SELECT SEC AND MARKET DATA

FISCAL 2016

Contents

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

Enforcement Action Summary Chart for Fiscal 2016 by Primary Classification........................................................................ 3

Fiscal 2016 Enforcement Cases Listed by Program Area ........................................................................................................ 4

Investigations of Possible Violations of the Acts Administered by the Commission............................................................... 24

Unconsolidated Financial Information for Broker-Dealers ...................................................................................................... 25

Unconsolidated Annual Revenues and Expenses for Broker-Dealers Doing a Public Business ........................................... 26

Unconsolidated Balance Sheet for Broker-Dealers Doing a Public Business Year-End ........................................................ 27

Unconsolidated Revenues and Expenses for Carrying/Clearing Broker-Dealers ................................................................. 28

Unconsolidated Balance Sheet for Carrying/Clearing Broker-Dealers .................................................................................. 29

Transaction Activity In Equities, Options, and Security Futures.............................................................................................. 30
TABLE 1

ENFORCEMENT MILESTONES

FISCAL 2016

● Obtained orders in SEC judicial and administrative proceedings requiring securities 

violators to disgorge illegal profits of approximately $2.809 billion and to pay penalties 

of approximately $1.273 billion.1

● Sought orders barring 113 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 24 actions, and sought asset 

freezes in 33 actions.

● Filed 7 actions to enforce investigative subpoenas.

● Halted trading in securities of 199 issuers about which there was inadequate 

public disclosure.

In SEC-related criminal cases, prosecutors filed 109 indictments, informations, 

or contempts in Fiscal Year 2016.

1

 The amounts above do not include certain monies ordered in Securities and Exchange Commission v. Medical Capital Holdings, Inc., 

 et al., Civil Action No. SA CV 09-818 DOC (RNBx) (C.D. Cal.) ($831 million); Securities and Exchange Commission v. Enrica CotellessaPitz, Civil Action No. 11 CV 9302 (LTS) (S.D.N.Y.) ($97.3 billion); and Securities and Exchange Commission v. Eric Lipkin, Civil Action 

No. 11 CV 3826 (LTS) ($30.6 billion).

2

 
TABLE 2

ENFORCEMENT ACTION SUMMARY CHART FOR 

FISCAL 2016 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.)

Stand-Alone Follow-On % of 

Civil Administrative Administrative Total 

Primary Classification Actions Proceeding Proceeding Total Actions

Broker-Dealer 5 (10) 56 (73) 112 (118) 173 (201) 19.9%

Delinquent Filings 0 (0) 125 (366) 0 (0) 125 (366) 14.4%

Foreign Corrupt Practices Act 1 (1) 20 (24) 0 (0) 21 (25) 2.4%

Insider Trading 29 (57) 16 (21) 0 (0) 45 (78) 5.2%

Investment Advisors/ 20 (62) 78 (129) 61 (63) 159 (254) 18.3% Investment Companies

Issuer Reporting and Disclosure 21 (69) 72 (130) 10 (10) 103 (209) 11.9%

Market Manipulation 16 (69) 14 (27) 3 (3) 33 (99) 3.8%

Miscellaneous 3 (6) 6 (6) 2 (2) 11 (14) 1.3%

Natl Rec Stat Rating Org (NRSRO) 0 (0) 2 (2) 0 (0) 2 (2) 0.2%

Public Finance Abuse 5 (14) 92 (101) 0 (0) 97 (115) 11.2%

Securities Offering 76 (307) 14 (20) 7 (7) 97 (334) 11.2%

Transfer Agent 0 (0) 2 (3) 0 (0) 2 (3) 0.2%

TOTALS 176 (595) 497 (902) 195 (203) 868 (1,700) 100%

3
TABLE 3

FISCAL 2016 ENFORCEMENT CASES 

LISTED BY PROGRAM AREA

Case Name Type of Action Release No. Date Filed

Broker-Dealer

In the Matter of Thomas J. Palermo Follow-on Admin. Proc. 34-76080 10/06/15

SEC v. Delaney Equity Group, LLC Civil LR-23384 10/06/15

In the Matter of Phillip Cory Roberts, et al. Stand-alone Admin. Proc. 34-76096 10/07/15

In the Matter of Hugo A. Arias Follow-on Admin. Proc. 34-76153 10/14/15

In the Matter of Jason A. Keryc Follow-on Admin. Proc. 34-76154 10/14/15

In the Matter of Jerry A. Cicolani, Jr. Follow-on Admin. Proc. 34-76166 10/15/15

In the Matter of Kelly C. Hood Follow-on Admin. Proc. 34-76167 10/15/15

In the Matter of Jason A. Muskey Follow-on Admin. Proc. 34-76160 10/15/15

In the Matter of Frederick V. McMenimen, III Follow-on Admin. Proc. 34-76179 10/16/15

In the Matter of Jeffrey A. King Follow-on Admin. Proc. 34-76242 10/22/15

In the Matter of Joseph J. Azzata Follow-on Admin. Proc. 34-76263 10/26/15

In the Matter of Patrick R. Burke Stand-alone Admin. Proc. 33-9968 10/28/15

In the Matter of Hal S. Tunick Stand-alone Admin. Proc. 33-9969 10/28/15

In the Matter of Patricia S. Miller Follow-on Admin. Proc. 34-76333 11/03/15

In the Matter of David K. Hirschman Follow-on Admin. Proc. 34-76361 11/05/15

In the Matter of Kevin C. Brown Follow-on Admin. Proc. 34-76435 11/13/15

In the Matter of James L. Erwin, et al. Follow-on Admin. Proc. 34-76503 11/23/15

In the Matter of Marwood Group Research, LLC Stand-alone Admin. Proc. 34-76512 11/24/15

In the Matter of Brett A. Cooper Follow-on Admin. Proc. 34-76526 11/25/15

In the Matter of Michael Szafranski Follow-on Admin. Proc. 34-76523 11/25/15

In the Matter of Mehron P. Azarmehr, et al. Stand-alone Admin. Proc. 34-76568 12/07/15

In the Matter of Michael A. Bander, et al. Stand-alone Admin. Proc. 34-76569 12/07/15

In the Matter of Roger A. Bernstein Stand-alone Admin. Proc. 34-76570 12/07/15

In the Matter of Allen E. Kaye Stand-alone Admin. Proc. 34-76571 12/07/15

In the Matter of Taraneh Khorrami Stand-alone Admin. Proc. 34-76572 12/07/15

In the Matter of Mike S. Manesh, et al. Stand-alone Admin. Proc. 34-76573 12/07/15

In the Matter of Kefei Wang Stand-alone Admin. Proc. 34-76574 12/07/15

SEC v. Hui Feng, et al. Civil LR-23420 12/07/15

In the Matter of Vladimir Eydelman Follow-on Admin. Proc. 34-76594 12/08/15

In the Matter of Vinay Kumar Nevatia Follow-on Admin. Proc. 34-76581 12/08/15

In the Matter of Aaron Nowak Stand-alone Admin. Proc. 33-9988 12/11/15

In the Matter of Deven Sellers, et al. Follow-on Admin. Proc. 34-76659 12/15/15

In the Matter of KCG Americas, LLC Stand-alone Admin. Proc. 33-9996 12/21/15

In the Matter of SG Americas Securities, LLC, et al. Stand-alone Admin. Proc. 33-9999 12/22/15

In the Matter of Kevin I. Zinn Follow-on Admin. Proc. 34-76752 12/23/15

In the Matter of J.P. Morgan Securities, LLC Stand-alone Admin. Proc. 33-10001 01/06/16

In the Matter of Wayne L. Palmer Follow-on Admin. Proc. 34-76843 01/06/16

In the Matter of John Olivia Follow-on Admin. Proc. 34-76859 01/08/16

In the Matter of Paul D. Crawford Follow-on Admin. Proc. 34-76866 01/11/16

In the Matter of Goldman, Sachs & Co. Stand-alone Admin. Proc. 34-76899 01/14/16

In the Matter of Michael T. Snedeker Follow-on Admin. Proc. 34-76932 01/19/16

4
Case Name Type of Action Release No. Date Filed

In the Matter of 3C Advisors & Associates, Inc., et al. Stand-alone Admin. Proc. 34-76979 01/27/16

In the Matter of Salvatore Renaldi Follow-on Admin. Proc. 34-76977 01/27/16

In the Matter of Kevin A. Boyles Follow-on Admin. Proc. 34-76986 01/28/16

In the Matter of Philip A. Dressner Follow-on Admin. Proc. 34-76985 01/28/16

In the Matter of Barclays Capital, Inc. Stand-alone Admin. Proc. 33-10010 01/31/16

In the Matter of Credit Suisse Securities (USA), LLC Stand-alone Admin. Proc. 33-10014 01/31/16

In the Matter of Credit Suisse Securities (USA), LLC Stand-alone Admin. Proc. 33-10013 01/31/16

In the Matter of E.S. Financial Services, Inc. Stand-alone Admin. Proc. 34-77056 02/04/16

In the Matter of Tyson D. Williams Follow-on Admin. Proc. 34-77083 02/08/16

In the Matter of Gregory L. Merrick Follow-on Admin. Proc. 34-77136 02/12/16

In the Matter of Charles P. Grom Stand-alone Admin. Proc. 34-77150 02/17/16

In the Matter of Jason Maiher Stand-alone Admin. Proc. 34-77207 02/23/16

In the Matter of Mark A. Lopez Follow-on Admin. Proc. 34-77225 02/24/16

In the Matter of Joseph A. Giordano Follow-on Admin. Proc. 34-77244 02/26/16

In the Matter of KeyBanc Capital Markets, Inc. Stand-alone Admin. Proc. 34-77254 02/29/16

In the Matter of Maximillian Santos Stand-alone Admin. Proc. 34-77253 02/29/16

In the Matter of Devon C. McLean Follow-on Admin. Proc. 34-77271 03/01/16

In the Matter of Janice D. Rey Follow-on Admin. Proc. 34-77270 03/01/16

In the Matter of Frederick J. Birks Follow-on Admin. Proc. 34-77317 03/08/16

In the Matter of Banc de Binary Ltd., et al. Follow-on Admin. Proc. 34-77327 03/09/16

In the Matter of Steele V. Stephens Follow-on Admin. Proc. 34-77347 03/10/16

In the Matter of Barry B. Clare Stand-alone Admin. Proc. 34-77373 03/15/16

In the Matter of Kevin L. Dowd Follow-on Admin. Proc. 34-77393 03/17/16

In the Matter of Philip Akel Follow-on Admin. Proc. 34-77439 03/24/16

In the Matter of Canaccord Genuity, Inc. Stand-alone Admin. Proc. 33-10059 03/24/16

In the Matter of Yue Han Follow-on Admin. Proc. 34-77453 03/25/16

In the Matter of Linda Yoo Stand-alone Admin. Proc. 34-77459 03/28/16

In the Matter of James E. Neilsen Follow-on Admin. Proc. 34-77486 03/31/16

In the Matter of Raymon G. Chadwick, Jr. Follow-on Admin. Proc. 34-77519 04/05/16

In the Matter of Terry W. Johnson Follow-on Admin. Proc. 34-77517 04/05/16

In the Matter of Levi D. Lindemann Follow-on Admin. Proc. 34-77541 04/06/16

In the Matter of Thomas E. Skypeck Follow-on Admin. Proc. 34-77546 04/06/16

In the Matter of Craig Scott Capital, LLC, et al. Stand-alone Admin. Proc. 34-77595 04/12/16

SEC v. Khaled Bassily Civil LR-23516 04/12/16

In the Matter of Daniel Christian Stanley Powell Follow-on Admin. Proc. 34-77653 04/19/16

In the Matter of Caleb J. White Follow-on Admin. Proc. 34-77689 04/22/16

In the Matter of Malcolm Segal Follow-on Admin. Proc. 34-77702 04/25/16

In the Matter of Benito Chinea Follow-on Admin. Proc. 34-77725 04/27/16

In the Matter of Tomas Alberto Clarke Bethancourt Follow-on Admin. Proc. 34-77727 04/27/16

In the Matter of Joseph Flores Demeneses, Jr. Follow-on Admin. Proc. 34-77728 04/27/16

In the Matter of Jose Alejandro Hurtado Follow-on Admin. Proc. 34-77729 04/27/16

In the Matter of Ernesto Lujan Follow-on Admin. Proc. 34-77730 04/27/16

In the Matter of Stanley D. Parrish Follow-on Admin. Proc. 34-77747 04/29/16

In the Matter of Stalin Antonio Asenjo Follow-on Admin. Proc. 34-77768 05/05/16

In the Matter of Greg Ruehle Follow-on Admin. Proc. 34-77802 05/10/16

In the Matter of John Steven Blount Follow-on Admin. Proc. 34-77826 05/12/16

In the Matter of Stephan von Hase Follow-on Admin. Proc. 34-77832 05/13/16

SEC v. Ross McLellan Civil LR-23540 05/13/16

In the Matter of Albert Fried & Company, LLC Stand-alone Admin. Proc. 34-77971 06/01/16

5
Case Name Type of Action Release No. Date Filed

In the Matter of Craig Medoff Follow-on Admin. Proc. 

In the Matter of Steve Koifman Follow-on Admin. Proc. 

In the Matter of Galen J. Marsh Follow-on Admin. Proc. 

In the Matter of Morgan Stanley Smith Barney, LLC Stand-alone Admin. Proc. 

In the Matter of American Life, Inc., et al. Stand-alone Admin. Proc. 

In the Matter of Clark S. Gardner Follow-on Admin. Proc. 

In the Matter of David L. Post Follow-on Admin. Proc. 

In the Matter of Jonathan E. Rosenberg Follow-on Admin. Proc. 

In the Matter of Rohit Bansal Follow-on Admin. Proc. 

In the Matter of Merrill Lynch, Pierce, 

Fenner and Smith Incorporated, et al. Stand-alone Admin. Proc. 

In the Matter of William Tirrell Stand-alone Admin. Proc. 

In the Matter of James Anthony Catipay Follow-on Admin. Proc. 

In the Matter of Patrick G. Mackaronis Follow-on Admin. Proc. 

In the Matter of ICAN Investment Group, LLC Follow-on Admin. Proc. 

In the Matter of NFS Group, LLC d/b/a 

Novers Financial a/k/a Safe Retirement Experts Follow-on Admin. Proc. 

In the Matter of Christopher A. Novinger Follow-on Admin. Proc. 

In the Matter of Speers Financial Group, LLC Follow-on Admin. Proc. 

In the Matter of Brady J. Speers Follow-on Admin. Proc. 

In the Matter of Cheongwha “Heywood” Chang Follow-on Admin. Proc. 

In the Matter of Toni Tong Chen, CPA Follow-on Admin. Proc. 

In the Matter of Bitcoin Investment Trust, et al. Stand-alone Admin. Proc. 

In the Matter of Citigroup Global Markets, Inc. Stand-alone Admin. Proc. 

In the Matter of Jeffrey E. Gallagher Follow-on Admin. Proc. 

In the Matter of Timothy A. Nemeckay Follow-on Admin. Proc. 

In the Matter of Nathan Schleifer Follow-on Admin. Proc. 

SEC v. John T. Place, et al. Civil 

In the Matter of David R. Gray, II Follow-on Admin. Proc. 

In the Matter of Terry Pickering Lobelsky Follow-on Admin. Proc. 

In the Matter of Merle G. Walter Follow-on Admin. Proc. 

In the Matter of Ricky T. Meyer Follow-on Admin. Proc. 

In the Matter of Stephen Wilshinsky Follow-on Admin. Proc. 

In the Matter of Izak Zirk De Maison (f/k/a) Izak Zirk Engelbrecht Follow-on Admin. Proc. 

In the Matter of Tianyu Zhou Stand-alone Admin. Proc. 

In the Matter of Damon M. Barnes, et al. Stand-alone Admin. Proc. 

In the Matter of Jeremy D. Barnes Stand-alone Admin. Proc. 

In the Matter of Daniel J. Bean Stand-alone Admin. Proc. 

In the Matter of Joshua M. Beauregard, et al. Stand-alone Admin. Proc. 

In the Matter of Edwin K. Chin Stand-alone Admin. Proc. 

In the Matter of Delaney Equity Group, LLC, et al. Stand-alone Admin. Proc. 

In the Matter of John L. Shipley Stand-alone Admin. Proc. 

In the Matter of Delaney Equity Group, LLC Stand-alone Admin. Proc. 

In the Matter of Justin Esposito Follow-on Admin. Proc. 

In the Matter of Gregory Goldstein Follow-on Admin. Proc. 

In the Matter of Michael T. Angeletti Follow-on Admin. Proc. 

In the Matter of Christopher J. Borgo Follow-on Admin. Proc. 

In the Matter of Michael J. Calash Follow-on Admin. Proc. 

In the Matter of David Anthony Eratostene Follow-on Admin. Proc. 

34-77968 

34-77981 

34-78020 

34-78021 

34-78042 

34-78085 

34-78083 

34-78084 

34-78087 

34-78141 

34-78142 

34-78160 

34-78170 

34-78210 

34-78211 

34-78213 

34-78212 

34-78214 

34-78268 

34-78269 

34-78282 

34-78291 

34-78318 

34-78411 

34-78418 

LR-23613 

34-78516 

34-78515 

34-78518 

34-78551 

34-78559 

34-78569 

34-78571 

34-78579 

34-78580 

34-78581 

34-78583 

34-78585 

33-10122 

34-78582 

34-78603 

34-78606 

34-78599 

34-78650 

34-78651 

34-78649 

34-78645 

06/01/16

06/02/16

06/08/16

06/08/16

06/13/16

06/15/16

06/15/16

06/15/16

06/16/16

06/23/16

06/23/16

06/27/16

06/28/16

06/30/16

06/30/16

06/30/16

06/30/16

06/30/16

07/08/16

07/08/16

07/11/16

07/12/16

07/13/16

07/25/16

07/26/16

08/08/16

08/09/16

08/09/16

08/09/16

08/11/16

08/11/16

08/12/16

08/15/16

08/16/16

08/16/16

08/16/16

08/16/16

08/16/16

08/16/16

08/16/16

08/17/16

08/17/16

08/17/16

08/23/16

08/23/16

08/23/16

08/23/16

6
Case Name Type of Action Release No. Date Filed

In the Matter of Douglas Kuber Follow-on Admin. Proc. 34-78655 08/23/16

In the Matter of Alan D. Messina Follow-on Admin. Proc. 34-78646 08/23/16

In the Matter of Curtis A. Peterson Stand-alone Admin. Proc. 34-78639 08/23/16

In the Matter of Gary X. Schultz Follow-on Admin. Proc. 34-78647 08/23/16

In the Matter of Chazon Stein Follow-on Admin. Proc. 34-78648 08/23/16

In the Matter of Thomas T. M. Ho Stand-alone Admin. Proc. 34-78656 08/24/16

In the Matter of Mark A. Ivener, et al. Stand-alone Admin. Proc. 34-78657 08/24/16

In the Matter of Martin J. Lawler Stand-alone Admin. Proc. 34-78658 08/24/16

In the Matter of Kieran T. Kuhn Follow-on Admin. Proc. 34-78682 08/25/16

In the Matter of Pamella B. Watson Follow-on Admin. Proc. 34-78717 08/29/16

In the Matter of Angelique de Maison Follow-on Admin. Proc. 34-78725 08/30/16

In the Matter of Robert D. Milligan Follow-on Admin. Proc. 34-78756 09/01/16

In the Matter of William Scholander Follow-on Admin. Proc. 34-78768 09/02/16

In the Matter of Eduardo Guillermo Diaz Follow-on Admin. Proc. 34-78776 09/07/16

In the Matter of Aaron Nash Kazinec Follow-on Admin. Proc. 34-78775 09/07/16

In the Matter of Marius Morariu Follow-on Admin. Proc. 34-78783 09/08/16

In the Matter of Andrew W.W. Caspersen Follow-on Admin. Proc. 34-78842 09/14/16

In the Matter of Gordon W. Jenkins Follow-on Admin. Proc. 34-78853 09/15/16

In the Matter of Francis W. Kreais Follow-on Admin. Proc. 34-78852 09/15/16

In the Matter of Theodore P. Sweeten Follow-on Admin. Proc. 34-78854 09/15/16

In the Matter of Kenny Phu Stand-alone Admin. Proc. 34-78876 09/19/16

In the Matter of David A. Zimmerman Follow-on Admin. Proc. 34-78875 09/19/16

In the Matter of Roger G. Coleman, Sr. Follow-on Admin. Proc. 34-78890 09/20/16

In the Matter of Karl E. Hahn Follow-on Admin. Proc. 34-78895 09/21/16

In the Matter of Jack Tagliaferro Follow-on Admin. Proc. 34-78927 09/23/16

In the Matter of Nicholas M. Bonacci Stand-alone Admin. Proc. 34-78932 09/26/16

In the Matter of Merrill Lynch, Pierce, 

Fenner and Smith Incorporated Stand-alone Admin. Proc. 34-78929 09/26/16

In the Matter of Robert Seibert Follow-on Admin. Proc. 34-78936 09/26/16

In the Matter of UBS Financial Services, Inc. Stand-alone Admin. Proc. 34-78958 09/28/16

In the Matter of James E. Cleary, Jr. Stand-alone Admin. Proc. 34-78994 09/29/16

In the Matter of Jason Cope Follow-on Admin. Proc. 34-78999 09/29/16

In the Matter of Jason M. Ganton Stand-alone Admin. Proc. 34-78995 09/29/16

In the Matter of Mason D. Newman Stand-alone Admin. Proc. 34-78996 09/29/16

In the Matter of Kenneth S. Whitehead Follow-on Admin. Proc. 34-78976 09/29/16

In the Matter of Kona Jones Barbera Follow-on Admin. Proc. 34-79006 09/30/16

In the Matter of Jonathan Greenfield Follow-on Admin. Proc. 34-79015 09/30/16

Delinquent Filings

In the Matter of OneSource Technologies, Inc., et al. Stand-alone Admin. Proc. 34-76090 10/07/15

In the Matter of OSK Capital I Corp., et al. Stand-alone Admin. Proc. 34-76089 10/07/15

In the Matter of Accentia Biopharmaceuticals, Inc., et al. Stand-alone Admin. Proc. 34-76169 10/16/15

In the Matter of Life Care Medical Devices, Ltd., et al. Stand-alone Admin. Proc. 34-76171 10/16/15

In the Matter of Oriental Nonferrous Metals 

Technology Co., Ltd., et al. Stand-alone Admin. Proc. 34-76252 10/23/15

In the Matter of The Jenex Corp., et al. Stand-alone Admin. Proc. 34-76253 10/23/15

In the Matter of Pan Asia Mining Corp., et al. Stand-alone Admin. Proc. 34-76279 10/27/15

In the Matter of American Power Corp., et al. Stand-alone Admin. Proc. 34-76315 10/30/15

In the Matter of CodeSmart Holdings, Inc. Stand-alone Admin. Proc. 34-76337 11/04/15

7
Case Name Type of Action Release No. Date Filed

In the Matter of Friendly Energy Exploration, et al. Stand-alone Admin. Proc. 

In the Matter of Inelco Corp., et al. Stand-alone Admin. Proc. 

In the Matter of Echelon Acquisition Corp., et al. Stand-alone Admin. Proc. 

In the Matter of Riverdale Mining, Inc., et al. Stand-alone Admin. Proc. 

In the Matter of Equity Ventures Group, Inc., et al. Stand-alone Admin. Proc. 

In the Matter of African Copper Corp., et al. Stand-alone Admin. Proc. 

In the Matter of Ben Franklin Financial, Inc. 

34-76358 

34-76378 

34-76404 

34-76426 

34-76448 

34-76476 

11/05/15

11/06/15

11/10/15

11/12/15

11/16/15

11/19/15

(a/k/a Franklin Ben Financial, Inc.), et al. Stand-alone Admin. Proc. 

In the Matter of Fox Energy Corp. Stand-alone Admin. Proc. 

In the Matter of Cadan Resources Corp., et al. Stand-alone Admin. Proc. 

In the Matter of Downer’s Gap, Inc. 

(a/k/a Downers Gap, Inc.), et al. Stand-alone Admin. Proc. 

In the Matter of SMF Energy Corp. Stand-alone Admin. Proc. 

In the Matter of Dewpoint Environmental, Inc., et al. Stand-alone Admin. Proc. 

In the Matter of Dome Holding Corp., et al. Stand-alone Admin. Proc. 

In the Matter of Bioject Medical Technologies, Inc., et al. Stand-alone Admin. Proc. 

In the Matter of Bravo Resource Partners, Ltd., et al. Stand-alone Admin. Proc. 

In the Matter of USChina Venture I, Inc., et al. Stand-alone Admin. Proc. 

In the Matter of Easylink Information Technology Co., Ltd. Stand-alone Admin. Proc. 

In the Matter of Yayi International, Inc. Stand-alone Admin. Proc. 

In the Matter of Changda International Holdings, Inc. Stand-alone Admin. Proc. 

In the Matter of Zhong Wen International Holding Co., Ltd. Stand-alone Admin. Proc. 

In the Matter of Buncombe, Inc., et al. Stand-alone Admin. Proc. 

In the Matter of China Domestica Bio-technology Holdings, Inc. Stand-alone Admin. Proc. 

In the Matter of DE Acquisition 7, Inc., et al. Stand-alone Admin. Proc. 

In the Matter of USA Graphite, Inc. Stand-alone Admin. Proc. 

In the Matter of China Holdings Group, Inc., et al. Stand-alone Admin. Proc. 

In the Matter of Cinema Internet Networks, Inc. 

34-76560 

34-76561 

34-76582 

34-76583 

34-76618 

34-76679 

34-76680 

34-76728 

34-76726 

34-76735 

34-76751 

34-76747 

34-76785 

34-76783 

34-76794 

34-76793 

34-76795 

34-76791 

34-76846 

12/03/15

12/04/15

12/08/15

12/08/15

12/11/15

12/17/15

12/17/15

12/22/15

12/22/15

12/22/15

12/23/15

12/23/15

12/29/15

12/29/15

12/30/15

12/30/15

12/30/15

12/30/15

01/07/16

(a/k/a Quentin Ventures Ltd.), et al. 

In the Matter of DC Brands International, Inc. 

In the Matter of Go Green Smokeless Oil International, Inc., et al. 

In the Matter of NHS Financial, Inc. 

In the Matter of Champion Enterprises, Inc. 

(a/k/a CEI Liquidation Estate) 

In the Matter of Andain, Inc. 

In the Matter of China Ticket Center, Inc., et al. 

In the Matter of Daytona Systems, Inc., et al. 

In the Matter of 99 Cent Stuff, Inc., et al. 

In the Matter of Oldwebsites.com, Inc., et al. 

In the Matter of Diversified Health & Fitness, Inc., et al. 

In the Matter of Eight-Eight Acquisition Corp. I, et al. 

In the Matter of DCI Telecommunications, Inc., et al. 

In the Matter of RSL Communications, Ltd., et al. 

In the Matter of Bailey Frances Corp., et al. 

In the Matter of CBC Acquisition Corp. 1, et al. 

In the Matter of Disaster Preparedness Systems, Inc., et al. 

In the Matter of China Rongxin Chemical 

Holding Group, Inc., et al. 

In the Matter of Shearson Financial Network, Inc., et al. 

Stand-alone Admin. Proc. 

Stand-alone Admin. Proc. 

Stand-alone Admin. Proc. 

Stand-alone Admin. Proc. 

Stand-alone Admin. Proc. 

Stand-alone Admin. Proc. 

Stand-alone Admin. Proc. 

Stand-alone Admin. Proc. 

Stand-alone Admin. Proc. 

Stand-alone Admin. Proc. 

Stand-alone Admin. Proc. 

Stand-alone Admin. Proc. 

Stand-alone Admin. Proc. 

Stand-alone Admin. Proc. 

Stand-alone Admin. Proc. 

Stand-alone Admin. Proc. 

Stand-alone Admin. Proc. 

Stand-alone Admin. Proc. 

Stand-alone Admin. Proc. 

34-76847 

34-76861 

34-76872 

34-76873 

34-76882 

34-76898 

34-76940 

34-76951 

34-76962 

34-76964 

34-76987 

34-76988 

34-77011 

34-77010 

34-77060 

34-77061 

34-77102 

34-77135 

34-77133 

01/07/16

01/11/16

01/11/16

01/11/16

01/13/16

01/14/16

01/21/16

01/21/16

01/22/16

01/22/16

01/28/16

01/28/16

02/01/16

02/01/16

02/04/16

02/04/16

02/10/16

02/12/16

02/12/16

8
Case Name Type of Action Release No. Date Filed

In the Matter of Wentworth IV, Inc., et al. Stand-alone Admin. Proc. 

In the Matter of Ceyoniq AG (n/k/a CEYONIQ, Inc.), et al. Stand-alone Admin. Proc. 

In the Matter of Digiblue Media, Inc., et al. Stand-alone Admin. Proc. 

In the Matter of Infrastructure International, Inc. Stand-alone Admin. Proc. 

In the Matter of TexStar Oil Corporation, et al. Stand-alone Admin. Proc. 

In the Matter of Chardan China Acquisition Corp., et al. Stand-alone Admin. Proc. 

In the Matter of DE Acquisition 5, Inc., et al. Stand-alone Admin. Proc. 

In the Matter of Map IV Acquisition, Inc., et al. Stand-alone Admin. Proc. 

In the Matter of Elsinore Capital II, Ltd., et al. Stand-alone Admin. Proc. 

In the Matter of Natural Resources Corporation Stand-alone Admin. Proc. 

In the Matter of Joseph Denard Reid 

(a/k/a Reid Joseph Denard), et al. Stand-alone Admin. Proc. 

In the Matter of eCareer Holdings, Inc. Stand-alone Admin. Proc. 

In the Matter of Geo Global Group Ltd. 

(f/k/a Geo Genesis Group, Ltd.) Stand-alone Admin. Proc. 

In the Matter of Concertsbyu.Com, Inc., et al. Stand-alone Admin. Proc. 

In the Matter of Rings To Dine For, Inc. Stand-alone Admin. Proc. 

In the Matter of Clubhouse Videos, Inc., et al. Stand-alone Admin. Proc. 

In the Matter of Lenco Mobile, Inc. Stand-alone Admin. Proc. 

In the Matter of Expleo Solutions, Inc., et al. Stand-alone Admin. Proc. 

In the Matter of Mondeo Investments, Inc., et al. Stand-alone Admin. Proc. 

In the Matter of CelLynx Group, Inc., et al. Stand-alone Admin. Proc. 

In the Matter of Gold Hills Mining, Ltd., et al. Stand-alone Admin. Proc. 

In the Matter of Coyote Resources, Inc., et al. Stand-alone Admin. Proc. 

In the Matter of Pioneer Exploration, Inc., et al. Stand-alone Admin. Proc. 

In the Matter of EQCO2, Inc., et al. Stand-alone Admin. Proc. 

In the Matter of Giant Resources, Inc., et al. Stand-alone Admin. Proc. 

In the Matter of GroveWare Technologies, Ltd., et al. Stand-alone Admin. Proc. 

In the Matter of Li-Ion Motors Corp. 

(a/k/a Terra Inventions Corp.), et al. Stand-alone Admin. Proc. 

In the Matter of Bodisen Biotech, Inc., et al. Stand-alone Admin. Proc. 

In the Matter of Dragon Bright Mintai 

Botanical Technology Cayman Ltd., et al. Stand-alone Admin. Proc. 

In the Matter of China Unistone Acquisition Corp., et al. Stand-alone Admin. Proc. 

In the Matter of Greenpower International Group, Ltd., et al. Stand-alone Admin. Proc. 

In the Matter of China VantagePoint Acquisition Co., et al. Stand-alone Admin. Proc. 

In the Matter of Eric B. Global Ventures, Inc., et al. Stand-alone Admin. Proc. 

In the Matter of Advanced Life Sciences Holdings, Inc., et al. Stand-alone Admin. Proc. 

In the Matter of Cascade Technologies Corp., et al. Stand-alone Admin. Proc. 

In the Matter of MIT Holding, Inc. Stand-alone Admin. Proc. 

In the Matter of Essential Telecommunications, Inc., et al. Stand-alone Admin. Proc. 

In the Matter of Galileo Petroleum, Ltd., et al. Stand-alone Admin. Proc. 

In the Matter of Caspian International Oil Corporation, et al. Stand-alone Admin. Proc. 

In the Matter of Coastal Pacific Mining Corp., et al. Stand-alone Admin. Proc. 

In the Matter of Rebornne (USA), Inc. Stand-alone Admin. Proc. 

In the Matter of Longwei Petroleum Investment Holding Limited Stand-alone Admin. Proc. 

In the Matter of Easy Health Technologies, Ltd., et al. Stand-alone Admin. Proc. 

In the Matter of Breitling Energy Corporation Stand-alone Admin. Proc. 

In the Matter of HII Technologies, Inc. Stand-alone Admin. Proc. 

34-77132 

34-77167 

34-77166 

34-77227 

34-77788 

34-77238 

34-77237 

34-77260 

34-77273 

34-77272 

34-77278 

34-77313 

34-77326 

34-77397 

34-77467 

34-77496 

34-77482 

34-77544 

34-77622 

34-77670 

34-77672 

34-77741 

34-77739 

34-77760 

34-77762 

34-77806 

34-77805 

34-77866 

34-77868 

34-77893 

34-77894 

34-77953 

34-78022 

34-78073 

34-78070 

34-78068 

34-78092 

34-78115 

34-78138 

34-78136 

34-78140 

34-78159 

34-78258 

34-78288 

34-78307 

02/12/16

02/17/16

02/17/16

02/24/16

02/24/16

02/25/16

02/25/16

03/01/16

03/02/16

03/02/16

03/03/16

03/08/16

03/08/16

03/17/16

03/29/16

03/31/16

03/31/16

04/06/16

04/14/16

04/21/16

04/21/16

04/29/16

04/29/16

05/04/16

05/04/16

05/11/16

05/11/16

05/20/16

05/20/16

05/24/16

05/24/16

05/31/16

06/08/16

06/15/16

06/15/16

06/15/16

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06/23/16

06/23/16

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07/13/16

9
Case Name Type of Action Release No. Date Filed

In the Matter of Franklin Bank Corporation Stand-alone Admin. Proc. 34-78349 07/15/16

In the Matter of Algorex Corporation, et al. Stand-alone Admin. Proc. 34-78362 07/19/16

In the Matter of Great Basin Gold Limited Stand-alone Admin. Proc. 34-78363 07/19/16

In the Matter of Scanner Technologies Corp., et al. Stand-alone Admin. Proc. 34-78366 07/20/16

In the Matter of Capitol City Bancshares, Inc., et al. Stand-alone Admin. Proc. 34-78507 08/09/16

In the Matter of Ameralink, Inc., et al. Stand-alone Admin. Proc. 34-78539 08/10/16

In the Matter of Dominion Minerals Corp., et al. Stand-alone Admin. Proc. 34-78538 08/10/16

In the Matter of Eastland Financial Corp., et al. Stand-alone Admin. Proc. 34-78540 08/10/16

In the Matter of Dynamic Ventures Corp. Stand-alone Admin. Proc. 34-78563 08/12/16

In the Matter of Safecode Drug Technologies Corp. Stand-alone Admin. Proc. 34-78561 08/12/16

In the Matter of Triumph Ventures Corp. Stand-alone Admin. Proc. 34-78562 08/12/16

In the Matter of Global Earth Energy, Inc. Stand-alone Admin. Proc. 34-78624 08/22/16

In the Matter of Fairfield Minerals, Ltd., et al. Stand-alone Admin. Proc. 34-78722 08/30/16

In the Matter of Ilio, Inc., et al. Stand-alone Admin. Proc. 34-78723 08/30/16

In the Matter of Grace Development, Inc., et al. Stand-alone Admin. Proc. 34-78734 08/31/16

In the Matter of Multi-Corp. International, Inc., et al. Stand-alone Admin. Proc. 34-78732 08/31/16

In the Matter of Affordable Green Homes International, et al. Stand-alone Admin. Proc. 34-78858 09/16/16

In the Matter of All Energy Corp., et al. Stand-alone Admin. Proc. 34-78857 09/16/16

In the Matter of Bluforest, Inc. Stand-alone Admin. Proc. 34-78891 09/20/16

In the Matter of AIC International Resources Corp., et al. Stand-alone Admin. Proc. 34-78903 09/22/16

In the Matter of Amarillo Mesquite Grill, Inc., et al. Stand-alone Admin. Proc. 34-78904 09/22/16

In the Matter of Capital Preferred Yield Fund-III, LP, et al. Stand-alone Admin. Proc. 34-78905 09/22/16

In the Matter of Medient Studios, Inc. 

a/k/a Moon River Studios, Inc. Stand-alone Admin. Proc. 34-78923 09/23/16

In the Matter of Accel Brands, Inc. Stand-alone Admin. Proc. 34-78933 09/26/16

In the Matter of Cantab Pharmaceuticals PLC, et al. Stand-alone Admin. Proc. 34-78970 09/28/16

In the Matter of Telestone Technologies Corp., et al. Stand-alone Admin. Proc. 34-78971 09/28/16

In the Matter of Sierra Resource Group, Inc. Stand-alone Admin. Proc. 34-78973 09/29/16

Foreign Corrupt Practices Act 

In the Matter of Bristol-Myers Squibb Company Stand-alone Admin. Proc. 34-76073 10/05/15

In the Matter of SAP SE Stand-alone Admin. Proc. 34-77005 02/01/16

In the Matter of Ignacio Cueto Plaza Stand-alone Admin. Proc. 34-77057 02/04/16

In the Matter of SciClone Pharmaceuticals, Inc. Stand-alone Admin. Proc. 34-77058 02/04/16

In the Matter of PTC, Inc. Stand-alone Admin. Proc. 34-77145 02/16/16

SEC v. VimpelCom, Ltd. Civil 2016-34 02/18/16

In the Matter of Qualcomm Incorporated Stand-alone Admin. Proc. 34-77261 03/01/16

In the Matter of Mikhail Gourevitch Stand-alone Admin. Proc. 34-77288 03/03/16

In the Matter of Nordion (Canada), Inc. Stand-alone Admin. Proc. 34-77290 03/03/16

In the Matter of Novartis AG Stand-alone Admin. Proc. 34-77431 03/23/16

In the Matter of Las Vegas Sands Corp. Stand-alone Admin. Proc. 34-77555 04/07/16

In the Matter of Analogic Corporation, et al. Stand-alone Admin. Proc. 34-78113 06/21/16

In the Matter of Johnson Controls, Inc. Stand-alone Admin. Proc. 34-78287 07/11/16

In the Matter of LAN Airlines S.A. Stand-alone Admin. Proc. 34-78402 07/25/16

In the Matter of Key Energy Services, Inc. Stand-alone Admin. Proc. 34-78558 08/11/16

In the Matter of AstraZeneca PLC Stand-alone Admin. Proc. 34-78730 08/30/16

In the Matter of Jun Ping Zhang Stand-alone Admin. Proc. 34-78825 09/13/16

In the Matter of Nu Skin Enterprises, Inc. Stand-alone Admin. Proc. 34-78884 09/20/16

In the Matter of Anheuser-Busch InBev SA/NV Stand-alone Admin. Proc. 34-78957 09/28/16

10
Case Name Type of Action Release No. Date Filed

In the Matter of Och-Ziff Capital Management Group, LLC, et al. Stand-alone Admin. Proc. 34-78989 09/29/16

In the Matter of GlaxoSmithKline plc Stand-alone Admin. Proc. 34-79005 09/30/16

Insider Trading

SEC v. Oscar Wu Civil LR-23380 10/07/15

SEC v. Francis J. van Steenberge, et al. Civil LR-23385 10/09/15

SEC v. Vlad B. Spivak, et al. Civil LR-23398 11/02/15

SEC v. Zhichen Zhou, et al. Civil LR-23403 11/09/15

SEC v. Steven C. Watson Civil LR-23408 11/17/15

SEC v. Yue Han, et al. Civil 2015-267 11/24/15

In the Matter of Eric E. Shear Stand-alone Admin. Proc. 34-76695 12/18/15

In the Matter of Danny E. Carpenter, et al. Stand-alone Admin. Proc. 34-76741 12/22/15

In the Matter of Vivian S. Shields Stand-alone Admin. Proc. 34-76818 01/04/16

In the Matter of Reid A. Hackney, CPA Stand-alone Admin. Proc. 34-76879 01/12/16

SEC v. Dennis W. Hamilton Civil 2016-24 02/05/16

SEC v. Robert M. Munakash, et al. Civil LR-23460 02/05/16

In the Matter of Jarrod L. Spector Stand-alone Admin. Proc. 34-77094 02/09/16

In the Matter of Abdallah Fadel Stand-alone Admin. Proc. 34-77109 02/10/16

In the Matter of Nicholas A. Prezioso Stand-alone Admin. Proc. 34-77185 02/19/16

In the Matter of Lawrence M. Gincel Stand-alone Admin. Proc. 34-77258 03/01/16

In the Matter of Patricia Zajick Metzler, et al. Stand-alone Admin. Proc. 34-77257 03/01/16

In the Matter of Craig N. Salamone Stand-alone Admin. Proc. 34-77259 03/01/16

SEC v. Jay Y. Fung Civil LR-23483 03/09/16

In the Matter of Eric J. Wolff Stand-alone Admin. Proc. 34-77383 03/16/16

SEC v. John E. Hardy, III Civil LR-23492 03/18/16

SEC v. John Afriyie, et al. Civil LR-23519 04/13/16

SEC v. Peter D. Nunan Civil LR-23558 05/02/16

SEC v. William T. Walters, et al. Civil 2016-92 05/19/16

SEC v. Steven V. McClatchey, et al. Civil LR-23552 05/31/16

SEC v. Michael J. Maciocio, et al. Civil LR-23561 06/03/16

SEC v. Guolin Ma Civil LR-23564 06/09/16

SEC v. Schultz Chan Civil None 06/14/16

SEC v. Christopher Plaford Civil 2016-119 06/15/16

SEC v. Sanjay Valvani, et al. Civil 2016-119 06/15/16

SEC v. Christopher Salis, et al. Civil LR-23571 06/16/16

SEC v. James S. Hannon Civil LR-23574 06/20/16

SEC v. Andrew F. Kerr Civil LR-23586 06/29/16

SEC v. Thomas W. Avent, Jr., et al. Civil LR-23593 07/07/16

In the Matter of Yi Chen, CPA Stand-alone Admin. Proc. 34-78413 07/26/16

SEC v. Edward J. Kosinski Civil LR-23611 08/04/16

SEC v. Paul T. Rampoldi, et al. Civil LR-23619 08/11/16

SEC v. Leon G. Cooperman, et al. Civil 2016-189 09/21/16

SEC v. Colin Whelehan, et al. Civil LR-23652 09/22/16

In the Matter of Frank P. Barucci Stand-alone Admin. Proc. 34-78938 09/26/16

In the Matter of Frank S. Barucci Stand-alone Admin. Proc. 34-78937 09/26/16

In the Matter of Syed A. Hashim Stand-alone Admin. Proc. 34-78940 09/26/16

In the Matter of Vijay S. Rajan Stand-alone Admin. Proc. 34-78939 09/26/16

SEC v. Nino Coppero del Valle, et al. Civil LR-23660 09/28/16

SEC v. Robert Gadimian Civil LR-23662 09/29/16

11
Case Name Type of Action Release No. Date Filed

Investment Advisors/Investment Companies

In the Matter of Arthur F. Jacob, CPA, et al. Stand-alone Admin. Proc. 34-76079 10/05/15

In the Matter of Blackstone Management Partners, LLC, et al. Stand-alone Admin. Proc. IA-4219 10/07/15

In the Matter of Wolverine Trading, LLC, et al. Stand-alone Admin. Proc. 34-76109 10/08/15

In the Matter of James T. Budden, et al. Stand-alone Admin. Proc. IA-4225 10/13/15

In the Matter of James A. Evans, Jr. Follow-on Admin. Proc. IA-4226 10/13/15

SEC v. Lonny S. Bernath Civil LR-23387 10/13/15

In the Matter of UBS Willow Management LLC, et al. Stand-alone Admin. Proc. 33-9964 10/19/15

SEC v. Michael Donnelly Civil 2015-242 10/19/15

In the Matter of Paul Lee Moore Follow-on Admin. Proc. IA-4234 10/20/15

In the Matter of Evelyn Litwok Follow-on Admin. Proc. IA-4235 10/21/15

In the Matter of Retirement Investment Advisors, Inc. Stand-alone Admin. Proc. 34-76218 10/21/15

In the Matter of Garfield M. Taylor Follow-on Admin. Proc. 34-76243 10/22/15

In the Matter of James N. Fry Follow-on Admin. Proc. IA-4242 10/26/15

In the Matter of National Asset Management, Inc. Stand-alone Admin. Proc. 34-76264 10/26/15

In the Matter of Robert Burton Follow-on Admin. Proc. IA-4244 10/27/15

In the Matter of John D’Auria Follow-on Admin. Proc. 34-76280 10/27/15

In the Matter of Gary M. Arford Stand-alone Admin. Proc. 34-76287 10/28/15

SEC v. Summit Trust Company, et al. Civil LR-23393 10/28/15

In the Matter of Sean M. Meadows Follow-on Admin. Proc. 34-76304 10/29/15

In the Matter of Jonathan Warren Brooks Follow-on Admin. Proc. 34-76328 11/02/15

In the Matter of James Michael Murray Follow-on Admin. Proc. IA-4252 11/02/15

In the Matter of Fenway Partners, LLC, et al. Stand-alone Admin. Proc. IA-4253 11/03/15

In the Matter of Scott A. Doak Stand-alone Admin. Proc. 33-9976 11/04/15

In the Matter of Lonny S. Bernath Follow-on Admin. Proc. IA-4257 11/05/15

In the Matter of Cherokee Investment Partners, LLC, et al. Stand-alone Admin. Proc. IA-4258 11/05/15

In the Matter of George Charles Cody Price Follow-on Admin. Proc. IA-4259 11/05/15

In the Matter of Metis Wealth Advisors, LLC, et al. Stand-alone Admin. Proc. 34-76432 11/12/15

In the Matter of George P. Brown Follow-on Admin. Proc. IA-4264 11/13/15

In the Matter of Oscar Wu Follow-on Admin. Proc. IA-4265 11/13/15

In the Matter of Virtus Investment Advisers, Inc. Stand-alone Admin. Proc. IA-4266 11/16/15

In the Matter of Chris Yoo Follow-on Admin. Proc. IA-4267 11/16/15

In the Matter of FCG Advisors, LLC Stand-alone Admin. Proc. IA-4268 11/17/15

In the Matter of Thomas A. Kolbe Stand-alone Admin. Proc. IA-4269 11/17/15

In the Matter of Christopher R. Kelly, Esq. Follow-on Admin. Proc. 34-76477 11/19/15

In the Matter of Cranshire Capital Advisors, LLC Stand-alone Admin. Proc. IA-4277 11/23/15

In the Matter of JH Partners, LLC Stand-alone Admin. Proc. IA-4276 11/23/15

In the Matter of Alpha Fiduciary, Inc., et al. Stand-alone Admin. Proc. IA-4283 11/30/15

In the Matter of Michael L. Shea Stand-alone Admin. Proc. 34-76528 11/30/15

In the Matter of John Michael Babiarz Follow-on Admin. Proc. IA-4288 12/08/15

In the Matter of Peter J. Eichler, Jr. Follow-on Admin. Proc. 34-76635 12/14/15

SEC v. Atlantic Asset Management, LLC Civil 2015-280 12/15/15

In the Matter of Owen Li, et al. Stand-alone Admin. Proc. 33-9991 12/16/15

SEC v. Martin Shkreli, et al. Civil LR-23433 12/17/15

In the Matter of JPMorgan Chase Bank, N.A., et al. Stand-alone Admin. Proc. 33-9992 12/18/15

In the Matter of David A. Bryson Follow-on Admin. Proc. IA-4300 12/22/15

In the Matter of Bart C. Gutekunst Follow-on Admin. Proc. IA-4301 12/22/15

In the Matter of Morgan Stanley

Investment Management Inc., et al. Stand-alone Admin. Proc. 33-9998 12/22/15

12
Case Name Type of Action Release No. Date Filed

In the Matter of Richard Pereira, CPA Follow-on Admin. Proc. IA-4302 12/22/15

In the Matter of Shreyans Desai Follow-on Admin. Proc. 34-76838 01/05/16

In the Matter of Richard M. Higgins Follow-on Admin. Proc. 34-76878 01/12/16

In the Matter of Hudson Capital Partners Corporation Follow-on Admin. Proc. IA-4312 01/13/16

In the Matter of Rahfco Management Group, LLC Follow-on Admin. Proc. 34-76885 01/13/16

In the Matter of Everhart Financial Group, Inc., et al. Stand-alone Admin. Proc. 34-76897 01/14/16

In the Matter of Invent Ventures, Inc., et al. Stand-alone Admin. Proc. 34-76916 01/14/16

In the Matter of Equinox Fund Management, LLC Stand-alone Admin. Proc. 33-10004 01/19/16

In the Matter of Moazzam “Mark” Malik Follow-on Admin. Proc. IA-4357 01/27/16

In the Matter of Peter Kuperman, et al. Stand-alone Admin. Proc. 33-10009 01/28/16

In the Matter of Jason Bo-Alan Beckman Follow-on Admin. Proc. 34-77017 02/02/16

In the Matter of Michael Donnelly Follow-on Admin. Proc. 34-77052 02/04/16

In the Matter of Louis V. Schooler Follow-on Admin. Proc. 34-77134 02/12/16

SEC v. Wade James Lawrence Civil LR-23467 02/16/16

In the Matter of Cantella & Co. Stand-alone Admin. Proc. IA-4338 02/23/16

In the Matter of David S. Lee, Esq., CPA Follow-on Admin. Proc. 34-77224 02/24/16

In the Matter of Emanuel L. Sarris, Sr. Follow-on Admin. Proc. IA-4343 02/24/16

In the Matter of Marco Investment Management, LLC, et al. Stand-alone Admin. Proc. IA-4348 03/02/16

In the Matter of Royal Alliance Associates, Inc., et al. Stand-alone Admin. Proc. 34-77362 03/14/16

SEC v. John V. Bivona, et al. Civil LR-23501 03/22/16

In the Matter of Christopher M. Gibson Stand-alone Admin. Proc. 34-77466 03/29/16

In the Matter of Burrill Capital Management, LLC, et al. Stand-alone Admin. Proc. 34-77473 03/30/16

SEC v. Joseph Andrew Paul, et al. Civil LR-23510 04/01/16

In the Matter of Alexander R. Bastron Stand-alone Admin. Proc. 34-77528 04/05/16

In the Matter of Cambridge Investment Research Advisors, Inc. Stand-alone Admin. Proc. IA-4361 04/05/16

In the Matter of Daniel Rivera Follow-on Admin. Proc. IA-4363 04/05/16

In the Matter of Jabari W. Ragas Follow-on Admin. Proc. 34-77566 04/08/16

In the Matter of Paul Leon White, II Follow-on Admin. Proc. 34-77630 04/15/16

In the Matter of Bruce A. Hartshorn Stand-alone Admin. Proc. 34-77648 04/19/16

In the Matter of TPG Advisors, LLC d/b/a 

The Phillips Group Advisors, et al. Stand-alone Admin. Proc. 34-77649 04/19/16

In the Matter of Daniel N. Ginsparg Stand-alone Admin. Proc. IA-4374 04/20/16

In the Matter of Joann Jackson Follow-on Admin. Proc. 34-77663 04/20/16

In the Matter of Roger S. Bliss Follow-on Admin. Proc. IA-4379 04/27/16

In the Matter of Professional Invesment Management, Inc. Follow-on Admin. Proc. IA-4378 04/27/16

SEC v. Louis Martin Blazer, III Civil LR-23534 05/06/16

In the Matter of David Brochu Follow-on Admin. Proc. IA-4384 05/09/16

In the Matter of James A. Winkelmann, Sr., et al. Stand-alone Admin. Proc. 33-10080 05/19/16

SEC v. Ash Narayan, et al. Civil LR-23579 05/24/16

In the Matter of Jacqueline J. Stanfill Follow-on Admin. Proc. IA-4394 05/26/16

In the Matter of Biscayne Capital International, LLC, et al. Stand-alone Admin. Proc. IA-4399 05/27/16

In the Matter of Federated Global 

Investment Management Corp. Stand-alone Admin. Proc. IA-4401 05/27/16

In the Matter of Steven R. Markusen, et al. Follow-on Admin. Proc. IA-4406 05/31/16

SEC v. Hope Advisors, LLC, et al. Civil LR-23551 05/31/16

SEC v. Momentum Investment Partners, LLC 

(d/b/a Avatar Investment Management) et al. Civil LR-23549 05/31/16

In the Matter of Blackstreet Capital Management, LLC, et al. Stand-alone Admin. Proc. 34-77959 06/01/16

In the Matter of James Caird Asset Management, LLP, et al. Stand-alone Admin. Proc. IA-4413 06/02/16

13
Case Name Type of Action Release No. Date Filed

SEC v. Kingdom Legacy General Partner, LLC, et al. Civil LR-23560 06/07/16

In the Matter of Daniel Thibeault Follow-on Admin. Proc. IA-4419 06/10/16

In the Matter of The Bank of New York Mellon Stand-alone Admin. Proc. 40-32151 06/13/16

In the Matter of Alan H. Gold Follow-on Admin. Proc. IA-4422 06/14/16

In the Matter of Richard W. Davis, Jr. Follow-on Admin. Proc. IA-4423 06/15/16

SEC v. Stefan Lumiere Civil 2016-119 06/15/16

In the Matter of Apex Fund Services (US), Inc. Stand-alone Admin. Proc. IA-4428 06/16/16

In the Matter of Apex Fund Services (US), Inc. Stand-alone Admin. Proc. IA-4429 06/16/16

In the Matter of Simpson Hughes Financial, LLC, et al. Stand-alone Admin. Proc. 34-78128 06/22/16

In the Matter of Ross, Sinclaire & Associates, LLC, et al. Stand-alone Admin. Proc. 34-78147 06/23/16

In the Matter of Jan E. Helen Stand-alone Admin. Proc. 33-10108 06/28/16

In the Matter of WFG Advisors, LP Stand-alone Admin. Proc. 34-78189 06/28/16

In the Matter of Lee D. Weiss Follow-on Admin. Proc. 34-78197 06/29/16

In the Matter of Blair D. Ackman, CPA Follow-on Admin. Proc. 34-78273 07/11/16

In the Matter of Alicia M. Diaz, Esq. Follow-on Admin. Proc. 34-78274 07/11/16

In the Matter of William Emery Matthews Follow-on Admin. Proc. IA-4449 07/11/16

In the Matter of Gavin L. Hamels Follow-on Admin. Proc. 34-78322 07/14/16

In the Matter of RiverFront Investment Group, LLC Stand-alone Admin. Proc. IA-4453 07/14/16

SEC v. Thomas D. Conrad, Jr., et al. Civil LR-23597 07/15/16

In the Matter of Advantage Investment Management, LLC Stand-alone Admin. Proc. IA-4455 07/18/16

In the Matter of Washington Wealth Management, LLC Stand-alone Admin. Proc. IA-4456 07/18/16

In the Matter of Saving2Retire, LLC, et al. Stand-alone Admin. Proc. IA-4457 07/19/16

In the Matter of Concert Global Group Limited, et al. Stand-alone Admin. Proc. 33-10113 07/21/16

In the Matter of Louis Martin Blazer, III Follow-on Admin. Proc. IA-4465 07/28/16

In the Matter of Alison, LLC, et al. Stand-alone Admin. Proc. 34-78457 08/02/16

In the Matter of Perry S. Sawano Follow-on Admin. Proc. IA-4473 08/09/16

In the Matter of Brad R. Hawkins Follow-on Admin. Proc. IA-4478 08/10/16

In the Matter of Island Trader, LLC, et al. Follow-on Admin. Proc. 34-78537 08/10/16

In the Matter of Randall W. McKee Follow-on Admin. Proc. IA-4479 08/11/16

SEC v. Matrix Capital Markets, LLC, et al. Civil 2016-161 08/11/16

In the Matter of Fortius Financial Advisors, LLC, et al. Stand-alone Admin. Proc. IA-4483 08/15/16

In the Matter of Donald F. (“Jay”) Lathen, et al. Stand-alone Admin. Proc. 33-10120 08/15/16

In the Matter of Anthony Tyrone Jones, Jr. Follow-on Admin. Proc. IA-4488 08/16/16

In the Matter of Michael J. Oppenheim Follow-on Admin. Proc. 34-78591 08/16/16

In the Matter of Paul J. Jackson Follow-on Admin. Proc. IA-4490 08/17/16

In the Matter of Apollo Management V, LP, et al. Stand-alone Admin. Proc. IA-4493 08/23/16

In the Matter of WL Ross & Co., LLC Stand-alone Admin. Proc. IA-4494 08/24/16

In the Matter of AssetMark, Inc. 

(f/k/a Genworth Financial Wealth Management, Inc.) Stand-alone Admin. Proc. IA-4508 08/25/16

In the Matter of Banyan Partners, LLC Stand-alone Admin. Proc. IA-4499 08/25/16

In the Matter of BB&T Securities, LLC Stand-alone Admin. Proc. IA-4506 08/25/16

In the Matter of Congress Wealth Management, LLC Stand-alone Admin. Proc. IA-4507 08/25/16

In the Matter of Constellation Wealth Advisors, LLC Stand-alone Admin. Proc. IA-4505 08/25/16

In the Matter of Executive Monetary Management, LLC Stand-alone Admin. Proc. IA-4503 08/25/16

In the Matter of HT Partners, LLC Stand-alone Admin. Proc. IA-4500 08/25/16

In the Matter of J.J.B. Hilliard, W.L. Lyons, LLC Stand-alone Admin. Proc. IA-4502 08/25/16

In the Matter of Ladenburg Thalmann Asset Management, Inc. Stand-alone Admin. Proc. IA-4501 08/25/16

In the Matter of Orinda Asset Management, LLC Stand-alone Admin. Proc. IA-4513 08/25/16

In the Matter of Prospera Financial Services, Inc. Stand-alone Admin. Proc. IA-4498 08/25/16

14
Case Name Type of Action Release No. Date Filed

In the Matter of Risk Paradigm Group, LLC Stand-alone Admin. Proc. IA-4504 08/25/16

In the Matter of Schneider Downs Wealth 

Management Advisors, LP Stand-alone Admin. Proc. IA-4497 08/25/16

In the Matter of Shamrock Asset Management, LLC Stand-alone Admin. Proc. IA-4496 08/25/16

In the Matter of David Kayatta Follow-on Admin. Proc. IA-4517 08/31/16

In the Matter of Paul Mata Follow-on Admin. Proc. 34-78736 08/31/16

In the Matter of Mario Pincheira Follow-on Admin. Proc. IA-4516 08/31/16

In the Matter of Raymond James & Associates, Inc. Stand-alone Admin. Proc. IA-4525 09/08/16

In the Matter of Robert W. Baird & Co. Incorporated Stand-alone Admin. Proc. IA-4526 09/08/16

SEC v. Charles A. Banks, IV Civil LR-23642 09/09/16

In the Matter of First Reserve Management, LP Stand-alone Admin. Proc. IA-4529 09/14/16

In the Matter of Aviva Investors Americas, LLC Stand-alone Admin. Proc. IA-4534 09/23/16

In the Matter of Jan Gleisner, et al. Stand-alone Admin. Proc. IA-4537 09/28/16

SEC v. Peter R. Kohli, et al. Civil LR-23659 09/28/16

In the Matter of Sheren Tsai Follow-on Admin. Proc. IA-4539 09/29/16

In the Matter of Colin Whelehan Follow-on Admin. Proc. IA-4538 09/29/16

SEC v. Nicholas S. Savva Civil LR-23661 09/29/16

In the Matter of Moloney Securities Co., Inc., et al. Stand-alone Admin. Proc. 34-79003 09/30/16

SEC v. Ikenna Ikokwu, et al. Civil LR-23670 09/30/16

Issuer Reporting and Disclosure

In the Matter of Grant Thornton Audit Pty Limited Stand-alone Admin. Proc. 34-76066 10/01/15

In the Matter of Grant Thornton India, LLP Stand-alone Admin. Proc. 34-76065 10/01/15

In the Matter of Home Loan Servicing Solutions, Ltd. Stand-alone Admin. Proc. 34-76074 10/05/15

SEC v. Arthur F. Knapp, Jr. Civil LR-23379 10/06/15

SEC v. Ryan Petersen Civil LR-23379 10/06/15

In the Matter of Nicholas Toms, Esq. Follow-on Admin. Proc. 34-76195 10/19/15

In the Matter of Arthur F. Knapp, Jr., CPA Follow-on Admin. Proc. 34-76250 10/23/15

In the Matter of The St. Joe Company, et al. Stand-alone Admin. Proc. 33-9967 10/27/15

In the Matter of Larry D. Liberfarb, P.C. Stand-alone Admin. Proc. 34-76401 11/09/15

In the Matter of Standard Bank Plc Stand-alone Admin. Proc. 33-9981 11/30/15

In the Matter of Grant Thornton, LLP Stand-alone Admin. Proc. 34-76536 12/02/15

In the Matter of Melissa K. Koeppel, CPA, et al. Stand-alone Admin. Proc. 34-76537 12/02/15

In the Matter of Robin L. Bigalke, CPA Stand-alone Admin. Proc. 34-76610 12/10/15

In the Matter of Richard Confessore, CPA Stand-alone Admin. Proc. 34-76609 12/10/15

In the Matter of DKM Certified Public Accountants, Inc., et al. Stand-alone Admin. Proc. 34-76608 12/10/15

In the Matter of Peter Messineo, CPA, et al. Stand-alone Admin. Proc. 34-76607 12/10/15

In the Matter of Joseph E. Mohr, CPA Stand-alone Admin. Proc. 34-76611 12/10/15

In the Matter of Charles Loveless, CPA Stand-alone Admin. Proc. 34-76633 12/14/15

In the Matter of Michael McKenna, CPA Stand-alone Admin. Proc. 34-76634 12/14/15

In the Matter of Blue Mountain Eco Tours, Inc. Stand-alone Admin. Proc. 33-9995 12/21/15

In the Matter of Scription Work Solutions, Inc. 

(f/k/a Transtech Solutions, Inc.) Stand-alone Admin. Proc. 33-9994 12/21/15

In the Matter of Spicer Jeffries, LLP Stand-alone Admin. Proc. 34-76734 12/22/15

SEC v. Charles S. Bailey, et al. Civil 2016-7 01/13/16

In the Matter of Ocwen Financial Corp. Stand-alone Admin. Proc. 34-76938 01/20/16

In the Matter of BioElectronics Corp., et al. Stand-alone Admin. Proc. 33-10036 02/05/16

In the Matter of Monsanto Company, et al. Stand-alone Admin. Proc. 33-10037 02/09/16

In the Matter of Frazer Frost, LLP, et al. Stand-alone Admin. Proc. 33-10039 02/11/16

15
Case Name Type of Action Release No. Date Filed

In the Matter of Julieta Favela Barcenas Stand-alone Admin. Proc. 34-77162 02/17/16

In the Matter of Donald J. Glidewell, CPA Stand-alone Admin. Proc. 34-77161 02/17/16

SEC v. Hector M. Absi, Jr. Civil 2016-32 02/17/16

SEC v. Marrone Bio Innovations, Inc. Civil 2016-32 02/17/16

In the Matter of Timothy Quintanilla, CPA Follow-on Admin. Proc. 34-77231 02/25/16

SEC v. Reed J. Killion, et al. Civil LR-23484 03/09/16

In the Matter of Joseph R. Allred, CPA Stand-alone Admin. Proc. 34-77342 03/10/16

In the Matter of Wayne Gray, CPA Stand-alone Admin. Proc. 34-77343 03/10/16

In the Matter of David S. Krueger, CPA Stand-alone Admin. Proc. 34-77344 03/10/16

In the Matter of Magnum Hunter Resources Corporation Stand-alone Admin. Proc. 34-77345 03/10/16

In the Matter of Ronald D. Ormand Stand-alone Admin. Proc. 34-77346 03/10/16

SEC v. RVPlus, Inc., et al. Civil LR-23489 03/14/16

In the Matter of ModusLink Global Solutions, Inc., et al. Stand-alone Admin. Proc. 33-10055 03/15/16

In the Matter of Elliot R. Berman, CPA, et al. Stand-alone Admin. Proc. 34-77447 03/25/16

SEC v. Aveo Pharmaceuticals Inc., et al. Civil LR-23503 03/29/16

In the Matter of Navistar International Corporation Stand-alone Admin. Proc. 33-10061 03/31/16

SEC v. Daniel Ustian Civil LR-23507 03/31/16

In the Matter of William H. Caughran, Esq. Follow-on Admin. Proc. 34-77531 04/05/16

In the Matter of James A. White Follow-on Admin. Proc. 34-77532 04/05/16

In the Matter of Thakkar CPA, PLLC, et al. Stand-alone Admin. Proc. 34-77542 04/06/16

In the Matter of INTL FCStone, Inc. Stand-alone Admin. Proc. 34-77596 04/12/16

SEC v. Erik K. Bardman, et al. Civil LR-23523 04/18/16

In the Matter of Ener1, Inc., et al. Stand-alone Admin. Proc. 33-10068 04/19/16

In the Matter of Robert D. Hesselgesser, CPA Stand-alone Admin. Proc. 34-77646 04/19/16

In the Matter of Logitech International, S.A., et al. Stand-alone Admin. Proc. 34-77644 04/19/16

In the Matter of Laura P. Messenbaugh, CPA Follow-on Admin. Proc. 34-77657 04/20/16

In the Matter of Cabela’s Incorporated, et al. Stand-alone Admin. Proc. 34-77717 04/26/16

In the Matter of David S. Hall, P.C., d/b/a 

The Hall Group CPAs, et al. Stand-alone Admin. Proc. 34-77718 04/26/16

In the Matter of Santos, Postal & Company, P.C., et al. Stand-alone Admin. Proc. 34-77745 04/29/16

In the Matter of MaloneBailey, LLP, et al. Stand-alone Admin. Proc. 34-77755 05/02/16

In the Matter of Swisher Hygiene, Inc. Stand-alone Admin. Proc. 33-10081 05/24/16

SEC v. Michael J. Kipp, et al. Civil LR-23544 05/24/16

SEC v. John Pierrard Civil LR-23544 05/24/16

In the Matter of American Registrar & Transfer Company, et al. Stand-alone Admin. Proc. 33-10082 05/25/16

SEC v. First Mortgage Corporation, Inc., et al. Civil LR-23553 05/31/16

In the Matter of Jane E. Starrett, CPA Follow-on Admin. Proc. 33-10085 06/01/16

In the Matter of NuGold Resources, Inc. Stand-alone Admin. Proc. 33-10086 06/02/16

In the Matter of ZRHO Beverages, Inc. Stand-alone Admin. Proc. 33-10088 06/02/16

In the Matter of Silberstein Ungar PLLC, et al. Stand-alone Admin. Proc. 34-77997 06/06/16

In the Matter of IEC Electronics Corp., et al. Stand-alone Admin. Proc. 34-78017 06/08/16

In the Matter of ICON Capital, LLC f/k/a 

ICON Capital Corporation Stand-alone Admin. Proc. 34-78030 06/10/16

SEC v. Chris A. Faulkner, et. al. Civil LR-23582 06/24/16

SEC v. Michael P. Toups, et al. Civil LR-23584 06/27/16

In the Matter of The Phoenix Companies, Inc. Stand-alone Admin. Proc. 34-78341 07/15/16

In the Matter of EFP Rotenberg, LLP, et al. Stand-alone Admin. Proc. 34-78393 07/22/16

In the Matter of Sand International, Inc. Stand-alone Admin. Proc. 34-78430 07/27/16

SEC v. Global Digital Solutions, Inc., et al. Civil LR-23618 08/11/16

16
Case Name Type of Action Release No. Date Filed

In the Matter of John W.R. Miller Stand-alone Admin. Proc. 34-78623 08/22/16

In the Matter of Thomas Dulek, CPA Stand-alone Admin. Proc. 34-78711 08/29/16

In the Matter of RBC Capital Markets, LLC Stand-alone Admin. Proc. 34-78735 08/31/16

SEC v. Contrarian Press, LLC, et al. Civil LR-23636 09/06/16

In the Matter of William J. Sears Stand-alone Admin. Proc. 33-10212 09/08/16

SEC v. Brian S. Block, et al. Civil 2016-180 09/08/16

SEC v. RPM International Inc., et al. Civil LR-23639 09/09/16

In the Matter of Portugal Telecom, SGPS, S.A., et al. Stand-alone Admin. Proc. 34-78824 09/13/16

In the Matter of Cliffe R. Bodden Stand-alone Admin. Proc. 33-10214 09/16/16

In the Matter of Tod A. Ditommaso, Esq. Stand-alone Admin. Proc. 33-10215 09/16/16

In the Matter of Scott M. Dittman, CPA Stand-alone Admin. Proc. 33-10211 09/16/16

In the Matter of Fusion Pharm, Inc. Stand-alone Admin. Proc. 33-10210 09/16/16

In the Matter of Microcap Management LLC, et al. Stand-alone Admin. Proc. 33-10213 09/16/16

In the Matter of Ernst & Young, LLP, et al. Stand-alone Admin. Proc. 34-78872 09/19/16

In the Matter of Ernst & Young, LLP, et al. Stand-alone Admin. Proc. 34-78873 09/19/16

In the Matter of Park National Corporation Stand-alone Admin. Proc. 34-78896 09/21/16

In the Matter of Robert A. Waegelein, CPA Stand-alone Admin. Proc. 34-78897 09/21/16

SEC v. Medient Studios, Inc., et al. Civil 2016-191 09/23/16

In the Matter of Connexus Corporation Stand-alone Admin. Proc. 34-78934 09/26/16

In the Matter of Bluefire Renewables, Inc. Stand-alone Admin. Proc. 34-78955 09/27/16

In the Matter of Orrstown Financial Services, Inc., et al. Stand-alone Admin. Proc. 33-10222 09/27/16

In the Matter of Weatherford International plc, f/k/a 

Weatherford International Ltd., et al. Stand-alone Admin. Proc. 33-10221 09/27/16

SEC v. Keith Hunter Civil LR-23657 09/27/16

In the Matter of Altair Nanotechnologies, Inc. Stand-alone Admin. Proc. 34-78997 09/29/16

In the Matter of Steven M. Brazile, CPA Follow-on Admin. Proc. 34-79021 09/30/16

In the Matter of D’Arelli Pruzansky, P.A., et al. Stand-alone Admin. Proc. 34-79004 09/30/16

In the Matter of Dennis Duban, CPA Follow-on Admin. Proc. 34-79020 09/30/16

In the Matter of Elray Resources, Inc. Stand-alone Admin. Proc. 34-79011 09/30/16

In the Matter of Alan Ritter, CPA Follow-on Admin. Proc. 34-79019 09/30/16

Market Manipulation

In the Matter of Briargate Trading, LLC, et al. Stand-alone Admin. Proc. 33-9959 10/08/15

In the Matter of Auriga Global Investors, 

Sociedad de Valores, S.A. Stand-alone Admin. Proc. 34-76145 10/14/15

In the Matter of Harvest Capital Strategies, LLC Stand-alone Admin. Proc. 34-76144 10/14/15

In the Matter of J.P. Morgan Investment Management Inc. Stand-alone Admin. Proc. 34-76143 10/14/15

In the Matter of Omega Advisors, Inc. Stand-alone Admin. Proc. 34-76142 10/14/15

In the Matter of Sabby Management, LLC Stand-alone Admin. Proc. 34-76141 10/14/15

In the Matter of War Chest Capital Partners, LLC Stand-alone Admin. Proc. 34-76140 10/14/15

SEC v. James Alan Craig Civil LR-23401 11/05/15

In the Matter of Hadi Aboukhater Stand-alone Admin. Proc. 34-76399 11/09/15

In the Matter of Sandip Shah Stand-alone Admin. Proc. 34-76396 11/09/15

In the Matter of Shaileish Shah Stand-alone Admin. Proc. 34-76398 11/09/15

SEC v. Jammin’ Java Corp., et al. Civil 2015-259 11/17/15

In the Matter of Behruz Afshar, et al. Stand-alone Admin. Proc. 33-9983 12/03/15

SEC v. Jehu Hand, et al. Civil LR-23424 12/10/15

SEC v. Samuel DelPresto, et al. Civil 2015-279 12/15/15

SEC v. Edward Durante, et al. Civil LR-23434 12/18/15

17
Case Name Type of Action Release No. Date Filed

In the Matter of Diane D. Dalmy, Esq. Follow-on Admin. Proc. 34-76740 12/22/15

SEC v. Evgenii Zavodchikov, et al. Civil LR-23471 02/17/16

SEC v. Guy Gentile Civil LR-23496 03/23/16

SEC v. Tobin Smith, et al. Civil LR-23504 03/29/16

In the Matter of Steve Pappas Stand-alone Admin. Proc. 34-77525 04/05/16

SEC v. David Aubel, et al. Civil LR-23511 04/07/16

SEC v. Luke C. Zouvas, et al. Civil LR-23526 04/25/16

SEC v. Asher Z. Zwebner Civil LR-23526 04/26/16

SEC v. Richard St. Julien, et al. Civil LR-23529 05/03/16

SEC v. Nauman A. Aly Civil 2016-95 05/24/16

In the Matter of Jack H. Halperin Follow-on Admin. Proc. 34-77972 06/01/16

In the Matter of 2 West Inc., et al. Stand-alone Admin. Proc. 34-78077 06/14/16

SEC v. Idris D. Mustapha Civil LR-23580 06/22/16

In the Matter of Richard Weed, Esq. Follow-on Admin. Proc. 34-78832 09/13/16

In the Matter of Jeffrey A. Silverman, et al. Stand-alone Admin. Proc. 33-10223 09/27/16

SEC v. Louis T. Buonocore, et al. Civil LR-23668 09/29/16

SEC v. Marcus A. Luna, et al. Civil LR-23666 09/29/16

Miscellaneous 

In the Matter of William Maxwell, Esq. Follow-on Admin. Proc. 34-77462 03/28/16

SEC v. Nathanial D. Ponn Civil LR-23508 03/31/16

In the Matter of Gerry G. Zobrist, Esq. Follow-on Admin. Proc. 34-77665 04/20/16

SEC v. Jay Mac Rust, et al. Civil 2016-87 05/13/16

In the Matter of BlueLinx Holdings, Inc. Stand-alone Admin. Proc. 34-78528 08/10/16

In the Matter of Health Net, Inc. Stand-alone Admin. Proc. 34-78590 08/16/16

SEC v. Manuel E. Jesus a/k/a Manny Backus, et al. Civil LR-23645 09/13/16

In the Matter of Charles A. Koppelman Stand-alone Admin. Proc. 34-78922 09/23/16

In the Matter of Matthew T. Mellon, II Stand-alone Admin. Proc. 34-78924 09/23/16

In the Matter of David A. Paterson Stand-alone Admin. Proc. 34-78921 09/23/16

In the Matter of International Game Technology Stand-alone Admin. Proc. 34-78991 09/29/16

Natl Rec Stat Rating Org (NRSRO)

In the Matter of DBRS, Inc. Stand-alone Admin. Proc. 34-76261 10/26/15

In the Matter of Francis Parisi Stand-alone Admin. Proc. 33-10050 03/07/16

Public Finance Abuse

In the Matter of Vincent J. Debaggis Stand-alone Admin. Proc. 34-76904 01/14/16

In the Matter of State Street Bank and Trust Company Stand-alone Admin. Proc. 34-76905 01/14/16

SEC v. Robert B. Crowe Civil LR-23446 01/14/16

In the Matter of Barclays Capital, Inc. Stand-alone Admin. Proc. 33-10016 02/02/16

In the Matter of Boenning & Scattergood, Inc. Stand-alone Admin. Proc. 33-10018 02/02/16

In the Matter of D.A. Davidson & Co. Stand-alone Admin. Proc. 33-10019 02/02/16

In the Matter of First Midstate Incorporated Stand-alone Admin. Proc. 33-10017 02/02/16

In the Matter of Hilltop Securities, Inc. Stand-alone Admin. Proc. 33-10023 02/02/16

In the Matter of Janney Montgomery Scott, LLC Stand-alone Admin. Proc. 33-10022 02/02/16

In the Matter of Jefferies, LLC Stand-alone Admin. Proc. 33-10020 02/02/16

In the Matter of KeyBanc Capital Markets, Inc. Stand-alone Admin. Proc. 33-10021 02/02/16

In the Matter of Mitsubishi UFJ Securities (USA), Inc. Stand-alone Admin. Proc. 33-10026 02/02/16

18
Case Name Type of Action Release No. Date Filed

In the Matter of Municipal Capital Markets Group, Inc. Stand-alone Admin. Proc. 33-10025 02/02/16

In the Matter of Roosevelt & Cross Incorporated Stand-alone Admin. Proc. 33-10027 02/02/16

In the Matter of TD Securities (USA), LLC Stand-alone Admin. Proc. 33-10024 02/02/16

In the Matter of United Bankers’ Bank Stand-alone Admin. Proc. 33-10029 02/02/16

In the Matter of Wells Fargo Bank, N.A. 

Municipal Products Group Stand-alone Admin. Proc. 33-10028 02/02/16

In the Matter of First Southwest Company, LLC Stand-alone Admin. Proc. 34-77300 03/07/16

SEC v. Rhode Island Commerce Corporation 

(f/k/a Rhode Island Economic Development Coporation), et al. Civil LR-23480 03/07/16

In the Matter of Westlands Water District, et al. Stand-alone Admin. Proc. 33-10053 03/09/16

In the Matter of Central States Capital Markets, LLC, et al. Stand-alone Admin. Proc. 34-77369 03/15/16

SEC v. Town of Ramapo, New York, et al. Civil LR-23521 04/14/16

SEC v. Eric J. Kellogg Civil LR-23543 05/19/16

In the Matter of Keygent LLC, et al. Stand-alone Admin. Proc. 34-78053 06/13/16

In the Matter of School Business Consulting, Inc., et al. Stand-alone Admin. Proc. 34-78054 06/13/16

In the Matter of Feltl & Company, Inc. Stand-alone Admin. Proc. 34-78114 06/21/16

SEC v. Juan Rafael Rangel Civil LR-23578 06/21/16

In the Matter of Ascension Health Alliance Stand-alone Admin. Proc. 33-10129 08/24/16

In the Matter of Black Jack Fire Protection 

District of St. Louis County, Missouri Stand-alone Admin. Proc. 33-10130 08/24/16

In the Matter of Blair Oaks R-II School District, Missouri Stand-alone Admin. Proc. 33-10131 08/24/16

In the Matter of Board of Education of 

Madison County, Alabama Stand-alone Admin. Proc. 33-10132 08/24/16

In the Matter of Board of Trustees of Arkansas Tech University Stand-alone Admin. Proc. 33-10133 08/24/16

In the Matter of Borough of Roselle Park in the 

County of Union, New Jersey Stand-alone Admin. Proc. 33-10134 08/24/16

In the Matter of Boulder County, Colorado Stand-alone Admin. Proc. 33-10135 08/24/16

In the Matter of Carilion Clinic Stand-alone Admin. Proc. 33-10136 08/24/16

In the Matter of Casella Waste Systems, Inc. Stand-alone Admin. Proc. 33-10137 08/24/16

In the Matter of City of Alameda Stand-alone Admin. Proc. 33-10128 08/24/16

In the Matter of City of Alliance, Nebraska Stand-alone Admin. Proc. 33-10138 08/24/16

In the Matter of City of Andover, Kansas Stand-alone Admin. Proc. 33-10139 08/24/16

In the Matter of City of Bainbridge Island, Washington Stand-alone Admin. Proc. 33-10140 08/24/16

In the Matter of City of Cedar Rapids, Iowa Stand-alone Admin. Proc. 33-10141 08/24/16

In the Matter of City of Chelsea, Massachusetts Stand-alone Admin. Proc. 33-10142 08/24/16

In the Matter of City of Columbia, South Carolina Stand-alone Admin. Proc. 33-10143 08/24/16

In the Matter of City of Devils Lake, North Dakota Stand-alone Admin. Proc. 33-10144 08/24/16

In the Matter of City of Gary, Indiana Stand-alone Admin. Proc. 33-10145 08/24/16

In the Matter of City of Ithaca, New York Stand-alone Admin. Proc. 33-10146 08/24/16

In the Matter of City of Memphis, Tennessee Stand-alone Admin. Proc. 33-10147 08/24/16

In the Matter of City of Nichols Hills, Oklahoma Stand-alone Admin. Proc. 33-10148 08/24/16

In the Matter of City of South Bend, Indiana Stand-alone Admin. Proc. 33-10150 08/24/16

In the Matter of City of Vestavia Hills, Alabama Stand-alone Admin. Proc. 33-10151 08/24/16

In the Matter of City of West Des Moines, Iowa Stand-alone Admin. Proc. 33-10152 08/24/16

In the Matter of Collegium Charter School Stand-alone Admin. Proc. 33-10153 08/24/16

In the Matter of Colorado Department of the Treasury 

and State Treasurer on Behalf of the Colorado Department 

of Transportation Stand-alone Admin. Proc. 33-10154 08/24/16

19
Case Name Type of Action Release No. Date Filed

In the Matter of Community Unit School District 

Number 18 (Blue Ridge) Stand-alone Admin. Proc. 33-10155 08/24/16

In the Matter of County of Adams, Pennsylvania Stand-alone Admin. Proc. 33-10156 08/24/16

In the Matter of County of Berrien, Michigan Stand-alone Admin. Proc. 33-10157 08/24/16

In the Matter of Delaware Transportation Authority Stand-alone Admin. Proc. 33-10159 08/24/16

In the Matter of East Ouachita Parish School 

District of the Parish of Ouachita, State of Louisiana Stand-alone Admin. Proc. 33-10160 08/24/16

In the Matter of El Castillo Retirement Residences Stand-alone Admin. Proc. 33-10161 08/24/16

In the Matter of Electric and Water Plant Board of the 

City of Frankfort, Kentucky Stand-alone Admin. Proc. 33-10162 08/24/16

In the Matter of Fulton County, Georgia Stand-alone Admin. Proc. 33-10163 08/24/16

In the Matter of Hazleton Area School District Stand-alone Admin. Proc. 33-10165 08/24/16

In the Matter of Heber Light & Power Company, Utah Stand-alone Admin. Proc. 33-10164 08/24/16

In the Matter of Idaho Housing and Finance Association Stand-alone Admin. Proc. 33-10166 08/24/16

In the Matter of Kentucky Housing Corporation Stand-alone Admin. Proc. 33-10167 08/24/16

In the Matter of Lauderdale County, Mississippi Stand-alone Admin. Proc. 33-10168 08/24/16

In the Matter of Lawrence & Memorial Hospital, Inc., et al. Stand-alone Admin. Proc. 33-10169 08/24/16

In the Matter of Metropolitan Airport Authority of Peoria, 

Peoria County, Illinois Stand-alone Admin. Proc. 33-10170 08/24/16

In the Matter of Montgomery College Stand-alone Admin. Proc. 33-10172 08/24/16

In the Matter of Montgomery College Foundation, Inc. Stand-alone Admin. Proc. 33-10171 08/24/16

In the Matter of North Carolina Eastern Municipal Power Agency Stand-alone Admin. Proc. 33-10173 08/24/16

In the Matter of North Slope Borough, Alaska Stand-alone Admin. Proc. 33-10174 08/24/16

In the Matter of Oklahoma Housing Finance Agency Stand-alone Admin. Proc. 33-10175 08/24/16

In the Matter of Palatine Park District, Cook County, Illinois Stand-alone Admin. Proc. 33-10176 08/24/16

In the Matter of Pecos County, Texas Stand-alone Admin. Proc. 33-10177 08/24/16

In the Matter of Public Utility District No. 1 of 

Whatcom County, Washington Stand-alone Admin. Proc. 33-10178 08/24/16

In the Matter of Sanitary District of the City of Gary, Indiana Stand-alone Admin. Proc. 33-10179 08/24/16

In the Matter of Southern New Hampshire University Stand-alone Admin. Proc. 33-10180 08/24/16

In the Matter of State of Hawaii Stand-alone Admin. Proc. 33-10181 08/24/16

In the Matter of State of Minnesota Stand-alone Admin. Proc. 33-10182 08/24/16

In the Matter of State of Montana Department of Transportation Stand-alone Admin. Proc. 33-10183 08/24/16

In the Matter of Syracuse University Stand-alone Admin. Proc. 33-10184 08/24/16

In the Matter of Tea Area School District 41-5, South Dakota Stand-alone Admin. Proc. 33-10185 08/24/16

In the Matter of The City of Oconomowoc, Wisconsin Stand-alone Admin. Proc. 33-10149 08/24/16

In the Matter of The County Commission of Ohio 

County, West Virginia Stand-alone Admin. Proc. 33-10186 08/24/16

In the Matter of The County of Franklin, New York Stand-alone Admin. Proc. 33-10158 08/24/16

In the Matter of The Municipal Authority of the 

City of McKeesport Stand-alone Admin. Proc. 33-10187 08/24/16

In the Matter of The Ohio State University Stand-alone Admin. Proc. 33-10188 08/24/16

In the Matter of Thompson School District No. R2-J Stand-alone Admin. Proc. 33-10189 08/24/16

In the Matter of Town of Fairfield, Connecticut Stand-alone Admin. Proc. 33-10190 08/24/16

In the Matter of Town of Hilton Head Island, South Carolina Stand-alone Admin. Proc. 33-10191 08/24/16

In the Matter of Town of York, Maine Stand-alone Admin. Proc. 33-10192 08/24/16

In the Matter of Township of East Brunswick, New Jersey Stand-alone Admin. Proc. 33-10193 08/24/16

In the Matter of Unified School District No. 418, 

McPherson County, Kansas Stand-alone Admin. Proc. 33-10194 08/24/16

20
Case Name Type of Action Release No. Date Filed

In the Matter of Westchester County Health Care Corporation Stand-alone Admin. Proc. 33-10195 08/24/16

In the Matter of Wyoming Community Development Authority Stand-alone Admin. Proc. 33-10196 08/24/16

In the Matter of Yukon Municipal Authority, Yukon, Oklahoma Stand-alone Admin. Proc. 33-10197 08/24/16

Securities Offering

SEC v. William J. Wells, et al. Civil 2015-226 10/01/15

In the Matter of UBS AG Stand-alone Admin. Proc. 33-9961 10/13/15

SEC v. Ascenergy LLC, et al. Civil LR-23394 10/13/15

SEC v. Donald J. Lester, et al. Civil LR-23388 10/16/15

SEC v. John Clifford Williams Civil LR-23390 10/20/15

SEC v. Diverse Financial Corporation, et al. Civil LR-23396 10/28/15

SEC v. William M. Apostelos, et al. Civil LR-23397 10/29/15

SEC v. EB5 Asset Manager, LLC, et al. Civil LR-23409 11/03/15

SEC v. Earl D. Miller, et al. Civil LR-23405 11/05/15

SEC v. Bobby M. Collins Civil LR-23404 11/10/15

SEC v. James A. Torchia, et al. Civil LR-23416 11/10/15

SEC v. Robert Yang, et al. Civil LR-23414 11/19/15

SEC v. Christopher Freeman Brogdon, et al. Civil 2015-264 11/20/15

SEC v. Bernard M. Parker Civil LR-23413 11/23/15

SEC v. Homero Joshua Garza, et al. Civil LR-23415 12/01/15

SEC v. Robert Seibert Civil LR-23425 12/02/15

SEC v. Trudy R. Gilmond Civil LR-23421 12/04/15

SEC v. Oxford City Football Club, Inc., et al. Civil LR-23429 12/10/15

SEC v. Vu H. Le a/k/a Vinh H. Le, et al. Civil LR-23432 12/15/15

SEC v. CAUSwave, Inc., et al. Civil LR-23435 12/16/15

In the Matter of Allen M. Perres, et al. Stand-alone Admin. Proc. 33-9997 12/21/15

SEC v. Southern Cross Resources Group, Inc., et al. Civil LR-23436 12/21/15

SEC v. Marquis Properties, LLC, et al. Civil LR-23451 01/19/16

In the Matter of Edward H. Spiegel, et al. Stand-alone Admin. Proc. 33-10007 01/21/16

SEC v. Kenneth W. Crumbley, et al. Civil LR-23453 01/21/16

SEC v. OTC Capital Partners, LLC, et al. Civil LR-23452 01/22/16

In the Matter of Justin Moongyu Lee, Esq., CPA Follow-on Admin. Proc. 34-76978 01/27/16

SEC v. American Growth Funding II, LLC, et al. Civil LR-23459 02/03/16

SEC v. Optimum Income Property, LLC, et al. Civil LR-23464 02/10/16

SEC v. Gregory Ruehle Civil LR-23466 02/11/16

SEC v. Jilbert Tahmazian, Esq. Civil LR-23465 02/11/16

SEC v. PV Enterprises, Inc., et al. Civil LR-23468 02/16/16

SEC v. Nathan Halsey, et al. Civil LR-23473 02/17/16

In the Matter of IBC Funds, LLC Stand-alone Admin. Proc. 33-10042 02/19/16

SEC v. Fortitude Group, Inc., et al. Civil LR-23479 02/29/16

SEC v. Strategic Global Investments, Inc., et al. Civil LR-23479 02/29/16

In the Matter of Steven H. Davis, Esq. Follow-on Admin. Proc. 34-77325 03/08/16

In the Matter of Steven Zoernack, et al. Stand-alone Admin. Proc. 33-10051 03/08/16

SEC v. Aequitas Management, LLC, et al. Civil LR-23485 03/10/16

SEC v. BIC Real Estate Development Corporation, et al. Civil LR-23487 03/11/16

SEC v. Mark A. Jones Civil LR-23490 03/15/16

SEC v. Daniel Rivera, et al. Civil LR-23506 03/24/16

SEC v. Andrew W.W. Caspersen, et al. Civil LR-23505 03/28/16

SEC v. John Scott Clark Civil LR-23509 03/31/16

21
Case Name Type of Action Release No. Date Filed

SEC v. William E. Mapp, III, et al. Civil LR-23515 04/11/16

SEC v. Ariel Quiros, et al. Civil LR-23520 04/12/16

SEC v. PLCMGMT LLC, et al. Civil 2016-72 04/15/16

SEC v. George A. Moore, III, et al. Civil LR-23527 05/03/16

SEC v. James R. Trolice, et al. Civil LR-23532 05/04/16

SEC v. Devon Archer, et. al. Civil LR-23535 05/11/16

SEC v. Imran Husain, et al. Civil LR-23537 05/12/16

SEC v. David B. Kaplan, Esq., et al. Civil LR-23547 05/19/16

SEC v. JSG Capital Investments, LLC, et al. Civil LR-23550 05/25/16

SEC v. Christopher R. Esposito, et al. Civil LR-23545 05/26/16

SEC v. Joshua J. Hansen Civil None 05/26/16

SEC v. Charles C. Liu, et al. Civil LR-23556 05/26/16

In the Matter of Donald J. Stoecklein, Esq. Stand-alone Admin. Proc. 33-10087 06/02/16

SEC v. Richard W. Davis, Jr., et al. Civil LR-23554 06/02/16

SEC v. Haena Park Civil 2016-106 06/02/16

SEC v. Steven Wise Civil LR-23555 06/02/16

SEC v. Providence Financial Investments, Inc., et al. Civil LR-23567 06/07/16

In the Matter of Ethiopian Electric Power Stand-alone Admin. Proc. 33-10093 06/08/16

SEC v. Thomas J. Connerton, et al. Civil LR-23565 06/08/16

SEC v. Andrew K. Proctor, et al. Civil LR-23568 06/14/16

In the Matter of Gregory G. Jones Follow-on Admin. Proc. 34-78096 06/17/16

SEC v. Hemp, Inc., et al. Civil LR-23575 06/20/16

In the Matter of Merrill Lynch, Pierce,

 Fenner & Smith Incorporated Stand-alone Admin. Proc. 33-10103 06/23/16

In the Matter of RD Legal Capital, LLC, et al. Stand-alone Admin. Proc. 33-10111 07/14/16

SEC v. Zachary Brooke Roberts Civil LR-23595 07/14/16

SEC v. James Hugh Brennan, III, et al. Civil LR-23600 07/20/16

In the Matter of Dennis Navarra Stand-alone Admin. Proc. 33-10114 07/21/16

In the Matter of Samuel Braslau Follow-on Admin. Proc. 34-78409 07/25/16

SEC v. Traffic Monsoon, LLC, et al. Civil LR-23604 07/26/16

SEC v. Jeffery A. McCollum, et al. Civil LR-23603 07/27/16

SEC v. Matthew White, et al. Civil LR-23607 07/27/16

SEC v. Merrill Robertson, Jr., et al. Civil LR-23616 08/10/16

SEC v. Edwin Ruh, Jr., et al. Civil LR-23614 08/10/16

SEC v. Michael Andre Jones Civil LR-23622 08/19/16

SEC v. John M. Ragsdale Civil LR-23623 08/19/16

SEC v. Secured Income Reserve, Inc., et al. Civil LR-23626 08/24/16

In the Matter of Michael Ralph Casey, Esq. Follow-on Admin. Proc. 34-78707 08/26/16

In the Matter of Joseph L. Pittera, Esq. Follow-on Admin. Proc. 34-79168 08/26/16

SEC v. Enviro Board Corporation, et al. Civil LR-23628 08/26/16

In the Matter of Jilbert Tahmazian, Esq. Follow-on Admin. Proc. 34-78754 09/01/16

SEC v. Donald V. Watkins Sr., Esq., et al. Civil LR-23634 09/01/16

SEC v. Gordon W. Jenkins, et al. Civil LR-23638 09/07/16

In the Matter of BOKF, NA Stand-alone Admin. Proc. 33-10204 09/09/16

SEC v. Marrien Neilson Civil LR-23640 09/09/16

SEC v. Tycoon Energy, Inc., et al. Civil LR-23643 09/09/16

In the Matter of Med-X, Inc. Stand-alone Admin. Proc. 33-10216 09/16/16

In the Matter of Sheldon Rose, et al. Stand-alone Admin. Proc. 33-10218 09/21/16

SEC v. Mard, Inc. f/k/a KiOR, Inc, et al. Civil LR-23655 09/26/16

22
Case Name Type of Action Release No. Date Filed

SEC v. Craig V. Sizer, et al. Civil LR-23658 09/26/16

SEC v. Jason A. Wallace Civil LR-23656 09/27/16

SEC v. Aegis Oil, LLC, et al. Civil LR-23663 09/29/16

In the Matter of Rainbow International, Corp. 

(a/k/a Raintree Brands Incorporated) Stand-alone Admin. Proc. 33-10226 09/30/16

SEC v. Infinex Ventures, Inc., et al. Civil LR-23665 09/30/16

Transfer Agent

In the Matter of Bay City Transfer Agency and 

Registrar, Inc., et al. Stand-alone Admin. Proc. 34-78608 08/18/16

In the Matter of Wilmington Savings Fund Society, FSB Stand-alone Admin. Proc. 34-78906 09/22/16

23
TABLE 4

INVESTIGATIONS OF POSSIBLE VIOLATIONS OF THE 

ACTS ADMINISTERED BY THE COMMISSION

Opened in Fiscal Year 2016. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,063

Closed in Fiscal Year 2016. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 776

Ongoing2

 as of September 30, 2016. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,729

Formal Orders of Investigation Issued in Fiscal Year 2016. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 681

■ ■ ■

2 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.

24
TABLE 5

UNCONSOLIDATED FINANCIAL INFORMATION 

FOR BROKER-DEALERS

2011 – 2015 1/

($ in Millions)

2011 2012 2013 2014 2015

Revenues

Securities Commissions $ 47,707.0 $ 40,565.8 $ 40,110.9 $ 39,484.1 $ 37,290.1 

Gains (Losses) in Trading and 

 Investment Accounts 10,243.0 26,879.6 21,249.9 21,581.4 16430.8

Profits (Losses) from Underwriting

 and Selling Groups 22,933.6 27,911.3 31,990.8 33,486.1 30687.1

Margin Interest 6,202.3 7,196.0 7,090.8 8,235.9 8434.9

Revenues from Sale of Investment

 Company Shares 19,391.8 20,147.1 21,613.3 22,767.6 22121.5

All Other Revenues 139,280.0 141,714.5 150,405.0 153,880.9 160742.7

Total Revenues $ 245,757.7 $ 264,414.3 $ 272,460.7 $ 279,435.8 $ 275,707.1 

Expenses

Registered Representatives’

 Compensation (Part II Only) 2/ $ 41,094.3 $ 42,657.8 $ 48,455.6 $ 52,780.4 $ 52,682.2 

Other Employee Compensation

 and Benefits 57,576.2 58,144.1 57,577.5 57,509.6 58,982.8

Compensation to Partners and

 Voting Stockholder Officers 3,765.0 3,884.9 3,929.6 4,231.1 4,173.5

Commissions and Clearance Paid

 to Other Brokers 25,383.9 24,179.1 25,124.4 25,741.7 25,106.3

Interest Expenses 20,344.5 20,623.4 16,587.6 15,869.0 16,108.6

Regulatory Fees and Expenses 2,457.2 2,137.4 2,456.6 2,642.7 2,674.3

All Other Expenses 2/ 78,296.3 78,224.1 89,699.3 95,087.1 91,174.7

Total Expenses $ 228,917.4 $ 229,850.8 $ 243,830.7 $ 253,861.6 $ 250,902.4 

Income and Profitability

Pre-tax Income $ 16,840.3 $ 34,563.5 $ 28,629.9 $ 25,574.2 $ 24,804.8

Pre-tax Profit Margin 6.9% 13.1% 10.5% 9.2% 9.0%

Pre-tax Return on Equity 3/ 7.5% 14.7% 12.0% 10.5% 10.2%

Assets, Liabilities and Capital

Total Assets $4,661,501.0 $4,892,076.0 $4,590,749.0 $4,440,222.3 $4,051,280.8 

Liabilities

 (a) Unsubordinated Liabilities 4,321,456.7 4,540,797.7 4,234,171.3 4,078,990.5 3,690,331.9 

 (b) Subordinated Liabilities 122,204.2 116,873.7 113,897.2 118,147.7 115,967.7 

 (c) Total Liabilities $4,443,660.9 $4,657,671.4 $4,348,068.5 $4,197,138.2 $3,806,299.7 

Ownership Equity $ 217,840.1 $ 234,404.6 $ 242,680.4 $ 243,084.1 $ 244,981.2

Number of Firms 4,708 4,761 4,555 4,380 4,247

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 6

UNCONSOLIDATED ANNUAL REVENUES AND EXPENSES 

FOR BROKER-DEALERS DOING A PUBLIC BUSINESS

2011 – 2015 1/

($ in Millions)

2011 2012 2013 2014 2015

Revenues 

Securities Commissions $ 47,420.9 $ 40,394.1 $ 39,508.0 $ 39,256.6 $ 37,080.3 

Gains (Losses) in Trading and

 Investment Accounts 6,046.3 21,154.3 16,187.8 15,967.3 11,805.7

Profits (Losses) from Underwriting

 and Selling Groups 

Margin Interest 

Revenues from Sale of Investment

22,933.6 

6,202.2 

27,911.3 

7,195.9 

31,583.1 

6,979.0 

33,486.1 

8,235.9 

30,687.1

8,434.9

 Company Shares 

All Other Revenues 

Total Revenues 

19,391.8 

134,818.0 

20,147.1 

139,745.3 

21,613.3 

146,838.3 

22,767.6 

152,644.3 

22,121.5

158,294.3

$236,812.8 $256,548.0 $262,709.5 $272,357.7 $268,423.7 

 

Expenses 

Registered Representatives’

 Compensation (Part II Only) 2/ 

Other Employee Compensation

 and Benefits 

$ 41,094.3 

56,548.7 

$ 42,657.6 

57,146.8 

$ 48,412.3 

55,777.9 

$ 52,779.8 

56,699.4 

$ 52,655.5 

58,078.9

Compensation to Partners and

 Voting Stockholder Officers 

Commissions and Clearance Paid

3,645.0 3,798.9 3,846.6 4,182.0 4,115.3

 to Other Brokers 24,438.1 23,372.5 24,300.2 25,075.4 24,269.9

Interest Expenses 

Regulatory Fees and Expenses 

All Other Expenses 2/ 

Total Expenses 

19,823.6 

1,939.8 

75,880.8 

20,029.3 

1,846.0 

75,744.7 

15,958.2 

2,135.2 

86,514.9 

15,489.5 

2,354.1 

92,754.4 

15,702.2

2,396.4

88,928.7

$223,370.3 $224,595.8 $236,945.3 $249,334.6 $246,147.0 

 

Income and Profitability

Pre-tax Income $ 13,442.5 $ 31,952.2 $ 25,764.3 $ 23,023.1 $ 22,276.7 

Pre-tax Profit Margin 

Pre-tax Return on Equity 3/ 

5.7% 

6.3% 

12.5% 

14.3% 

9.8% 

11.3% 

8.5% 

9.9% 

8.3%

9.5%

Number of Firms 4,481 4,564 4,344 4,268 4,145 

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

26
TABLE 7

UNCONSOLIDATED BALANCE SHEET FOR 

BROKER-DEALERS DOING A PUBLIC BUSINESS YEAR-END,

2011 – 2015 1/

($ in Millions)

Assets

 

2011 2012 2013 2014 2015

 

Cash 

Receivables from Other 

 Broker-Dealers 

Receivables from Customers 

Receivables from Non-customers 

Long Positions in Securities 

 and Commodities 

Securities and Investments 

 not Readily Marketable 

Securities Purchased Under 

 Agreements to Resell

 (Part II only) 2/ 

Exchange Membership 

Other Assets 2/ 

Total Assets 

Liabilities and Equity Capital

$ 117,176.8 

1,267,609.3 

192,502.9 

47,027.9 

1,074,566.4 

19,688.3 

1,577,408.0 

246.0 

254,065.3 

$ 133,315.9 

1,248,634.3 

215,394.9 

89,242.5 

1,162,455.0 

22,039.8 

1,631,034.7 

238.2 

265,373.2 

$ 116,200.0 

1,326,605.7 

241,662.3 

98,637.6 

1,041,076.9 

26,240.3 

1,316,329.3 

210.6 

294,719.7 

$ 115,069.7 

1,400,125.0 

257,173.9 

105,759.2 

974,828.6 

32,613.2 

1,145,352.5 

215.8 

293,462.6 

$ 109,248.4

1,262,422.9

227,664.6 

62,981.8 

849,498.6 

27,038.3

1,130,326.1

285.4

280,725.8

$4,550,290.9 $4,767,728.5 $4,461,682.4 $4,324,601.4 $3,950,192.0 

 

 

Bank Loans Payable 

Payables to Other Broker-dealers 

Payables to Non-customers 

Payables to Customers 

Short Positions in Securities 

 and Commodities 

Securities Sold Under 

 Repurchase Agreements 

 (Part II only) 2/ 

Other Non-subordinated 

 Liabilities 2/ 

Subordinated Liabilities 

Total Liabilities 

Equity Capital 

Number of Firms 3/ 

 

$ 45,046.6 

621,109.0 

71,027.5 

681,310.5 

 

381,572.2 

2,065,576.3 

356,883.3 

121,861.2 

$ 57,936.3 

678,523.4 

45,106.6 

731,662.1 

368,904.7 

2,185,299.8 

360,509.2 

116,783.3 

$ 67,882.6 

660,795.9 

41,208.9 

791,642.2 

369,823.3 

1,761,037.4 

423,470.9 

113,787.8 

$ 78,838.8 

677,608.9 

47,601.1 

835,830.3 

374,512.4 

1,539,035.2 

417,986.4 

118,102.0 

$ 42,422.7

558,967.3

45,703.3

825,668.5

336,306.2

1,355,075.3

434,190.4

115,934.0

$4,344,386.5 $4,544,725.4 $4,229,649.0 $4,089,515.0 $3,714,267.7 

 

$ 205,904.4 

 

4,481 

$ 223,003.1 

4,286 

$ 232,033.4 

4,173 

$ 235,086.3 

4,115 

$ 235,924.3 

 3,981 

 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

27
TABLE 8

UNCONSOLIDATED REVENUES AND EXPENSES FOR 

CARRYING/CLEARING BROKER-DEALERS 2014–2015 1/

($ in Millions)

2014 2015

Percent Percent Percent 

Revenues

Dollars

of Total 

Revenues Dollars

of Total 

Revenues

Change

2014–2015

Securities Commissions

Gains (Losses) in Trading and

 Investment Accounts

Profits (Losses) from Underwriting

 and Selling Groups

Margin Interest

Revenues from Sale of Investment

$ 30,148.8

13,166.3 

28,808.0

8,235.9 

14.2%

6.2%

13.6%

3.9%

$ 28,765.2

8,800.0

8,800.0

8,434.9

13.8%

4.2% 

4.2% 

4.1% 

-4.6%

-33.2%

-69.5% 

2.4%

 Company Shares

Miscellaneous Fees

Revenues from Research

12,362.8 

46,386.4 

207.0 

5.8%

21.9%

0.1%

11,899.8

49,811.3

253.9

5.7% 

23.9% 

0.1%

-3.7% 

7.4% 

22.7%

Commodities Revenues

All Other Revenues

Total Assets

Expenses

2,002.3 

70,483.8 

$211,801.3 

0.9%

33.3%

100.0%

2,684.9

71,337.7

$207,992.6

1.3%

34.3% 

100.0%

34.1% 

1.2% 

-1.8%

Registered Representatives’

 Compensation

Other Employee Compensation

 and Benefits

$ 52,779.8 

41,405.4 

24.9%

19.5%

$ 52,655.5

42,545.8

25.3%

20.5% 

-0.2%

2.8%

Compensation to Partners and

 Voting Stockholder Officers

Commissions and Clearance Paid

1,743.8 0.8% 1,671.2 0.8% -4.2% 

 to Other Brokers

Communications

Occupancy and Equipment Costs

Data Processing Costs

Interest Expenses

Regulatory Fees and Expenses

Losses in Error Accounts and

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%

11,561.1

6,589.3

6,969.8

2,766.8

15,557.7

2,027.3

5.6%

3.2%

3.4%

1.3%

7.5%

1.0%

1.8%

-0.7%

2.5%

-9.4%

1.8%

1.0%

Bad Debts 221.6 0.1% 364.6 0.2% 64.5%

All Other Revenues

Total Assets

Income and Profitability

52,769.4

$194,061.3

24.9%

91.6%

48,088.8

$190,797.9

23.1%

91.7%

-8.9%

-1.7%

Pre-tax Income

Pre-tax Profit Margin

Pre-tax Return on Equity

$ 17,740.0

8.4%

8.5%

8.4% $ 17,194.8

8.3%

8.1%

8.3% -3.1%

Number of Firms 2/ 475 480

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

28
TABLE 9

UNCONSOLIDATED BALANCE SHEET FOR CARRYING/

CLEARING BROKER-DEALERS YEAR-END, 2014–2015 1/

($ in Millions)

2014 2015

Percent Percent Percent 

of Total of Total Change

Dollars Assets Dollars Assets 2014–2015

Assets

Cash $ 108,641.2 2.5% $ 102,945.9 2.6% -5.2%

Receivables from Other Broker-Dealers 1,394,254.9 32.7% 1,257,054.0 32.2% -9.8 

 (a) Securities Failed to Deliver 23,012.9 0.5% 24,000.2 0.6% 4.3 

 (b) Securities Borrowed 1,228,221.3 28.8% 1,093,745.8 28.0% -10.9 

 (c) Other 143,020.6 3.4% 139,308.0 3.6% -2.6 

Receivables from Customers 257,173.9 6.0% 227,664.6 5.8% -11.5 

Receivables from Non-customers 104,382.9 2.4% 61,690.7 1.6% -40.9 

Long Positions in Securities and Commodities 939,347.2 22.0% 832,206.2 21.3% -11.4 

 (a) Bankers Acceptances, Certificates of 

Deposit and Commercial Paper 20,807.7 0.5% 19,471.9 0.5% -6.4

 (b) U.S. and Canadian Government Obligations 543,599.3 12.8% 523,495.9 13.4% -3.7 

 (c) State and Municipal Government Obligations 18,309.3 0.4% 13,438.4 0.3% -26.6 

 (d) Corporate Obligations 98,348.7 2.3% 75,329.8 1.9% -23.4 

 (e) Stocks and Warrants 184,952.2 4.3% 146,351.1 3.7% -20.9 

 (f) Options 21,575.9 0.5% 17,134.9 0.4% -20.6 

 (g) Arbitrage 10,269.8 0.2% 2,490.8 0.1% -75.7 

 (h) Other Securities 41,128.0 1.0% 34,477.7 0.9% -16.2 

 (i) Spot Commodities 356.2 0.0% 15.5 0.0% -95.6 

Securities and Investments Not Readily Marketable 32,238.5 0.8% 26,764.8 0.7% -17.0

Securities Purchased Under Agreements to Resell 1,145,352.5 26.9% 1,130,326.1 28.9% -1.3 

Exchange Membership 201.7 0.0% 274.2 0.0% 35.9 

Other Assets 281,494.0 6.6% 268,102.7 6.9% -4.8 

Total Assets $4,263,086.8 100.0% $3,907,029.2 100.0% -8.4%

Liabilities and Equity Capital

Bank Loans Payable $ 74,386.5 1.7% $ 41,879.1 1.1% -43.7%

Payables to Other Broker-dealers 668,672.8 15.7% 555,658.3 14.2% -16.9 

 (a) Securities Failed to Receive 23,443.3 0.5% 22,751.0 0.6% -3.0 

 (b) Securities Loaned 573,250.6 13.4% 473,710.5 12.1% -17.4 

 (c) Other 71,978.8 1.7% 59,196.9 1.5% -17.8 

Payables to Non-customers 45,170.0 1.1% 44,960.1 1.2% -0.5 

Payables to Customers 835,830.3 19.6% 825,668.5 21.1% -1.2 

Short Positions in Securities and Commodities 359,149.0 8.4% 327,930.3 8.4% -8.7 

Securities Sold Under Repurchase Agreements 1,539,035.2 36.1% 1,355,075.3 34.7% -12.0 

Other Non-subordinated Liabilities 411,757.3 9.7% 427,778.6 10.9% 3.9 

Subordinated Liabilities 116,621.1 2.7% 115,517.2 3.0% -0.9

Total Liabilities $4,050,622.2 95.0% $3,694,467.4 94.6% -8.8%

Equity Capital $ 212,464.6 5.0% $ 212,561.8 5.4% 0.0%

Number of Firms 3/ 464 461

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

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TABLE 10

TRANSACTION ACTIVITY IN EQUITIES, 

OPTIONS, AND SECURITY FUTURES

 Market Value of Sales (millions) 

 Option Exercises Security 

Equity Option and Futures Futures 

Year Total Trading Trading Deliveries Trading1

 

1996 $8,266,339 $8,123,748 $67,862 $74,729 0

1997 $11,692,830 $11,487,872 $104,535 $100,422 0

1998 $15,164,183 $14,903,153 $140,261 $120,769 0

1999 $23,218,783 $22,813,331 $260,294 $145,159 0

2000 $36,275,278 $35,557,087 $485,106 $233,085 0

2001 $26,138,050 $25,636,203 $277,549 $224,298 0

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

2015 $74,148,435 $70,790,348 $720,461 $2,637,626 11,710,494

 Calendar Year 2015

BATS Exchange, Inc. $5,716,722 $5,390,154 $72,699 $253,869 

BATS Y-Exchange, Inc. $2,490,406 $2,490,406 

BOX Options Exchange LLC $72,784 $16,153 $56,631 

C2 Options Exchange, Inc. $41,683 $8,994 $32,690 

Chicago Board Options Exchange, Inc. $533,541 $11 $112,290 $421,240 

The Chicago Stock Exchange, Inc. $636,847 $636,847 

EDGA Exchange, Inc. $1,716,410 $1,716,410 

EDGX Exchange, Inc. $4,696,163 $4,695,703 $217 $242 

FINRA, Inc. $23,634,800 $23,634,800 

International Securities Exchange, LLC $418,372 $92,981 $325,391 

ISE Gemini, LLC $88,443 $19,520 $68,923 

Miami International 

 Securities Exchange, LLC $169,271 $37,471 $131,800 

NASDAQ OMX BX $1,452,993 $1,429,805 $5,156 $18,033 

NASDAQ OMX PHLX $1,414,358 $677,373 $156,299 $580,686 

The Nasdaq Stock Market LLC $12,850,611 $12,592,017 $53,704 $204,890 

National Stock Exchange, Inc. $2 $2 

New York Stock Exchange, Inc. $8,376,169 $8,376,169 

NYSE Amex LLC $391,162 $59,376 $70,689 $261,097 

NYSE Arca, Inc. $9,432,950 $9,091,274 $74,289 $267,386 

OneChicago, LLC $14,748 $14,748 11,710,494

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.

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