SELECT SEC AND MARKET DATA

FISCAL 2012

Contents

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

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

Fiscal 2012 Enforcement Cases by Program Area............................................................................... 4

Investigations of Possible Violations of the Acts Administered by the Commission ......................... 20

Right to Financial Privacy .................................................................................................................... 20

Investor Complaints and Questions .................................................................................................... 21

Ten Most Common Complaints............................................................................................................ 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 2012

● Obtained orders in SEC judicial and administrative proceedings requiring securities

violators to disgorge illegal profits of approximately $2.083 billion and to pay penalties of approximately $1.021 billion.

● Sought orders barring 137 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 25 actions, and sought asset

freezes in 31 actions.**

● Filed 9 actions to enforce investigative subpoenas.

● Halted trading in securities of 651 issuers about which there was inadequate public

disclosure.

In SEC-related criminal cases, prosecutors filed 126 indictments, informations, or contempts

in Fiscal 2012.

*Revised June 01, 2015 from 120 as originally published.

**Revised June 01, 2015 from 24 TROs and 29 asset freezes as originally published.
3

TABLE 2

ENFORCEMENT ACTION SUMMARY CHART

FOR FISCAL YEAR 2012 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 Civil Administrative Total % of 

Actions Proceedings Total Actions

Securities Offering 73 (302) 16 (19) 89 (321) 12.1%

Issuer Reporting and Disclosure 39 (106) 40 (45) 79 (151) 10.8%

FCPA 14 (24) 1 (2) 15 (26) 2.0%

(formerly a subset of Issuer Reporting & Disclosure)

Investment Advisors/Investment Companies 35 (81) 112 (149) 147 (230) 20.0%

Transfer Agent 0 (0) 5 (6) 5 (6) 0.7%

Delinquent Filings 0 (0) 127 (469) 127 (469) 17.3%

Broker Dealer 7 (27) 127 (162) 134 (189) 18.3%

Insider Trading 52 (125) 6 (6) 58 (131) 7.9%

Market Manipulation 35 (120) 11 (16) 46 (136) 6.3%

Contempt 9 (11) 0 (0) 9 (11) 1.2%

Municipal Securities & Public Pensions 6 (11) 11 (12) 17 (23) 2.3%

(formerly Municipal Offerings)

Miscellaneous 2 (6) 3 (4) 5 (10) 0.7%

SRO or Exchange 0 (0) 3 (6) 3 (6) 0.4%

TOTALS 272 (813) 462 (896) 734 (1709) 100%
4

Broker-Dealer

In the Matter of Richard A. Hansen 34-65513 10/07/11

In the Matter of Jeffrey Greeney 34-65589 10/18/11

In the Matter of Sergey Rumyantsev 34-65584 10/18/11

In the Matter of Aaron S. Lamkin 34-65756 11/16/11

In the Matter of The Regency Group, LLC 34-65757 11/16/11

In the Matter of Michael Cameron Van Alphen 34-65762 11/16/11

In the Matter of Robert Rossi 34-65849 11/29/11

In the Matter of Joseph Valko 34-65848 11/29/11

In the Matter of Zvi Goffer 34-65930 12/09/11

In the Matter of Steven R. Long 34-65952 12/14/11

In the Matter of Stanley M. Paulic 34-65951 12/14/11

In the Matter of Ahmed Awan 34-65961 12/15/11

In the Matter of Ronald Garcia 34-65983 12/15/11

In the Matter of Kevin King 34-65982 12/15/11

In the Matter of Yakov Koppel 34-65962 12/15/11

In the Matter of Kenneth Suarez 34-65981 12/15/11

In the Matter of Richard Dalton 34-65997 12/16/11

In the Matter of Peter J.Brooks 34-66009 12/20/11

SEC v. Gary A. Collyard, et al. LR-22207 12/21/11

In the Matter of Investment Placement Group, et al. 34-66055 12/23/11

In the Matter of Aurelio Rodriguez 33-9289 12/23/11

In the Matter of Andrew Caccioppoli 34-66060 12/28/11

In the Matter of William Echeverri 34-66088 01/03/12

In the Matter of James L. Haley 34-66101 01/04/12

In the Matter of Stephen M. Folan 34-66127 01/10/12

In the Matter of William C. Tak 34-66147 01/12/12

In the Matter of Sarang Ahuja 34-66154 01/13/12

In the Matter of William R. Michael 34-66152 01/13/12

In the Matter of Clifton K. Oram 34-66150 01/13/12

In the Matter of Don C. Winkler 34-66151 01/13/12

In the Matter of Charles Mark Hall 34-66162 01/17/12

In the Matter of Gregory Bartko, Esq. 34-66181 01/18/12

In the Matter of Derek Lopez 34-66194 01/19/12

In the Matter of AXA Advisors, LLC 34-66206 01/20/12

In the Matter of Leo Timothy Buggy 34-66205 01/20/12

In the Matter of 1st Discount Brokerage, et al. 34-66212 01/23/12

In the Matter of Bob Nguyen 34-66237 01/25/12

In the Matter of Alchemy Ventures, Inc., et al. 34-66249 01/26/12

In the Matter of Tamara M. Davis 34-66258 01/26/12

In the Matter of Richard V. Rizzo 34-66247 01/26/12

In the Matter of Craig Drimal 34-66314 02/02/12

TABLE 3

FISCAL 2012 ENFORCEMENT CASES 

LISTED BY PROGRAM AREA

Case Name Release No. Date Filed
5

In the Matter of David Plate 34-66313 02/02/12

In the Matter of Alan Labineri 34-66318 02/03/12

In the Matter of Khurram Tanwir 34-66316 02/03/12

In the Matter of Arthur C. Lin 34-66332 02/06/12

In the Matter of Gerald E. Patera 34-66333 02/06/12

In the Matter of Gregg M.S. Berger 34-66365 02/09/12

In the Matter of Robert C. Koeller 34-66368 02/09/12

In the Matter of Marc J. Riviello 34-66374 02/10/12

In the Matter of Stephen E. Bowman 34-66423 02/17/12

In the Matter of Daniel J. Burns 34-66435 02/21/12

In the Matter of Michael W. Averett 34-66473 02/27/12

In the Matter of Michael G. Butcher 34-66475 02/27/12

In the Matter of Thomas R. Fry 34-66478 02/27/12

In the Matter of Gary W. Hanson 34-66476 02/27/12

In the Matter of James B. Mooring 34-66474 02/27/12

In the Matter of Bevan J. Wilde 34-66477 02/27/12

In the Matter of James Clements 34-66516 03/06/12

In the Matter of Brian S. Cherry 34-66531 03/07/12

In the Matter of Luis Garg 34-66533 03/07/12

In the Matter of Aaron M. Glasser 34-66532 03/07/12

In the Matter of RealFund Investment Trust 34-66534 03/07/12

In the Matter of Jason Zakocs 34-66535 03/07/12

In the Matter of Alissa Joelle Kueng 34-66585 03/13/12

SEC v. SW Argyll Investments, LLC (d/b/a Argyll Investments, LLC), et al. LR-22296 03/15/12

In the Matter of Michael A. Kimelman 34-66626 03/20/12

In the Matter of Joseph A. Padilla 34-66683 03/29/12

In the Matter of Andrea M. Ritchie 34-66684 03/29/12

In the Matter of Gary J. Yocom 34-66682 03/29/12

In the Matter of Jerry L. Aubrey 34-66726 04/03/12

In the Matter of Grant M. Grant 34-66739 04/04/12

In the Matter of Scott A. Wolf 34-66745 04/05/12

In the Matter of Goldman, Sachs & Co. 34-66791 04/12/12

In the Matter of Peter J. Bottini, et al. 34-66814 04/16/12

In the Matter of optionsXpress, Inc., et al. 33-9313 04/16/12

In the Matter of Timothy T. Page 34-66822 04/17/12

In the Matter of MidSouth Capital, Inc., et al. 34-66828 04/18/12

In the Matter of OX Trading, LLC, et al. 34-66831 04/19/12

In the Matter of Ryan Mark Reynolds 34-66852 04/24/12

In the Matter of Edward D. Puttick, Sr. 34-66879 04/30/12

SEC v. A.L. Waters Capital, LLC, et al. LR-22356 05/01/12

In the Matter of Miguel A. Ferrer, et al. 33-9317 05/01/12

In the Matter of UBS Financial Services Inc. of Puerto Rico 33-9318 05/01/12

In the Matter of Matthew J. Gagnon 34-66907 05/02/12

In the Matter of Robert C. Pribilski 34-66960 05/10/12

In the Matter of George Sobol 34-66977 05/14/12

In the Matter of Kenneth A. Wolkoff 34-66978 05/14/12

In the Matter of John Jantzen 34-66991 05/15/12

In the Matter of Richard A. Finger, Jr. 34-67041 05/22/12

In the Matter of Marc Christopher Harmon 34-67069 05/29/12

Case Name Release No. Date Filed
6

In the Matter of James Fleishman 34-67190 06/12/12

In the Matter of Garrett D. Bauer 34-67205 06/14/12

In the Matter of Luc D. Nguyen 34-67200 06/14/12

SEC v. Manuel M. Bello, et al. LR-22400 06/21/12

In the Matter of Howard L. Blum 34-67230 06/21/12

In the Matter of Marco Glisson 34-67358 07/05/12

In the Matter of Raymond P. Morris 34-67364 07/06/12

In the Matter of Manuel M. Bello 34-67368 07/09/12

In the Matter of Brian M. Campbell 34-67384 07/10/12

In the Matter of Florin S. Ilovici 34-67425 07/12/12

In the Matter of Charles M. Vaughn 34-67426 07/12/12

In the Matter of Wilfred R. Blum, et al. 34-67492 07/24/12

In the Matter of Stephen Mazuchowski 34-67532 07/30/12

In the Matter of John S. Morgan, et al. 34-67541 07/30/12

In the Matter of Peter Dong Zhou 33-9344 07/30/12

In the Matter of Lewis J. Hunter 33-9348 08/07/12

In the Matter of Shane A. Mullholand 34-67613 08/07/12

In the Matter of Travis Richey 34-67614 08/07/12

In the Matter of Ross Mandell 34-67645 08/13/12

In the Matter of Stephen M. Strauss 34-67643 08/13/12

In the Matter of Stanley C. Brooks, et al. 34-67658a 08/14/12

In the Matter of Omar Ali Rizvi 34-67661 08/15/12

In the Matter of Dennis L. DeSender 34-67679 08/16/12

In the Matter of Richard L. Carter 34-67689 08/20/12

In the Matter of Tyson D. Elliott 34-67691 08/20/12

In the Matter of Preston L. Sjoblom 34-67690 08/20/12

In the Matter of Edward A. Allen 34-67744 08/28/12

In the Matter of Angelica Aguilera 34-67748 08/29/12

SEC v. Fabrizio Neves, et al. LR-22462 08/29/12

In the Matter of Daniel Bogar, et al. 33-9356 08/31/12

In the Matter of Jay T. Comeaux 33-9355 08/31/12

In the Matter of Jason A. D’Amato 34-67773 08/31/12

In the Matter of Joseph S. Blimline 34-67821 09/10/12

In the Matter of Michael Bresner, et al. 33-9359 09/10/12

In the Matter of JP Turner & Company, LLC, et al. 34-67808 09/10/12

In the Matter of Robert Carlsson 34-67823 09/11/12

SEC v. Deer Hill Financial Group, LLC, et al. LR-22479 09/13/12

In the Matter of Jose Luis Luna 34-67864 09/14/12

In the Matter of Advanced Equities, Inc., et al. 33-9362 09/18/12

In the Matter of Timothy J. Aubrey 34-67883 09/18/12

In the Matter of Bradford Keith Dent 34-67912 09/21/12

SEC v. David L. Rothman LR-22490 09/21/12

In the Matter of David Gengler 34-67918 09/24/12

In the Matter of Hold Brothers On-Line Investment Services, LLC, et al. 34-67924 09/25/12

Civil Contempt

SEC v. Ralph W. Thompson, Jr. None 11/02/11

SEC v. Joseph S. Amundsen LR-22150 11/09/11

Case Name Release No. Date Filed
7

SEC v. James L. Douglas LR-22507 01/23/12

SEC v. Morriss Holdings, LLC None 04/10/12

SEC v. John A. Mattera, et al. None 05/22/12

SEC v. Lawrence R. Goldfarb LR-22397 06/20/12

SEC v. Francisco Illarramendi None 07/23/12

SEC v. Arnett L. Waters None 08/07/12

SEC v. James J. Konaxis None 08/08/12

Delinquent Filings

In the Matter of Aampro Group, Inc., et al. 34-65506 10/06/11

In the Matter of Intercom Systems, Inc., et al. 34-65507 10/06/11

In the Matter of China-Biotics, Inc. 34-65510 10/07/11

In the Matter of UCBH Holdings, Inc. 34-65531 10/11/11

In the Matter of Ablest Inc., et al. 34-65560 10/14/11

In the Matter of ACS Acquisition Corp., et al. 34-65561 10/14/11

In the Matter of ADS Media Group, Inc., et al. 34-65595 10/20/11

In the Matter of Medarts Medical System, Inc., et al. 34-65611 10/24/11

In the Matter of Accesspoint Corp., et al. 34-65640 10/27/11

In the Matter of CuraTech Industries, Inc. 34-65652 10/28/11

In the Matter of Advanced Remote Communication Solutions, Inc., et al. 34-65661 10/31/11

In the Matter of RMD Technologies, Inc., et al. 34-65714 11/09/11

In the Matter of Rovac Corp., et al. 34-65715 11/09/11

In the Matter of Longtop Financial Technologies Limited 34-65734 11/10/11

In the Matter of Abviva, Inc., et al. 34-65785 11/18/11

In the Matter of Shengtai Power International, Inc., et al. 34-65801 11/21/11

In the Matter of AEC, I, Inc., et al. 34-65839 11/28/11

In the Matter of Regenesis Centers, Inc., et al. 34-65891 12/05/11

In the Matter of Brendan Technologies, Inc., et al. 34-65920 12/09/11

In the Matter of Ramco Energy PLC, et al. 34-65947 12/13/11

In the Matter of RPM Advantage, Inc. 34-66117 01/06/12

In the Matter of e-Smart Technologies, Inc. 34-66191 01/19/12

In the Matter of TapSlide, Inc., et al. 34-66184 01/19/12

In the Matter of Amstem Corporation, et al. 34-66198 01/20/12

In the Matter of Tornado Gold International Corp., et al. 34-66233 01/25/12

In the Matter of Airbee Wireless, Inc., et al. 34-66264 01/27/12

In the Matter of Thermo Tech Technologies Inc., et al. 34-66281 01/31/12

In the Matter of Along Mobile Technologies, Inc. 34-66303 02/02/12

In the Matter of American Unity Investments, Inc., et al. 34-66296 02/02/12

In the Matter of Beicang Iron & Steel, Inc. 34-66300 02/02/12

In the Matter of Blue Earth Refineries, Inc. 34-66294 02/02/12

In the Matter of BluePoint Linux Software Corp., et al. 34-66298 02/02/12

In the Matter of China Agro-Technology Holdings Ltd. 34-66293 02/02/12

In the Matter of China Convergent Corp., Ltd. 34-66302 02/02/12

In the Matter of China Ventures Limited, et al. 34-66291 02/02/12

In the Matter of China Yingxia International, Inc. 34-66304 02/02/12

In the Matter of Heli Electronics Corp. 34-66290 02/02/12

In the Matter of PPOL, Inc. 34-66323 02/06/12

In the Matter of Telos, Inc., et al. 34-66331 02/06/12

Case Name Release No. Date Filed
8

In the Matter of Advanced Mineral Technologies, Inc. 34-66337 02/07/12

In the Matter of Broadcaster, Inc. 34-66338 02/07/12

In the Matter of Crown Northcorp, Inc. 34-66336 02/07/12

In the Matter of EvergreenBancorp, Inc. 34-66339 02/07/12

In the Matter of Tempest Microsystems, Inc., et al. 34-66388 02/13/12

In the Matter of BIOTECH Holdings, Ltd., et al. 34-66419 02/17/12

In the Matter of Jetronic Industries, Inc., et al. 34-66446 02/23/12

In the Matter of JMAR Technologies, Inc., et al. 34-66447 02/23/12

In the Matter of American United Gold Corporation, et al. 34-66456 02/24/12

In the Matter of JC Acquisition Corp., et al. 34-66470 02/27/12

In the Matter of Far Vista Interactive Corp., et al. 34-66490 02/29/12

In the Matter of Aduddell Industries, Inc., et al. 34-66492 03/01/12

In the Matter of Syntax-Brillian Corporation 34-66509 03/05/12

In the Matter of Toolex International N.V., et al. 34-66519 03/06/12

In the Matter of Prime Star Group, Inc. 34-66524 03/07/12

In the Matter of Advanced Growing Systems, Inc., et al. 34-66546 03/09/12

In the Matter of China MediaExpress Holdings, Inc. 34-66586 03/13/12

In the Matter of Kings Road Entertainment, Inc. 34-66579 03/13/12

In the Matter of Silvermex Resources Inc. 34-66578 03/13/12

In the Matter of Asiamart, Inc. 34-66606 03/15/12

In the Matter of ASP Ventures Corp. 34-66604 03/15/12

In the Matter of Eugene Science, Inc. 34-66608 03/15/12

In the Matter of ProElite, Inc., et al. 34-66621 03/20/12

In the Matter of Jetborne International, Inc., et al. 34-66640 03/21/12

In the Matter of Channell Commercial Corporation 34-66653 03/26/12

In the Matter of Jove Corp., et al. 34-66655 03/26/12

In the Matter of Advanced BioPhotonics, Inc., et al. 34-66672 03/29/12

In the Matter of Angstrom Microsystems Corp., et al. 34-66675 03/29/12

In the Matter of Satyam Computer Services Limited 34-66673 03/29/12

In the Matter of hereUare, Inc. 34-66771 04/09/12

In the Matter of New Century Resources Corp. 34-66783 04/11/12

In the Matter of AP Henderson Group, et al. 34-66787 04/12/12

In the Matter of Berman Center, Inc., et al. 34-66870 04/27/12

In the Matter of LocatePlus Holdings Corporation 34-66876 04/30/12

In the Matter of TMST, Inc. 34-66886 05/01/12

In the Matter of HydroGenetics, Inc. 34-66900 05/02/12

In the Matter of HydroGenetics, Inc. 33-9321 05/02/12

In the Matter of Recycle Tech, Inc. 34-66902 05/02/12

In the Matter of SinoTech Energy Limited 34-66906 05/02/12

In the Matter of Airtrax, Inc., et al. 34-66908 05/03/12

In the Matter of Anthracite Capital, Inc., et al. 34-66921 05/04/12

In the Matter of One Voice Technologies, Inc., et al. 34-66938 05/08/12

In the Matter of Adrenalina, et al. 34-66955 05/10/12

In the Matter of Vineyard National Bancorp. 34-66987 05/15/12

In the Matter of Orbit E-Commerce, Inc., et al. 34-66996 05/16/12

In the Matter of QPC Lasers, Inc., et al. 34-66998 05/16/12

In the Matter of Worldwide Energy And Manufacturing USA, Inc. 34-66999 05/16/12

In the Matter of Alderox, Inc., et al. 34-67016 05/18/12

In the Matter of Savoy Resources Corp., et al. 34-67043 05/23/12

Case Name Release No. Date Filed
9

In the Matter of Quintek Technologies, Inc., et al. 34-67051 05/24/12

In the Matter of Oklahoma Energy Corp., et al. 34-67072 05/29/12

In the Matter of Ohio Ferro Alloys Corp., et al. 34-67077 05/30/12

In the Matter of TierOne Corporation 34-67099 06/04/12

In the Matter of Future Now Group, Inc., et al. 34-67109 06/05/12

In the Matter of Gammacan International, Inc. 34-67110 06/05/12

In the Matter of Optimized Transportation Management, Inc. 34-67114 06/05/12

In the Matter of True Product ID, Inc. 34-67112 06/05/12

In the Matter of Fashion Fantasia Co., et al. 34-67146 06/06/12

In the Matter of Aegis Assessments, Inc., et al. 34-67151 06/07/12

In the Matter of ROK Entertainment Group, Inc., et al. 34-67192 06/13/12

In the Matter of Stream Communications Network & Media, Inc. 34-67199 06/14/12

In the Matter of Fourthstage Technologies, Inc., et al. 34-67217 06/19/12

In the Matter of Florida First Equities Corp., et al. 34-67221 06/20/12

In the Matter of AngelCiti Entertainment, Inc., et al. 34-67310 06/29/12

In the Matter of Apogee Technology, Inc. 34-67330 07/02/12

In the Matter of Objex, Inc., et al. 34-67334 07/02/12

In the Matter of A-Power Energy Generation Systems, Ltd. 34-67338 07/03/12

In the Matter of Qiao Xing Universal Resources, Inc., et al. 34-67350 07/05/12

In the Matter of OptiSystems Solutions, Ltd., et al. 34-67365 07/06/12

In the Matter of Superior Bancorp 34-67361 07/06/12

In the Matter of Quill Industries, Inc., et al. 34-67370 07/09/12

In the Matter of SEI Holdings, Inc., et al. 34-67369 07/09/12

In the Matter of Alternative Energy Sources, Inc., et al. 34-67418 07/12/12

In the Matter of Alliance Bancshares California, et al. 34-67463 07/19/12

In the Matter of Redcell Power Corp., et al. 34-67550 07/31/12

In the Matter of Falcon Oil & Gas Co., Inc., et al. 34-67587 08/02/12

In the Matter of Flagship International Holding, Ltd., et al. 34-67615 08/07/12

In the Matter of Ameriwest Energy Corp., et al. 34-67637 08/10/12

In the Matter of Feigeda Electronic Technology, Inc., et al. 34-67710 08/22/12

In the Matter of China Sky One Medical, Inc. 34-67775 09/04/12

In the Matter of Global Pari-Mutuel Services, Inc. 34-67788 09/05/12

In the Matter of Stars To Go, Inc. 34-67786 09/05/12

In the Matter of Vision Twenty One, Inc. 34-67787 09/05/12

In the Matter of Jiangbo Pharmaceuticals, Inc. 34-67833 09/11/12

In the Matter of China Mobile Media Technology, Inc. 34-67872 09/18/12

In the Matter of Drucker, Inc., et al. 34-67874 09/18/12

In the Matter of Enwin Resources, Inc. 34-67876 09/18/12

In the Matter of Diomed Holdings, Inc., et al. 34-67932 09/27/12

FCPA

In the Matter of Watts Water Technologies, Inc., et al. 34-65555 10/13/11

SEC v. Uriel Sharef, et al. LR-22190 12/13/11

SEC v. Aon Corporation LR-22203 12/20/11

SEC v. Magyar Telekom, Plc., et al. LR-22213 12/29/11

SEC v. Elek Straub, et al. LR-22213 12/29/11

SEC v. Smith & Nephew, plc LR-22252 02/06/12

SEC v. Mark A. Jackson, et al. LR-22290 02/24/12

Case Name Release No. Date Filed
10

SEC v. Thomas F. O’Rourke LR-22290 02/24/12

SEC v. Biomet, Inc. LR-22306 03/26/12

SEC v. Garth R. Peterson LR-22346 04/25/12

SEC v. Orthofix International N.V. LR-22412 07/10/12

SEC v. Pfizer Inc. LR-22438 08/07/12

SEC v. Wyeth LLC LR-22438 08/07/12

SEC v. Oracle Corporation LR-22450 08/16/12

SEC v. Tyco International Ltd. LR-22491 09/24/12

Insider Trading

In the Matter of Steven Fortuna IA-3298 10/05/11

SEC v. M. Jason Hanold LR-22118 10/11/11

In the Matter of Arthur J. Cutillo 34-65596 10/20/11

In the Matter of Jason C. Goldfarb 34-65597 10/20/11

SEC v. Rajat Gupta, et al. LR-22140 10/26/11

SEC v. Mark A. Konyndyk LR-22161 11/18/11

SEC v. Jeffrey S. Richardson LR-22169 11/23/11

SEC v. One or More Unknown Purchasers of Common Stock of Jaguar Mining, Inc. None 12/02/11

SEC v. All Know Holdings Ltd., et al. LR-22180 12/05/11

SEC v. John R. Easom, et al. LR-22205 12/16/11

SEC v. Earl C. Arrowood, et al. LR-22223 01/09/12

SEC v. Todd Farha, et al. LR-22221 01/09/12

SEC v. Farzin Bazshushtari LR-22227 01/13/12

SEC v. Spyridon Adondakis, et al. LR-22325 01/18/12

SEC v. Dale Shafer, et al. LR-22233 01/24/12

SEC v. Robert Ward, et al. LR-22234 01/24/12

In the Matter of Todd L. Treadway 34-66319 02/03/12

SEC v. Brent C. Bankosky LR-22255 02/09/12

SEC v. Douglas F. Whitman, et al. LR-22257 02/10/12

SEC v. John Kinnucan, et al. LR-22261 02/17/12

SEC v. William F. Duncan, et al. LR-22274 03/02/12

SEC v. John M. Williams LR-22274 03/02/12

SEC v. Steven J. Harrold LR-22280 03/08/12

SEC v. Timothy J. McGee, et al. LR-22288 03/13/12

SEC v. Noah J. Griggs, Jr. LR-22295 03/15/12

SEC v. Sherif Mityas LR-22293 03/15/12

SEC v. Siming Yang, et al. LR-22320 04/04/12

SEC v. Kenneth T. Robinson LR-22345 04/25/12

SEC v. Mohammed Mark Amin, et al. LR-22360A 05/07/12

SEC v. Angela Milliard, et al. LR-22357 05/07/12

SEC v. Frank Lynn Blystone LR-22367 05/10/12

SEC v. Reema D. Shah, et al. LR-22372 05/21/12

SEC v. Stephen H. Guth LR-22374 05/24/12

SEC v. Charles E. Mazur Jr., et al. LR-22387 06/01/12

In the Matter of Matthew H. Kluger 34-67204 06/14/12

SEC v. Tai Nguyen LR-22401 06/26/12

SEC v. Apparao Mukkamala, et al. LR-22413 07/10/12

In the Matter of Stanley Ng, CPA 34-67423 07/12/12

SEC v. Manouchehr Moshayedi LR-22419 07/19/12

Case Name Release No. Date Filed
11

SEC v. Ladislav “Larry” Schvacho LR-22423 07/24/12

SEC v. Well Advantage Limited, et al. LR-22428 07/27/12

SEC v. Robert D. Ramnarine LR-22433 08/02/12

SEC v. Joseph McVicker LR-22434 08/03/12

SEC v. James V. Mazzo, et al. LR-22451 08/17/12

SEC v. James L. Lieberman LR-22455 08/20/12

SEC v. Eric Martin, et al. LR-22458 08/23/12

SEC v. C. Roan Berry LR-22465 08/28/12

SEC v. Ashley J. Coots LR-22466 08/28/12

SEC v. Casey D. Jackson LR-22467 08/28/12

SEC v. Thomas D. Melvin, Jr., et al. LR-22468 08/28/12

SEC v. R. Jeffrey Rooks LR-22469 08/28/12

SEC v. Hyung Lim LR-22471 09/04/12

SEC v. Arthur H. Reed, et al. LR-22474 09/06/12

SEC v. Mark W. Baggett None 09/20/12

SEC. v. H. Thomas Davis, Jr. None 09/20/12

SEC v. Waldyr Da Silva Prado Neto LR-22486 09/20/12

SEC v. Kenneth F. Wrangell None 09/20/12

SEC v. Jauyo “Jason” Lee, et al. LR-22497 09/27/12

Investment Advisors/Investment Companies

In the Matter of Brian A. Bjork 34-65520 10/07/11

In the Matter of John Clement IA-3300 10/18/11

SEC v. Charles P. Copeland, et al. LR-22136 10/18/11

In the Matter of Donald W. Klein IA-3301 10/18/11

SEC v. David B. Welliver, et al. LR-22131 10/18/11

In the Matter of Credit Suisse Alternative Capital, LLC, et al. 33-9268 10/19/11

In the Matter of Amit V. Patel IA-3303 10/21/11

In the Matter of Banco Espirito Santo S.A. 33-9270 10/24/11

SEC v. Andrey C. Hicks, et al. LR-22141 10/26/11

SEC v. Scott I. Kupersmith, et al. LR-22142 10/26/11

In the Matter of Terry Harris IA-3309 11/01/11

SEC v. James N. Fry, et al. LR-22149 11/09/11

SEC v. Chetan Kapur, et al. LR-22151 11/10/11

In the Matter of Western Pacific Capital Management, LLC, et al. 33-9275 11/10/11

In the Matter of LeadDog Capital Markets, LLC, et al. 33-9277 11/15/11

In the Matter of Morgan Stanley Investment Management, Inc. IA-3315 11/16/11

In the Matter of FTN Financial Securities Corp. IA-3316 11/17/11

In the Matter of Dr. Joseph F. Skowron III 34-65783 11/17/11

SEC v. Garfield Taylor, Inc., et al. LR-22162 11/18/11

SEC v. Patrick G. Rooney, et al. LR-22167 11/18/11

In the Matter of Oliver R. Grace, Jr. IA-3319 11/21/11

SEC v. David Kugel LR-22166 11/21/11

In the Matter of Barry J. Minkow IA-3320 11/22/11

In the Matter of Asset Advisors, LLC IA-3324 11/28/11

In the Matter of Feltl & Company, Inc. 34-65838 11/28/11

In the Matter of Randall Merk 34-65830 11/28/11

In the Matter of OMNI Investment Advisors, Inc. and Gary R. Beynon 34-65837 11/28/11

In the Matter of Charles L. Rizzo, et al. 34-65829 11/28/11

Case Name Release No. Date Filed
12

In the Matter of Hanes Morgan & Co., Inc., et al. IA-3326 11/29/11

In the Matter of Chetan Kapur IA-3327 11/30/11

SEC v. Michael R. Balboa, et al. LR-22176 12/01/11

In the Matter of Kenneth E. Marsh, et al. IA-3329 12/07/11

In the Matter of Donald Anthony Walker Young, et al. IA-3330 12/07/11

In the Matter of Kevin Kramer IA-3332 12/09/11

SEC V. Stephen M. Folan LR-22197 12/15/11

In the Matter of RetireHub, Inc., et al. IA-3337 12/15/11

In the Matter of Eric David Wanger, et al. 33-9288 12/23/11

In the Matter of Calhoun Asset Management, LLC, et al. 33-9290 12/29/11

In the Matter of Daniel Joseph Sebastian IA-3346 12/29/11

In the Matter of Anthony Fields, CPA 33-9291 01/04/12

In the Matter of Lloyd V. Barriger 34-66142 01/11/12

In the Matter of Cory A. Martin IA-3351 01/13/12

In the Matter of Lisa B. Premo IA-3355 01/17/12

In the Matter of UBS Global Asset Management (Americas) Inc. IA-3356 01/17/12

In the Matter of Charles P. Copeland IA-3358 01/19/12

In the Matter of Noah Freeman IA-3359 01/20/12

In the Matter of Alain A. Assemi IA-3362 01/25/12

In the Matter of Timothy J. Clyman IA-3361 01/25/12

In the Matter of John D. Friedrich IA-3363 01/25/12

In the Matter of Samir Barai IA-3364 01/25/12

In the Matter of Christopher T. Vulliez IA-3368 02/06/12

In the Matter of Robert Pinkas IA-3371 02/15/12

In the Matter of Michelle W. Palm IA-3374 02/16/12

SEC v. Brenda A. Eschbach LR-22259 02/14/12

In the Matter of Jon Edward Hankins IA-3375 02/23/12

In the Matter of Shawn R. Merriman IA-3377 02/27/12

In the Matter of Damian Omar Valdez IA-3378 02/27/12

In the Matter of Jason Pflaum IA-3380 03/07/12

In the Matter of Laurence Albukerk, et al. 33-9302 03/14/12

SEC v. Frank Mazzola, et al. LR-22292 03/14/12

In the Matter of SharesPost, Inc., et al. 34-66594 03/14/12

SEC v. Andrew J. Franz LR-22303 03/15/12

SEC v. James Michael Murray LR-22301 03/15/12

In the Matter of Brenda A. Eschbach 34-66634 03/21/12

In the Matter of Rafael Sanchez 34-66666 03/27/12

In the Matter of American Capital Partners Limited, Inc. IC-30015 03/29/12

In the Matter of Central Capital Venture Corporation 34-66685 03/29/12

In the Matter of Entertainment Capital Corp. 33-9305 03/29/12

In the Matter of Interim Capital Corp. 34-66687 03/29/12

In the Matter of International Asset Group, Inc. IC-30018 03/29/12

In the Matter of OLM Ventures, Inc. 33-9306 03/29/12

In the Matter of Principal Mortgage Fund, Inc. IC-30022 03/29/12

In the Matter of Superior Community Capital Corporation IC-30021 03/29/12

In the Matter of Alex Martinez 34-66712 04/02/12

In the Matter of Andrey C. Hicks IA-3388 04/03/12

In the Matter of Locust Offshore Management, LLC IA-3389 04/03/12

In the Matter of Mark Yagalla IA-3395 04/11/12

Case Name Release No. Date Filed
13

In the Matter of David E. Howard II IA-3396 04/17/12

In the Matter of Brian J. Smart IA-3397 04/18/12

In the Matter of GMB Capital Management LLC, et al. 33-9315 04/20/12

SEC v. RKC Capital Management, LLC, et al. LR-22353 04/30/12

In the Matter of Martin Currie Inc., et al. IA-3404 05/10/12

In the Matter of Copeland Wealth Management IA-3406 05/17/12

In the Matter of Belal K. Faruki IA-3405 05/17/12

SEC v. Mark F. Spangler, et al. LR-22371 05/17/12

In the Matter of James E. Putman IA-3407 05/23/12

SEC v. Jason J. Konior, et al. None 05/24/12

SEC v. Jorge Gomez, et al. LR-22376 05/25/12

In the Matter of Elijah Bang IA-3410 05/29/12

In the Matter of Quantek Asset Management, LLC, et al. 33-9326 05/29/12

In the Matter of Jason George Rivera, Jr. IA-3411 05/29/12

In the Matter of Gregory D. Tindall IA-3409 05/29/12

In the Matter of Oxford Investment Partners, LLC, et al. IA-3412 05/30/12

In the Matter of Craig Kugel 34-67118 06/05/12

In the Matter of Steven Enrico Lopez, Sr. IA-3415 06/05/12

In the Matter of David Mark Bunzel 34-67140 06/06/12

In the Matter of OppenheimerFunds, Inc., et al. 33-9329 06/06/12

SEC v. Benjamin Daniel DeHaan, et al. LR-22390 06/09/12

SEC v. Gary J. Martel, et al. LR-22396 06/19/12

SEC v. Gurudeo Persaud LR-22399 06/20/12

In the Matter of Ralph R. Cioffi 34-67250 06/25/12

In the Matter of Matthew M. Tannin 34-67249 06/25/12

SEC v. AMMB Consultant Sendirian Berhad LR-22402 06/26/12

In the Matter of Roberto Aleph Espinosa 34-67267 06/26/12

In the Matter of Drew K. Brownstein IA-3425 06/27/12

In the Matter of Harbinger Capital Partners, LLC 34-67279 06/27/12

SEC v. Harbinger Capital Partners LLC, et al. LR-22403 06/27/12

In the Matter of Drew Clayton Peterson IA-3426 06/27/12

SEC v. Peter Madoff LR-22407 06/29/12

In the Matter of Centaur Management Co. LLC 34-67824 07/17/12

In the Matter of Kimon P. Daifotis 34-67454 07/18/12

In the Matter of Delaware Asset Advisers, et al. 33-9339 07/18/12

In the Matter of Noonan Capital Management, LLC, et al. 34-67460 07/18/12

In the Matter of Andrew J. Franz 34-67491 07/24/12

In the Matter of Peter Madoff 34-67512 07/26/12

SEC v. Emanuel L. Sarris, Sr., et al. LR-22427 07/27/12

SEC v. Peter Siris, et al. LR-22430 07/30/12

In the Matter of Consultiva Internacional, Inc. IA-3441 08/03/12

In the Matter of Peak Wealth Opportunities, LLC, et al. 34-67640 08/10/12

In the Matter of Jason R. Hyatt 34-67662 08/15/12

In the Matter of Robert C. Butler IA-3447 08/16/12

In the Matter of Middlecove Capital, LLC, et al. 34-67709 08/22/12

In the Matter of Frances M. Guggino IA-3449 08/23/12

SEC v. Gary R. Marks LR-22460 08/27/12

In the Matter of Candice D. Campbell IA-3450 08/28/12

SEC v. Renee White Fraser LR-22473 09/05/12

Case Name Release No. Date Filed
14

In the Matter of Raymond J. Lucia Companies, Inc., et al. 34-67781 09/05/12

In the Matter of Steven Yamashiro 34-67789 09/05/12

In the Matter of Focus Point Solutions, Inc., et al IA-3458 09/06/12

In the Matter of Earl U. Bravo, Sr. 34-67805 09/07/12

In the Matter of Jilaine H. Bauer, Esq. 34-67845 09/12/12

In the Matter of SJK Investment Management, LLC IA-3463 09/12/12

In the Matter of Walter V. Gerasimowicz, et al. 33-9361 09/14/12

SEC v. Angelo A. Alleca, et al. LR-22485 09/18/12

In the Matter of Ryan M. Armour IA-3468 09/18/12

In the Matter of Jeffrey Brown IA-3466 09/18/12

In the Matter of Jeremy Louder IA-3465 09/18/12

SEC v. Senen Pousa, et al. None 09/18/12

In the Matter of Alero Odell Mack, Jr. IA-3472 09/19/12

In the Matter of James F. Turner II IA-3471 09/19/12

SEC v. Lyman Bruhn, et al. LR-22487 09/20/12

SEC v. Yusaf Jawed, et al. LR-22487 09/20/12

SEC v. Jacques Nichols LR-22487 09/20/12

SEC v. Howard B. Berger, et al. None 09/21/12

In the Matter of Stock Markets Institute, Inc., et al. IA-3473 09/21/12

In the Matter of JCSD Capital, LLC 34-67919 09/24/12

In the Matter of Peter Siris 34-67949 09/28/12

Issuer Reporting and Disclosure 34-67949 09/28/12

In the Matter of Thomas Y. Jimenez 34-65466 10/03/11

In the Matter of Hansen Medical, Inc. 33-9265 10/06/11

SEC v. Christopher Sells et al. LR-22116 10/06/11

SEC v. Thomas S. Wu et al. LR-22121 10/11/11

In the Matter of Lisa C. Berry 34-65582 10/18/11

SEC v. Thomas L. Kivisto LR-22129 10/18/11

SEC v. Koss Corporation, et al. LR-22138 10/24/11

In the Matter of Anthony J. Cuti, CPA 34-65620 10/25/11

In the Matter of William J. Tennant, CPA 34-65621 10/25/11

In the Matter of Steven M. Des Champs, CPA 34-65754 11/16/11

In the Matter of Paul Free, CPA 34-65759 11/16/11

In the Matter of Martha W. Vlcek, CPA 34-65755 11/16/11

In the Matter of Fifth Third Bancorp 34-65808 11/22/11

SEC v. Nancy S. W. Chu et al. LR-22174 11/29/11

In the Matter of Mark A. Konyndyk, CPA 34-65882 12/05/11

SEC v. Stiefel Laboratories, Inc., et al. LR-22187 12/12/11

In the Matter of Juan Carlos Guillén Zerpa 34-65985 12/15/11

In the Matter of Stuart W. Fuhlendorf 34-65996 12/16/11

SEC v. Daniel H. Mudd, et al. LR-22201 12/16/11

SEC v. Richard F. Syron, et al. LR-22201 12/16/11

SEC v. Heart Tronics, Inc., et al. LR-22204 12/20/11

In the Matter of Eric Jon Strasser 34-66024 12/21/11

In the Matter of Craig On, CPA 34-66051 12/23/11

SEC v. Life Partners Holdings, Inc. et al. LR-22219 01/03/12

In the Matter of Clyde R. Parks 34-66089 01/03/12

SEC v. JBI, Inc., et al. LR-22220 01/04/12

Case Name Release No. Date Filed
15

SEC v. Imperiali, Inc. LR-22224 01/09/12

SEC v. BankAtlantic Bancorp, Inc., et al. LR-22229 01/18/12

SEC v. Len A. Familant, et al. LR-22237 01/25/12

SEC v. Robert Chiu, et al. LR-22243 01/30/12

In the Matter of Christopher J. Kelly, ACA, et al. 34-66269 01/30/12

SEC v. Brian S. Moore LR-22241 01/30/12

SEC v. Richard J. Senior, et al. LR-22241 01/30/12

In the Matter of Symmetry Medical, Inc., et al. 34-66268 01/30/12

SEC v. Kareem Serageldin, et al. LR-22247 02/01/12

In the Matter of Dale Shafer, CPA 34-66312 02/02/12

In the Matter of Matthew Bell, ACA 34-66351 02/07/12

In the Matter of Lynne Norman 34-66352 02/07/12

In the Matter of Shaun P. Whiteley 34-66353 02/07/12

SEC v. Ming Zhao, et al. LR-22264 02/22/12

In the Matter of Robert Chiu 34-66479 02/27/12

SEC v. Larry Goldstone, et al. LR-22287 03/13/12

SEC v. John M. Cinderey LR-22309 03/27/12

SEC v. Michael A. Baker, et al. LR-22315 04/02/12

In the Matter of Bryan N. Polozola, CPA 34-66735 04/04/12

In the Matter of John M. Williams 34-66737 04/04/12

SEC v. Anthony J. Nocella, et al. LR-22321 04/05/12

In the Matter of HQ Sustainable Maritime Industries, Inc. 34-66775 04/10/12

In the Matter of Jorge L. Castillo, CPA 34-66796 04/12/12

SEC v. SinoTech Energy Limited, et al. LR-22341 04/23/12

SEC v. Darlene Nelson Powell, et al. LR-22354 04/30/12

In the Matter of Deloitte Touche Tohmatsu Certified Public Accountants Ltd. 34-66948 05/09/12

SEC v. China Natural Gas, Inc., et al. LR-22368 05/14/12

In the Matter of Edward J. Marino 34-66990 05/15/12

SEC v. Steven H. Bethke LR-22385 05/31/12

In the Matter of Laurence M. Brown, CPA 34-67218 06/19/12

In the Matter of Ronald J. Mangini, CPA 34-67219 06/19/12

SEC v. FalconStor Software, Inc. LR-22405 06/27/12

In the Matter of H. Clayton Peterson, CPA 34-67282 06/27/12

Gold Standard Mining Corp., et al. LR-22408 06/29/12

In the Matter of Huron Consulting Group Inc., et al. 34-67472 07/19/12

In the Matter of Ronald Feldstein LR-22424 07/25/12

In the Matter of Nancy Shao Wen Chu 34-67542 07/30/12

SEC v. Alan Sheinwald et al. LR-22430 07/30/12

In the Matter of Kenneth E. Lonchar, CPA 34-67590 08/02/12

SEC v. Ronald D. Brooks LR-22442 08/09/12

In the Matter of Todd C. Crow 34-67708 08/22/12

In the Matter of Federico Quinto Jr., CPA 34-67767 08/31/12

SEC v. China Sky One Medical, Inc., et al. LR-22470 09/04/12

In the Matter of S.W. Hatfield, CPA and Scott W. Hatfield, CPA 34-67793 09/06/12

SEC v. Worldwide Energy and Manufacturing USA, Inc., et al LR-22475 09/06/12

In the Matter of R. Jeffrey Rooks, CPA 34-67856 09/13/12

SEC v. Gilbert Fiorentino LR-22481 09/17/12

SEC v. Freedom Environmental Services, Inc., et al. LR-22482 09/17/12

In the Matter of Michael K. Krohn, CPA 34-67884 09/18/12

Case Name Release No. Date Filed
16

In the Matter of Steven Y. Moskowitz 34-67899 09/20/12

SEC v. Don A. Langford LR-22493 09/25/12

SEC v. Gilbert G. Lundstrom, et al. LR-22493 09/25/12

SEC v. Subramanian Krishnan LR-22500 09/28/12

Market Manipulation

SEC v. Joseph P. Cillo LR-22126 10/14/11

In the Matter of Pipeline Trading Systems LLC, et al. 33-9271 10/24/11

In the Matter of UBS Securities LLC 34-65733 11/10/11

In the Matter of Michael S. Krome 34-65799 11/21/11

SEC v. Edward Henderson, et al. LR-22177 12/01/11

SEC v. Michael Lee, et al. LR-22177 12/01/11

SEC v. James Wheeler, et al. LR-22177 12/01/11

SEC v. Giuseppe Pino Baldassarre, et al. LR-22182 12/07/11

In the Matter of Touradji Capital Management, L.P. 34-65923 12/09/11

SEC v. Geoffrey J. Eiten, et al. LR-22188 12/12/11

In the Matter of Gary S. Bell 34-65941 12/13/11

SEC v. Daniel E. Ruettiger, et al. LR-22198 12/16/11

SEC v. First Resource Group LLC, et al. LR-22240 01/26/12

In the Matter of Mercury Capital, et al. 34-66248 01/26/12

SEC v. Igors Nagaicevs LR-22238 01/26/12

In the Matter of Jeffrey A. Wolfson, et al. 34-66283 01/31/12

In the Matter of George David Gordon 34-66415 02/16/12

SEC v. Prime Star Group, Inc., et al. LR-22278 03/07/12

In the Matter of John B. Frohling, Esq. 34-66598 03/14/12

SEC v. AutoChina International Limited, et al. LR-22326 04/11/12

SEC v. Petr Murmylyuk LR-22333 04/17/12

SEC v. Thomas Edward Hunter, et al. LR-22339 04/20/12

SEC v. Recycle Tech, Inc., et al. None 05/02/12

SEC v. David Blech, et al. LR-22363 05/09/12

SEC v. James Roland Dial, et al. LR 22384 06/01/12

SEC v. Harold Steven Bonenberger, et al. LR-22389 06/04/12

SEC v. Kevin P. Brennan, et al. LR-22389 06/04/12

SEC v. Ryan F. Coblin, et al. LR-22389 06/04/12

SEC v. Matthew A. Connor LR-22389 06/04/12

SEC v. Robert L. Cotton, et al. LR-22389 06/04/12

SEC v. Douglas D. Hague, et al. LR-22389 06/04/12

SEC v. Scott A. Haire, et al. LR-22389 06/04/12

SEC v. Joseph J. Repko, et al. LR-22389 06/04/12

SEC v. Yan K. Skwara, et al. LR-22389 06/04/12

In the Matter of Ronny J. Halperin, Esq. 34-67179 06/11/12

SEC v. Philip A. Falcone, et al. LR-22403 06/27/12

SEC v. Harbert Management Corporation, et al. LR-22403 06/27/12

SEC v. Axius, Inc. et al LR-22410 07/05/12

SEC v. Jerry S. Williams, et al. LR-22420 07/20/12

In the Matter of Wesley Capital Management, LLC 34-67510 07/26/12

SEC v. Thomas D. Coldicutt, Jr., et al. LR-22445 08/13/12

SEC v. Edward Bronson, et al. LR-22457 08/22/12

SEC v. Anthony K. Welch LR-22463 08/30/12

Case Name Release No. Date Filed
17

SEC v. Revolutions Medical Corporation, et al LR-22489 09/20/12

SEC v. 8000, Inc., et al. LR-22495 09/27/12

SEC v. Sunrise Solar Corporation, et al. LR-22501 09/28/12

Miscellaneous

In the Matter of Paul Randall Fraley 34-65485 10/04/11

SEC v. Long Term-Short Term, Inc., et al. LR-22133 10/18/11

SEC v. ARVCO Capital Research, LLC, et al. LR-22342 04/23/12

In the Matter of Egan-Jones Ratings Company, et al. 34-66854 04/24/12

In the Matter of Spyglass Equity Systems, Inc. 34-67224 08/24/12

Municipal Securities and Public Pensions

In the Matter of Dean Zenon Pinard 34-65909 12/08/11

SEC v. Wachovia Bank, N.A. LR-22183 12/08/11

SEC v. GE Funding Capital Market Services, Inc. LR-22210 12/23/11

SEC v. Charles A. Aiken, et al. LR-22214 12/29/11

SEC v. Chalmer E. Detling, II, Esq. LR-22215 12/29/11

In the Matter of Chalmer E. Detling, II, Esq. 34-66161 01/17/12

SEC v. Kwame M. Kilpatrick, et al. LR-22362 05/09/12

In the Matter of Wells Fargo Brokerage Services, LLC, et al. 33-9349 08/14/12

SEC v. Bruce Cole, et al. LR-22484 09/18/12

In the Matter of Douglas Alan Goldberg IA-3476 09/27/12

In the Matter of Goldman, Sachs & Co. 34-67934 09/27/12

In the Matter of Neil M.M. Morrison 34-67935 09/27/12

In the Matter of Daniel Moshe Naeh IA-3477 09/27/12

In the Matter of Matthew Adam Rothman 34-67943 09/27/12

In the Matter of David Rubin IA-3480 09/27/12

In the Matter of Zevi Wolmark IA-3478 09/27/12

In the Matter of Evan Andrew Zarefsky IA-3479 09/27/12

Securities Offering

SEC v. Stewart A. Merkin LR-22115 10/03/11

SEC v. StratoComm Corporation, et al. LR-22115 10/04/11

SEC v. Eric Aronson, et al. LR-22117 10/06/11

SEC v. Murdoch Security and Investigations, Inc., et al. LR-22120 10/07/11

SEC v. Jerry L. Aubrey, et al. LR-22124 10/11/11

SEC v. Gregory E. Webb, et al. LR-22122 10/11/11

SEC v. James G. Temme, et al. LR-22130 10/14/11

SEC v. Citigroup Global Markets, Inc. LR-22134 10/19/11

SEC v. Brian H. Stoker LR-22134 10/19/11

In the Matter of David Story 33-9272 10/31/11

SEC v. Drake Asset Management, LLC et al. LR-22145 11/01/11

In the Matter of Daniel W. Nodurft, Esq. 34-65673 11/02/11

In the Matter of Ronald St. Clair, CPA, et al. 33-9274 11/07/11

In the Matter of Vincent L. Verdiramo, Esq. 34-65739 11/10/11

SEC v. Tyrone L. Gilliams, Jr., et al. LR-22152 11/14/11

In the Matter of Daniel J. Gallagher 33-9280 11/16/11

SEC v. New Futures Trading International Corporation, et al. LR-22159 11/16/11

Case Name Release No. Date Filed
18

SEC v. John A. Mattera, et al. LR-22160 11/17/11

SEC v. Myron Weiner LR-22168 11/22/11

SEC v. Milan Group, Inc., et al. LR-22181 11/30/11

SEC v. Alternative Green Technologies, Inc., et al. LR-22189 12/12/11

SEC v. Marcin Malarz et al. LR-22191 12/12/11

SEC v. Management Solutions, Inc., et al. LR-22195 12/15/11

SEC v. Enrica Cotellessa-Pitz LR-22202 12/19/11

SEC v. Robert A. Walker, et al. LR-22207 12/21/11

SEC v. Kevin J. Wilcox, et al. LR-22218 12/29/11

SEC v. Burton Douglas Morriss, et al. LR-22228 01/17/12

In the Matter of Gregory Bartko, Esq. 34-66182 01/18/12

SEC v. Kenneth A. Dachman, et al. LR-22254 02/06/12

SEC v. Venulum Ltd. et al. LR-22258 02/15/12

SEC v. Verde Retirement LLC, et al. LR-22263 02/21/12

SEC v. Brian Raymond Callahan, et al. LR-22275 03/05/12

SEC v. Edward V. Ellis, Sr., et al. LR-22281 03/07/12

SEC v. David L. Marion, et al. LR-22307 03/26/12

SEC v. George Elia, et al. LR-22319 04/06/12

SEC v. Benedict Van, et al LR-22323 04/09/12

SEC v. Shervin Neman, et al. LR-22331 04/11/12

SEC v. City Capital Corporation, et al. LR-22330 04/12/12

SEC v. Michael Anthony Gonzalez LR-22337 04/17/12

SEC v. Option One Mortgage Corporation n/k/a Sand Canyon Corporation LR-22344 04/24/12

SEC v. Michael J. McNerney LR-22350 04/30/12

In the Matter of Michael J. McNerney 34-66886 04/30/12

SEC v. Christel S. Scucci, et al. LR-22352 04/30/12

SEC v. Usee, Inc. et al. LR-22348 04/30/12

SEC v. Seth Eber, et al. None 05/02/12

SEC v. Gerald D. Kegley, et al. LR-22361 05/08/12

SEC v. Apartments America, LLC, et al. LR-22365 05/10/12

SEC v. Nicholas Louis Geranio, et al. LR-22370 05/16/12

SEC v. David M. Connolly LR-22373 05/17/12

SEC v. George G. Levin, et al. LR-22383 05/22/12

SEC v. James B. Catledge, et al. LR-22382 05/24/12

SEC v. GLR Capital Management, LLC, et al LR-22375 05/24/12

SEC v. Richard DeMaria LR-22380 05/29/12

SEC v. Mark A. Lefkowitz, et al. LR-22381 05/30/12

SEC v. Bryan Arias, et al. LR-22391 06/12/12

SEC v. Small Business Capital Corp., et al. LR-22406 06/21/12

SEC v. National Note of Utah, LC et al. None 06/25/12

SEC v. Bradley A. Holcom LR-22496 06/29/12

SEC v. Jose L. Pinedo LR-22496 06/29/12

SEC v. Aubrey Lee Price, et al. LR-22409 07/02/12

In the Matter of Mitchell Segal, Esq. 34-67393 07/11/12

SEC v. 3 Eagles Research & Development LLC, et al. LR-22416 07/17/12

In the Matter of Xavier Capdepon, et al. 33-9341 07/18/12

SEC v. Mizuho Securities USA, Inc. LR-22417 07/18/12

In the Matter of Alexander V. Rekeda 33-9340 07/18/12

In the Matter of Stephen J. Czarnik, Esq. 34-67465 07/19/12

Case Name Release No. Date Filed
19

SEC v. Michael A. Bodanza et al. LR-22429 07/27/12

In the Matter of James Fuld, Jr. 33-9345 07/30/12

SEC v. The Companies (TC), LLC, et al. LR-22437 08/06/12

SEC v. Edward M. Laborio et al. LR-22444 08/10/12

SEC v. Avanti Capital Partners, LLC et al. LR-22447 08/13/12

SEC v. Bridge Premium Finance, LLC, et al. LR-22449 08/14/12

SEC v. Yossef Kahlon, et al. LR-22452 08/14/12

SEC v. Petro-Suisse Ltd. et al. LR-22448 08/14/12

SEC v. James M. Donnan, III, et al. LR- 22453 08/16/12

SEC v. Rex Venture Group, LLC, et al. LR-22456 08/17/12

SEC v. Ricardo Bonilla Rojas, et al. LR-22454 08/21/12

SEC v. Wwebnet, Inc. et al. LR-22461 08/28/12

SEC v. Louis V. Schooler, et al. LR-22476 09/04/12

SEC v. James C. Howard III, et al. LR-22472 09/05/12

SEC v. Nikolai S. Battoo, et al. None 09/06/12

SEC v. Bio Defense Corporation, et al. LR-22478 09/10/12

In the Matter of Cameron H. Linton, Esq. 34-67912 09/21/12

SEC v. Edward Tackaberry LR-22488 09/21/12

SEC v. Joseph Hilton, et al. LR-22503 09/24/12

In the Matter of David Mura 34-67920 09/24/12

SEC v. Rudolf D. Pameijer, et al. LR-22492 09/24/12

In the Matter of Prescient Capital Partners, Ltd., et al. 33-9363 09/24/12

In the Matter of Roger L. Shoss 34-67914 09/24/12

SRO or Exchange

In the Matter of EDGX Exchange, Inc., et al. 34-65556 10/13/11

In the Matter of Financial Industry Regulatory Authority, Inc. 34-65643 10/27/11

In the Matter of New York Stock Exchange LLC, et al. 34-67857 09/14/12

Transfer Agent

In the Matter of 1ST Global Stock Transfer, LLC, et al. 34-65693 11/04/11

In the Matter of Kay Berensen-Galster 34-66144A 01/11/12

In the Matter of Roger Greer 34-66647 03/22/12

In the Matter of National Stock Transfer 34-66782 04/11/12

In the Matter of Stephen H. Bethke 34-67197 06/13/12

 

Case Name Release No. Date Filed
20

TABLE 4

INVESTIGATIONS OF POSSIBLE VIOLATIONS OF THE ACTS

ADMINISTERED BY THE COMMISSION

Opened in Fiscal Year 2012. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 806

Closed in Fiscal Year 2012. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1,263

Ongoing1

 as of September 30, 2012. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,475

Formal Orders of Investigation Issued in Fiscal Year 2012. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 479

■ ■ ■

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 2 subpoenas under Section 21(h)(2)(A)(4). 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). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33

Section 1105 (Administrative Subpoenas). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 535

Section 1107 (Judicial Subpoenas). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30

Section 1109 (Delayed Customer Notice). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0

1 Refers to matters at the investigative stage, and excludes those that are open solely due to litigation, collections, distributions, and other post-litigation activity.  Also excludes investigations in the closing process. Prior 

to FY 2011, reports included aggregate count of open investigations at all stages. Since the total now refers 

only to ongoing investigations, it is significantly less than pre-FY 2011 totals of investigations at all stages, and 

is not an indication of a decrease in investigative activity.
21

INVESTOR COMPLAINTS AND QUESTIONS

During FY 2012, the SEC’s Office of Investor Education and Advocacy closed 29,291 files relating to complaints, 

questions, and other contacts received from investors, a decrease of 4,341 files compared to FY 2011. Comparable 

data for FY 2010 and prior fiscal years is not available due to a change in reporting methodology. 

TABLE 5

TEN MOST COMMON COMPAINTS

Rank Complaint Type FY 2012 FY 2011 Change Rank in FY 2011

1 Ponzi/pyramid scheme 4,0831 286 Up 1,328% 15

2 Advance fee fraud 1,122 1,144 Down 2% 1

3 Manipulation of securities/prices 1,083 803 Up 35% 2

4 Trade execution 749 340 Up 120% n/a

5 Account administration and processing 

(maintenance, including account 

closing and redemption issues)

683 599 Up 14% 4

6 Account administration and 

processing (matters relating to 

daily activity in an account)

663 621 Up 7% 3

7 Specific market events 

(comments and complaints) 6182 93 Up 565% n/a

8 General allegations of fraud (issuer) 451 323 Up 40% n/a

9 Delivery of funds/proceeds 439 487 Down 10% 5

10 Transfer of account 426 462 Down 8% 6

1 The vast majority of these complaints related to a particular highly publicized SEC enforcement action. 

2 The vast majority of these complaints related to a particular highly publicized initial public offering. 
22

TABLE 6

UNCONSOLIDATED FINANCIAL INFORMATION FOR BROKER-DEALERS

2007 - 2011 1/

($ in Millions)

2007 2008 2009 2010 2011

Revenues

Securities Commissions $54,345.1 $56,306.9 $48,982.6 $47,010.2 $47,707.0 

Gains (Losses) in Trading and

 Investment Accounts 4,116.4 -59,995.5 45,312.3 31,200.7 10,243.0 

Profits (Losses) from Underwriting

 and Selling Groups 26,502.7 18,664.6 22,578.7 24,427.5 22,933.6 

Margin Interest 32,293.0 18,424.5 4,528.7 4,971.9 6,202.3 

Revenues from Sale of Investment

 Company Shares 26,227.5 22,277.3 17,152.8 18,800.2 19,391.8 

All Other Revenues 351,646.6 247,559.1 148,441.2 135,540.6 139,280.0 

Total Revenues $495,131.3 $303,236.9 $286,996.2 $261,951.0 $245,757.7 

Expenses

Registered Representatives’

 Compensation (Part II Only) 2/ $38,714.6 $35,784.7 $34,899.1 $38,235.9 $41,094.3 

Other Employee Compensation

 and Benefits 63,314.4 56,502.6 57,010.8 60,306.3 57,576.2 

Compensation to Partners and

 Voting Stockholder Officers 3,714.6 3,839.1 3,506.2 3,533.9 3,765.0 

Commissions and Clearance Paid

 to Other Brokers 25,889.7 26,524.4 23,302.6 23,974.5 25,383.9 

Interest Expenses 282,165.9 128,036.6 21,881.2 22,446.3 20,344.5 

Regulatory Fees and Expenses 2,039.3 2,018.8 2,161.9 2,326.9 2,457.2 

All Other Expenses 2/ 74,607.6 76,034.1 68,847.7 73,145.6 78,296.3 

Total Expenses $490,446.1 $328,740.3 $211,609.6 $223,969.4 $228,917.4 

Income and Profitability

Pre-tax Income $4,685.2 -$25,503.4 $75,386.6 $37,981.6 $16,840.3 

Pre-tax Profit Margin 0.9% -8.4% 26.3% 14.5% 6.9%

Pre-tax Return on Equity 2.5% -13.9% 38.2% 17.1% 7.5%

Assets, Liabilities and Capital

Total Assets $6,771,894.4 $4,436,289.1 $4,339,534.9 $4,756,900.0 $4,661,501.0 

Liabilities

(a) Unsubordinated Liabilities 6,434,973.6 4,113,482.9 4,001,721.7 4,400,627.8 4,321,456.7 

(b) Subordinated Liabilities 150,895.3 141,810.4 123,610.2 125,127.1 122,204.2 

(c) Total Liabilities $6,585,868.9 $4,255,293.3 $4,125,331.9 $4,525,754.9 $4,443,660.9 

Ownership Equity $186,025.4 $180,995.8 $214,203.1 $231,145.1 $217,840.1 

Number of Firms 5,561 5,261 5,132 4,907 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
23

TABLE 7

UNCONSOLIDATED ANNUAL REVENUES AND EXPENSES 

FOR BROKER-DEALERS DOING A PUBLIC BUSINESS

2007 - 2011 1/

($ in Millions)

2007 2008 2009 2010 2011

Revenues

Securities Commissions $53,919.6 $55,962.6 $48,700.6 $46,762.8 $47,420.9 

Gains (Losses) in Trading and

 Investment Accounts -2,979.7 -66,615.4 39,323.1 25,038.7 6,046.3 

Profits (Losses) from Underwriting

 and Selling Groups 26,502.7 18,664.6 22,578.7 24,427.5 22,933.6 

Margin Interest 32,286.9 18,425.3 4,528.8 4,972.3 6,202.2 

Revenues from Sale of Investment

 Company Shares 26,227.5 22,277.0 17,152.3 18,800.1 19,391.8 

All Other Revenues 338,458.9 239,626.1 145,960.6 133,173.0 134,818.0 

Total Revenues $474,415.9 $288,340.2 $278,244.0 $253,174.5 $236,812.8 

Expenses

Registered Representatives’

 Compensation (Part II Only) 2/ $38,691.8 $35,783.6 $34,897.9 $38,235.9 $41,094.3 

Other Employee Compensation

 and Benefits 62,300.7 55,126.8 55,946.5 59,260.3 56,548.7 

Compensation to Partners and

 Voting Stockholder Officers 3,566.1 3,638.6 3,375.7 3,415.0 3,645.0 

Commissions and Clearance Paid

 to Other Brokers 25,304.1 25,853.1 22,204.5 22,835.7 24,438.1 

Interest Expenses 271,801.3 126,725.4 21,424.3 21,983.6 19,823.6 

Regulatory Fees and Expenses 1,820.3 1,819.8 1,779.1 1,854.4 1,939.8 

All Other Expenses 2/ 71,149.4 73,599.2 67,172.3 71,183.7 75,880.8 

Total Expenses $474,633.8 $322,546.6 $206,800.2 $218,768.6 $223,370.3 

Income and Profitability

Pre-tax Income -$ 217.9 -$34,206.4 $71,443.8 $34,405.9 $13,442.5 

Pre-tax Profit Margin 0.0% -11.9% 25.7% 13.6% 5.7%

Pre-tax Return on Equity -0.1% -20.3% 38.6% 16.4% 6.3%

Number of Firms 4,990 4,825 4,767 4,615 4,481 

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 8

UNCONSOLIDATED BALANCE SHEET FOR BROKER-DEALERS

DOING A PUBLIC BUSINESS

YEAR-END, 2006 - 2011 1/

($ in Millions)

2007 2008 2009 2010 2011

Assets

Cash $108,447.8 $125,093.2 $92,975.4 $99,127.8 $117,176.8

Receivables from Other

 Broker-Dealers 2,534,747.7 1,414,173.0 1,452,397.2 1,363,532.2 1,267,609.3

Receivables from Customers 261,411.6 141,050.7 175,971.4 213,526.7 192,502.9

Receivables from Non-customers 65,205.8 22,181.0 22,961.2 65,582.0 47,027.9

Long Positions in Securities

 and Commodities 1,593,405.1 1,180,322.5 1,049,355.5 1,155,017.8 1,074,566.4

Securities and Investments

 not Readily Marketable 20,183.5 10,417.6 25,473.2 34,342.0 19,688.3

Securities Purchased Under Agreements

 to Resell (Part II only) 2/ 1,473,453.8 1,186,010.9 1,143,322.8 1,429,132.3 1,577,408.0

Exchange Membership 343.0 297.7 353.4 305.6 246.0

Other Assets 2/ 351,392.3 204,007.2 251,398.9 260,745.4 254,065.3

Total Assets $6,408,590.6 $4,283,553.9 $4,214,209.0 $4,621,311.8 $4,550,290.9

Liabilities and Equity Capital

Bank Loans Payable $114,419.7 $43,244.3 $73,472.5 $74,978.7 $45,046.6

Payables to Other Broker-dealers 1,302,074.3 551,802.8 609,723.0 633,730.4 621,109.0

Payables to Non-customers 105,636.7 83,577.0 87,468.5 64,142.0 71,027.5

Payables to Customers 761,114.9 665,798.0 579,548.3 630,170.7 681,310.5

Short Positions in Securities

 and Commodities 523,353.2 295,838.5 352,404.7 447,060.4 381,572.2

Securities Sold Under Repurchase

 Agreements (Part II only) 2/ 2,796,739.7 1,992,187.1 1,768,340.7 2,007,645.7 2,065,576.3

Other Non-subordinated Liabilities 2/ 487,165.7 341,857.2 418,251.3 421,017.1 356,883.3

Subordinated Liabilities 149,696.4 141,151.6 123,159.0 124,831.4 121,861.2

Total Liabilities $6,240,200.5 $4,115,456.5 $4,012,368.0 $4,403,576.4 $4,344,386.5

Equity Capital $168,390.0 $168,097.3 $201,841.0 $217,735.3 $205,904.4

Number of Firms 4,990 4,825 4,767 4,615 4,481

Figures may not add due to rounding.

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

2/ Resale agreements and repurchase agreements for firms that neither carry nor clear are included in “other assets” and “other 

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

Source: FOCUS Report
25

TABLE 9

UNCONSOLIDATED REVENUES AND EXPENSES 

FOR CARRYING/CLEARING BROKER-DEALERS 1/

($ in Millions)

 2010 2011

Percent Percent Percent

of Total of Total Change

Dollars Revenues Dollars Revenues 2010-2011

Revenues

Securities Commissions $32,478.3 16.3% $33,722.0 18.4% 3.8%

Gains (Losses) in Trading and

 Investment Accounts 21,968.3 11.0 4,217.8 2.3 -80.8 

Profits (Losses) from Underwriting

 and Selling Groups 22,924.1 11.5 20,279.7 11.1 -11.5 

Margin Interest 4,972.3 2.5 6,202.2 3.4 24.7 

Revenues from Sale of Investment

 Company Shares 9,439.6 4.7 9,717.9 5.3 2.9 

Miscellaneous Fees 26,043.6 13.1 31,507.7 17.2 21.0 

Revenues from Research 101.3 0.1 109.1 0.1 7.7 

Commodities Revenues 1,507.9 0.8 2,306.6 1.3 53.0 

All Other Revenues 79,534.9 40.0 74,756.5 40.9 -6.0 

Total Revenues $198,970.3 100.0% $182,819.4 100.0% -8.1%

Expenses

Registered Representatives’

 Compensation $ 38,235.9 19.2% $ 41,094.3 22.5% 7.5%

Other Employee Compensation

 and Benefits 44,614.1 22.4 42,087.6 23.0 -5.7 

Compensation to Partners and

 Voting Stockholder Officers 1,346.4 0.7 1,461.7 0.8 8.6 

Commissions and Clearance Paid

 to Other Brokers 10,309.9 5.2 11,404.5 6.2 10.6 

Communications 5,651.2 2.8 5,824.8 3.2 3.1 

Occupancy and Equipment Costs 6,781.1 3.4 6,642.4 3.6 -2.0 

Data Processing Costs 3,194.9 1.6 3,087.1 1.7 -3.4 

Interest Expenses 21,842.0 11.0 19,672.1 10.8 -9.9 

Regulatory Fees and Expenses 1,527.9 0.8 1,632.0 0.9 6.8 

Losses in Error Accounts and Bad Debts 287.5 0.1 372.7 0.2 29.6 

All Other Expenses 34,030.1 17.1 38,576.0 21.1 13.4 

Total Expenses $167,821.1 84.3% $171,855.3 94.0% 2.4%

Income and Profitability

Pre-tax Income $ 31,149.2 15.7% $ 10,964.1 6.0% -64.8%

Pre-tax Profit Margin 15.7% 6.0%

Pre-tax Return on Equity 17.0% 5.9%

Number of Firms 507 502 

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 10

UNCONSOLIDATED BALANCE SHEET FOR 

CARRYING/CLEARING BROKER-DEALERS 1/

($ in Millions)

2010 2011

Percent Percent Percent

of Total of Total Change

Dollars Assets Dollars Assets 2010-2011

Assets

Cash $94,138.3 2.1% $111,322.1 2.5% 18.3%

Receivables from Other Broker-Dealers 1,358,634.2 29.7 1,263,960.2 28.0 -7.0

 (a) Securities Failed to Deliver 43,176.1 0.9 28,768.1 0.6 -33.4

 (b) Securities Borrowed 1,224,520.8 26.8 1,148,981.9 25.5 -6.2 

 (c) Other 90,937.3 2.0 86,210.2 1.9 -5.2

Receivables from Customers 213,526.7 4.7 192,502.9 4.3 -9.8

Receivables from Non-customers 64,500.7 1.4 45,968.4 1.0 -28.7 

Long Positions in Securities and Commodities 1,125,110.2 24.6 1,053,842.8 23.4 -6.3 

 (a) Bankers Acceptances, Certificates of

 Deposit and Commercial Paper 36,245.8 0.8 42,143.1 0.9 16.3 

 (b) U.S. and Canadian Government Obligations 688,836.9 15.1 712,288.6 15.8 3.4

 (c) State and Municipal Government Obligations 39,521.5 0.9 30,876.1 0.7 -21.9 

 (d) Corporate Obligations 169,444.2 3.7 101,163.1 2.2 -40.3

 (e) Stocks and Warrants 114,952.7 2.5 99,289.3 2.2 -13.6 

 (f) Options 26,429.5 0.6 22,872.1 0.5 -13.5 

 (g) Arbitrage 5,501.9 0.1 6,638.9 0.1 20.7

 (h) Other Securities 42,435.5 0.9 36,564.4 0.8 -13.8 

 (i) Spot Commodities 1,742.2 0.0 2,007.1 0.0 15.2 

Securities and Investments Not Readily Marketable 33,986.9 0.7 19,367.4 0.4 -43.0 

Securities Purchased Under Agreements to Resell 1,429,132.3 31.3 1,577,408.0 35.0 10.4 

Exchange Membership 297.4 0.0 237.5 0.0 -20.1

Other Assets 247,911.4 5.4 241,874.6 5.4 -2.4 

Total Assets $4,567,238.1 100.0% $4,506,483.9 100.0% -1.3%

Liabilities and Equity Capital

Bank Loans Payable $69,233.1 1.5% $42,935.1 1.0% -38.0%

Payables to Other Broker-dealers 627,955.6 13.7 618,625.1 13.7 -1.5 

 (a) Securities Failed to Receive 49,869.4 1.1 36,346.5 0.8 -27.1 

 (b) Securities Loaned 532,812.1 11.7 534,212.5 11.9 0.3 

 (c) Other 45,274.2 1.0 48,066.2 1.1 6.2 

Payables to Non-customers 63,522.8 1.4 70,432.3 1.6 10.9 

Payables to Customers 630,170.7 13.8 681,310.5 15.1 8.1 

Short Positions in Securities and Commodities 440,043.2 9.6 376,107.1 8.3 -14.5 

Securities Sold Under Repurchase Agreements 2,007,645.7 44.0 2,065,576.3 45.8 2.9

Other Non-subordinated Liabilities 414,764.5 9.1 350,983.6 7.8 -15.4 

Subordinated Liabilities 122,677.9 2.7 119,814.7 2.7 -2.3 

Total Liabilities $4,376,013.6 95.8% $4,325,784.7 96.0% -1.1%

Equity Capital $191,224.5 4.2% $180,699.2 4.0% -5.5%

Number of Firms 507 502

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 11

TRANSACTION ACTIVITY IN EQUITIES, OPTIONS, 

AND SECURITY FUTURES

Market Value of Sales (millions)

 Option Exercise Security

Equity Option and Futures Futures

Year Total Trading Trading Deliveries Trading1

1992 $3,148,024 $3,077,507 $26,586 $43,931 

1993 $4,261,937 $4,179,743 $33,779 $48,415 

1994 $4,591,283 $4,501,577 $35,883 $53,823 

1995 $6,321,475 $6,207,746 $50,803 $62,926 

1996 $8,266,339 $8,123,748 $67,862 $74,729 

1997 $11,692,830 $11,487,872 $104,535 $100,422 

1998 $15,164,183 $14,903,153 $140,261 $120,769 

1999 $23,218,783 $22,813,331 $260,294 $145,159 

2000 $36,275,278 $35,557,087 $485,106 $233,085 

2001 $26,138,050 $25,636,203 $277,549 $224,298 

2002 $23,028,157 $22,657,944 $161,278 $208,935 307,169

2003 $22,737,469 $22,291,534 $164,085 $281,851 2,501,247

2004 $27,875,851 $27,158,223 $222,962 $494,666 2,175,093

2005 $34,567,580 $33,222,684 $350,365 $994,531 5,493,850

2006 $43,940,594 $41,797,793 $531,302 $1,611,498 7,793,480

2007 $66,135,906 $63,064,287 $860,659 $2,210,959 7,858,431

2008 $82,012,446 $78,653,007 $1,095,766 $2,263,674 3,733,682

2009 $59,849,805 $57,565,681 $709,842 $1,574,282 2,728,266

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

Calendar Year 2011

BATS $6,902,155 $6,770,183 $36,306 $95,665 

BATS_Y $1,282,252 $1,282,252 

C2OE $26,633 $7,521 $19,112 

CBOE $693,064 $103,674 $157,127 $432,263 

CMX 127

CHX $391,449 $391,449 

EDGA $1,906,355 $1,906,355 

EDGX $3,807,023 $3,807,023 

FINRA $18,180,500 $18,180,500 

ISE $493,032 $135,080 $357,952 

NASDAQ OMX BX $1,190,186 $1,093,171 $26,615 $70,400 

NASDAQ OMX PHLX $1,771,239 $667,797 $293,962 $809,481 

NASDAQ $13,757,263 $13,600,885 $40,738 $115,640 

NSX $335,280 $335,280 

NYSE $8,389,166 $8,389,166 

NYSE Amex $528,454 $124,059 $111,619 $292,775 

NYSE Arca $10,439,404 $10,031,094 $114,421 $293,889 

One Chicago $6,739 $6,739 3,672,771

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.