the Matter of Kenneth W. Peterson, CPA AAER-3083 12/17/09

In the Matter of Mark V. Sever, CPA AAER-3084 12/17/09

In the Matter of John M. Kiss, CPA AAER-3085 12/17/09

In the Matter of Thomas D. Vogelsinger, CPA AAER-3086 12/17/09

SEC v. William Jacobson LR-21345 12/22/09

In the Matter of Applied Minerals, Inc. 33-9100 12/22/09

SEC v. Richard E. McDonald, et al. AAER-3089 12/23/09

In the Matter of Anna M. Baird, CPA AAER-3090 12/28/09

In the Matter of Stephen C. Gingrich, CPA AAER-3092 12/30/09

SEC v. UTStarcom, Inc. AAER-3093 12/31/09

In the Matter of Scott T. Veech, CPA AAER-3096 01/06/10

In the Matter of Osvaldo Pitters AAER-3095 01/06/10

In the Matter of Charles A. Gray, CPA AAER-3097 01/07/10

In the Matter of David C. Mayfield, CPA AAER-3099 01/07/10

In the Matter of John W. Jacobsen, CPA AAER-3098 01/07/10

SEC v. NATCO Group, Inc. AAER-3102 01/11/10

In the Matter of Natco Group Inc. AAER-3101 01/11/10

In the Matter of Diane Bjorkstrom, CPA AAER-3104 01/19/10

In the Matter of Theodore P. Noncek, CPA AAER-3105 01/20/10

In the Matter of John W. Dwyer, CPA AAER-3106 01/20/10

SEC v. General Re Corporation AAER-3108 01/20/10

In the Matter of Deanna J. Seruga, CPA AAER-3107 01/20/10

In the Matter of Joseph I. Emas 34-61386 01/20/10

SEC v. Assurant, Inc. AAER-3109 01/21/10

In the Matter of Michael J. Byrd, CPA AAER-3113 02/12/10

In the Matter of Gerard A.M. Oprins, CPA, et al. AAER-3116A 03/01/10

SEC v. American Equity Investment Life Holding Company, et al. LR-21431 03/03/10

SEC v. Rodney E. Wallace, et al. LR-21434 03/03/10

SEC v. Verint Systems Inc. AAER-3117 03/03/10

In the Matter of North American Technologies Group, Inc. 34-61652 03/05/10

SEC v. Presstek, Inc., et al. LR-21443 03/09/10

SEC v. Vinod Gupta LR-21451 03/15/10

SEC v. Vasant H. Raval LR-21451 03/15/10

SEC v. Rajnish K. Das, et al. LR-21451 03/15/10

SEC v. Innospec, Inc. LR-21454 03/18/10

SEC v. DaimlerChysler AG 2010-51 03/22/10

In the Matter of Joseph P. Collins, Esq. 34-61761 03/23/10

In the Matter of Brian K. Rabinovitz, CPA AAER-3122 03/24/10

SEC v. Richard V. Priddy, et al. LR-21462 03/25/10

In the Matter of David R. Cosgrove, CMA AAER-3129 04/23/10

In the Matter of Marlin R. Brinsky, CPA AAER-3130 04/28/10

Name of Case Release No. Date Filed
SEC v. Bobby J. Elkin, Jr., et al. LR-21509 04/28/10

In the Matter of Bart A. Thielbar 34-62007 04/29/10

SEC v. Diebold, Inc. AAER-3137 06/02/10

SEC v. Walden O’Dell AAER-3137 06/02/10

SEC v. Gregory Geswein, et al. AAER-3137 06/02/10

In the Matter of China Yuchai International Limited AAER-3139 06/07/10

In the Matter of Anthony Bonica AAER-3140 06/08/10

In the Matter of Jay Lapine, Esq. 34-62238 06/08/10

SEC v. William G. Mortensen, et al. AAER-3141 06/09/10

In the Matter of L. Rex Andersen, CPA AAER-3153 06/10/10

In the Matter of Harry O. Nicodemus IV, CPA AAER-3143 06/10/10

SEC v. Lee B. Farkas 2010-102 06/16/10

In the Matter of Stephen Hozie AAER-3148 06/19/10

In the Matter of Phillip Windom Offill, Jr., Esq. 34-62367 06/23/10

In the Matter of Fei-Fei Catherine Fang, CPA AAER-3146 06/24/10

SEC v. Technip AAER-3147 06/28/10

SEC v. Veraz Networks, Inc. LR-21581 06/29/10

In the Matter of Ilse Cappel, CPA AAER-3150 07/07/10

SEC v. ENI, S.p.a., et al. AAER-3149 07/07/10

SEC v. Trident Microsystems, Inc., et al. AAER-3154 07/16/10

SEC v. Dell Inc., et al. AAER-3156 07/22/10

SEC v. Sunrise Senior Living, Inc., et al. AAER-3157 07/23/10

In the Matter of Kenneth J. Abod, CPA AAER-3158 07/23/10

SEC v. General Electric Company, et al. AAER-3159 07/27/10

SEC v. Samuel E. Wyly, et al. LR-21607 07/29/10

In the Matter of Larry E. Hulse, CPA AAER-3160 07/29/10

SEC v. Citigroup, Inc. LR-21605 07/29/10

In the Matter of Gary L. Crittenden, et al. 34-62593 07/29/10

SEC v. James W. McIntosh, et al. AAER-3168 08/04/10

SEC v. Mark T. Schwetschenau AAER-3168 08/04/10

SEC v. Joe Summers AAER-3169 08/05/10

SEC v. David P. Turner, et al. AAER-3167 08/05/10

In the Matter of Navistar International Corp., et al. AAER-3165 08/05/10

In the Matter of Mark T. Schwetschenau AAER-3166 08/05/10

SEC v. Universal Corp., Inc. AAER-3170 08/06/10

SEC v. Alliance One International, Inc. AAER-3170 08/06/10

SEC v. International Commercial Television, Inc. LR-21622 08/09/10

SEC v. Karlheinz Redekopp LR-21622 08/09/10

In the Matter of Dohn + Company CPAs, et al. AAER-3171 08/09/10

SEC v. Kevin J. Schott LR-21625 08/13/10

In the Matter of Matthew W. Hardey AAER-3173 08/20/10

In the Matter of L. Cyrus DeBlanc AAER-3172 08/20/10

In the Matter of Stephen Burke, CPA AAER-3175 08/24/10

In the Matter of Stephen D. Chanslor, CPA AAER-3176 08/26/10

SEC v. Robert W. Davis AAER-3177 08/27/10

SEC v. Randall D. Imhoff AAER-3177 08/27/10

SEC v. Sujata Sachdeva, et al. AAER-3180 09/01/10

In the Matter of Kevin J. Schott, CPA AAER-3181 09/08/10

SEC v. Affiliated Computer Services, Inc. AAER-3182 09/09/10

In the Matter of Patti M. Dodge, CPA AAER-3184 09/10/10

Name of Case Release No. Date Filed
In the Matter of David N. Kenneally, CPA AAER-3183 09/10/10

In the Matter of Brad A. Morrice, Esq. 34-62890 09/10/10

In the Matter of KMJ Corbin & Company, LLP, et al. AAER-3185 09/13/10

In the Matter of Prospero group 34-62895 09/13/10

In the Matter of David A. Swoish 34-62939 09/20/10

In the Matter of Sunopta, Inc., et al. AAER-3198 09/24/10

SEC v. Paul R. Beckwith, et al. LR-21669 09/24/10

SEC v. ABB Ltd. AAER-3191 09/29/10

In the Matter of Stephen Durland, CPA AAER-3190 09/29/10

In the Matter of infoUSA Inc., k/n/a infoGroup, Inc. 34-61708 03/15/15

Market Manipulation

SEC v. Lambros D. Ballas LR-21259 10/22/09

In the Matter of William J. Reilly, Esq. 34-60890 10/27/09

SEC v. Ezra C. Levy LR-21289 11/10/09

SEC v. Big Apple Consulting USA, Inc., et al. LR-21305 11/18/09

SEC v. Nova Gen Corporation, et al. LR-21322 12/04/09

SEC v. Robert Feeback, et al. LR-21387 01/20/10

SEC v. East Delta Resources Corp., et al. LR-21395 01/26/10

In the Matter of Palmyra Capital Advisors LLC 34-61421 01/26/10

SEC v. Stephen Czarnik LR-21401 02/01/10

SEC v. Greenstone Holdings, Inc., et al. LR-21416 02/18/10

SEC v. Chaya Unger LR-21439 03/05/10

SEC v. BroCo Investments, et al. LR-21571 03/15/10

In the Matter of Richard J. Evangelista 34-61832 04/02/10

SEC v. Seven Palm Investments, LLC, et al. LR-21513 05/04/10

SEC v. Spongetech Delivery Sustems, Inc., et al. AAER-3131 05/05/10

In the Matter of Peter G. Grabler 34-62073 05/11/10

In the Matter of Leonard J. Adams 34-62072 05/11/10

SEC v. Peter G. Grabler LR-21522 05/11/10

SEC v. Leonard J. Adams LR-21521 05/11/10

In the Matter of Jeffrey A. Richardson 34-62113 05/17/10

SEC v. Blake G. Williams, et al. LR-21539 05/27/10

SEC v. Elizabeth A. Dragon LR-21545 06/02/10

SEC v. Carol McKeown, et al. LR-21580 06/29/10

In the Matter of Appaloosa Management LP 34-62447 07/02/10

SEC v. InvestSource, Inc., et al. LR-21591 07/09/10

SEC v. PCS Edventures!.com, Inc., et al. LR-21635 08/26/10

In the Matter of Craig Kellerman 34-62840 09/03/10

In the Matter of Kenneth Bruce Baker 34-62868 09/08/10

SEC v. BIH Corporation, et al. LR-21656 09/20/10

In the Matter of Carlson Capital, L.P. 34-62982 09/23/10

SEC v. Richard Dean Carter LR-21671 09/24/10

SEC v. Mark Johnson, et al. LR-21663 09/24/10

SEC v. Quri Resources, Inc., et al. LR-21675 09/30/10

SEC v. Atlantis Technology Group, et al. LR-21674 09/30/10

Miscellaneous

SEC v. Gina P., Solow LR-21382 11/23/09

Name of Case Release No. Date Filed
SEC v. William A. DiBella, et al. None 12/23/09

SEC v. Moody’s Investors Service, Inc. 34-62802 08/31/10

In the Matter of Lace Financial Corp., et al. 34-62834 09/02/10

In the Matter of Damyon Mouzon 34-62835 09/02/10

SEC v. Thomas J. Dudchik LR-21645 09/03/10

SEC v. Samuel B. Vitale, et al. LR-21411 01/09/10

SEC v. Bank of America Corporation LR-21407 02/04/10

In the Matter of Michael Degennaro AAER-3124 04/02/10

In the Matter of David W. Wehrs IA-3034 06/03/10

SEC v. Gordon Brent Pierce None 06/08/10

Municipal Offering

SEC v. Charles E. LeCroy, et al. LR-21280 11/04/09

In the Matter of J.P. Morgan Securities Inc. 33-9078 11/04/09

In the Matter of John F. Kendrick 34-62500 03/24/10

In the Matter of Southwest Securities, Inc. 34-61768 03/24/10

In the Matter of William B. Blount 34-62549 07/22/10

In the Matter of State of New Jersey 33-9135 08/18/10

Securities Offering

SEC v. Randy M. Cho LR-21275 10/07/09

In the Matter of Tony E. Morrison 34-60805 10/08/09

SEC v. HomePals, LLC, et al. LR-21354 10/16/09

In the Matter of William A. Huber IA-2940 10/20/09

In the Matter of Peter Moulinos, Esq. 34-60844 10/20/09

SEC v. Charles C. Slowey, et al. LR-21258 10/22/09

In the Matter of Mohit A. Khanna 34-60891 10/27/09

SEC v. Amante Corp., et al. LR-21266 10/28/09

In the Matter of Jonathan W. Mikula 34-60904 10/29/09

SEC v. Thomas B. Evans LR-21288 11/06/09

SEC v. Albert Fase Kaleta, et al. LR-21293 11/13/09

SEC v. Mantria Corporation, et al. LR-21301 11/16/09

In the Matter of Damir Lukovic 34-61621 11/16/09

In the Matter of William H. Eichengreen IA-2952 11/19/09

SEC v. Shidaal Express, Inc., et al. LR-21320 11/19/09

SEC v. Capital Mountain Holding Corp., et al. LR-21311 11/20/09

SEC v. Trevor G. Cook, et al. LR-21313 11/23/09

SEC v. Canopy Financial, Inc., et al. LR-21336 11/30/09

SEC v. Striker Petroleum, LLC, et al. LR-21325 12/03/09

SEC v. Rockford Funding Group, et al. LR-21329 12/08/09

SEC v. Investools Inc., et al. LR-21331 12/10/09

SEC v. Dean P. Gross, et al. LR-21338 12/14/09

SEC v. Eagle Development Enterprises, Inc., et al. LR-21337 12/14/09

In the Matter of Mark A. Lefkowitz 34-61166 12/15/09

SEC v. Triton Financial, LLC, et al. LR-21346 12/22/09

SEC v. Rockwell Energy of Texas, LLC, et al. LR-21348 12/23/09

In the Matter of Christian Kuretski 34-61299 01/06/10

SEC v. Richard Elkinson LR-21553 01/07/10

Name of Case Release No. Date Filed
SEC v. Thomas A. Labry, et al. LR-21365 01/07/10

SEC v. NewPoint Financial Services, Inc., et al. LR-21369 01/11/10

In the Matter of Edward J. Driving Hawk, Sr. 34-61353 01/14/10

In the Matter of Thomas T. Emerton, III 34-61527 01/14/10

In the Matter of Leo R. Driving Hawk, Sr. 34-61964 01/14/10

In the Matter of Edmund J. Smedley 34-61354 01/14/10

In the Matter of John M. Adams 34-61839 01/14/10

In the Matter of William J. Herisko 34-61945 01/14/10

In the Matter of Gerald P. Alexander 34-61795 01/20/10

SEC v. Bernard Daniel Braver LR-21386 01/21/10

In the Matter of Donna M. McKelvy 34-61654 01/22/10

In the Matter of Registration Statement of Tsukuda-America Inc. 33-9102 01/26/10

SEC v. Tsukuda-America Inc., et al. AAER-3111A 01/28/10

SEC v. Winning Kids, Inc., et al. LR-21400 01/29/10

In the Matter of Ronnie Eugene Bass, Jr. IA-2994 02/01/10

SEC v. David W. Wehrs, et al. LR-21399 02/01/10

In the Matter of Donald L. Marr 34-61472 02/02/10

SEC v. State Street Bank and Trust Company LR-21408 02/04/10

In the Matter of State Street Bank and Trust Company 33-9107 02/04/10

SEC v. Pacific Asian Atlantic Foundation, et al. LR-21417 02/19/10

SEC v. Lawrence “Lee” Loomis, et al. LR-21422 02/23/10

In the Matter of Bernard Daniel Braver 34-61599 02/26/10

In the Matter of Christine M. Zamorsky, et al. 34-62070 02/26/10

SEC v. Kathleen S. Dobens, et al. LR-21437 03/01/10

In the Matter of Francesco Rusciano 34-61631 03/02/10

SEC v. Alan Todd May, et al. LR-21436 03/02/10

SEC v. Gaston E. Cantens, et al. LR-21430 03/03/10

SEC v. Michell, Porter & Williams, Inc., et al. LR-21535 03/03/10

SEC v. Sean David Morton, et al. LR-21433 03/04/10

SEC v. Francois E. Durmaz, et al. LR-21445 03/09/10

SEC v. Richard Verdiramo, et al. LR-21447 03/10/10

SEC v. American Settlement Associates, LLC, et al. LR-21458 03/16/10

SEC v. M. Mark McAdams, et al. LR-21455 03/18/10

SEC v. Douglas F. Vaughan LR-21556 03/23/10

In the Matter of Christian Hainsworth 34-61792 03/26/10

In the Matter of James H. Park 34-61816 03/31/10

In the Matter of J. Michael Broullier (CPA) AAER-3132 04/01/10

SEC v. Daniel O’Riordan LR-21474 04/02/10

In the Matter of Jimmy L. Barker 34-61874 04/08/10

In the Matter of Marc S. Rifkin 34-61875 04/08/10

In the Matter of Michael Weidgans 34-61873 04/08/10

SEC v. Scott D. Farah, et al. LR-21482 04/09/10

In the Matter of Richard G. Pacheco 34-61889 04/12/10

In the Matter of Patrick V. Looper 34-61888 04/12/10

In the Matter of Ronald Bowsky 34-61893 04/13/10

SEC v. Integrity Financial AZ, LLC, et al. LR-21488 04/15/10

SEC v. Nevin K. Shapiro LR-21495 04/21/10

SEC v. TierOne Converged Networks, Inc., et al. LR-21510 04/27/10

In the Matter of Marc S. Dreier, Esq. 34-62002 04/29/10

SEC v. New Day Atlanta, LLC, et al. LR-21512 05/03/10

Name of Case Release No. Date Filed
SEC v. Matthew John Ryan, et al. LR-21511 05/03/10

In the Matter of John L. Milling 34-62030 05/04/10

SEC v. Dennis Lee Keating II LR-21520 05/06/10

In the Matter of Stanley W. Anderson 34-62100 05/13/10

In the Matter of Michael D. Norton 34-62099 05/13/10

In the Matter of Edwin A. Smith 34-62098 05/13/10

In the Matter of Charles L. Kennedy 34-62097A 05/13/10

In the Matter of Nicholas R. Fair 34-62096 05/13/10

In the Matter of Jason Hertz 34-62862 05/13/10

SEC v. Edward A. Allen, et al. LR-21529 05/20/10

In the Matter of David F. Merrick 34-62150 05/21/10

In the Matter of Gregory W. Laser 34-62149 05/21/10

SEC v. Matthew J. Gagnon LR-21532 05/24/10

SEC v. Christopher W. Bass, et al. LR-21533 05/24/10

In the Matter of Joseph Milanowski 34-62538 05/27/10

SEC v. Luis Felipe Perez LR-21544 06/02/10

SEC v. Bruce S. Frank None 06/04/10

SEC v. Petrogas Overseas Trading, LP, et al. LR-21549 06/07/10

In the Matter of Robert Tringham 34-62244 06/08/10

In the Matter of Gordon Brent Pierce, et al. 33-9125 06/08/10

SEC v. Merendon Mining (Nevada) Inc., et al. LR-21552 06/10/10

SEC v. Chimay Capital Management, Inc., et al. LR-21554 06/11/10

SEC v. United American Ventures, LLC, et al. LR-21556 06/14/10

SEC v. Martin T. Wegener, et al. LR-21560 06/14/10

SEC v. Seisma Oil Research, LLC, et al. LR-21562 06/16/10

SEC v. Matthew Jennings, et al. LR-21561 06/16/10

SEC v. Anthony T. Banas LR-21566 06/22/10

SEC v. Anthony C. Zufelt, et al. LR-21570 06/23/10

SEC v. Advanced Technologies Group, Ltd., et al. LR-21567 06/23/10

SEC v. Estate of Kenneth Wayne McLeod, et al. LR-21569 06/24/10

In the Matter of Bruce S. Frank, Esq. 34-62383 06/25/10

SEC v. Robert Stinson, Jr., et al. LR-21584 06/29/10

SEC v. Travis L. Wright LR-21586 07/02/10

In the Matter of Dennis Lee Keating II 34-62456 07/06/10

In the Matter of Matthew C. Gless AAER-3152 07/13/10

In the Matter of Gary Maddux 34-62487 07/13/10

In the Matter of Martin T. Wegener 34-62529 07/19/10

SEC v. Laurence M. Brown, et al. LR-21597 07/22/10

In the Matter of Daren L. Palmer 34-62591 07/29/10

In the Matter of John J. Coutris 34-62611 07/30/10

In the Matter of Michael J. Coutris 34-62612 07/30/10

In the Matter of J. Coutris Partners, LP 34-62613 07/30/10

In the Matter of Thomas P. Flanagan, CPA AAER-3163 08/04/10

SEC v. CJ’s Financial, et al. LR-21619 08/04/10

SEC v. Joseph R. Porche, et al. LR-21614 08/04/10

In the Matter of Shauntel A. McCoy 34-62634 08/04/10

In the Matter of Robert Comiskey 34-62689 08/11/10

In the Matter of William Carson Arnold 34-62693 08/11/10

SEC v. Jon C. Ginder, et al. LR-21624 08/11/10

In the Matter of Robert T. Harvey IA-3072A 08/24/10

Name of Case Release No. Date Filed
SEC v. Halek Energy, LLC, et al. LR-21637 08/31/10

In the Matter of Edward M. Denigris 34-62844 09/03/10

SEC v. LADP Acquisition, Inc., et al. LR-21655 09/14/10

In the Matter of David G. Rose 34-62915 09/15/10

In the Matter of Mark D. Long 34-62916 09/15/10

In the Matter of Jason T. Rose 34-62917 09/15/10

In the Matter of Frank L. Schwartz 34-62922 09/15/10

In the Matter of Jeffrey M. Zamorsky 34-62938 09/20/10

SEC v. True North Finance Corporation AAER-3187 09/21/10

SEC v. Gustav George Bujkovsky, et al. LR-21659 09/21/10

In the Matter of Anthony (“Tony”) J. Oliva 34-62975 09/22/10

In the Matter of Eric J. Hollowell 34-62974 09/22/10

In the Matter of Matthew A. Dies 34-62973 09/22/10

In the Matter of Philip Lee David Jack Thomas 34-62976 09/22/10

In the Matter of William Dyer 34-62972 09/22/10

In the Matter of Konrad C. Kafarski 34-63015 09/29/10

Transfer Agent

SEC v. Whitney D. Lund, Sr., et al. LR-21317 11/30/09

Name of Case Release No. Date Filed
Table 4

INVESTIGATIONS OF POSSIBLE VIOLATIONS OF THE ACT

ADMINISTERED Y THE COMMISS

Pending as of October 1, 2009........................................................................................................4,317*

Opened in Fiscal Year 2010 ................................................................................................952

Total..........................................................................................................................................5,269

Closed in Fiscal Year 2010..................................................................................................975

Pending as of September 30, 2010 .................................................................................................4,294

Formal Orders of Investigation

Issued in Fiscal Year 2010..................................................................................................531

* * * * * *

 

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.” During t

fiscal year, the Commission issued no subpoenas under Section 21(h)(2)(A)(3). Set forth below are the number 

occasions on which the Commission obtained customer records pursuant to the provisions of the RFPA:

Section 1104 (Customer Authorizations) 48

Section 1105 (Administrative Subpoenas) 397

Section 1107 (Judicial Subpoenas) 7

Section 1109 (Delayed Customer Notice) 0

*The number of investigations pending at the beginning of the fiscal year may change from previously

reported numbers due to investigations being reopened or delays in entering closed investigations in the 

case management system.
2

Investor Complaints and Questions

During FY 2010, the SEC’s Office of Investor Education and Advocacy (OIEA) performed 87,222 

activities related to complaints, questions, and other contacts received from investors.

Table 5

Investor Complaints and Questions

During FY 2010 (ended September 30, 2010), the SEC's Office of Investor Education 

and Advocacy (OIEA) performed 87,222 activities related to complaints, questions, 

and other contacts received from investors.

Table 5

* During FY 2010, OIEA implemented a new case management tracking system that employs 

a different reporting methodology than used in prior years. OIEA previously reported the 

annual number of investor contacts received, but now reports the annual number of investor 

assistance activities performed by staff.

* During FY 2010, OIEA implemented a new case management tracking system that employs a different 

reporting methodology than used in prior years. OIEA previously reported the annual number of investor 

contacts received, but now reports the annual number of investor assistance activities performed by staff.
Table 6

TEN MOST COMMON COMPLAINTS RECEIVED DURING FY 201

Complaint Trends

The volume of complaints concerning problems with advance fee fraud ranked first 

among all complaint categories in FY 2010. OIEA also received a combined total of 

1,437 complaints concerning account administration issues (ranking third and fourth 

on the list).

Table 6

TEN MOST COMMON COMPLAINTS RECEIVED DURING FY 2010**

Rank Complaint Type FY 2010 Totals

1 Advance Fee Fraud 1217

2 Manipulation of Securities/Prices 788

3

Account Administration and Processing (Maintenance, 

Including Account Closing and Redemption Issues) 777

4 Account Administration and Processing (Matters 

Relating to Daily Activity in an Account) 660

5 Delivery of Funds/Proceeds 494

6

Misrepresentations and Omissions: Inaccurate, 

Misleading or Non-Disclosure by Broker-Dealers, 

Investment Advisers, and Associated Persons 

444

7 Unregistered Security, Salesperson, or Entity 420

8 Specific Market Events/Comments and Complaints 412

9 Ponzi/Pyramid Scheme 379

10 Administrative Fees: Excessive or Unnecessary 328

**During FY 2010, OIEA implemented a new case management tracking system 

that employs a different reporting methodology than used in prior years. As a 

result, an exact comparison with all prior year complaint data is not feasible.

Complaint Trends

The volume of complaints concerning problems with advance fee fraud ranked first among all 

complaint categories in FY 2010. OIEA also received a combined total of 1,437 complaints 

concerning account administration issues (ranking third and fourth on the list).

*During FY 2010, OIEA implemented a new case management tracking system that employs a different 

reporting methodology than used in prior years. As a result, an exact comparison with all prior year 

complaint data is not feasible.
Table 7

UNCONSOLIDATED FINANCIAL INFORMATION FOR BROKER-DEALER

2005 - 2009 1/

($ in Millions) 

2005 2006 2007 2008 2009

Revenues

Securities Commissions $46,803.2 $49,671.4 $54,371.6 $55,168.5 $48,969.0 

Gains (Losses) in Trading and

 Investment Accounts 30,681.0 55,193.1 4,132.1 -55,305.0 45,337.0 

Profits (Losses) from Underwriting

 and Selling Groups 19,877.7 23,623.2 26,502.7 16,330.9 22,569.3 

Margin Interest 13,269.8 23,689.5 32,293.0 18,134.0 4,529.2 

Revenues from Sale of Investment

 Company Shares 20,698.8 23,346.0 26,227.5 22,082.1 17,153.2 

All Other Revenues 201,170.5 282,940.6 352,990.0 240,180.2 149,524.3 

Total Revenues $332,501.1 $458,463.7 $496,516.9 $296,590.8 $288,082.1 

Expenses

Registered Representatives’

 Compensation (Part II Only) 2/ $31,712.5 $36,606.7 $38,714.6 $34,956.4 $34,897.1 

Other Employee Compensation

and Benefits 53,771.0 63,151.3 63,872.0 56,256.1 57,

Compensation to Partners and

Voting Stockholder Officers 3,329.9 3,623.8 3,718.4 3,808.5 3,

Commissions and Clearance Paid

 to Other Brokers 18,645.3 21,980.5 25,890.6 26,398.3 23,291.8 

Interest Expenses 140,239.9 226,146.5 282,238.7 122,712.6 21,883.6 

Regulatory Fees and Expenses 1,787.7 1,906.3 2,043.2 1,987.8 2,172.2 

All Other Expenses 2/ 61,830.8 66,481.3 74,978.6 74,026.6 69,144.5 

Total Expenses $311,317.0 $419,896.5 $491,456.0 $320,146.3 $212,398.9 

Income and Profitability

Pre-tax Income $21,184.1 $38,567.2 $5,060.9 -$23,555.5 $75,683.2 

Pre-tax Profit Margin 6.4% 8.4% 1.0% -7.9% 26.3%

Pre-tax Return on Equity 13.1% 22.1% 2.7% -12.8% 38.3%

Assets, Liabilities and Capital

Total Assets $5,215,073.0 $6,221,520.8 $6,777,335.6 $4,441,382.6 $4,345,375.5 

Liabilities

 (a) Unsubordinated Liabilities 4,952,054.3 5,930,650.0 6,439,951.4 4,118,697.2 4,007,250.3 

 (b) Subordinated Liabilities 98,912.6 106,241.0 150,895.3 141,803.9 123,608.6 

 (c) Total Liabilities $5,050,966.9 $6,036,891.0 $6,590,846.7 $4,260,501.1 $4,130,858.9 

Ownership Equity $164,106.1 $184,629.7 $186,488.9 $180,881.5 $180,881.5 

Number of Firms 6,016 5,808 5,562 5,178 5,063 

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.

Source: FOCUS Report
Table 8

UNCONSOLIDATED ANNUAL REVENUES AND EXPENSES FOR BROKER-DEA

DOING A PUBLIC BUSI

2005 - 2009 1/

($ in Millions)

2005 2006 2007 2008 2009

Revenues

Securities Commissions $46,246.4 $49,159.8 $53,946.1 $54,724.8 $48,531.5 

Gains (Losses) in Trading and

 Investment Accounts 25,931.9 48,217.5 -2,964.0 -61,890.7 39,308.4 

Profits (Losses) from Underwriting

 and Selling Groups 19,879.2 23,627.9 26,502.7 16,330.9 22,569.3 

Margin Interest 13,246.0 23,687.7 32,286.9 18,134.7 4,529.3 

Revenues from Sale of Investment

 Company Shares 20,698.9 23,346.0 26,227.5 22,081.8 17,152.7 

All Other Revenues 195,297.6 272,325.1 339,802.4 232,150.0 146,971.4 

Total Revenues $321,300.0 $440,364.0 $475,801.5 $281,531.6 $279,062.5 

Expenses

Registered Representatives’

 Compensation (Part II Only) 2/ $31,711.6 $36,604.7 $38,691.8 $34,955.4 $34,895.9 

Other Employee Compensation

and Benefits 52,908.1 62,146.3 62,858.4 54,804.1 56,

Compensation to Partners and

Voting Stockholder Officers 3,165.1 3,449.7 3,569.9 3,602.0 3,

Commissions and Clearance Paid

 to Other Brokers 18,258.9 21,479.0 25,305.1 25,721.6 22,184.1 

Interest Expenses 136,122.4 217,923.2 271,874.1 121,336.8 21,415.0 

Regulatory Fees and Expenses 1,557.0 1,632.3 1,824.1 1,773.2 1,776.7 

All Other Expenses 2/ 59,963.3 63,809.1 71,520.4 71,536.6 67,269.8 

Total Expenses $303,686.4 $407,044.2 $475,643.7 $313,729.8 $207,280.8 

Income and Profitability

Pre-tax Income $17,613.6 $33,319.8 $157.8 -$32,198.2 $71,781.8 

Pre-tax Profit Margin 5.5% 7.6% 0.0% -11.4% 25.7%

Pre-tax Return on Equity 12.0% 21.3% 0.1% -19.2% 38.9%

Number of Firms 5,143 5,077 4,991 4,708 4,660 

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.

Source: FOCUS Report
Table 9

UNCONSOLIDATED BALANCE SHEET FOR BROKER-DEA

DOING A PUBLIC BUSI

YEAR-END, 2005 - 2009 1

($ in Millions)

2005 2006 2007 2008 2009

Assets

Cash $59,502.8 $85,695.8 $109,501.5 $126,326.1 $95,092.5

Receivables from Other

 Broker-Dealers 1,941,595.2 2,465,769.3 2,534,768.8 1,406,955.4 1,446,116.5

Receivables from Customers 202,277.2 252,147.2 261,413.4 140,964.1 175,971.4

Receivables from Non-customers 28,989.0 37,937.7 65,205.8 22,174.2 22,939.6

Long Positions in Securities

 and Commodities 1,184,107.5 1,383,270.8 1,593,015.7 1,179,516.7 1,049,598.1

Securities and Investments

 not Readily Marketable 14,696.7 19,615.7 21,165.2 11,335.1 25,774.4

Securities Purchased Under Agreements

 to Resell (Part II only) 2/ 1,288,647.4 1,342,498.3 1,473,453.8 1,186,011.1 1,143,322.8

Exchange Membership 769.3 312.1 343.1 297.7 353.4

Other Assets 2/ 249,177.4 320,858.9 355,164.4 207,340.6 254,240.6

Total Assets $4,969,762.5 $5,908,105.6 $6,414,031.7 $4,280,920.8 $4,213,409.3

Liabilities and Equity Capital

Bank Loans Payable $97,655.4 $104,855.4 $114,438.7 $43,251.3 $73,472.3

Payables to Other Broker-dealers 1,018,199.3 1,222,095.1 1,302,092.0 544,974.5 603,840.5

Payables to Non-customers 67,301.4 102,941.8 105,636.7 83,576.6 87,459.6

Payables to Customers 508,372.3 560,712.9 761,135.8 665,648.9 579,542.7

Short Positions in Securities

 and Commodities 487,003.6 558,532.3 523,353.2 295,773.0 352,309.3

Securities Sold Under Repurchase

 Agreements (Part II only) 2/ 2,124,355.6 2,579,075.1 2,796,745.3 1,992,187.1 1,768,340.7

Other Non-subordinated Liabilities 2/ 421,882.5 510,191.8 492,080.3 347,333.0 423,803.0

Subordinated Liabilities 96,871.1 104,311.0 149,696.4 141,000.0 123,072.0

Total Liabilities $4,821,641.1 $5,742,715.4 $6,245,178.3 $4,113,744.4 $4,011,840.2

Equity Capital $148,121.4 $165,390.2 $168,853.5 $167,176.4 $201,569.2

Number of Firms 5,143 5,077 4,991 4,708 4,660

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.

Source: FOCUS Report
Table 10

UNCONSOLIDATED REVENUES AND EXPENSES F

CARRYING/CLEARING BROKER-DEALERS 

($ in Millions)

2008 2009

Dollars

Percent

of Total

Revenues Dollars

Percent

of Total

Revenues

Percent

Change

2008-2009

Revenues

Securities Commissions $39,221.7 17.5% $33,942.6 14.9% -13.5%

Gains (Losses) in Trading and

 Investment Accounts -63,863.2 -28.5 33,781.4 14.9 -152.9 

Profits (Losses) from Underwriting

 and Selling Groups 15,095.3 6.7 21,468.4 9.4 42.2 

Margin Interest 18,134.7 8.1 4,529.3 2.0 -75.0 

Revenues from Sale of Investment

 Company Shares 11,531.8 5.2 8,826.2 3.9 -23.5 

Miscellaneous Fees 25,238.8 11.3 22,201.6 9.8 -12.0 

Revenues from Research 78.2 0.0 83.2 0.0 6.4 

Commodities Revenues 5,356.1 2.4 4,070.1 1.8 -24.0 

All Other Revenues 172,990.7 77.3 98,530.5 43.3 -43.0 

Total Revenues $223,783.9 100.0% $227,433.3 100.0% 1.6%

Expenses

Registered Representatives’

 Compensation $34,955.4 15.6% $34,895.9 15.3% -0.2%

Other Employee Compensation

and Benefits 39,368.7 17.6 42,154.7 18.

Compensation to Partners and

Voting Stockholder Officers 1,231.5 0.6 1,244.1 0.

Commissions and Clearance Paid

 to Other Brokers 11,902.8 5.3 10,693.6 4.7 -10.2 

Communications 6,013.8 2.7 5,769.7 2.5 -4.1 

Occupancy and Equipment Costs 6,800.0 3.0 6,907.9 3.0 1.6 

Data Processing Costs 3,390.0 1.5 3,106.5 1.4 -8.4 

Interest Expenses 120,943.3 54.0 21,129.8 9.3 -82.5 

Regulatory Fees and Expenses 1,515.3 0.7 1,494.5 0.7 -1.4 

Losses in Error Accounts and

 Bad Debts 1,415.8 0.6 608.1 0.3 -57.0 

All Other Expenses 30,722.1 13.7 31,814.1 14.0 3.6 

Total Expenses $258,258.6 115.4% $159,818.9 70.3% -38.1%

Income and Profitability

Pre-tax Income -$34,474.7 -15.4% $67,614.4 29.7% -296.1%

Pre-tax Profit Margin -15.4% 29.7%

Pre-tax Return on Equity -24.7% 42.8%

Number of Firms 514 516 

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 transaction

Source: FOCUS Report
Table 11

UNCONSOLIDATED BALANCE SHEET FOR CARRYING/CLEA

BROKER-DEALERS 1

($ in Millions)

2008 2009

Dollars

Percent

of Total

Assets Dollars

Percent

of Total

Assets

Percent

Change

2008-2009

Assets

Cash $121,775.1 2.9% $90,228.8 2.2% -25.9%

Receivables from Other Broker-Dealers 1,401,803.5 33.3 1,442,597.1 34.7 2.9 

(a) Securities Failed to Deliver 43,012.2 1.0 62,057.6 1.5 44.3 

(b) Securities Borrowed 1,234,867.0 29.3 1,292,939.4 31.1 4.7 

(c) Other 123,924.3 2.9 87,600.1 2.1 -29.3 

Receivables from Customers 140,964.1 3.3 175,971.4 4.2 24.8 

Receivables from Non-customers 21,101.8 0.5 21,956.7 0.5 4.1 

Long Positions in Securities and Commodities 1,137,303.5 27.0 1,015,137.0 24.4 -10.7 

(a) Bankers Acceptances, Certificates

 of Deposit and Commercial Paper 67,454.9 1.6 41,508.1 1.0 -38.5 

(b) U.S. and Canadian Government

 Obligations 721,880.1 17.1 585,676.2 14.1 -18.9 

(c) State and Municipal Government

 Obligations 38,646.9 0.9 35,430.0 0.9 -8.3 

(d) Corporate Obligations 130,467.3 3.1 162,635.8 3.9 24.7 

(e) Stocks and Warrants 109,151.2 2.6 121,357.4 2.9 11.2 

(f) Options 29,834.8 0.7 20,812.9 0.5 -30.2 

(g) Arbitrage 3,258.6 0.1 9,781.3 0.2 200.2 

(h) Other Securities 37,459.7 0.9 37,862.4 0.9 1.1 

(i) Spot Commodities 73.7 0.0 369.8 0.0 401.8 

Securities and Investments Not Readily

 Marketable 10,827.4 0.3 25,407.2 0.6 134.7 

Securities Purchased Under Agreements

 to Resell 1,186,011.1 28.2 1,143,322.8 27.5 -3.6 

Exchange Membership 291.0 0.0 347.3 0.0 19.3 

Other Assets 193,041.9 4.6 241,435.3 5.8 25.1 

Total Assets $4,213,119.2 100.0% $4,156,403.6 100.0% -1.3%

Liabilities and Equity Capital

Bank Loans Payable $34,941.4 0.8% $64,933.5 1.6% 85.8%

Payables to Other Broker-dealers 527,545.9 12.5 595,701.9 14.3 12.9 

(a) Securities Failed to Receive 45,319.8 1.1 61,773.5 1.5 36.3 

(b) Securities Loaned 432,249.6 10.3 476,284.2 11.5 10.2 

(c) Other 49,976.6 1.2 57,644.2 1.4 15.3 

Payables to Non-customers 82,868.6 2.0 86,848.1 2.1 4.8 

Payables to Customers 665,648.9 15.8 579,542.7 13.9 -12.9 

Short Positions in Securities

 and Commodities 290,041.0 6.9 345,920.4 8.3 19.3 

Securities Sold Under Repurchase

 Agreements 1,992,187.1 47.3 1,768,340.7 42.5 -11.2 

Other Non-subordinated Liabilities 341,459.6 8.1 418,021.8 10.1 22.4 

Subordinated Liabilities 138,599.4 3.3 120,951.2 2.9 -12.7 

Total Liabilities $4,073,291.8 96.7% $3,980,260.3 95.8% -2.3%

Equity Capital $139,827.4 3.3% $176,143.4 4.2% 26.0%

Number of Firms 514 516

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 transaction

Source: FOCUS Report
Table 12

Transaction Activity in Equities, Options, and Security Futures

Market Value of Sales (millions)

Year Total

Equity

Trading

Option

Trading

Option Exercises

and Futures

Deliveries

Security

Futures

Trading1

1991 $ 2,666,702 $ 2,590,422 $ 27,104 $ 49,177 

1992 $ 3,148,024 $ 3,077,507 $ 26,586 $ 43,931 

1993 $ 4,261,937 $ 4,179,743 $ 33,779 $ 48,415 

1994 $ 4,591,283 $ 4,501,577 $ 35,883 $ 53,823 

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

Calendar Year 2009

BATS $ 6,523,158 $ 6,523,158 

BSE $ 979,939 $ 899,779 $ 24,132 $ 56,028 

CBOE $ 666,587 $ 137,703 $ 164,619 $ 364,265 

CMX $ 0 $0 2,142

CHX $ 372,295 $ 372,295 

FINRA $16,347,515 $16,347,515 

ISE $ 1,360,631 $ 798,155 $ 172,703 $ 389,772 

NASDAQ $14,401,334 $14,338,467 $ 19,371 $ 43,496 

NSX $ 299,973 $ 299,973 

NYSE $ 7,807,055 $ 7,807,055 

NYSE Amex $ 172,289 $ 18,106 $ 49,135 $ 105,048 

NYSE Arca $10,382,468 $10,023,474 $ 109,773 $ 249,221 

One Chicago $ 4,277 $ 4,277 2,726,124

Phlx $ 532,282 $ 170,108 $ 362,174 

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.

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.