1

SELECT SEC AND MARKET DATA
 

FISCAL 2009
 

Table of Contents 

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

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

Fiscal 2009 Enforcement Cases by Program Area....................................................4
 

Investigations of Possible Violations of the Acts 

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

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

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

Ten Most Common Complaints During Fiscal 2009...............................................21
 

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

Unconsolidated Annual Revenues and Expenses for 

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

Unconsolidated Balance Sheet for Broker-Dealers 

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

Unconsolidated Revenues and Expenses for 

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

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

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

2

Table 1
 

ENFORCEMENT MILESTONES 

FISCAL 2009
 

• Obtained orders in SEC judicial and administrative 

proceedings requiring securities violators to disgorge 

illegal profits of approximately $2.09 billion and to 

pay penalties of approximately $345 million. 

• Sought orders barring 90 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 71 actions, 

and sought asset freezes in 82 actions. 

• Filed 5 actions to enforce investigative subpoenas. 

• Halted trading in securities of 192 issuers about 

which there was inadequate public disclosure. 

In SEC-related criminal cases, prosecutors fi led indictments, 

informations, or contempts in Fiscal 2009 in 154 cases. 
 

 

 

 

 

 

 

 

 

 

 

 

3

Table 2
 

Enforcement Action Summary Chart 

for Fiscal Year 2009 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.) 

Primary Classification 

Issuer Reporting and Disclosure 

Civil Actions

68 (128) 

Administrative 

Proceedings

75 (83) 

 Total

143 (211) 

 %of Total 

Actions 

22% 

Broker-Dealer 26 (77) 83 (105) 109 (182) 16% 

Investment Advisors 29 (171) 47 (56) 76 (227) 11% 

Securities Offering Cases 

Delinquent Filings

106 (475) 

0 (0)

35 (37) 

92 (417) 

141 (512) 

92 (417) 

21% 

14% 

Insider Trading Cases 31 (77) 6 (8) 37 (85) 6% 

Market Manipulation Cases 34 (104) 5 (6) 39 (110) 6% 

Civil Contempt 15 (24) 0 (0) 15 (24) 2% 

Municipal Offering 0 (0) 2 (3) 2 (3) .3% 

Transfer Agent 0 (0) 3 (3) 3 (3) .4% 

Investment Companies 1 (5) 4 (4) 5 (9) 1% 

Miscellaneous Cases 2 (4) 0 (0) 2 (4) .3% 

TOTALS 312 (1065) 352 (722) 664 (1787) 100% 
4
 

Table 3
 

FISCAL 2009 ENFORCEMENT CASES
 

LISTED BY PROGRAM AREA
 

Name of Case Release No. Date Filed 

Broker-Dealer 

SEC v. Kederio Ainsworth, et al. LR-20768 10/03/08 

In the Matter of Stewart Kalter 34-58787 10/15/08 

In the Matter of Lazard Capital Markets LLC 34-58880 10/30/08 

In the Matter of Louis Gregory Rice 34-58881 10/30/08 

In the Matter of Robert A. Ward 34-58882 10/30/08 

In the Matter of David L. Tashjian 34-58883 10/30/08 

In the Matter of W. Daniel Williams 34-58884 10/30/08 

In the Matter of Dennis K. McNell 34-59016 11/25/08 

SEC v. Citigroup Global Markets, Inc. LR-20824 12/11/08 

SEC v. UBS Securities LLC, et al. LR-20824 12/11/08 

In the Matter of Gary J. Gross 34-59090 12/12/08 

In the Matter of David Lee 34-59107 12/16/08 

In the Matter of Milkie/Ferguson Investments, Inc., et al. 33-8990 12/17/08 

In the Matter of Michael J. Park 34-59116 12/18/08 

In the Matter of John M. Lucarelli 34-59124 12/19/08 

In the Matter of William Edward Sears 34-59131 12/22/08 

In the Matter of Patricia Jean Sears-Million 34-59132 12/22/08 

In the Matter of Robert L. Flickinger II 34-59195 01/05/09 

In the Matter of Mark E. Salyer 34-59227 01/12/09 

In the Matter of Peter J. Dawson 34-59232 01/12/09 

In the Matter of Paul G. Risoli 34-59242 01/13/09 

In the Matter of Joseph Lando 34-59241 01/13/09 

In the Matter of Peter Sherlock 34-59239 01/13/09 

In the Matter of Jarrod W. McMillin 34-59263 01/16/09 

In the Matter of Robert Johnson 34-59301 01/27/09 

SEC v. Wachovia Securities, LLC LR-20885 02/05/09 

In the Matter of Ferris, Baker Watts, Inc. 34-59372 02/10/09 

In the Matter of Stephen J. Glantz 34-59373 02/10/09 

In the Matter of William H. Salem 34-59374 02/10/09 

In the Matter of Patrick J. Vaughan 34-59375 02/10/09 

In the Matter of Randall W. Banks 34-59408 02/13/09 

In the Matter of SG Americas Securities, LLC, et al. 34-59401 02/13/09 

In the Matter of Oppenheimer & Co., Inc. 34-59438 02/24/09 

In the Matter of Leumi Investment Services, Inc. 34-59437 02/24/09 

In the Matter of RBC Capital Markets Corporation 34-59439 02/24/09 

SEC v. Victor P. Machado, et al. LR-20909 02/24/09 

In the Matter of Knight Financial Products, LLC 34-59504 03/04/09 

In the Matter of Goldman Sachs Execution & Clearing, L.P., et al. 34-59505 03/04/09 

In the Matter of Botta Capital Management, LLC 34-59501 03/04/09 

In the Matter of Equitec Proprietary Markets, LLC 34-59502 03/04/09 

In the Matter of Group One Trading, LP 34-59503 03/04/09 
5
 

Name of Case Release No. Date Filed 

In the Matter of Susquehanna Investment Group 34-59506 03/04/09 

In the Matter of TD Options LLC 34-59507 03/04/09 

In the Matter of Victor P. Machado 34-59513 03/05/09 

In the Matter of Frank Lu 34-59514 03/05/09 

In the Matter of M. Grant Bettingen 34-59532 03/06/09 

In the Matter of Grant Bettingen, Inc. 34-59533 03/06/09 

In the Matter of Christopher J. Johndrow 33-9012 03/06/09 

In the Matter of Merrill Lynch, Pierce, Fenner, & Smith Inc. 34-59555 03/11/09 

SEC v. Brian Travis, et al. LR-20948 03/12/09 

SEC v. Automated Trading Desk Specialists, LLC LR-20953 03/13/09 

SEC v. E*Trade Capital Markets LLC LR-20952 03/13/09 

SEC v. Melvin Securities, LLC, et al. LR-20952 03/13/09 

SEC v. Sydan, LP LR-20952 03/13/09 

SEC v. TradeLink, LLC LR-20952 03/13/09 

SEC v. David Scott Cacchione LR-20970 03/24/09 

In the Matter of Brian P. Corbett 34-59640 03/27/09 

In the Matter of Michael L. Silver 34-59639 03/27/09 

In the Matter of Deborah Galas 34-59670 04/01/09 

In the Matter of Thomas Brick 34-59671 04/01/09 

In the Matter of Michael W. Crow, et al. 34-59711 04/06/09 

In the Matter of Woodbury Financial Services, Inc. 34-59740 04/09/09 

In the Matter of GLB Trading, Inc., et al. 34-59765 04/14/09 

SEC v. David A. Williams, et al. LR-21007 04/20/09 

In the Matter of David Scott Cacchione 34-59812 04/22/09 

In the Matter of Brad E. Parish 34-59831 04/28/09 

In the Matter of Royal Alliance Associates, Inc. 34-59830 04/28/09 

In the Matter of Paul M. Gozzo 34-59849 04/30/09 

In the Matter of Daryl L. Batts 34-59958 05/21/09 

In the Matter of Phillip J. Milligan 34-59970 05/22/09 

In the Matter of Bradley E. Morgan 34-59988 05/27/09 

SEC v. William Betta, Jr., et al. LR-21061 05/28/09 

In the Matter of Thomas S. Blackwell 33-9035 05/29/09 

In the Matter of Dustin J. Lunt 33-9036 05/29/09 

In the Matter of Douglas F. Samuels 34-60027 06/02/09 

SEC v. Banc of America Securities LLC, et al. LR-21066 06/03/09 

SEC v. Deutsche Bank Securities Inc. LR-21066 06/03/09 

RBC Capital Markets Corporation LR-21066 06/03/09 

SEC v. Aura Financial Services, Inc., et al. LR-21081 06/12/09 

In the Matter of Ravi Yanamadula 34-60111 06/15/09 

SEC v. Stanford International Bank, et al. LR-21092 06/19/09 

SEC v. FTC Capital Markets, Inc., et al. LR-21093 06/22/09 

In the Matter of Ruben Serrano 34-60157 06/22/09 

SEC v. Gary S. Becker, et al. LR-21100 06/23/09 

In the Matter of Prime Capital Services, Inc., et al. 33-9047 06/30/09 

In the Matter of Danny E. Landau 33-9048 07/06/09 

SEC v. Sky Capital LLC, et al. LR-21120 07/08/09 

In the Matter of Ameriprise Financial Services, Inc. 33-9051 07/10/09 

In the Matter of J.P. Turner & Company, LLC 34-60325 07/17/09 

In the Matter of Stephen Cheryl Bauman 34-60326 07/17/09 

In the Matter of TD Ameritrade, Inc. 33-9053 07/20/09 
6
 

Name of Case Release No. Date Filed 

SEC v. Deborah Duffy LR-21144 07/21/09 

SEC v. Morgan Keegan & Company, Inc. LR-21143 07/21/09 

In the Matter of Keevin H. Leonard, et al. 34-60417 08/03/09 

SEC v. Bank of America Corp. LR-21164 08/03/09 

In the Matter of Alain Lustig 34-60449 08/05/09 

In the Matter of TJM Proprietary Trading, LLC, et al. 34-60440 08/05/09 

SEC v. Vladimir Chekholko LR-21172 08/06/09 

In the Matter of AXA Advisors, LLC 34-60480 08/11/09 

In the Matter of CentreInvest, Inc., et al. 34-60485 08/12/09 

In the Matter of Robert J. Zannotti 33-9060 08/12/09 

In the Matter of Lightspeed Trading LLC 34-60540 08/19/09 

In the Matter of Deborah Duffy 34-60543 08/19/09 

In the Matter of Jose Daniel Iriarte, Jr. 34-60599 09/01/09 

In the Matter of Ronald E. Hardy, Jr. 34-60615 09/02/09 

In the Matter of Louis J. Akers 34-60628 09/04/09 

In the Matter of Jamie P. Lake 34-60632 09/08/09 

In the Matter of United Global Securities, Inc., et al. 33-9066 09/29/09 

In the Matter of Commonwealth Equity Services, LLP 34-60733 09/29/09 

Civil Contempt 

SEC v. CRE Capital Corporation, et al. LR-20932 03/06/09 

SEC v. Jeffrey G. Turino LR-21094 06/22/09 

SEC v. John S. Morgan, et al. None 07/07/09 

SEC v. John J. Bravata, et al. LR-21214 09/21/09 

SEC v. George L. Theodule None 

SEC v. Kermit Silva, et al. None 

SEC v. Thanh Viet “Jeremy” Cao None 

SEC v. Yuail I. Enwia None 

SEC v. Michael Howard Reed None 

SEC v. Cort L. Poyner None 

SEC v. Daren L. Palmer None 

SEC v. Mohit A. Khanna None 

SEC v. James L. Solow None 

SEC v. Adley H. Abdulwahab, et al. None 

SEC v. John C. Jenkins None 

Delinquent Filing: Issuer Reporting 

In the Matter of Inphonic, Inc. (n/k/a INP Liquidation, Corp.) 34-58922 11/10/08 

In the Matter of Graystone World Wide, Inc., et al. 34-59103 12/15/08 

In the Matter of NeoTactix Corporation 34-59100 12/15/08 

In the Matter of 2 I, Inc., et al. 34-59156 12/23/08 

In the Matter of Baldwin Piano & Organ Co., et al. 34-59215 01/08/09 

In the Matter of American Custom Components, Inc., et al. 34-59245 01/14/09 

In the Matter of The JPM Company, et al. 34-59316 01/29/09 

In the Matter of Pacific Industrial Corp., et al. 34-59444 02/25/09 

In the Matter of Minex Resources, Inc., et al. 34-59526 03/06/09 

In the Matter of BBJ Environmental Technologies, Inc. 34-59535 03/09/09 

In the Matter of Headliners Entertainment Group, Inc. 34-59554 03/11/09 
7
 

Name of Case Release No. Date Filed 

In the Matter of Leading Edge Packagaing, Inc., et al. 34-59564 03/12/09 

In the Matter of Chemfix Technologies, Inc., et al. 34-59583 03/17/09 

In the Matter of Janex International, Inc., et al. 34-59619 03/23/09 

In the Matter of Lambert Communications, Inc., et al. 34-59625 03/25/09 

In the Matter of Jansko, Inc., et al. 34-59624 03/25/09 

In the Matter of L Rex International, Inc., et al. 34-59732 04/08/09 

In the Matter Global 1 Investment Holding Corp. 34-59730 04/08/09 

In the Matter of Carlyle Gaming & Entertainment Ltd., et al. 34-59731 04/08/09 

In the Matter of IDM Participating Income Co., et al. 34-59809 04/22/09 

In the Matter of Aegis Consumer Funding Group, Inc., et al. 34-59810 04/22/09 

In the Matter of IAC Holdings, Inc. 34-59833 04/28/09 

In the Matter of Childrobics, Inc., et al. 34-59851 04/30/09 

In the Matter of Xino Corp., et al. 34-59862 05/05/09 

In the Matter of Poseidis, Inc. 34-59897 05/11/09 

In the Matter of Fortel, Inc. (n/k/a Envit Capital Group, Inc.) 34-59901 05/12/09 

In the Matter of Core Technologies Pennsylvania, Inc., et al. 34-59910 05/13/09 

In the Matter of FrontLine Capital Group 34-59911 05/13/09 

In the Matter of Large Scale Biology Corporation 34-59909 05/13/09 

In the Matter of X-Ramp.com, Inc., et al. 34-59936 05/18/09 

In the Matter of F&C International, Inc., et al. 34-59938 05/19/09 

In the Matter of Act Manufacturing Inc., et al. 34-59969 05/22/09 

In the Matter of I Incubator.com, Inc., et al. 34-60013 06/01/09 

In the Matter of Lexington Rsources, Inc. 34-60042 06/04/09 

In the Matter of Powercold Corporation 34-60051 06/05/09 

In the Matter of Wade Cook Financial Corp., et al. 34-60058 06/08/09 

In the Matter of I.A. Europe Group, Inc., et al. 34-60082 06/10/09 

In the Matter of Today’s Man, Inc., et al. 34-60097 06/11/09 

In the Matter of Global Matrechs, Inc. 34-60142 06/19/09 

In the Matter of Hamilton Digital Controls, Inc., et al. 34-60145 06/19/09 

In the Matter of Nanosignal Corp., et al. 34-60141 06/19/09 

In the Matter of FCF, Inc., et al. 34-60161 06/23/09 

In the Matter of Advanced Monitoring Systems, Inc., et al. 34-60228 07/02/09 

In the Matter of Falcon Entertainment Corp., et al. 34-60230 07/02/09 

In the Matter of Total Film Group, Inc., et al. 34-60250 07/07/09 

In the Matter of Xentel Interactive, Inc., et al. 34-60294 07/13/09 

In the Matter of Voip, Inc. 34-60300 07/14/09 

In the Matter of National Micronetics, Inc., et al. 34-60299 07/14/09 

In the Matter of H-Entertainment, Inc., et al. 34-60303 07/14/09 

In the Matter of Pegasus Wireless Corporation 34-60301 07/14/09 

In the Matter of Paivis Corp., et al. 34-60302 07/14/09 

In the Matter of Royal Spring Water, Inc. 34-60357 07/21/09 

In the Matter of Toltec Real Estate Corp., et al. 34-60355 07/21/09 

In the Matter of Keystone Ventures, Inc. 34-60350 07/21/09 

In the Matter of Standard Metals Corporation 34-60369 07/23/09 

In the Matter of Warehouse Club, Inc., et al. 34-60404 07/30/09 

In the Matter of I Join Systems, Inc., et al. 34-60411 07/31/09 

In the Matter of Absolute Entertainment, Inc., et al. 34-60434 08/05/09 

In the Matter of Freehand Systems International, Inc. 34-60453 08/06/09 

In the Matter of N.U. Pizza Holding Corp., et al. 34-60467 08/10/09 

In the Matter of Atmospheric Glow Technologies, Inc. 34-60470 08/11/09 
8
 

Name of Case Release No. Date Filed 

In the Matter of iWorld Projects & Systems, Inc. 34-60502 08/14/09 

In the Matter of Xstream Mobile Solutions Corp. 34-60523 08/18/09 

In the Matter of Entrade, Inc. 34-60533 08/19/09 

In the Matter of Harvard Scientific Corp., et al. 34-60564 08/25/09 

In the Matter of Conversion Solutions Holdings Corp. 34-60577 08/27/09 

In the Matter of Value Merchants, Inc., et al. 34-60583 08/28/09 

In the Matter of Aleritas Capital Corp. 34-60580 08/28/09 

In the Matter of Brooke Corporation, et al. 34-60581 08/28/09 

In the Matter of RDM Sports Group, Inc., et al. 34-60588 08/31/09 

In the Matter of Universal Express, Inc. 34-60616 09/03/09 

In the Matter of New York Broker Deutschland AG 34-60623 09/03/09 

In the Matter of What’s For Free Technologies, Inc., et al. 34-60626 09/04/09 

In the Matter of Action Auto Rental, Inc., et al. 34-60631 09/08/09 

In the Matter of National Tire Services, Inc., et al. 34-60638 09/09/09 

In the Matter of Pacific International Enterprises, Inc., et al. 34-60652 09/11/09 

In the Matter of Consolidated Resources Group, Inc. 34-60677 09/16/09 

In the Matter of Tops Appliance City, Inc., et al. 34-60682 09/17/09 

In the Matter of V-Twin Holdings, Inc., et al. 34-60685 09/18/09 

In the Matter of Polar Molecular Holding Corp. 34-60702 09/21/09 

In the Matter of Magnum Resources, Inc., et al. 34-60703 09/22/09 

In the Matter of Pacific Lease Group, Inc. 34-60709 09/23/09 

In the Matter of DTVN Holdings, Inc., et al. 34-60714 09/24/09 

In the Matter of Warwick Insurance Managers, Inc., et al. 34-60723 09/25/09 

In the Matter of TVI Corporation 34-60724 09/28/09 

In the Matter of Consumers Financial Corporation 34-60729 09/29/09 

In the Matter of Torque Engineering Corp., et al. 34-60740 09/29/09 

In the Matter of Universal Food & Beverage Co. 34-60731 09/29/09 

In the Matter of National Venture Capital Fund, Inc., et al. 34-60734 09/29/09 

In the Matter of Regeena Resources, Inc., et al. 34-60742 09/29/09 

In the Matter of Pathnet Telecommunications, Inc., et al. 34-60748 09/30/09 

In the Matter of Redheads Inc., et al. 34-60747 09/30/09 

Insider Trading 

SEC v. Francis Elias Axiaq, et al. LR-20774 10/07/08 

SEC v. Brian D. Ladin, et al. LR-20784 10/20/08 

SEC v. Brett C. Maas LR-20789 10/23/08 

SEC v. Jonathan Wilson LR-20805A 11/13/08 

SEC v. Mark Cuban LR-20810 11/17/08 

SEC v. Matthew C. Devlin, et al. LR-20831 12/18/08 

In the Matter of Kevin J. Heron 34-59240 01/13/09 

SEC v. Aaron S. Cooksey LR-20863A 01/22/09 

SEC v. Ramesh Chakrapani LR-20884 02/05/09 

SEC v. Nicos Achilleas Stephanou, et al. LR-20884 02/05/09 

In the Matter of Hafi z Naseem 34-59367 02/06/09 

In the Matter of Matthew E. Kopsky 34-59568 03/12/09 

SEC v. Michael Biello LR-20953A 03/13/09 

SEC v. William M. Gallahair LR-21005 04/17/09 

SEC v. Matthew J. Browne LR-21015 04/28/09 

Maher F. Kara, et al. LR-21020 04/30/09 
9
 

Name of Case Release No. Date Filed 

SEC v. Joseph Azar LR-21020 04/30/09 

SEC v. Nasser Mardini LR-21020 04/30/09 

SEC v. Jon-Paul Rorech, et al. LR-21023 05/05/09 

In the Matter of Matthew J. Browne, Attorney 34-59960 05/21/09 

In the Matter of David G. Ghysels, et al. 34-59957 05/21/09 

SEC v. Tajyar, et al. LR-21069 06/04/09 

SEC v. Robert L. Hollier, et al. LR-21072 06/08/09 

SEC v. Phillip MacDonald, et al. LR-21079 06/10/09 

In the Matter of Mitchel S. Guttenberg 34-60119 06/16/09 

SEC v. Kevan D. Acord, et al. LR-21132 07/15/09 

SEC v. Anthony Perez and et al. LR-21133 07/15/09 

SEC v. Math J. Hipp, Jr. LR-21133 07/15/09 

SEC v. Carl E. Binette, et al. LR-21133 07/15/09 

SEC v. Andres Leyva LR-21140 07/20/09 

SEC v. Khaled Mohammed Sharif Al Sayed Al Hashemi LR-21154 07/27/09 

SEC v. Nancy Jewell, et al. LR-21183 08/24/09 

SEC v. Sarath B. Gangavarapu LR-21191 08/31/09 

SEC v. Jeff L. Soisson, et al. LR-21201 09/09/09 

SEC v. Allen W. Moss LR-21209 09/14/09 

SEC v. Reza Saleh, et al. LR-21221 09/24/09 

SEC v. Melissa A, Mahler None 

Investment Advisor 

In the Matter of Sterling Capital Planners, Inc. IA-2797 10/08/08 

In the Matter of Battery Wealth Management, Inc., et al. IA-2800 10/15/08 

In the Matter of James L. Demers 34-58798 10/16/08 

In the Matter of MedCap Management & Research LLC, et al. IA-2802 10/16/08 

In the Matter of Don Warner Reinhard 34-58865 10/27/08 

SEC v. J.C. Reed & Company, Inc., et al. LR-20813 11/19/08 

In the Matter of Stephen L. Hochberg, CPA 34-59018 11/25/08 

In the Matter of Thomas J. Smith IA-2810 11/25/08 

In the Matter of William J. Del Biaggio III IA-2824 12/29/08 

In the Matter of Diane M. Keefe IA-2828 01/13/09 

SEC v. Arthur Nadel, et al. LR-20858 01/21/09 

In the Matter of Merrill Lynch, Pierce, Fenner & Smith Inc. IA-2834 01/30/09 

In the Matter of Jeffrey Swanson IA-2835 01/30/09 

SEC v. Bernard L. Madoff, et al. LR-20889 02/09/09 

SEC v. Grant Ivan Grieve, et al. LR-20893 02/10/09 

SEC v. UBS AG LR-20905 02/18/09 

SEC v. WG Trading Investors, L.P., et al. LR-20912 02/25/09 

In the Matter of Ross Owen Haugen 34-59458 02/26/09 

In the Matter of M.A.G. Capital, LLC, et al. IA-2849 03/02/09 

SEC v. James M. Nicholson, et al. LR-20924 03/04/09 

SEC v. Locke Capital Management, Inc., et al. LR-20936 03/09/09 

SEC v. Albert K. Hu, et al. LR-20962A 03/18/09 

SEC v. The Nutmeg Group, LLC, et al. LR-20972 03/25/09 

In the Matter of Matthew LaMadrid IA-2857 03/26/09 

In the Matter of Alberto W. Vilar, et al. IA-2859A 03/27/09 

In the Matter of Jason G. Burks 34-59644 03/27/09 
10
 

Name of Case Release No. Date Filed 

In the Matter of Glenn Manterfield IA-2865 04/10/09 

SEC v. Crossroads Financial Planning, Inc., et al. LR-20996 04/10/09 

SEC v. Isaac I. Ovid, et al. LR-20998 04/14/09 

SEC v. Edward T. Stein, et al. LR-21002 04/15/09 

In the Matter of American Skandia Investment Services Inc. IA-2867 04/17/09 

SEC v. Donald Anthony Walker Young, et al. LR-21006 04/20/09 

In the Matter of Hennessee Group LLC, et al. IA-2871 04/22/09 

SEC v. Founding Partners Capital Management Company, et al. LR-21010 04/23/09 

SEC v. Bradley L. Ruderman, et al. LR-21017 04/29/09 

In the Matter of John H. Lohmeier IA-2873 05/07/09 

In the Matter of Intech Investment Management LLC, et al. IA-2872 05/07/09 

SEC v. Henry Morris, et al. LR-21036 05/12/09 

In the Matter of Wealthwise, LLC, et al. 34-59931 05/15/09 

SEC v. Gregg Thomas Rennie LR-21043 05/18/09 

SEC v. Wealth Management LLC, et al. LR-21055 05/21/09 

In the Matter of Barrett N. Wissman 34-59971 05/22/09 

SEC v. Gendreau & Associates, Inc., et al. LR-21057 05/26/09 

In the Matter of New York Life Investment Management LLC IA-2883 05/27/09 

In the Matter of J. David Huber IA-2884 05/28/09 

In the Matter of Melissa M. Hurley IA-2885 05/28/09 

In the Matter of Michael A. Callaway 34-60071 06/08/09 

In the Matter of Evergreen Investment Management Company, LLC, et al. 34-60059 06/08/09 

In the Matter of Raymond Thomas IA-2891 06/10/09 

SEC v. Matthew D. Weitzman LR-21078 06/10/09 

In the Matter of Bernard L. Madoff 34-60118 06/16/09 

SEC v. Cohmad Securities Corporation, et al. LR-21095 06/22/09 

SEC v. Moises Pacheco, et al. LR-21101 06/24/09 

SEC v. Regan & Company, et al. LR-21102 06/24/09 

In the Matter of John M. Donnelly IA-2897 06/29/09 

SEC v. Ryan M. Jindra, et al. LR-21113 07/01/09 

In the Matter of Frederick J. Barton 34-60309 07/15/09 

In the Matter of Mary Beth Stevens IA-2902 07/17/09 

In the Matter of Paul W. Oliver, Jr. IA-2903 07/17/09 

In the Matter of Morgan Stanley & Co. Incorporated 34-60342 07/20/09 

In the Matter of William Keith Phillips 34-60344 07/20/09 

In the Matter of Bradley L. Ruderman IA-2908 07/24/09 

SEC v. Robert Glenn Bard, et al. LR-21160 07/30/09 

In the Matter of Gregg Thomas Rennie 34-60482 08/12/09 

In the Matter of James C. Dawson IA-2914 08/12/09 

SEC v. Brantley Capital Management, LLC, et al. LR-21178 08/13/09 

In the Matter of Matthew D. Weitzman IA-2917 08/18/09 

In the Matter of Michael A. Atkins 34-60544 08/19/09 

In the Matter of Knox H. Fuqua IA-2920 08/20/09 

SEC v. Titan Wealth Management, LLC, et al. LR-21184 08/26/09 

In the Matter of Steven E. Tennies IA-2921 08/28/09 

In the Matter of KHF Advisors, LLC IA-2924 09/15/09 

In the Matter of Appalachian Asset Management, Inc. IA-2925 09/15/09 

In the Matter of Scott M. Ross IA-2927 09/23/09 

In the Matter of Stratum Wealth Management, LLC, et al. 33-9067 09/29/09 

SEC v. Marvel Partners, et al. None 
11

Name of Case Release No. Date Filed 

Investment Company 

In the Matter of 5G Wireless Communications, Inc. IC-28522 11/25/08 

In the Matter of Renew Energy Resources, Inc. IC-28523 11/26/08 

In the Matter of Gabelli Funds, LLC IA-2827 01/12/09 

SEC v. Reserve Management Company, et al. LR-21025 05/05/09 

In the Matter of Ryan Douglas Smith IC-28841 08/03/09 

Issuer Reporting and Disclosure 

SEC v. Anthony J. Cuti, et al. AAER-2894 10/09/08 

In the Matter of Barry Schechter, C.A. AAER-2896 10/24/08 

SEC v. Blue Coat Systems, Inc., et al. AAER-2897 11/12/08 

SEC v. David Lee, et al. AAER-2901 11/18/08 

In the Matter of Annie Astor-Carbonell (CPA) AAER-2903 11/24/08 

In the Matter of Robert P. Verheecke (CPA) AAER-2907 12/09/08 

SEC v. Zurich Financial Services AAER-2910 12/11/08 

In the Matter of Zurich Financial Services AAER-2908 12/11/08 

In the Matter of Converium Holding AG AAER-2909 12/11/08 

SEC v. Siemens Aktiengesellschaft AAER-2911 12/15/08 

SEC v. Fiat S.p.A., et al. LR-20835 12/22/08 

SEC v. UnitedHealth Group Inc. LR-20836 12/22/08 

SEC v. David J. Lubben LR-20836 12/22/08 

In the Matter of Ira Yohalem, CPA AAER-2912 12/23/08 

In the Matter of Stewart Enterprises, Inc., et al. AAER-2913 12/29/08 

SEC v. Rica Roods, Inc., et al. LR-20839 12/29/08 

In the Matter of Rica Foods, Inc. 34-59174 12/30/08 

In the Matter of R.K. Dhawan, Chartered Accountant AAER-2914 01/06/09 

In the Matter of Pavlos Meletiou, Certifi ed Accountant AAER-2915 01/06/09 

In the Matter of R.K. Dhawan & Co. AAER-2916 01/06/09 

In the Matter of Kings Road Entertainment, Inc. 34-59257 01/15/09 

SEC v. General Motors Corporation LR-20861 01/22/09 

SEC v. Catherine R. McEnroe, et al. AAER-2922 01/22/09 

In the Matter of Cablevision Systems Corporation AAER-2920 01/22/09 

In the Matter of Catherine R. McEnroe, et al. AAER-2921 01/22/09 

In the Matter of John V. Cracchiolo, CPA AAER-2924 01/26/09 

In the Matter of Jordan H. Mintz AAER-2926 01/26/09 

In the Matter of Rex R. Rogers AAER-2927 01/26/09 

In the Matter of Michelle V. Nguyen (CPA) AAER-2928 01/29/09 

SEC v. Halliburton Company AAER-2935 02/11/09 

SEC v. ITT Corporation AAER-2934 02/11/09 

In the Matter of Ronald M. Bandyk, CPA AAER-2933 02/11/09 

SEC v. Research in Motion Limited, et al. AARE-2937 02/17/09 

In the Matter of David J. Lubben AAER-2939 02/19/09 

In the Matter of Krispy Kreme Doughnuts, Inc. AAER-2941 03/04/09 

In the Matter of Sherry J. Polonsky AAER-2942 03/04/09 

SEC v. Scott A. Livengood, et al. LR-20923 03/04/09 

SEC v. Pediatrix Medical Group, Inc. AAER-2943 03/05/09 

In the Matter of Stephan Husi AAER-2944 03/06/09 
12
 

Name of Case Release No. Date Filed 

SEC v. Martin G. Fraser, et al. LR-20933 03/06/09 

In the Matter of Lisa W. Zappala (CPA) AAER-2945 03/09/09 

SEC v. Allen Barnett, et al. AAER-2946 03/10/09 

SEC v. PowerCold Corporation, et al. LR-20945 03/11/09 

SEC v. MedQuist Inc. LR-20949 03/12/09 

SEC v. John A. Donohoe LR-20949 03/12/09 

SEC v. Brian J. Kearns, et al. LR-20949 03/12/09 

SEC v. Quest Software, Inc., et al. LR-20950 03/12/09 

In the Matter of Andrew Sims, CPA AAER-2950 03/17/09 

SEC v. David G. Friehling, CPA, et al. LR-20959 03/18/09 

In the Matter of Allion Healthcare, Inc., et al. AAER-2951 03/18/09 

SEC v. Escala Group, Inc., et al. LR-20965 03/23/09 

In the Matter of Judith Kudla (CPA) AAER-2954 03/27/09 

In the Matter of Dennis Kavelman, C.A., et al. AAER-2958 03/30/09 

SEC v. Take-Two Interactive Software, Inc. AAER-2957 04/01/09 

In the Matter of Jesus A. Lago, CPA AAER-2960 04/13/09 

In the Matter of Antonio Canova (CPA) AAER-2961 04/13/09 

In the Matter of Stephen P. Corso, Jr., CPA AAER-2962 04/14/09 

SEC v. Osvaldo Pitters, et al. LR-20999 04/14/09 

In the Matter of Stratum Holdings, Inc. AAER-2963 04/14/09 

In the Matter of Kevin E. Brooks, CPA AAER-2964 04/17/09 

In the Matter of Randy S. Casstevens (CPA) AAER-2965 04/21/09 

SEC v. Michael Strauss, et al. LR-21014 04/28/09 

SEC v. Novo Nordisk A/S LR-21033 05/11/09 

In the Matter of Ingram Micro Inc. AAER-2968 05/12/09 

SEC v. Gary A. Ray AAER-2969 05/15/09 

SEC v. WellCare Health Plans, Inc. AAER-2971 05/18/09 

SEC v. Apogee Technology, Inc., et al. AAER-2972 05/19/09 

In the Matter of TMT Capital Corporation AAER-2973 05/21/09 

In the Matter of CSK Auto Corporation AAER-2974 05/26/09 

In the Matter of John T. McDonald, CPA AAER-2975 05/27/09 

In the Matter of Pollard Kelley Auditing Services, Inc., et al. AAER-2978 05/27/09 

In the Matter of Frank P. Sinopoli, CPA AAER-2979 05/27/09 

SEC v. Richard J. Miller, et al. AAER-2977 05/27/09 

In the Matter of United Industrial Corporation AAER-2981 05/29/09 

SEC v. Thomas Wurzel LR-21063 05/29/09 

In the Matter of Sharlene Abrams, CPA AAER-2983 06/01/09 

In the Matter of Dyadic International, Inc. AAER-2984 06/04/09 

SEC v. Angelo Mozilo, et al. LR-21068 06/04/09 

In the Matter of Grayling R. Hofer AAER-2985 06/05/09 

In the Matter of Richard Miller (CPA) AAER-2988 06/09/09 

In the Matter of Michael Beaulieu (CPA) AAER-2986 06/09/09 

In the Matter of Gary Jensen (CPA) AAER-2987 06/09/09 

In the Matter of Elizabeth Monrad, CPA AAER-2989 06/11/09 

SEC v. Jerry D. Cash, et al. AAER-2991 06/17/09 

SEC v. Comverse Technology, Inc. AAER-2994 06/18/09 

SEC v. Ulticom, Inc. AAER-2995 06/18/09 

SEC v. Lisa M. Roberts AAER-2995 06/18/09 

SEC v. Horst W. Schroeder AAER-2998 06/22/09 

In the Matter of Anthony R. Russo, CPA AAER-2996 06/22/09 
13

Name of Case Release No. Date Filed 

SEC v. Stanley Chais LR-21096 06/22/09 

In the Matter of Christi R. Sulzbach AAER-3000 06/25/09 

SEC v. Steven R. Garfinkel, et al. AAER-2999 06/25/09 

In the Matter of Warren B. Schmidgall AAER-3002 06/26/09 

SEC v. Michael T. Rand AAER-3003 07/01/09 

In the Matter of Robert D. Graham, Esq. AAER-3004 07/01/09 

In the Matter of Vernon Jeffrey Harrell AAER-3006 07/02/09 

In the Matter of David Lloyd Pells AAER-3005 07/02/09 

SEC v. Geotec, Inc., et al. LR-21116 07/02/09 

SEC v. Jerry F. Wells, Jr. AAER-3008 07/08/09 

In the Matter of Robert John Hipple 34-60269 07/09/09 

SEC v. Mark T. Turkcan AAER-3011 07/16/09 

SEC v. Matthew W. Hardey, et al. AAER-3012 07/16/09 

In the Matter of LSB Industries, Inc., et al. AAER-3015 07/17/09 

In the Matter of Thomas Stiner, CPA AAER-3014 07/17/09 

In the Matter of Lisa M. Roberts, CPA AAER-3016 07/20/09 

In the Matter of Perry Corp. 34-60351 07/21/09 

SEC v. West Marine, Inc. AAER-3019 07/23/09 

SEC v. Maynard L. Jenkins AAER-3025 07/23/09 

SEC v. Avery Dennison Corporation AAER-3020 07/28/09 

In the Matter of Avery Dennison Corporation AAER-3021 07/28/09 

In the Matter of Integral Systems, Inc. 34-60401 07/30/09 

In the Matter of Helmerich & Payne, Inc. AAER-3026 07/30/09 

SEC v. Steven R. Chamberlain, et al. LR-21159 07/30/09 

In the Matter of Frank S. LaForgia, CPA AAER-3027 07/31/09 

SEC v. Nature’s Sunshine Products, Inc., et al. LR-21162 07/31/09 

SEC v. Kenneth Selterman, et al. AAER-3028 08/03/09 

SEC v. General Electric Company AAER-3029 08/04/09 

SEC v. Maurice R. Greenberg, et al. AAER-3032 08/06/09 

In the Matter of Douglas K. Hutchins AAER-3034 08/12/09 

SEC v. Terex Corporation AAER-3035 08/12/09 

In the Matter of Jaycee James 34-60529 08/18/09 

In the Matter of Entrade, Inc. AAER-3036 08/19/09 

In the Matter of Howard I. Smith, CPA AAER-3037 08/25/09 

In the Matter of Jerry F. Wells, Jr. AAER-3039 08/27/09 

SEC v. Duane N. Martin, et al. LR-21187 08/27/09 

SEC v. Michael J. Moore, et al. AAER-3040 08/27/09 

SEC v. Oscar H. Meza AAER-3041 08/28/09 

SEC v. VeriFone Holdings, Inc., et al. AAER-3044 09/01/09 

In the Matter of Kenneth Selterman, Esq. AAER-3042 09/01/09 

In the Matter of Patti Tay, CPA AAER-3043 09/01/09 

SEC v. The Hain Celestial Group, Inc. AAER-3045 09/03/09 

SEC v. Timothy J. Huff AAER-3046 09/09/09 

In the Matter of Dana Holding Corporation AAER-3048 09/11/09 

SEC v. Bernard Cole, et al. AAER-3049 09/11/09 

SEC v. Stuart W. Fuhlendorf AAER-3050 09/14/09 

SEC v. Isilon Systems, Inc. AAER-3050 09/14/09 

In the Matter of Berdj J.Rassam, CPA AAER-3051 09/15/09 

In the Matter of William D. Shovers, CPA AAER-3053 09/18/09 

In the Matter of Daniel F. Stulac, CPA AAER-3054 09/18/09 
14
 

Name of Case Release No. Date Filed 

In the Matter of Christopher A. Black 34-60715 09/24/09 

SEC v. Christopher A. Black LR-21222 09/24/09 

SEC v. Micahel A. Rivers, et al. LR-21228 09/30/09 

SEC v. AGCO Corporation LR-21229 09/30/09 

Market Manipulation 

SEC v. Lion Gate Capital, Inc., et al. LR-20775 10/07/08 

SEC v. M45 Mining Resources, Inc., et al. LR-20790 10/24/08 

SEC v. Robert Todd Beardsley, et al. LR-20814A 11/19/08 

SEC v. Dennis K. McNeil LR-20814A 11/19/08 

SEC v. National Lampoon, Inc., et al. LR-20828 12/15/08 

SEC v. Advatech Corporation, et al. LR-20828 12/15/08 

SEC v. Alex Kanakaris, et al. LR-20828 12/15/08 

SEC v. George David Gordon, et al. LR-20892 02/10/09 

SEC v. George Georgiou LR-20899 02/12/09 

In the Matter of Diamondback Capital Management, LLC 34-59428 02/20/09 

In the Matter of Daniel Baldwin, Jr. 34-59470 02/27/09 

SEC v. Anthony Fareri, et al. LR-20931 03/05/09 

SEC v. The Regency Group, LLC, et al. LR-20937 03/09/09 

SEC v. Paul M. Gozzo, et al. LR-20957 03/17/09 

SEC v. Sky Way Global LLC, et al. LR-20960 03/18/09 

SEC v. Frank C. Calmes, et al. LR-20984 04/02/09 

SEC v. Richard Karp LR-21054 05/21/09 

SEC v. Pawel P. Dynkowski, et al. LR-21053 05/21/09 

SEC v. Wall Street Communications, Inc., et al. LR-21070 06/05/09 

SEC v. Forest Resources Management Corp., et al. LR-21080 06/11/09 

SEC v. Znext Mining Corporation, Inc., et al. LR-21084 06/12/09 

SEC v. Michael J. Muzio LR-21104 06/24/09 

SEC v. Prime Time Group, Inc. LR-21105 06/25/09 

SEC v. Pointer Worldwide, Ltd., et al. LR-21122 07/09/09 

SEC v. David M. Otto, et al. LR-21126 07/13/09 

SEC v. Excellency Investment Realty Trust, Inc., et al. LR-21138 07/17/09 

SEC v. Hazem Khalid Al-Braikan LR-21152 07/23/09 

SEC v. Albert J. Rasch, Jr., et al. LR-21169 08/05/09 

In the Matter of Hazan Capital Management, LLC, et al. 34-60441 08/05/09 

SEC v. L. Daniel Ferrer LR-21176 08/12/09 

SEC v. Eric Todd Seiden, et al. LR-21179 08/18/09 

In the Matter of Anthony Martin 34-60538 08/19/09 

In the Matter of L. Daniel Ferrer, Esq. AAER-3038 08/26/09 

SEC v. Golden Apple Oil and Gas, Inc., et al. LR-21193 09/01/09 

SEC v. Gary A. Reys LR-21200 09/08/09 

SEC v. CellCyte Genetics Corporation, et al. LR-21200 09/08/09 

SEC v. Daryl O. Anderson LR-21204 09/11/09 

SEC v. Jason M. Genet LR-21232 09/30/09 

SEC v. Robert J. Sucarato None 

Miscellaneous 

SEC v. Lewis E. Graham II, et al. LR-20888 02/06/09 
15
 

Name of Case Release No. Date Filed 

SEC v. Gary Richetelli LR-20934 03/06/09 

Municipal Offering 

In the Matter of Wolfe & Hurst Bond Brokers, Inc., et al. 34-59913 05/13/09 

In the Matter of Merchant Capital, LLC 34-60043 06/04/09 

Securities Offerings 

SEC v. Paul D. Poetter, et al. LR-21206 09/11/06 

SEC v. Jonathan W. Mikula, et al. LR-20773 10/06/08 

SEC v. Next Components, Ltd., et al. LR-20772 10/06/08 

In the Matter of Jeremy D. Jobe 34-58750 10/08/08 

In the Matter of Anne B. Liebermann 34-58815 10/20/08 

SEC v. Raymond Thomas, et al. LR-20787 10/22/08 

SEC v. Andres L. Pimstein, et al. LR-20794 10/30/08 

In the Matter of Carmine J. Bua 34-58919 11/07/08 

SEC v. Jeffrey Laumbattus, et al. LR=20800 11/07/08 

SEC v. Biltmore Financial Group, Inc., et al. LR-20807 11/13/08 

In the Matter of Ricardo H. Goldman 34-58976 11/19/08 

In the Matter of Prosper Marketplace, Inc. 33-8984 11/24/08 

SEC v. William J. Boots Del Biaggio III LR-20820 12/04/08 

SEC v. Marc S. Dreier LR-20823 12/08/08 

In the Matter of George L. Phelps 34-59130 12/22/08 

SEC v. Star Exploration, Inc., et al. LR-20837 12/23/08 

SEC v. Creative Capital Consortium, LLC, et al. LR-20840 12/30/08 

SEC v. Joseph S. Forte, et al. LR-20847 01/08/09 

In the Matter of Jason A. Kolakowski 34-59220 01/08/09 

In the Matter of Howard Graham 34-59226 01/12/09 

SEC v. CRE Capital Corp., et al. LR-20853 01/15/09 

SEC v. BarrierMed, Inc., et al. LR-20854 01/15/09 

SEC v. Marco Glisson LR-20855 01/15/09 

SEC v. Rod Cameron Stringer LR-20857 01/21/09 

SEC v. Gordon B. Grigg, et al. LR-20873 01/28/09 

SEC v. Gen-See Capital Corp., et al. LR-20874 01/30/09 

SEC v. Scott M. Ross LR-20879 02/04/09 

SEC v. Enterprises, LLC, et al. LR-20883 02/05/09 

SEC v. Ross Owen Haugen LR-20886 02/06/09 

SEC v. Craig T. Jolly, et al. LR-20890 02/09/09 

SEC v. William L. Walters LR-20904 02/18/09 

SEC v. Billion Coupons, Inc., et al. LR-20906 02/19/09 

In the Matter of Joseph Lovaglio 34-59436 02/24/09 

SEC v. Stefan H. Benger, et al. LR-20881 02/24/09 

In the Matter of Alan Brian Baiocchi 34-59443 02/24/09 

SEC v. North Hills Management LLC, et al. LR-20913 02/25/09 

SEC v. Phillip R. Trujillo, et al. LR-20917 02/27/09 

SEC v. Daren L. Palmer, et al. LR-20918 02/27/09 

SEC v. Ray M. White, et al. LR-20925 03/05/09 

SEC v. Diversified Lending Group, Inc., et al. LR-20926 03/05/09 

SEC v. Shelby Dean Martin, et al. LR-20935 03/06/09 
16
 

Name of Case Release No. Date Filed 

In the Matter of Cancer Detection Corporation 33-9015 03/09/09 

In the Matter of HS3 Technologies, Inc. 33-9014 03/09/09 

SEC v. Brian J. Smart, et al. LR-20946 03/12/09 

SEC v. Sunwest Management, Inc., et al. LR-20951 03/13/09 

In the Matter of Jeanne M. Rowzee 34-59604 03/19/09 

SEC v. Anthony Vassallo, et al. LR-20967 03/23/09 

SEC v. International Realty Holdings, Inc., et al. LR-20968 03/23/09 

SEC v. Innova Energy LLC, et al. LR-20969 03/24/09 

SEC v. Gerald P. Alexander, et al. LR-20973 03/25/09 

SEC v. Millennium Bank, et al. LR-20974 03/26/09 

SEC v. John Hyun Joon Min, et al. LR-20931 03/31/09 

In the Matter of Dan Wise, CPA AAER-2959 04/03/09 

In the Matter of Cort L. Poyner 34-59707 04/06/09 

SEC v. Oversea Chinese Fund Limited Partnership, et al. LR-20988 04/06/09 

SEC v. Whispering Winds Properties, LLC, et al. LR-20987 04/06/09 

SEC v. Market Street Advisors, et al. LR-20992 04/07/09 

In the Matter of Mark Tuminello 33-9023 04/09/09 

In the Matter of Laurence G. Young 34-59783 04/17/09 

In the Matter of Gordon B. Grigg IA-2869 04/20/09 

SEC v. Benny L. Judah, et al. LR-21009 04/22/09 

SEC v. David Praise, et al. LR-21011 04/24/09 

SEC v. Ponta Negra Fund I, LLC, et al. LR-21012 04/27/09 

SEC v. Private Equity Management Group LLC, et al. LR-21013 04/27/09 

In the Matter of Michael D. Smith 34-59840 04/29/09 

SEC v. Golden State Equity Investors, Inc. LR-21019 04/30/09 

SEC v. Robert P. Copeland LR-21026 05/06/09 

SEC v. Hartmut Theodor Rose, et al. LR-21031 05/08/09 

SEC v. Kiselak Capital Group, LLC, et al. LR-21035 05/11/09 

SEC v. Daniel W. Nodurft LR-21034 05/11/09 

SEC v. Sherbourne Capital Management, Ltd., et al. LR-21038 05/14/09 

SEC v. Wellco Energy, LLC, et al. LR-21040 05/15/09 

SEC v. Gordon A. Driver, et al. LR-21041 05/15/09 

SEC v. Sun Empire LLC, et al. LR-21045 05/18/09 

SEC v. Monster Worldwide, Inc. LR-21042 05/18/09 

In the Matter of Michael P. Owens 34-59940 05/19/09 

SEC v. PrivateFX Global One Ltd., SA, et al. LR-21056 05/26/09 

SEC v. Pegasus Wireless Corp., et al. LR-21060 05/27/09 

In the Matter of Stanley Johnson 34-60003 05/29/09 

SEC v. Mark R. Hamlin, et al. LR-21064 05/29/09 

SEC v. David E. Ruskjer LR-21062 05/29/09 

In the Matte of David B. Stocker, Esq. 34-60016 06/01/09 

In the Matter of Charles F. Lewis 34-60025 06/02/09 

SEC v. John M. Donnelly, et al. LR-21073 06/09/09 

Berkshire Resources, LLC, et al. LR-21074 06/09/09 

SEC v. Peter C. Son, et al. LR-21076 06/09/09 

SEC v. Christopher M. Kunkel LR-21077 06/09/09 

In the Matter of Brent Lemons 34-60092 06/10/09 

In the Matter of Ricky D. Van Vleet 34-60095 06/11/09 

SEC v. John S. Morgan, et al. LR-21082 06/12/09 

SEC v. Blackout Media Corporation, et al. AAER-2990 06/12/09 
17
 

Name of Case Release No. Date Filed 

SEC v. David J. Hernandez LR-21085 06/15/09 

In the Matter of Michael J. Kiselak 34-60120 06/16/09 

SEC v. Horizon Property Holdings, L.C., et al. LR-21088 06/17/09 

In the Matter of Ram Capital Resources, LLC, et al. 34-60149 06/19/09 

In the Matter of Lawrence D. Morris 34-60171 06/25/09 

In the Matter of Mark R. Hamlin IA-2896 06/26/09 

SEC v. Finbar Securities Corp., et al. LR-21109 06/29/09 

SEC v. James H. Park LR-21115 07/01/09 

In the Matter of Christopher M. Kunkel 34-60241 07/02/09 

In the Matter of Craig Alan Riley 34-60244 07/06/09 

SEC v. Provident Royalties, LLC, et al. LR-21118 07/07/09 

SEC v. Thomas J. Petters, et al. LR-21124 07/10/09 

SEC v. Sean Nathan Healy, et al. LR-21127 07/14/09 

SEC v. John W. Lawton, et al. LR-21135 07/15/09 

SEC v. The Formula, Inc., et al. LR-21142 07/21/09 

In the Matter of Chandrashekhar Gopinathan 33-9057 07/27/09 

SEC v. Darryl Lamonth Clark LR-21153 07/27/09 

SEC v. Radical Bunny, LLC, et al. LR-21157 07/28/09 

SEC v. John J. Bravata, et al. LR-21155 07/28/09 

SEC v. Diversity Capital Investments, Inc., et al. LR-21158 07/29/09 

SEC v. Steven E. Tennies, et al. LR-21161 07/31/09 

SEC v. Medical Capital Holdings, Inc., et al. LR-21165 08/03/09 

SEC v. Omar Ali Rizvi, et al. LR-21167 08/04/09 

SEC v. 2Randall Consulting Group, LLC, et al. LR-21173 08/07/09 

SEC v. Frank Dipascali, Jr. LR-21174 08/11/09 

SEC v. Mohit A. Khanna, et al. LR-21181 08/20/09 

In the Matter of Albert J. Rasch, Jr., Esq. 34-60557 08/21/09 

In the Matter of Kathleen R. Novinger, Esq. 34-60558 08/21/09 

SEC v. Darrel West, et al. LR-21182 08/21/09 

SEC v. Ben-Wal Leasing Company, et al. LR-21188 08/27/09 

SEC v. William Graulich, IV, et al. LR-21186 08/27/09 

SEC v. David A. Souza, et al. LR-21191 08/31/09 

SEC v. Doyle Scott Elliott, et al. LR-21197 09/03/09 

SEC v. Jeffrey L. Mowen, et al. LR-21196 09/03/09 

SEC v. Philip G. Barry, et al. LR-21199 09/08/09 

SEC v. Sidney S. Hanson, et al. LR-21198 09/08/09 

SEC v. Robert D. Falor, et al. LR-21208 09/11/09 

SEC v. Tony E. Morrison, et al. LR-21212 09/16/09 

In the Matter of Regions Bank 33-9065 09/21/09 

SEC v. Regions Bank LR-21215 09/21/09 

SEC v. David L. Hersh LR-21218 09/22/09 

SEC v. ConnectAJet.com, Inc., et al. LR-21220 09/23/09 

SEC v. Maximum Return Investments, Inc., et al. LR-21225 09/28/09 

SEC v. George Wesley Harris, et al. LR-21226 09/28/09 

SEC v. Frank Bluestein LR-21223 09/28/09 

SEC v. 3001 AD, LLC, et al. LR-21227 09/29/09 

SEC v. K&L International Enterprises, Inc., et al. LR-21231 09/30/09 

SEC v. William A. Huber, et al. LR-21230 09/30/09 

SEC v. Hedgelender LLC, et al. LR-21234 10/01/09 

SEC v. Irwin Boock, et al. LR-21243 10/08/09 
18

Name of Case Release No. Date Filed 

Transfer Agent 

In the Matter of Ronald B. Hogan 

In the Matter of Karnig H. Durgarian, Jr. 

In the Matter of Donald F. McCracken 

34-58907 

34-58908 

34-60308 

11/06/08 

11/06/08 

07/15/09 
 

19

Table 4
 

INVESTIGATIONS OF POSSIBLE VIOLATIONS OF THE ACTS 

ADMINISTERED BY THE COMMISSION
 

Pending as of October 1, 2008.............................................................................4,088*
 

Opened in Fiscal Year 2009 ......................................................................................944
 

Total...................................................................................................................................... 5,032
 

Closed in Fiscal Year 2009.........................................................................................716
 

Pending as of September 30, 2009 .................................................................................... 4,316
 

Formal Orders of Investigation 

Issued in Fiscal Year 2009......................................................................................... 496 

* * * * * *

 Right to Financial Privacy 

Section 21(h) of the Securities Exchange Act of 1934 [15 U.S.C. 78u(h)(6)] requires that the 

Commission “compile an annual tabulation of the occasions on which the Commission used 

each separate subparagraph or clause of [Section 21(h)(2)] or the provisions of the Right 

to Financial Privacy Act of 1978 [12 U.S.C. 3401-22 (the RFPA)] to obtain access to financial 

records of a customer and include it in its annual report to the Congress.” During the fiscal 

year, the Commission issued one subpoena under Section 21(h)(2)(A)(3). Set forth below are 

the number of occasions on which the Commission obtained customer records pursuant to 

the provisions of the RFPA: 

Section 1104 (Customer Authorizations) 16 

Section 1105 (Administrative Subpoenas) 423 

Section 1107 (Judicial Subpoenas) 37 

Section 1109 (Delayed Customer Notice) 0 

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

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

management system. 
20
 

Table 5
 

SEC Total Investor Contacts By Fiscal Year 

73,481 76,221 77,274 77,174

80,788 82,060

-

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

90,000

2004 2005 2006 2007 2008 2009
21
 

Table 6
 

TEN MOST COMMON COMPLAINTS 

Complaint Type FY 2009 FY 2008 Change Rank in 2008 

Account Closing: Problems with Redemption, 

1
 Liquidation or Closing 

2 Short Selling 1,301 1,735 Down 25% 1 

3
 Theft of Funds or Securities 

4 Manipulation of Securities, Prices or Markets 1,201 910 Up 32% 4 

5
 Advance Fee Fraud (Securities Related) 

6 

Misrepresentations: Inaccurate or Incomplete 

Disclosures 1,137 1,130 Up 1% 3 

7
 Retirement Plans or 401(k) Plans 

8 Bankruptcy/Issuer Reorganization 822 561 Up 47% N/A 

9
 Delivery of Funds or Proceeds 

1,393
 

1,283
 

1,170
 

903
 

808
 

867
 

589
 

1,532
 

959
 

710
 

Up 61% 

Up 118% 

Down 24% 

Down 6%
 

Up 14%
 

6
 

10
 

2
 

N/A
 

8
 

10 

Failure to Disclose Relevant Information about 

Investments 769 785 Down 2% 7 
22
 

Table 7
 

UNCONSOLIDATED FINANCIAL INFORMATION FOR BROKER-DEALERS 

2004 - 2008 1/
 

($ in Millions) 

2004 2005 2006 2007 2008 

Revenues 

Securities Commissions $ 47,569.0 $ 46,803.2 $ 49,671.4 $ 54,371.6 $ 55,168.5 

Gains (Losses) in Trading and

 Investment Accounts 30,669.9 30,681.0 55,193.1 4,132.1 -55,305.0 

Profits (Losses) from Underwriting

 and Selling Groups 19,099.0 19,877.7 23,623.2 26,502.7 16,330.9 

Margin Interest 6,983.7 13,269.8 23,689.5 32,293.0 18,134.0 

Revenues from Sale of Investment

 Company Shares 18,549.9 20,698.8 23,346.0 26,227.5 22,082.1 

All Other Revenues 120,058.2 201,170.5 282,940.6 352,990.0 240,180.2 

Total Revenues $242,929.6 $332,501.1 $458,463.7 $496,516.9 $296,590.8 

Expenses
 

Registered Representatives’

 Compensation (Part II Only) 2/ $ 29,973.4 $ 31,712.5 $ 36,606.7 $ 38,714.6 $ 34,956.4 

Other Employee Compensation

 and Benefits 50,018.6 53,771.0 63,151.3 63,872.0 56,256.1 

Compensation to Partners and

 Voting Stockholder Officers 3,488.2 3,329.9 3,623.8 3,718.4 3,808.5 

Commissions and Clearance Paid

 to Other Brokers 17,374.6 18,645.3 21,980.5 25,890.6 26,398.3 

Interest Expenses 59,726.0 140,239.9 226,146.5 282,238.7 122,712.6 

Regulatory Fees and Expenses 1,670.2 1,787.7 1,906.3 2,043.2 1,987.8 

All Other Expenses 2/ 57,489.7 61,830.8 66,481.3 74,978.6 74,026.6 

Total Expenses $219,740.7 $311,317.0 $419,896.5 $491,456.0 $320,146.3 

Income and Profitability
 

Pre-tax Income $ 23,188.9 $21,184.1 $ 38,567.2 $ 5,060.9 -$23,555.5 

Pre-tax Profi t Margin 9.5% 6.4% 8.4% 1.0% -7.9 %
 

Pre-tax Return on Equity 15.0% 13.1% 22.1% 2.7% -12.8 %
 

Assets, Liabilities and Capital
 

Total Assets $4,830,925.7 $5,215,073.0 $6,221,520.8 $6,777,335.6 $4,441,382.6 

Liabilities
 

(a) Unsubordinated Liabilities 4,584,567.8 4,952,054.3 5,930,650.0 6,439,951.4 4,118,697.2 

(b) Subordinated Liabilities 86,665.6 98,912.6 106,241.0 150,895.3 141,803.9 

(c) Total Liabilities $4,671,233.4 $5,050,966.9 $6,036,891.0 $6,590,846.7 $4,260,501.1 

Ownership Equity $159,692.3 $164,106.1 $184,629.7 $186,488.9 $180,881.5 

Number of Firms 6,284 6,016 5,808 5,562 5,178 

Figures may not add due to rounding. 

1/ Calendar, rather than fiscal, year data is reported in this table.
 

2/ Registered representatives’ compensation for firms that neither carry nor clear is included in “other expenses” as this expense item is not reported separately on 

Part IIA of the FOCUS Report.
 

Source: FOCUS Report
 
23
 

Table 8
 

UNCONSOLIDATED ANNUAL REVENUES AND EXPENSES FOR BROKER-DEALERS 

DOING A PUBLIC BUSINESS 

2004 - 2008 1/
 

($ in Millions) 

2004 2005 2006 2007 2008 

Revenues 

Securities Commissions $ 46,811.5 $ 46,246.4 $ 49,159.8 $ 53,946.1 $ 54,724.8 

Gains (Losses) in Trading and

 Investment Accounts 26,045.4 25,931.9 48,217.5 -2,964.0 -61,890.7 

Profits (Losses) from Underwriting

 and Selling Groups 19,099.0 19,879.2 23,627.9 26,502.7 16,330.9 

Margin Interest 6,924.4 13,246.0 23,687.7 32,286.9 18,134.7 

Revenues from Sale of Investment

 Company Shares 18,549.9 20,698.9 23,346.0 26,227.5 22,081.8 

All Other Revenues 117,602.0 195,297.6 272,325.1 339,802.4 232,150.0 

Total Revenues $235,032.3 $321,300.0 $440,364.0 $475,801.5 $281,531.6 

Expenses
 

Registered Representatives’

 Compensation (Part II Only) 2/ $ 29,959.0 $ 31,711.6 $ 36,604.7 $38,691.8 $ 34,955.4 

Other Employee Compensation

 and Benefits 49,178.7 52,908.1 62,146.3 62,858.4 54,804.1 

Compensation to Partners and

 Voting Stockholder Officers 3,319.3 3,165.1 3,449.7 3,569.9 3,602.0 

Commissions and Clearance Paid

 to Other Brokers 16,909.9 18,258.9 21,479.0 25,305.1 25,721.6 

Interest Expenses 57,913.6 136,122.4 217,923.2 271,874.1 121,336.8 

Regulatory Fees and Expenses 1,464.3 1,557.0 1,632.3 1,824.1 1,773.2 

All Other Expenses 2/ 55,466.3 59,963.3 63,809.1 71,520.4 71,536.6 

Total Expenses $214,211.0 $303,686.4 $407,044.2 $475,643.7 $313,729.8 

Income and Profitability
 

Pre-tax Income $20,821.3 $17,613.6 $33,319.8 $157.8 -$32,198.2 

Pre-tax Profi t Margin 8.9% 5.5% 7.6% 0.0% -11.4 %
 

Pre-tax Return on Equity 14.9% 12.0% 21.3% 0.1% -19.2%
 

Number of Firms 5,231 5,143 5,077 4,991 4,708 

Figures may not add due to rounding.
 

1/ Calendar, rather than fiscal, year data is reported in this table.
 

2/ Registered representatives’ compensation for firms that neither carry nor clear is included in “other expenses” as this 

expense item is not reported separately on Part IIA of the FOCUS Report.
 

Source: FOCUS Report
 
 

 

 

 

24

Table 9
 

UNCONSOLIDATED BALANCE SHEET FOR BROKER-DEALERS 

DOING A PUBLIC BUSINESS 

YEAR-END, 2004 - 2008 1/
 

($ in Millions) 

2004 2005 2006 2007 2008 

Assets 

Cash $ 64,996.5 $ 59,502.8 $ 85,695.8 $ 109,501.5 $ 126,326.1 

Receivables from Other

 Broker-Dealers 1,792,465.9 1,941,595.2 2,465,769.3 2,534,768.8 1,406,955.4 

Receivables from Customers 214,374.0 202,277.2 252,147.2 261,413.4 140,964.1 

Receivables from Non-customers 44,085.5 28,989.0 37,937.7 65,205.8 22,174.2 

Long Positions in Securities

 and Commodities 1,071,660.1 1,184,107.5 1,383,270.8 1,593,015.7 1,179,516.7 

Securities and Investments

 not Readily Marketable 13,489.6 14,696.7 19,615.7 21,165.2 11,335.1 

Securities Purchased Under Agreements

 to Resell (Part II only) 2/ 1,189,010.4 1,288,647.4 1,342,498.3 1,473,453.8 1,186,011.1 

Exchange Membership 666.5 769.3 312.1 343.1 297.7 

Other Assets 2/ 213,735.9 249,177.4 320,858.9 355,164.4 207,340.6 

Total Assets $4,604,484.3 $4,969,762.5 $5,908,105.6 $ 6,414,031.7 $4,280,920.8 

Liabilities and Equity Capital 

Bank Loans Payable $ 90,173.4 $ 97,655.4 $ 104,855.4 $ 114,438.7 $ 43,251.3 

Payables to Other Broker-dealers 1,033,641.6 1,018,199.3 1,222,095.1 1,302,092.0 544,974.5 

Payables to Non-customers 63,782.6 67,301.4 102,941.8 105,636.7 83,576.6 

Payables to Customers 510,339.9 508,372.3 560,712.9 761,135.8 665,648.9 

Short Positions in Securities

 and Commodities 504,689.8 487,003.6 558,532.3 523,353.2 295,773.0 

Securities Sold Under Repurchase 

Agreements (Part II only) 2/ 1,801,674.5 2,124,355.6 2,579,075.1 2,796,745.3 1,992,187.1 

Other Non-subordinated Liabilities 2/ 370,991.2 421,882.5 510,191.8 492,080.3 347,333.0 

Subordinated Liabilities 84,628.1 96,871.1 104,311.0 149,696.4 141,000.0 

Total Liabilities $4,459,921.2 $4,821,641.1 $5,742,715.4 $6,245,178.3 $4,113,744.4 

Equity Capital $144,563.1 $148,121.4 $165,390.2 $168,853.5 $167,176.4 

Number of Firms 5,231 5,143 5,077 4,991 4,708 

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 nonsubordinated liabilities,” respectively, as these items are not reported separately on Part IIA of the FOCUS Report.
 

Source: FOCUS Report
 
25
 

Table 10
 

UNCONSOLIDATED REVENUES AND EXPENSES FOR 

CARRYING/CLEARING BROKER-DEALERS 1/ 

($ in Millions)

 2007 2008 

Percent Percent Percent 

of Total of Total Change 

Dollars Revenues Dollars Revenues 2007-2008 

Revenues 

Securities Commissions $ 38,404.5 9.3% $ 39,221.7 17.5% 2.1% 

Gains (Losses) in Trading and

 Investment Accounts -6,971.4 -1.7 -63,863.2 -28.5 816.1 

Profits (Losses) from Underwriting

 and Selling Groups 24,657.8 6.0 15,095.3 6.7 -38.8 

Margin Interest 32,286.9 7.8 18,134.7 8.1 -43.8 

Revenues from Sale of Investment

 Company Shares 14,003.6 3.4 11,531.8 5.2 -17.7 

Miscellaneous Fees 26,054.4 6.3 25,238.8 11.3 -3.1 

Revenues from Research 54.3 0.0 78.2 0.0 44.0 

Commodities Revenues 2,745.2 0.7 5,356.1 2.4 95.1 

All Other Revenues 280,344.1 68.1 172,990.7 77.3 -38.3 

Total Revenues $411,579.3 100.0% $223,783.9 100.0% -45.6% 

Expenses
 

Registered Representatives’

 Compensation $ 38,691.8 9.4% $ 34,955.4 15.6% -9.7% 

Other Employee Compensation

 and Benefits 46,342.3 11.3 39,368.7 17.6 -15.0 

Compensation to Partners and

 Voting Stockholder Officers 1,240.8 0.3 1,231.5 0.6 -0.7 

Commissions and Clearance Paid

 to Other Brokers 10,896.5 2.6 11,902.8 5.3 9.2 

Communications 6,013.5 1.5 6,013.8 2.7 0.0 

Occupancy and Equipment Costs 6,633.4 1.6 6,800.0 3.0 2.5 

Data Processing Costs 3,807.8 0.9 3,390.0 1.5 -11.0 

Interest Expenses 270,994.1 65.8 120,943.3 54.0 -55.4 

Regulatory Fees and Expenses 1,530.0 0.4 1,515.3 0.7 -1.0 

Losses in Error Accounts and

 Bad Debts 243.4 0.1 1,415.8 0.6 481.7 

All Other Expenses 31,684.2 7.7 30,722.1 13.7 -3.0 

Total Expenses $418,077.8 101.6% $258,258.6 115.4% -38.2% 

Income and Profitability
 

Pre-tax Income -$6,498.4 -1.6% -$34,474.7 -15.4% 430.5%
 

Pre-tax Profi t Margin -1.6% -15.4%
 

Pre-tax Return on Equity -4.7% -24.7%
 

Number of Firms 545 514 

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. 

Source: FOCUS Report 
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

26

Table 11
 

UNCONSOLIDATED BALANCE SHEET FOR CARRYING/CLEARING 

BROKER-DEALERS 1/ 

($ in Millions)
 

2007 2008 

Percent Percent Percent 

of Total of Total Change 

Dollars Assets Dollars Assets 2007-2008 

Assets 

Cash $ 104,185.6 1.6% $ 121,775.1 2.9% 16.9% 

Receivables from Other Broker-Dealers 2,516,269.9 39.8 1,401,803.5 33.3 -44.3 

(a) Securities Failed to Deliver 60,181.3 1.0 43,012.2 1.0 -28.5 

(b) Securities Borrowed 2,347,269.7 37.1 1,234,867.0 29.3 -47.4 

(c) Other 108,818.9 1.7 123,924.3 2.9 13.9 

Receivables from Customers 261,413.4 4.1 140,964.1 3.3 -46.1 

Receivables from Non-customers 63,755.7 1.0 21,101.8 0.5 -66.9 

Long Positions in Securities and Commodities 1,544,687.8 24.4 1,137,303.5 27.0 -26.4 

(a) Bankers Acceptances, Certificates 

of Deposit and Commercial Paper 86,400.1 1.4 67,454.9 1.6 -21.9 

(b) U.S. and Canadian Government 

Obligations 728,555.5 11.5 721,880.1 17.1 -0.9 

(c) State and Municipal Government 

Obligations 49,316.1 0.8 38,646.9 0.9 -21.6 

(d) Corporate Obligations 365,368.6 5.8 130,467.3 3.1 -64.3 

(e) Stocks and Warrants 217,586.0 3.4 109,151.2 2.6 -49.8 

(f) Options 32,627.0 0.5 29,834.8 0.7 -8.6 

(g) Arbitrage 13,000.0 0.2 3,258.6 0.1 -74.9 

(h) Other Securities 51,282.3 0.8 37,459.7 0.9 -27.0 

(i) Spot Commodities 1,528.5 0.0 73.7 0.0 -95.2 

Securities and Investments Not Readily 

Marketable 20,487.9 0.3 10,827.4 0.3 -47.2 

Securities Purchased Under Agreements 

to Resell 1,473,453.8 23.3 1,186,011.1 28.2 -19.5 

Exchange Membership 321.7 0.0 291.0 0.0 -9.5 

Other Assets 341,136.1 5.4 193,041.9 4.6 -43.4 

Total Assets $6,325,712.0 100.0% $4,213,119.2 100.0% -33.4% 

Liabilities and Equity Capital 

Bank Loans Payable $ 103,303.2 1.6% $ 34,941.4 0.8% -66.2% 

Payables to Other Broker-dealers 1,276,349.5 20.2 527,545.9 12.5 -58.7 

(a) Securities Failed to Receive 77,301.4 1.2 45,319.8 1.1 -41.4 

(b) Securities Loaned 1,128,205.9 17.8 432,249.6 10.3 -61.7 

(c) Other 70,842.2 1.1 49,976.6 1.2 -29.5 

Payables to Non-customers 104,548.6 1.7 82,868.6 2.0 -20.7 

Payables to Customers 761,135.8 12.0 665,648.9 15.8 -12.5 

Short Positions in Securities 

and Commodities 512,768.9 8.1 290,041.0 6.9 -43.4 

Securities Sold Under Repurchase 

Agreements 2,796,745.3 44.2 1,992,187.1 47.3 -28.8 

Other Non-subordinated Liabilities 484,450.2 7.7 341,459.6 8.1 -29.5 

Subordinated Liabilities 146,900.4 2.3 138,599.4 3.3 -5.7 

Total Liabilities $6,186,201.9 97.8% $4,073,291.8 96.7% -34.2% 

Equity Capital $139,510.1 2.2% $139,827.4 3.3% 0.2% 

Number of Firms 545 514 

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. 

Source: FOCUS Report 
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

27

Table 12 

TRANSACTION ACTIVITY IN EQUITIES, OPTIONS, AND SECURITY FUTURES 

Option 

Exercises Security

 Equity Option and Futures Futures 

Year Total Trading Trading Deliveries Trading 1/ 

1990 $ 2,229,226 $ 2,153,676 $ 27,219 $ 48,331 

1991 $ 2,666,702 $ 2,590,422 $ 27,104 $ 49,177 

1992 $ 3,148,024 $ 3,077,507 $ 26,586 $ 43,931 

1993 $ 4,261,937 $ 4,179,743 $ 33,779 $ 48,415 

1994 $ 4,591,283 $ 4,501,577 $ 35,883 $ 53,823 

1995 $ 6,321,475 $ 6,207,746 $ 50,803 $ 62,926 

1996 $ 8,266,339 $ 8,123,748 $ 67,862 $ 74,729 

1997 $11,692,830 $11,487,872 $ 104,535 $ 100,422 

1998 $15,164,183 $14,903,153 $ 140,261 $ 120,769 

1999 $23,218,783 $22,813,331 $ 260,294 $ 145,159 

2000 $36,275,278 $35,557,087 $ 485,106 $ 233,085 

2001 $26,138,050 $25,636,203 $ 277,549 $ 224,298 

2002 $23,028,157 $22,657,944 $ 161,278 $ 208,935 307,169 

2003 $22,737,469 $22,291,534 $ 164,085 $ 281,851 2,501,247 

2004 $27,875,851 $27,158,223 $ 222,962 $ 494,666 2,175,093 

2005 $34,567,580 $33,222,684 $ 350,365 $ 994,531 5,493,850 

2006 $43,940,594 $41,797,793 $ 531,302 $1,611,498 7,793,480 

2007 $66,135,906 $63,064,287 $ 860,659 $2,210,959 7,858,431 

2008 $82,012,446 $78,653,007 $1,095,766 $2,263,674 3,733,682 

Calendar Year 2008 

Amex $ 548,817 $ 376,698 $ 56,044 $ 116,075 0 

BATS $ 1,089,660 $ 1,089,660 $ 0 $ 0 0 

BSE $ 124,491 $ 0 $ 42,162 $ 82,329 0 

CBOE $ 1,017,957 $ 191,583 $ 267,569 $ 558,804 0 

CHX $ 417,092 $ 417,092 $ 0 $ 0 0 

CMX $ 1 $ 0 $ 0 $ 1 2,483 

ISE $ 1,557,079 $ 759,431 $ 268,937 $ 528,711 0 

FINRA $21,561,014 $21,561,014 $ 0 $ 0 0 

NASDAQ $24,999,564 $24,974,977 $ 9,311 $ 15,276 0 

NSX $ 1,043,269 $ 1,043,269 $ 0 $ 0 0 

NYSE $12,766,938 $12,766,938 $ 0 $ 0 0 

OneChicago $ 8,119 $ 0 $ 0 $ 8,119 3,731,199 

Arca $16,115,999 $15,429,211 $ 222,169 $ 464,620 0 

Phlx $ 762,446 $ 43,131 $ 229,576 $ 489,739 0 

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.