SELECT SEC AND MARKET DATA

FISCAL 2014

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

Enforcement Action Summary Chart for Fiscal 2014 by Primary Classification........................................................................ 3

Fiscal 2014 Enforcement Cases Listed by Program Area ........................................................................................................ 4

Investigations of Possible Violations of the Acts Administered by the Commission............................................................... 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 Year-End........................................................ 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

Contents
2

● Obtained orders in SEC judicial and administrative proceedings requiring securities

violators to disgorge illegal profits of approximately $2.788 billion and to pay penalties

of approximately $1.378 billion.

● Sought orders barring 74 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 26 actions, and sought asset

freezes in 30 actions.

● Filed 12 actions to enforce investigative subpoenas.

● Halted trading in securities of 589 issuers about which there was inadequate public

disclosure.

In SEC-related criminal cases, prosecutors filed 127 indictments, informations, or contempts

in Fiscal 2014.

TABLE 1

ENFORCEMENT MILESTONES 

FISCAL 2014

*Revised June 01, 2015 from 57 as originally published.
3

TABLE 2

ENFORCEMENT ACTION SUMMARY CHART

FOR FISCAL 2014 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.)

 Civil Administrative % of 

Primary Classification Actions Proceedings Total Total Actions

Broker-Dealer 7 (10) 159 (179) 166 (189) 22.0%

Delinquent Filings 0 (0) 110 (453) 110 (453)** 14.6%

Foreign Corrupt Practices Act 3 (3) 4 (4) 7 (7) 0.9%

Insider Trading 40 (75) 12 (13) 52 (88) 6.9%

Investment Advisors/Investment Companies 10 (34) 120 (171) 130 (205) 17.2%

Issuer Reporting and Disclosure 12 (28) 84 (117) 96 (145)*** 12.7%

Market Manipulation 17 (57) 46 (51) 63 (108) 8.3%

Miscellaneous 0 (0) 37 (40) 37 (40) 4.9%

Municipal Securities & Public Pensions 2 (4) 4 (8) 6 (12) 0.8%

(formerly Municipal Offerings)

Securities Offering 52 (261) 29 (42) 81 (303) 10.7%

Transfer Agent 2 (4) 5 (7) 7 (11) 0.9%

TOTALS 145 (476) 610 (1085) 755 (1561) 100%

**Revised June 01, 2015 from Total 107 (445) as originally published. 

*** Revised June 01, 2015 from Total 99 (153) as originally published.
4

Broker-Dealer

In the Matter of Philip Mark Cain 34-70592 10/01/13

In the Matter of Arn Wilson 34-70633 10/08/13

In the Matter of Peter D. Kirschner 34-70649 10/09/13

In the Matter of Stuart M. Rubens 34-70651 10/09/13

In the Matter of Timothy J. Geidel 34-70642 10/09/13

In the Matter of Robert Petrozzo 34-70645 10/09/13

In the Matter of Mark Steven Berg 34-70640 10/09/13

In the Matter of Corbin Jones 34-70646 10/09/13

In the Matter of Shawn H. Moore 34-70650 10/09/13

In the Matter of James C. Mulholland, Jr. 34-70679 10/11/13

In the Matter of Thomas S. Mulholland 34-70680 10/11/13

In the Matter of John Micciola 34-70686 10/15/13

In the Matter of Knight Capital Americas LLC 34-70694 10/16/13

In the Matter of James A. Philbrook 34-70716 10/18/13

In the Matter of Peter C. Orthos 34-70727 10/21/13

In the Matter of Huakang Zhou (a/k/a David Zhou), et al. 34-70749 10/23/13

In the Matter of Joseph M. Mancuso 34-70768 10/29/13

In the Matter of Scott Tierney 34-70770 10/29/13

In the Matter of Wayne Reed Ogden 34-70778 10/30/13

In the Matter of Terry Paul Ogden 34-70779 10/30/13

In the Matter of Jeremy S. Fisher 34-70786 10/31/13

In the Matter of Robert Grabowski 34-70790 10/31/13

In the Matter of Joseph Sorbara 34-70814 11/05/13

In the Matter of Charles M. Raspa 34-70813 11/05/13

In the Matter of Steven Markowitz 34-70815 11/05/13

SEC v. RBS Securities Inc. LR-22866 11/07/13

In the Matter of John R. Graves 34-70938 11/25/13

In the Matter of John B. Guyette 34-70939 11/25/13

In the Matter of Daniel Imperato 34-70959 11/27/13

In the Matter of Nicholas J. Polito, Jr. 34-70980 12/04/13

In the Matter of Michael Anthony Gonzalez 34-71012 12/06/13

In the Matter of A.L. Waters Capital, LLC 34-71049 12/11/13

In the Matter of Ronald Gene Anglin 34-71109 12/17/13

In the Matter of Alex Halimi 34-71097 12/17/13

In the Matter of G-Trade Services LLC, et al. 34-71128 12/18/13

In the Matter of Jonathan Samuel Daspin 34-71126 12/18/13

In the Matter of Thomas Lekargeren 34-71127 12/18/13

In the Matter of Sandeep Aggarwal 34-71260 01/08/14

In the Matter of Louis J. Schaufele III 34-71315 01/15/14

In the Matter of Michael B. Spadino 34-71368 01/22/14

In the Matter of Waldyr Da Silva Prado Neto 34-71379 01/23/14

TABLE 3

FISCAL 2014 ENFORCEMENT CASES 

LISTED BY PROGRAM AREA

Case Name Release No. Date Filed
5

In the Matter of Trent Martin 34-71369 01/23/14

In the Matter of James A. Rathgeber 34-71399 01/27/14

In the Matter of Kevin Patrick Brody 34-71398 01/27/14

In the Matter of Shawn C. Hegedus 34-71427 01/28/14

In the Matter of Michael R. Enea 34-71414 01/28/14

In the Matter of Thomas C. Conradt 34-71429 01/28/14

In the Matter of Douglas Costabile 34-71437 01/29/14

In the Matter of Scottrade, Inc. 34-71435 01/29/14

In the Matter of Andrea Lando-Tanico 34-71443 01/30/14

In the Matter of Patrick Verdi 34-71441 01/30/14

In the Matter of Melvyn Nathanson 34-71442 01/30/14

In the Matter of Dante Demiro 34-71459 01/31/14

In the Matter of Ross Inserra 34-71464 01/31/14

In the Matter of Charles W. Adams 34-71463 01/31/14

In the Matter of Thomas C. Gonnella 33-9544 02/04/14

In the Matter of Ryan C. King 33-9543 02/04/14

In the Matter of Marek Leszczynski 34-71476 02/04/14

In the Matter of Benjamin Chouchane 34-71477 02/04/14

In the Matter of Henry A. Condron 34-71478 02/04/14

In the Matter of Geoffrey W. Nehrenz 34-71492 02/05/14

In the Matter of Faisal Siddiqui 34-71500 02/06/14

In the Matter of Salmaan Siddiqui 34-71501 02/06/14

In the Matter of David J. Weishaus 34-71497 02/06/14

In the Matter of Matthew Scott Menies 34-71547 02/12/14

In the Matter of David L. Rothman 34-71548 02/12/14

In the Matter of Mark Andrew Singer 34-71563 02/18/14

In the Matter of Michael Gordon 34-71561 02/18/14

In the Matter of Mark Feathers 34-71565 02/18/14

In the Matter of Hajradin Mucovic 34-71573 02/19/14

In the Matter of Michael A. Tripodi 34-71587 02/20/14

In the Matter of Fabrizio Neves 34-71599 02/21/14

In the Matter of Gary L. McDuff 34-71594 02/21/14

In the Matter of Leonard Inserra 34-71592 02/21/14

SEC v. Kevin P. O’Brien LR-22931 02/21/14

In the Matter of Vincent Buonauro, Jr. 34-71612 02/25/14

In the Matter of John W. Femenia 34-71619 02/26/14

In the Matter of Henry Morris 34-71676A 03/10/14

In the Matter of Julio Ramirez, Jr. 34-71678A 03/10/14

In the Matter of Jefferies LLC 34-71695 03/12/14

In the Matter of George Louis Theodule 34-71694 03/12/14

In the Matter of Marc S. Firestone, et al. 34-71714 03/13/14

In the Matter of Frank I. Reinschreiber 34-71724 03/14/14

In the Matter of Michael Aaron Brady 34-71734 03/18/14

In the Matter of Jenny E. Coplan 34-71735 03/18/14

In the Matter of Michael D. Montgomery 34-71738 03/18/14

In the Matter of Gary A. Cabello 34-71732 03/18/14

In the Matter of Feisal Sharif 34-71743 03/19/14

In the Matter of Frank Mazzola, et al. 34-71757 03/20/14

In the Matter of Alan Sheinwald, et al. 34-71847 04/02/14

Case Name Release No. Date Filed
6

In the Matter of Visionary Trading LLC, et al. 34-71871 04/04/14

In the Matter of Ronald E.Walblay 34-71928 04/10/14

In the Matter of Patrick J. Booths 34-71944 04/14/14

In the Matter of Joshua D. Spivey 34-71943 04/14/14

In the Matter of Steven J. Little 34-71942 04/14/14

In the Matter of Robert C. Rice 34-71949 04/15/14

In the Matter of Kenneth C. Tebbs 34-71955 04/16/14

In the Matter of Julianne Chalmers 34-71969 04/17/14

In the Matter of Matthew D. Sample 34-71993 04/22/14

In the Matter of Armand R. Franquelin 34-71991 04/22/14

In the Matter of Jane E. O’Brien 34-72010 04/23/14

In the Matter of Jauyo (“Jason”) Lee 34-72072 05/01/14

In the Matter of Rafferty Capital Markets, LLC 34-72171 05/15/14

SEC v. Behrooz Sarafraz LR-22993 05/15/14

In the Matter of Thomas R. Delaney II, et al. 34-72185 05/19/14

In the Matter of Michael H. Johnson 34-72186 05/19/14

In the Matter of Lindsey Alan Wetzig 34-72187 05/19/14

In the Matter of Steven B. Heinz 34-72209 05/21/14

In the Matter of Donald R. French, Jr. 34-72257 05/27/14

In the Matter of Blayne S. Davis 34-72256 05/27/14

In the Matter of Albert E. Gilner 34-72258 05/27/14

In the Matter of Randi A. Bochinski 34-72259 05/27/14

In the Matter of Richard Olive 34-72275 05/29/14

In the Matter of Susan Olive 34-72274 05/29/14

In the Matter of Behrooz Sarafraz 34-72282 05/30/14

In the Matter of John J. Bravata, et al. 34-72290 06/02/14

In the Matter of S. Paul Kelley 34-72289 06/02/14

In the Matter of Philip T. Powers 34-72310 06/04/14

In the Matter of Kenneth Gross 34-72345 06/06/14

In the Matter of Liquidnet, Inc. 33-9596 06/06/14

In the Matter of Wedbush Securities Inc., et al. 34-72340 06/06/14

In the Matter of Larry R. Polhill 34-72380 06/12/14

In the Matter of Christopher A.T. Pedras 34-72423 06/18/14

In the Matter of Alicia Bryan 34-72424 06/18/14

In the Matter of W. Mark Miller, CPA 34-72516 07/02/14

In the Matter of Bernard H. Butts, Jr., Esq. 34-72653 07/22/14

In the Matter of LavaFlow, Inc. 34-72673 07/25/14

In the Matter of David H. Stern 34-72731 07/31/14

SEC v. Donna Jessee Tucker LR-23053 07/31/14

In the Matter of Derl H. Knarr 34-72737 08/01/14

SEC v. John Thornes, et al. LR-23058 08/04/14

SEC v. Anthony G. Blumberg LR-23061 08/07/14

In the Matter of Bret A. Grove 34-72795 08/08/14

In the Matter of Crucible Capital Group, Inc., et al. 34-72797 08/08/14

In the Matter of Fred Golt 34-72827 08/12/14

In the Matter of Nicholas D. Skaltsounis 34-72832 08/13/14

In the Matter of Walter L. Ross 34-72840 08/13/14

In the Matter of Linkbrokers Derivatives, LLC 34-72846 08/14/14

In the Matter of Matthew P. Ionno 34-72859 08/18/14

Case Name Release No. Date Filed
7

In the Matter of Scott Ashton Riggs 34-72861 08/18/14

In the Matter of Monness, Crespi, Hardt & Co., Inc. 34-72886 08/20/14

In the Matter of Daniel R. Baker 34-72897 08/22/14

In the Matter of Dean R. Baker 34-72898 08/22/14

In the Matter of Demosthenes Dritsas 34-72900 08/22/14

In the Matter of Stephen Walsh 34-72905 08/22/14

In the Matter of Donna Jessee Tucker 34-72906 08/22/14

In the Matter of Brian Scott Zwerner 34-72922 08/26/14

In the Matter of Jesse C. Litvak 34-72958 09/02/14

In the Matter of Mark Crosby Nevdahl 33-9642 09/05/14

In the Matter of Gary Harrison Lane 34-73077 09/11/14

In the Matter of Alexander W. Wright 34-73074 09/11/14

In the Matter of Michael Lee Mendenhall 34-73087 09/12/14

In the Matter of Kevin P. O’Brien 34-73097 09/15/14

In the Matter of Jeremy Michael Hart 34-73129 09/17/14

In the Matter of Anthony Leon Semadeni 34-73130 09/17/14

In the Matter of Latour Trading LLC, et al. 34-73125 09/17/14

In the Matter of Wells Fargo Advisors, LLC 34-73175 09/22/14

In the Matter of Blake Richards 34-73186 09/23/14

In the Matter of Randal Kent Hansen 34-73216 09/25/14

In the Matter of Colorado Financial Service Corporation 34-73219 09/25/14

In the Matter of Eric Aronson 34-73223 09/25/14

In the Matter of Duncan J. MacDonald, III 34-73250 09/29/14

In the Matter of Rothman Securities, Inc., et al. 34-73248 09/29/14

In the Matter of Paul Edward “Ed” Lloyd, Jr., CPA 33-9660 09/30/14

In the Matter of Gloria Solomon 34-73270 09/30/14

SEC v. Dennis F. Wright LR-23100 09/30/14

Delinquent Filings 

In the Matter of China Ritar Power Corp. 34-70610 10/04/13

In the Matter of High End Ventures, Inc. 34-70724 10/21/13

In the Matter of Newtech Resources Ltd. 34-70722 10/21/13

In the Matter of Heritage Worldwide, Inc., et al. 34-70783 10/31/13

In the Matter of Acies Corporation, et al. 34-70785 10/31/13

In the Matter of HouseRaising, Inc., et al. 34-70896 11/19/13

In the Matter of Community Alliance, Inc., et al. 34-70973 12/04/13

In the Matter of Catch By Gene, Inc., et al. 34-70975 12/04/13

In the Matter of ICC Worldwide, Inc., et al. 34-70987 12/05/13

In the Matter of The Enlightened Gourmet, Inc., et al. 34-71115 12/18/13

In the Matter of Golden Elephant Glass Technology, Inc., et al. 34-71113 12/18/13

In the Matter of China Dongfang Healthcare Group, Inc., et al. 34-71135 12/19/13

In the Matter of Bank of Florida Corp., et al. 34-71136 12/19/13

In the Matter of CompuSonics Video Corporation 34-71151 12/20/13

In the Matter of China Metallic Resources, Inc., et al. 34-71234 01/06/14

In the Matter of Asia Health & Beauty Treasure, Inc., et al. 34-71235 01/06/14

In the Matter of Environmental Energy Services, Inc., et al. 34-71241 01/07/14

In the Matter of Matech Corp., et al. 34-71243 01/07/14

In the Matter of Aden Solutions Inc., et al. 34-71304 01/15/14

Case Name Release No. Date Filed
8

In the Matter of Power Air Corporation, et al. 34-71306 01/15/14

In the Matter of Advanced Pipe Fitting Technologies, Inc. 34-71384 01/24/14

In the Matter of New Dragon Asia Corp. 34-71380 01/24/14

In the Matter of Jinhao Motor Company 34-71382 01/24/14

In the Matter of Colorado 2001C Limited Partnership

(f/k/a PDC 2001-C Limited Partnership) 34-71412 01/28/14

In the Matter of Colorado 2001D Limited Partnership

(f/k/a PDC 2001-D Limited Partnership) 34-71413 01/28/14

In the Matter of Covenant Bancshares, Inc. 34-71411 01/28/14

In the Matter of Gabriel Technologies Corporation 34-71434 01/29/14

In the Matter of Horizon Financial Corp. 34-71439 01/30/14

In the Matter of Frontier Financial Corporation 34-71440 01/30/14

In the Matter of Veridien Corporation 34-71438 01/30/14

In the Matter of Tweeter Home Entertainment Group, Inc. 

(a/k/a TWTR, Inc.), et al. 34-71579 02/20/14

In the Matter of Ads In Motion, Inc., et al. 34-71581 02/20/14

In the Matter of George Foreman Enterprises, Inc., et al. 34-71682 03/11/14

In the Matter of Newnan Coweta Bancshares, Inc., et al. 34-71680 03/11/14

SEC v. Agfeed Industries, Inc., et al. None 03/11/14

In the Matter of Freedom Environmental Services, Inc. 34-71711 03/13/14

In the Matter of Bristol Rhace Natural Resource Corp. 34-71739 03/19/14

In the Matter of First State Bancorporation 34-71740 03/19/14

In the Matter of Tarcon Acquisitions I, Inc. 34-71741 03/19/14

In the Matter of IVI Communications, Inc., et al 34-71753 03/20/14

In the Matter of Network Dealer Services Holding Corp., et al. 34-71755 03/20/14

In the Matter of China Shen Zhou Mining & Resources, Inc., et al. 34-71803 03/26/14

In the Matter of Hendrx Corp., et al. 34-71816 03/27/14

In the Matter of Aclor International, Inc., et al. 34-71834 04/01/14

In the Matter of Amcore Financial, Inc., et al. 34-71947 04/15/14

In the Matter of Valley Forge Composite Technologies, Inc. 34-71974 04/21/14

In the Matter of Castle Arch Real Estate Investment Co., LLC, et al. 34-71992 04/22/14

In the Matter of Assured Equities IV Corp., et al. 34-72043 04/29/14

In the Matter of GeNOsys, Inc. 34-72093 05/05/14

In the Matter of ATS Corporation, et al. 34-72110 05/07/14

In the Matter of Imaging Diagnostic Systems, Inc. 34-72121 05/08/14

In the Matter of Cybermesh International Corp., et al. 34-72166 05/15/14

In the Matter of China Green Lighting Limited, et al. 34-72201 05/21/14

In the Matter of International Development and Environmental Holdings 34-72222 05/22/14

In the Matter of OCTuS, Inc., et al. 34-72233 05/23/14

In the Matter of Pro-Tech Industries, Inc., et al. 34-72237 05/23/14

In the Matter of Asia Global Holdings Corp., et al. 34-72264 05/28/14

In the Matter of Carbon 612 Corporation, et al. 34-72270 05/29/14

In the Matter of Cloudeeva, Inc. 34-72287 06/02/14

In the Matter of Advanced Water Technology Holdings, Inc., et al. 34-72295 06/02/14

In the Matter of China Digital Animation Development, Inc. 34-72318 06/05/14

In the Matter of FLM Minerals, Inc. 34-72316 06/05/14

In the Matter of Zhidali Radio and Television Network, Inc. 34-72320 06/05/14

In the Matter of China Power Technology, Inc. 34-72322 06/05/14

In the Matter of Symbollon Pharmaceuticals, Inc. 34-72341 06/06/14

Case Name Release No. Date Filed
9

In the Matter of The Bank Holdings, et al. 34-72365 06/11/14

In the Matter of LifeHealthCare, Inc., et al. 34-72367 06/11/14

In the Matter of Crescent Banking Co., et al. 34-72401 06/17/14

In the Matter of Applied NeuroSolutions, Inc., et al. 34-72403 06/17/14

In the Matter of AISystems, Inc., et al. 34-72417 06/18/14

In the Matter of Cepheus Acquisition Corp., et al. 34-72456 06/24/14

In the Matter of BioMedical Technology Solutions Holdings, Inc., et al. 34-72451 06/24/14

In the Matter of Brooklin Systems, Inc., et al. 34-72475 06/25/14

In the Matter of Catalyst Group Holdings Corp., et al. 34-72507 07/01/14

In the Matter of China Everhealth Corp., et al. 34-72508 07/01/14

In the Matter of Radient Pharmaceuticals Corporation 34-72529 07/03/14

In the Matter of ErgoBilt, Inc., et al. 34-72581 07/10/14

In the Matter of Alaska Gold Corp., et al. 34-72612 07/16/14

In the Matter of mBeach Software, Inc. 34-72648 07/21/14

In the Matter of Accredited Business Consolidators Corp., et al. 34-72726 07/31/14

In the Matter of Global Stevia Corp. 34-72776 08/06/14

In the Matter of Datascension, Inc., et al. 34-72774 08/06/14

In the Matter of Amico Games Corp., et al. 34-72770 08/06/14

In the Matter of Conquest Petroleum Inc., et al. 34-72772 08/06/14

In the Matter of Bering Growth Corp., et al. 34-72818 08/12/14

In the Matter of IPKV Holdings, Inc., et al. 34-72819 08/12/14

In the Matter of Black Hawk Exploration, et al. 34-72843 08/14/14

In the Matter of Bellavista Capital, Inc., et al. 34-72858 08/18/14

In the Matter of Balaton Power, Inc., et al. 34-72863 08/19/14

In the Matter of International Building Technologies Group, Inc., et al. 34-72870 08/20/14

In the Matter of ATP Oil & Gas Corp., et al. 34-72872 08/20/14

In the Matter of China Clean Energy Acquisition Corp., et al. 34-72910 08/25/14

In the Matter of Alto Group Holdings, Inc., et al. 34-72935 08/27/14

In the Matter of China Wood, Inc. 34-72925 08/27/14

In the Matter of Xinde Technology Company 34-72927 08/27/14

In the Matter of Gold Horse International, Inc. 34-72929 08/27/14

In the Matter of Clavis Technologies International Co., Ltd. 34-72931 08/27/14

In the Matter of QSGI, Inc. 34-72940 08/28/14

In the Matter of Asia Cork, Inc., et al. 34-72979 09/04/14

In the Matter of Bay Acquisition Corp., et al. 34-72981 09/04/14

In the Matter of AJ Acquisition Corp. I, Inc., et al. 34-73001 09/05/14

In the Matter of Bethesda C0801, Inc., et al. 34-73002 09/05/14

In the Matter of Fox Petroleum, Inc., et al. 34-73031 09/09/14

In the Matter of Bio Oil National Corp., et al. 34-73030 09/09/14

In the Matter of Adarna Energy Corp., et al. 34-73089 09/15/14

In the Matter of Asian Dragon Group, Inc., et al. 34-73091 09/15/14

In the Matter of Corridor Ventures II Acquisition Corp., et al. 34-73138 09/18/14

In the Matter of China Bus Group Co., et al. 34-73139 09/18/14

In the Matter of AGR Tools, Inc., et al. 34-73135 09/18/14

In the Matter of China Valves Technology, Inc. 34-73242 09/29/14

 

Foreign Corrupt Practices Act 

SEC v. Diebold, Inc. LR-22849 10/22/13

In the Matter of Stryker Corporation 34-70751 10/24/13

Case Name Release No. Date Filed
10

SEC v. Weatherford International Ltd. LR-22880 11/26/13

SEC v. Archer-Daniels-Midland Company LR-22900 12/20/13

In the Matter of Alcoa Inc. 34-71261 01/09/14

In the Matter of Hewlett-Packard Company 34-71916 04/09/14

In the Matter of Smith & Wesson Holding Corporation 34-72678 07/28/14

 

Insider Trading 

SEC v. Dennis Rosenberg LR-22858 10/28/13

SEC v. Mark Megalli LR-22870 11/14/13

SEC v. Sam Miri LR-22874 11/21/13

SEC v. Charles Raymond Langston III, et al. LR-22882 12/03/13

SEC v. Brian D. Jorgenson, et al. LR-22893 12/19/13

SEC v. David F. Marchand LR-22899 12/23/13

In the Matter of Marcus S. Spillson 34-71270 01/09/14

SEC v. Steven M. Dombrowski, et al. LR-22913 01/28/14

SEC v. Hao He a/k/a Jimmy He LR-22921 02/06/14

SEC v. Frank Perkins Hixon, Jr., et al. None 02/20/14

SEC v. Richard T. Posey LR-22970 03/06/14

SEC v. Ronald N. Dennis LR-22942 03/13/14

In the Matter of Wilfred J. Halpern, CPA 34-71748 03/19/14

SEC v. David J. Cancian LR-22946 03/19/14

SEC v. Vladimir Eydelman, et al. LR-22948 03/19/14

SEC v. Ching Hwa Chen LR-22958 03/31/14

SEC v. Tyrone Hawk LR-22957 03/31/14

SEC v. Walter D. Wagner, et al. LR-22965 04/03/14

SEC v. Keith A. Seilhan LR-22975 04/17/14

SEC v. Dr. Loretta M. Itri, et al. None 04/21/14

SEC v. Chris Choi None 04/23/14

In the Matter of Oded Gabay 34-72021 04/25/14

In the Matter of Aharon R. Yehuda 34-72022 04/25/14

In the Matter of Suken A. Shah 34-72023 04/25/14

In the Matter of Shimul A. Shah 34-72024 04/25/14

SEC v. Christopher Saridakis, et al. LR-22981 04/25/14

SEC v. John Campani LR-22987 05/06/14

SEC v. John Mullin LR-22987 05/06/14

SEC v. Alan Posner LR-22987 05/06/14

SEC v. Herbert R. Lawson, et al. LR-22989 05/12/14

SEC v. Derek Cohen, et al. LR-22991 05/12/14

In the Matter of Christopher D. Wiest 34-72155 05/13/14

SEC v. Franklin M. Chu LR-22996 05/19/14

SEC v. Daniel J. Lama LR-22996 05/19/14

SEC v. Glenn Cohen, et al. LR-22999 05/22/14

SEC v. Ronald L. Drewery LR-23004 05/27/14

SEC v. Michael J. Baron LR-23018 06/10/14

SEC v. Saleem Khan, et al. LR-23022 06/13/14

SEC v. Daryl M. Payton, et al. LR-23031 06/25/14

SEC v. Eric McPhail, et al. LR-23040 07/11/14

SEC v. Kevin McGrath LR-23049 07/21/14

Case Name Release No. Date Filed
11

SEC v. Donald S. Toth, et al. LR-23067 08/13/14

SEC v. Moshe Manoah, et al. LR-23069 08/14/14

SEC v. J. Patrick O’Neill, et al. LR 23070 08/18/14

SEC v. Michael Anthony Dupre Lucarelli LR-23074 08/26/14

SEC v. Dimitry Braveman, et al. LR-23086 09/16/14

SEC v. Frank Tamayo LR-23089 09/19/14

In the Matter of David A. Roskein 34-73197 09/23/14

In the Matter of Richard O’Leary 33-9655 09/25/14

In the Matter of Gregory T. Bolan, Jr., et al. 33-9659 09/29/14

In the Matter of Filip Szymik 34-73262 09/30/14

In the Matter of Jordan Peixoto 34-73263 09/30/14

 

Investment Advisors/Investment Companies 

In the Matter of Brewer Investment Advisors, LLC IA-3684 10/01/13

In the Matter of Manarin Investment Counsel, Ltd., et al. 33-9462 10/02/13

In the Matter of Richard Lee IA-3688 10/08/13

In the Matter of Jonathan Fraiman 34-70678 10/11/13

In the Matter of Burton Douglas Morriss IA-3690 10/11/13

In the Matter of Michael J. Fulcher IA-3692 10/16/13

In the Matter of Gignesh Movalia IA-3694 10/17/13

In the Matter of Edwin V. Gaw IA-3695 10/17/13

In the Matter of Stephen E. Gagnon IA-3697 10/21/13

In the Matter of Todd Newman IA-3699 10/21/13

In the Matter of Anthony Chiasson IA-3698 10/21/13

In the Matter of Aleksey P. Koval a/k/a Alexei P. Koval 34-70737 10/22/13

In the Matter of Modern Portfolio Management, Inc., et al. IA-3702 10/23/13

In the Matter of Equitas Capital Advisors, LLC, et al. 34-70743 10/23/13

In the Matter of Stephen Derby Gisclair 34-70742 10/23/13

In the Matter of GW & Wade, LLC IA-3706 10/28/13

In the Matter of Knelman Asset Management Group, LLC, et al. IA-3705 10/28/13

In the Matter of Further Lane Asset Management, LLC, et al. 34-70759 10/28/13

In the Matter of Resources Planning Group, Inc. IA-3710 11/05/13

In the Matter of Anthony J. Klatch, II IA-3712 11/06/13

In the Matter of Prestige Capital Advisors, LLC IA-3714 11/07/13

In the Matter of Victoria A. Hunt IA-3713 11/07/13

In the Matter of Carlene B. Veara IA-3718 11/15/13

In the Matter of Agamas Capital Management, LP IA-3719 11/19/13

In the Matter of Larry C. Grossman, et al. 33-9481 11/20/13

In the Matter of Paul Anthony Mozicato IA-3723 11/25/13

In the Matter of Ambassador Capital Management, LLC, et al. IA-3725 11/26/13

In the Matter of Parallax Investments, LLC, et al. 34-70944 11/26/13

In the Matter of Tri-Star Advisors, Inc., et al. IA-3727 11/26/13

In the Matter of Marie L. Huber, et al. 33-9488 11/27/13

In the Matter of Charles J. Dushek, et al. IA-3729 12/02/13

In the Matter of Corey Ribotsky IA-3730 12/03/13

In the Matter of Matthew K. Lazar 34-71043 12/11/13

In the Matter of Mark M. Wayne 34-71069 12/12/13

In the Matter of Rodney A. Smith, et al. 34-71070 12/12/13

In the Matter of Frank Dappah IA-3740 12/17/13

Case Name Release No. Date Filed
12

In the Matter of West Coast Asset Management, Inc., et al. 33-9501 12/23/13

In the Matter of Jim Poe and Associates, Inc., et al. IA-3747 12/24/13

In the Matter of Instinet, LLC 34-71191 12/26/13

In the Matter of Peter B. Madoff, Esq. 34-71207 12/30/13

In the Matter of Patrick G. Rooney IA-3751 01/08/14

In the Matter of Western Asset Management Company IA-3763 01/27/14

In the Matter of Western Asset Management Co. IA-3762 01/27/14

In the Matter of Navigator Money Management, Inc., et al. 33-9521 01/30/14

SEC v. Lawrence E. Penn, III, et al. None 01/30/14

In the Matter of Roy Dixon, Jr. 34-71522 02/11/14

In the Matter of Ronald E. Huxtable II 33-9547 02/12/14

In the Matter of Jerry A. Smith IA-3778 02/12/14

SEC v. James Y. Lee, et al. LR-22927 02/13/14

In the Matter of Jerry S. Williams IA-3781 02/20/14

In the Matter of Credit Suisse Group AG 34-71593 02/21/14

In the Matter of Clean Energy Capital, LLC, et al. 33-9551 02/25/14

In the Matter of Robert Custis 34-71628 02/27/14

In the Matter of Michael Ryan Shechtman 34-71658 03/06/14

In the Matter of Daniel Bergin 34-71656 03/06/14

In the Matter of Howard Feder, et al. 34-71713 03/13/14

In the Matter of Fredrick D. Scott IA-3795 03/13/14

In the Matter of Aaron Jousan Johnson IA-3801 03/20/14

In the Matter of Patrick J. Sullivan 34-71766 03/21/14

In the Matter of Jeffrey M. Semanscin IA-3807 04/02/14

In the Matter of Delsa U. Thomas, et al. IA-3806 04/02/14

In the Matter of Transamerica Financial Advisors, Inc. 34-71850 04/03/14

In the Matter of James Alexander Shepherd IA-3815 04/08/14

In the Matter of Richard J. Buswell 34-71907 04/08/14

In the Matter of Herbert Steven Fouke 34-71908 04/08/14

In the Matter of Keiko Kawamura 33-9574 04/08/14

In the Matter of Anthony J. Davian IA-3817 04/10/14

In the Matter of Total Wealth Management, et al. 33-9575 04/15/14

In the Matter of Brian Williamson, Esq. 34-71994 04/22/14

SEC v. Douglas E. Cowgill, et al. LR-22985 04/29/14

SEC v. Barry R. Bekkedam LR-22983 04/30/14

SEC v. Vineet Kalucha, et al. LR-22988 05/05/14

In the Matter of Ronald N. Dennis IA-3831 05/08/14

In the Matter of Gurudeo Persaud 34-72145 05/09/14

In the Matter of Mark F. Spangler IA-3834 05/09/14

SEC v. Neal V. Goyal, et al. LR-23008 05/28/14

In the Matter of Everett C. Miller IA-3840 05/30/14

In the Matter of Christopher B. Ruffle IC-31066 06/02/14

SEC v. Scott Valente, et al. LR-23012 06/03/14

In the Matter of Christopher B. Mintz 34-72353 06/09/14

In the Matter of UASNM, Inc. IA-3846 06/09/14

In the Matter of Dennis J. Malouf 33-9597 06/09/14

In the Matter of Saul Meyer IA-3851 06/10/14

In the Matter of Robert G. Bard IA-3850 06/10/14

In the Matter of Vision Specialist Group, LLC IA-3849 06/10/14

Case Name Release No. Date Filed
13

In the Matter of Robert C. Acri 33-9599 06/11/14

In the Matter of Thomas E. Meade IA-3855 06/11/14

In the Matter of Michael S. Steinberg IA-3853 06/11/14

In the Matter of Siming Yang IA-3856 06/12/14

In the Matter of Paradigm Capital Management, Inc., et al. 34-72393 06/16/14

In the Matter of TL Ventures Inc. IA-3859 06/20/14

In the Matter of Penn Mezzanine Partners Management, L.P. IA-3858 06/20/14

SEC v. Weston Capital Asset Management, LLC, et al. LR-23026 06/23/14

In the Matter of David J. Montanino 33-9604 06/24/14

In the Matter of Thomas H. Redmond, Jr. 34-72463 06/25/14

SEC v. Cheryl L. Robinson LR-23032 06/26/14

In the Matter of S.A.C. Capital Advisors, L.P., et al. IA-3864 06/27/14

In the Matter of SignalPoint Asset Management, LLC, et al. 34-72515 07/02/14

In the Matter of Thomas D. Renison IA-3871 07/03/14

In the Matter of Lawrence M. Labine 33-9611 07/08/14

In the Matter of Albert Hallac 34-72609 07/15/14

In the Matter of Lakeside Capital Management, LLC, et al. 34-72635 07/17/14

In the Matter of John Vincent Greco IA-3880 07/23/14

In the Matter of Dominick & Dominick LLC, et al. 34-72694 07/28/14

In the Matter of Neal V. Goyal IA-3886 07/31/14

In the Matter of Jason D. Huntley IA-3885 07/31/14

In the Matter of Keith Wellner IA-3887 08/01/14

In the Matter of Keith MacDonald Summers 33-9630 08/13/14

In the Matter of Walter Ng IA-3899 08/20/14

In the Matter of Kelly Ng IA-3898 08/20/14

In the Matter of Founding Partners Capital Management Company IA-3900 08/21/14

In the Matter of Edgar R. Page, et al. IA-3904 08/26/14

In the Matter of Structured Portfolio Management, L.L.C., et al. IA-3906 08/28/14

In the Matter of Brian K. Velten IA-3909 09/02/14

In the Matter of The Robare Group, Ltd., et al. 34-72950 09/02/14

In the Matter of John Thomas Pappas IA-3912 09/05/14

In the Matter of Douglas E. Cowgill IA-3913 09/08/14

SEC v. Steven R. Markusen, et al. LR-23080 09/08/14

In the Matter of Sean Michael Mueller IA-3918 09/12/14

In the Matter of John Allan Russell IA-3923 09/17/14

In the Matter of Westend Capital Management, LLC IA-3919 09/17/14

In the Matter of Sean C. Cooper IA-3920 09/17/14

In the Matter of Strategic Capital Group, LLC, et al. IA-3924 09/18/14

In the Matter of Lincolnshire Management, Inc. IA-3927 09/22/14

In the Matter of Nicholas Rowe IA-3930 09/23/14

In the Matter of Barclays Capital Inc. 34-73183 09/23/14

In the Matter of Yale I. Asbell 34-73206 09/24/14

In the Matter of William L. Walters 34-73205 09/24/14

In the Matter of Highland Capital Management, LP IA-3939 09/25/14

In the Matter of David Scott Cacchione IA-3935 09/25/14

Issuer Reporting and Disclosure 

In the Matter of Jing Xie 34-70602 10/02/13

In the Matter of John Lazorchak, CPA 34-70658 10/10/13

Case Name Release No. Date Filed
14

In the Matter of Mark S. Cupo, CPA 34-70659 10/10/13

SEC v. Yuhe International, Inc., et al. LR-22848 10/18/13

In the Matter of Ronald Baldwin, Jr., CPA 34-70767 10/29/13

In the Matter of Sherb & Co., LLP, et al. 34-70823 11/06/13

SEC v. R. Gordon Jones, CPA LR-22875 11/21/13

SEC v. Charles H. Merchant, Sr., et al. LR-22878 11/22/13

In the Matter of Fifth Third Bancorp, et al. 33-9490 12/04/13

In the Matter of Craig Toll, CPA 34-71031 12/11/13

In the Matter of GLG Partners, Inc., et al. 34-71050 12/12/13

In the Matter of James Vincent Poti, CPA 34-71117 12/18/13

In the Matter of Thomas D. Melvin, CPA 34-71161 12/20/13

In the Matter of Multri-Precision, LLC 33-9500 12/20/13

In the Matter of Kevin Brennan, CPA 34-71185 12/24/13

In the Matter of Michael Mendes 33-9508 01/09/14

SEC v. Diamond Foods, Inc. LR-22902 01/09/14

SEC v. Steven Neil LR-22902 01/09/14

SEC v. Christopher Hohol, et al. LR-22906 01/14/14

In the Matter of Eugene M. Egeberg III, CPA 33-9513 01/17/14

In the Matter of KPMG LLP 34-71389 01/24/14

In the Matter of La Paz Mining Corp. 33-9523 02/03/14

In the Matter of Stone Boat Mining Corp. 33-9524 02/03/14

In the Matter of Goldstream Mining Inc. 33-9525 02/03/14

In the Matter of Chum Mining Group Inc. 33-9526 02/03/14

In the Matter of Eclipse Resources Inc. 33-9527 02/03/14

In the Matter of PRWC Energy Inc. 33-9528 02/03/14

In the Matter of Tuba City Gold Corp. 33-9529 02/03/14

In the Matter of Braxton Resources Inc. 33-9530 02/03/14

In the Matter of Clearpoint Resources Inc. 33-9531 02/03/14

In the Matter of Gold Camp Explorations Inc. 33-9532 02/03/14

In the Matter of Canyon Minerals Inc. 33-9533 02/03/14

In the Matter of Gaspard Mining Inc. 33-9534 02/03/14

In the Matter of Jewel Explorations Inc. 33-9535 02/03/14

In the Matter of Coronation Mining Corp. 33-9536 02/03/14

In the Matter of Bonanza Resources Corp. 33-9537 02/03/14

In the Matter of CBL Resources Inc. 33-9538 02/03/14

In the Matter of Kingman River Resources Inc. 33-9539 02/03/14

In the Matter of Lost Hills Mining Inc. 33-9540 02/03/14

In the Matter of Seaview Resources Inc. 33-9541 02/03/14

In the Matter of Yuma Resources Inc. 33-9542 02/03/14

In the Matter of Lawrence A. O’Donnell, CPA 34-71484 02/05/14

In the Matter of David M. Martin CPA 34-71523 02/11/14

In the Matter of Apple REIT Six, Inc., et al. 33-9548 02/12/14

In the Matter of Sam Kan, CPA, et al. 34-71585 02/20/14

In the Matter of Paul C. Desjourdy, CPA, Esq. 34-71639 02/28/14

In the Matter of Clayton T. Marshall 33-9557 03/11/14

In the Matter of John A. Stadler 33-9556 03/11/14

In the Matter of Lions Gate Entertainment Corp. 34-71717 03/13/14

In the Matter of The Phoenix Companies, Inc., et al. 34-71768 03/21/14

In the Matter of Creative Vision Alliance Corporation 33-9564 03/25/14

Case Name Release No. Date Filed
15

In the Matter of L&L Energy, Inc., et al. 33-9565 03/27/14

In the Matter of Shirley Kiang 34-71824 03/27/14

In the Matter of Laird Daniels, CPA 33-9573 04/08/14

SEC v. CVS Caremark Corp. LR-22968 04/08/14

In the Matter of Agfeed Industries, Inc. IA-71929 04/11/14

In the Matter of Mobile Vault, Inc. 33-9576 04/22/14

In the Matter of Comp Services Inc. 33-9577 04/23/14

In the Matter of Bryce Walker, CA, et al. 34-72199 05/20/14

In the Matter of James T. Adams, CPA 34-72198 05/20/14

SEC v. DGSE Companies Inc., et al. LR-23003 05/27/14

In the Matter of Diamond Lane, Inc. 33-9595 06/03/14

In the Matter of ShopEye, Inc. 33-9594 06/03/14

In the Matter of Sunchip Technology, Inc. 33-9593 06/03/14

In the Matter of Michael C. French, Esq. 33-9601 06/17/14

In the Matter of I. John Benson, CPA 34-72427 06/18/14

In the Matter of Jeffrey C. Kuehr, et al. 33-9606 06/25/14

In the Matter of Thomas A. Neely, Jr. 33-9605 06/25/14

In the Matter of Theodore R. Maloney, Esq. 34-72476 06/25/14

In the Matter of Chris Choi, CPA 34-72494 06/27/14

In the Matter of EFP Rotenberg, LLP, et al. 33-9608 07/01/14

In the Matter of Child, Van Wagoner & Bradshaw, PLLC, et al. 34-72557 07/08/14

In the Matter of Ernst & Young LLP 34-72602 07/14/14

In the Matter of Natural Blue Resources, Inc., et al. 33-9614 07/16/14

In the Matter of Toney Anaya 33-9613 07/16/14

In the Matter of Erik H. Perry 33-9615 07/16/14

In the Matter of Robert C. Trosten, CPA 34-72637 07/17/14

SEC v. Christopher Plummer, et al. LR-23047 07/18/14

In the Matter of John (“Jack”) J. Egan, Jr., CPA 34-72671 07/24/14

In the Matter of Debra L. Hobbs, CPA 34-72672 07/24/14

SEC v. MSGI Technology Solutions, Inc., et al. LR-23052 07/29/14

In the Matter of Marc Sherman 34-72723 07/30/14

In the Matter of Edward L. Cummings, CPA 34-72722 07/30/14

In the Matter of Houston American Energy Corp., et al. 33-9621 08/04/14

In the Matter of Bank of America Corporation 34-72888 08/21/14

In the Matter of AirTouch Communications, Inc., et al. 33-9634 08/22/14

In the Matter of Lynn R. Blodgett, et al. 34-72938A 08/28/14

In the Matter of Advanced Cell Technology, Inc. 33-9644 09/10/14

In the Matter of Wilmington Trust Corporation 33-9646 09/11/14

In the Matter of Saba Software, Inc., et al. 33-9654 09/24/14

In the Matter of Babak (“Bobby”) Yazdani 34-73201 09/24/14

In the Matter of JDA Software Group, Inc. 34-73209 09/25/14

In the Matter of Tradebot Systems, Inc. 34-73222 09/25/14

In the Matter of Mayer Hoffman McCann P.C. 34-73224 09/25/14

In the Matter of Bank of America Corporation 34-73243 09/29/14

SEC v. China Valves Technology, Inc., et al. LR-23096 09/29/14

 

Case Name Release No. Date Filed
16

Market Manipulation

In the Matter of Jonathan C. Gilchrist 34-70867 11/13/13

In the Matter of Southern USA Resources, Inc. 34-70921 11/22/13

SEC v. Randy A. Hamdan, et al. LR-22892 12/10/13

In the Matter of John Durrett 34-71239 01/06/14

In the Matter of Axius Holdings, LLC, et al. 34-71240 01/06/14

In the Matter of Gonul Colak, et al. 33-9522 01/31/14

SEC v. Revelation Capital Management Ltd., et al. LR-22915 01/31/14

In the Matter of Worldwide Capital, Inc., et al. 34-71653 03/05/14

SEC v. Alexander H.G. Mascioli, et al. LR-22941 03/13/14

SEC v. John Babikian LR-22944 03/13/14

In the Matter of Richard P. Greene, Esq. 34-71729 03/14/14

In the Matter of Genesis Advisory Services Corp., et al. 34-72212 05/21/14

In the Matter of Ironbird Capital LLC 34-72211 05/21/14

In the Matter of Angel Acquisition Corp. n/k/a BioGeron, Inc. 34-72219 05/22/14

SEC v. Richard A. Altomare LR-23000 05/22/14

SEC v. Billy V. Ray Jr., et al. LR-23000 05/22/14

SEC v. Eric S. Brown LR-23000 05/22/14

SEC v. Kevin McKnight, et al. LR-23000 05/22/14

SEC v. Jeffrey M. Berkowitz LR-23000 05/22/14

SEC v. Luis Chang, et al. LR-23020 06/09/14

In the Matter of William W. Vowell 34-72521 07/02/14

In the Matter of Steven J. Niemis 34-72520 07/02/14

In the Matter of Tina M. Lizzio 34-72519 07/02/14

In the Matter of Carmela Brocco 34-72518 07/02/14

In the Matter of Derek W. Bakarich 34-72517 07/02/14

SEC v. Michael Affa, et al. LR-23041 07/11/14

SEC v. Abraxas J. Discala, et al. LR-23046 07/17/14

SEC v. Mikhail Galas, et al. None 08/05/14

SEC v. Andrew I. Farmer, et al. LR-23072 08/14/14

SEC v. Robert Bandfield, et al. None 09/09/14

In the Matter of RA Capital Management, LLC 34-73105 09/16/14

In the Matter of SuttonBrook Capital Management LP 34-73110 09/16/14

In the Matter of Rockwood Investment Management, Inc. 34-73106 09/16/14

In the Matter of Formula Growth, Ltd. 34-73119 09/16/14

In the Matter of Nob Hill Capital Management, Inc. 34-73108 09/16/14

In the Matter of Seawolf Capital, LLC 34-73107 09/16/14

In the Matter of Midwood Capital Management LLC 34-73104 09/16/14

In the Matter of Troubh Partners LP 34-73111 09/16/14

In the Matter of Antipodean Advisors LLC 34-73115 09/16/14

In the Matter of James C. Parsons 34-73123 09/16/14

In the Matter of East Side Holdings II, Inc. 34-73117 09/16/14

In the Matter of Vinci Partners Investimentos Ltda. 34-73112 09/16/14

In the Matter of Advent Capital Management, LLC 34-73114 09/16/14

In the Matter of Great Point Partners, LLC 34-73120 09/16/14

In the Matter of Explorador Capital Management, LLC 34-73118 09/16/14

In the Matter of Ironman Capital Management, LLC 34-73122 09/16/14

In the Matter of Solus Alternative Asset Management LP 34-73109 09/16/14

In the Matter of BlackRock Institutional Trust Company, N.A. 34-73116 09/16/14

Case Name Release No. Date Filed
17

In the Matter of Whitebox Advisors LLC 34-73113 09/16/14

In the Matter of Indaba Capital Management, L.P. 34-73121 09/16/14

SEC v. Jason Cope, et al. LR-23087 09/18/14

In the Matter of Richard Kranitz 34-73169 09/22/14

In the Matter of Kelly Black-White 34-73163 09/22/14

In the Matter of Seijin Ki 34-73161 09/22/14

In the Matter of Albert Reda 34-73172 09/22/14

In the Matter of Donald Gilbreath 34-73168 09/22/14

In the Matter of Karen Person 34-73165 09/22/14

In the Matter of Muhammad (“M.J.”) Shaheed 34-73164 09/22/14

In the Matter of James Prange 34-73160 09/22/14

In the Matter of Stephen Stuart 34-73171 09/22/14

In the Matter of Steven Berman 34-73167 09/22/14

In the Matter of John Jordan 34-73162 09/22/14

SEC v. Patrick G. Rooney, et al. LR-23103 09/30/14

 

Miscellaneous 

In the Matter of New York Stock Exchange LLC, et al. 34-72065 05/01/14

In the Matter of Tel-Instrument Electronics Corp. 34-73052 09/10/14

In the Matter of Gary H. Rabin 33-9645 09/10/14

In the Matter of Salim Ghauri 34-73070 09/10/14

In the Matter of Ridgeback Capital Management, LP 34-73032 09/10/14

In the Matter of Universal Electronics Inc. 34-73033 09/10/14

In the Matter of Trinad Management, LLC 34-73034 09/10/14

In the Matter of Gregory M. Shepard 34-73035 09/10/14

In the Matter of Sankaty Advisors, LLC 34-73036 09/10/14

In the Matter of RIMA Senvest Management, LLC 34-73037 09/10/14

In the Matter of P.A.W. Capital Partners, L.P. 34-73038 09/10/14

In the Matter of Lazarus Management Company LLC 34-73039 09/10/14

In the Matter of Edgar W. Levin 34-73040 09/10/14

In the Matter of Starwood Hotel & Resorts Worldwide, Inc. 34-73041 09/10/14

In the Matter of Alan M. Schnaid 34-73042 09/10/14

In the Matter of Donald A. Nunemaker 34-73043 09/10/14

In the Matter of Peter R. Kellogg 34-73044 09/10/14

In the Matter of The Royal Bank of Scotland Group plc 34-73045 09/10/14

In the Matter of Neil Gagnon 34-73046 09/10/14

In the Matter of Brown Brothers Harriman & Co. 34-73047 09/10/14

In the Matter of Del Mar Asset Management, LP 34-73048 09/10/14

In the Matter of Paul C. Cronson 34-73049 09/10/14

In the Matter of Jones Lang LaSalle Incorporated 34-73050 09/10/14

In the Matter of KMG Chemicals, Inc. 34-73051 09/10/14

In the Matter of Willis Lease Finance Corporation 34-73053 09/10/14

In the Matter of Stephen Adams 34-73054 09/10/14

In the Matter of Thomas J. Edelman 34-73055 09/10/14

In the Matter of Stephen Gans 34-73056 09/10/14

In the Matter of Charles F. Willis IV 34-73057 09/10/14

In the Matter of Paul D. Arling 34-73058 09/10/14

In the Matter of Bradley S. Forsyth 34-73059 09/10/14

In the Matter of Sidney C. Hooper 34-73060 09/10/14

Case Name Release No. Date Filed
18

In the Matter of Thomas C. Nord 34-73061 09/10/14

In the Matter of Justin Tang 34-73062 09/10/14

In the Matter of Security Capital Research & Management Incorporated 34-73063 09/10/14

In the Matter of Raul S. McQuivey 34-73064 09/10/14

In the Matter of Ligang Wang 34-73065 09/10/14

Municipal Securities and Public Pensions 

In the Matter of The Greater Wenatchee Regional Events Center 

Public Facilities District, et al. 33-9471 11/05/13

In the Matter of Piper Jaffray & Co., et al. 33-9472 11/05/13

SEC v. United Neighborhood Organization of Chicago, et al. None 06/02/14

SEC v. City of Harvey, Illinois, et al. None 06/24/14

In the Matter of Kings Canyon Joint Unified School District 33-9610 07/08/14

In the Matter of The State of Kansas 33-9629 08/11/14

 

Securities Offering

In the Matter of Martin E. Weisberg 34-70641 10/09/13

SEC v. CKB Holdings Ltd., et al. LR-22846 10/09/13

In the Matter of Mark Gasarch 34-70656 10/10/13

SEC v. Michael R. Enea LR-22842 10/10/13

SEC v. Yin Nan “Michael” Wang, et al. None 10/11/13

In the Matter of Harding Advisory LLC, et al. 33-9467 10/18/13

SEC v. Christopher A.T. Pedras, et al. LR-22862 10/28/13

SEC v. Scott Ashton Riggs, et al. None 11/01/13

In the Matter of Julieann Palmer Martin 33-9477 11/13/13

SEC v. Gary C. Snisky LR-22876 11/21/13

In the Matter of Joseph P. Doxey, et al. 33-9482 11/22/13

In the Matter of Byrnee K. Baylor, Esq. 34-70931 11/22/13

In the Matter of Curt Kramer, et al. 33-9485 11/25/13

SEC v. Robert A. Helms, et al. LR-22886 12/03/13

In the Matter of Joseph G. Parish III, et al. IA-3735 12/12/13

In the Matter of Merrill Lynch, Pierce, Fenner & Smith Incorporated 33-9493 12/12/13

SEC v. Daniel Dirk Coddington, et al. LR-22889 12/12/13

SEC v. Arcturus Corporation, et al. LR-22891 12/13/13

SEC v. Malom Group AG, et al. LR-22890 12/16/13

SEC v. Dawn Wright-Olivares, et al. LR-22898 12/20/13

In the Matter of David H. Frederickson, Esq. 34-71292 01/14/14

In the Matter of Fredric Aaron, Esq. 34-71430 01/28/14

SEC v. Michael P. Zenger LR-22916 01/31/14

SEC v. Samuel Braslau, et al. LR-22929 02/20/14

SEC v. Fleet Mutual Wealth Limited, et al. None 02/25/14

SEC v. Steven H. Davis, et al. None 03/06/14

In the Matter of David Loglisci 34-71677 03/10/14

In the Matter of Michael A. Horowitz, et al. 33-9559 03/13/14

In the Matter of Harold Ten, et al. 34-71712 03/13/14

SEC v. World Capital Market, Inc., et al. LR-22953 03/27/14

SEC v. Jason A. Halek, et al. LR-22954 03/28/14

SEC v. Matthew D. Sample LR-22967 04/04/14

Case Name Release No. Date Filed
19

SEC v. JCS Enterprises, Inc., et al. LR-22969 04/07/14

SEC v. Timothy J. Coughlin, et al. LR-22972 04/11/14

SEC v. TelexFree, Inc., et al. LR-22974 04/15/14

SEC v. Robert J. Vitale, et al. LR-22977 04/23/14

SEC v. James L. Erwin, et al. LR-22978 04/23/14

SEC v. American Pension Services, Inc., et al. LR-22982 04/24/14

SEC v. Guardian Oil & Gas, Inc., et al. LR-22979 04/25/14

In the Matter of Stanley Jonathan Fortenberry 33-9579 04/28/14

SEC v. Allen Ross Smith LR-22984 05/02/14

SEC v. S. Paul Kelley, et al. LR-22986 05/05/14

SEC v. Charles Couch, et al. LR-22990 05/12/14

In the Matter of Tennessee Commerce Bancorp, Inc. 34-72175 05/16/14

SEC v. Gaeton S. Della Penna, et al. LR-22997 05/21/14

In the Matter of Marcus A. Luna, Esq. 34-72249 05/23/14

SEC v. Thomas Abdallah, et al. LR-23097 05/29/14

SEC v. Steven McCraw LR-23010 05/30/14

In the Matter of Erik T. Voorhees 33-9592 06/03/14

In the Matter of Brian R. Reiss, Esq. 34-72335 06/05/14

SEC v. Lawrence P. Schmidt, et al. LR-23021 06/12/14

SEC v. Matthew P. Ionno None 06/20/14

In the Matter of Anthony M. Livoti, Jr. 34-72481 06/26/14

SEC v. Tyson D. Williams, et al. LR-23042 07/10/14

SEC v. International Stock Transfer, Inc., et al. LR-23050 07/23/14

In the Matter of Morgan Stanley and Co., LLC, et al. 33-9617 07/24/14

SEC v. DDBO Consulting, Inc., et al. LR-23083 07/24/14

SEC v. CalPacific Equity Group, LLC, et al. LR-23083 07/24/14

SEC v. Thomas J. Lawler, et al. LR-23054 07/31/14

SEC v. M. “Shi” Shailendra LR-23055 07/31/14

In the Matter of Robert B. Cook, Esq. 34-72767 08/05/14

SEC v. Julian R. Brown, et al. LR-23063 08/08/14

SEC v. Heidi Ann Gamer, et al. LR-23071 08/15/14

SEC v. Oscar F. Villarreal LR-23073 08/26/14

In the Matter of Douglas L. Bates 34-72951 09/02/14

In the Matter of Christina M. Kitterman 34-72952 09/02/14

SEC v. Justin Moongyu Lee, et al. LR-23077 09/03/14

SEC v. Abatement Corp. Holding Company Limited, et al. LR-23085 09/10/14

In the Matter of Michael J. Scaglione 34-73086 09/12/14

SEC v. Nationwide Automated Systems, Inc., et al. LR-23106 09/17/14

SEC v. Zhunrize, Inc., et al. LR-23091 09/22/14

SEC v. James L. Schmidt None 09/23/14

SEC v. Jonathan P. Flom None 09/23/14

SEC v. eAdGear, Inc., et al. LR-23120 09/24/14

In the Matter of David C. Sorrells 34-73225 09/25/14

In the Matter of Kenneth C. Meissner, et al. 34-73226 09/25/14

In the Matter of Esir1, Inc. 33-9656 09/25/14

SEC v. Wealth Strategy Partners, LC, et al. LR-23098 09/25/14

SEC v. Erick Laszlo Mathe, et al. LR-23094 09/26/14

In the Matter of Todd A. Duckson, Esq., CPA 34-73247 09/29/14

SEC v. Michael B. Ferguson, et al. LR-23095 09/29/14

Case Name Release No. Date Filed
20

Transfer Agent

In the Matter of Empire Stock Transfer, Inc., et al. 34-71904 04/08/14

In the Matter of Matthew J. Blevins 34-71905 04/08/14

SEC v. Robert G. Pearson, et al. LR-23007 05/22/14

In the Matter of Robert G. Pearson 34-72702 07/29/14

In the Matter of Select Fidelity Transfer Services, Ltd. 34-72707 07/29/14

In the Matter of Registrar and Transfer Company, et al. 33-9653 09/23/14

SEC v. Michael Pagnano, et al. None 09/23/14

Case Name Release No. Date Filed
21

TABLE 4

INVESTIGATIONS OF POSSIBLE VIOLATIONS OF 

THE ACTS ADMINISTERED BY THE COMMISSION

Opened in Fiscal Year 2014. . 

Closed in Fiscal Year 2014. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 822

Ongoing1 as of September 30, 2014. . .

Formal Orders of Investigation Issued in Fiscal Year 2014. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 576

■ ■ ■

Right to Financial Privacy

Section 21(h) of the Securities Exchange Act of 1934 [15 U.S.C. 78u(h)(6)] requires that the Commission “compile an annual tabulation of the occasions on which the Commission used each 

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

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

customer and include it in its annual report to the Congress.” Set forth below are the number of 

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

the RFPA:

Section 1104 (Customer Authorizations). .

Section 1105 (Administrative Subpoenas). .

Section 1107 (Judicial Subpoenas). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18

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. 
22

2009 2010 2011 2012 2013

Revenues 

Securities Commissions $ 48,982.6 $ 47,010.2 $ 47,707.0 $ 40,565.8 $ 40,110.9 

Gains (Losses) in Trading and 

 Investment Accounts 45,312.3 31,200.7 10,243.0 26,879.6 21,249.9 

Profits (Losses) from Underwriting

 and Selling Groups 22,578.7 24,427.5 22,933.6 27,911.3 31,990.8 

Margin Interest 4,528.7 4,971.9 6,202.3 7,196.0 7,090.8 

Revenues from Sale of Investment 

 Company Shares 17,152.8 18,800.2 19,391.8 20,147.1 21,613.3 

All Other Revenues 148,441.2 135,540.6 139,280.0 141,714.5 150,405.0 

Total Revenues $286,996.2 $261,951.0 $245,757.7 $264,414.3 $272,460.7 

 

Expenses 

Registered Representatives’ 

 Compensation (Part II Only) 2/ $ 34,899.1 $ 38,235.9 $ 41,094.3 $ 42,657.8 $ 48,455.6 

Other Employee Compensation 

 and Benefits 57,010.8 60,306.3 57,576.2 58,144.1 57,577.5 

Compensation to Partners and 

 Voting Stockholder Officers 3,506.2 3,533.9 3,765.0 3,884.9 3,929.6 

Commissions and Clearance Paid 

 to Other Brokers 23,302.6 23,974.5 25,383.9 24,179.1 25,124.4 

Interest Expenses 21,881.2 22,446.3 20,344.5 20,623.4 16,587.6 

Regulatory Fees and Expenses 2,161.9 2,326.9 2,457.2 2,137.4 2,456.6 

All Other Expenses 2/ 68,847.7 73,145.6 78,296.3 78,224.1 89,699.3 

Total Expenses $211,609.6 $223,969.4 $228,917.4 $229,850.8 $243,830.7 

 

Income and Profitability

Assets, Liabilities and Capital 

Total Assets $4,339,534.9 $4,756,900.0 $4,661,501.0 $4,892,076.0 $4,590,749.0

Liabilities 

(a) Unsubordinated Liabilities 4,001,721.7 4,400,627.8 4,321,456.7 4,540,797.7 4,234,171.3 

(b) Subordinated Liabilities 123,610.2 125,127.1 122,204.2 116,873.7 113,897.2 

(c) Total Liabilities $4,125,331.9 $4,525,754.9 $4,443,660.9 $4,657,671.4 $4,348,068.5 

Ownership Equity $214,203.1 $231,145.1 $217,840.1 $234,404.6 $242,680.4 

 

Number of Firms 5,132 4,907 4,708 4,761 4,555 

TABLE 5

UNCONSOLIDATED FINANCIAL INFORMATION 

FOR BROKER-DEALERS

2009 - 2013 1/

($ in Millions)

Figures may not add due to rounding. 

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

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

reported separately on Part IIA of the FOCUS Report 

3/ The denominator in the ROE calculation is the average total equity of sample firms at the start and end of the period. Entry and exit of firms 

do not have a material impact on the calculated ROE 

Source: FOCUS Report

Pre-tax Income $75,386.6 $37,981.6 $16,840.3 $34,563.5 $28,629.9

Pre-tax Profit Margin 26.3% 14.5% 6.9% 13.1% 10.5%

Pre-tax Return on Equity 3/ 38.2% 17.1% 7.5% 14.7% 12.0% 
23

2009 2010 2011 2012 2013

 

Revenues 

Securities Commissions $ 48,700.6 $ 46,762.8 $ 47,420.9 $ 40,394.1 $ 39,508.0 

Gains (Losses) in Trading and 

Investment Accounts 39,323.1 25,038.7 6,046.3 21,154.3 16,187.8 

Profits (Losses) from Underwriting

and Selling Groups 22,578.7 24,427.5 22,933.6 27,911.3 31,583.1 

Margin Interest 4,528.8 4,972.3 6,202.2 7,195.9 6,979.0 

Revenues from Sale of Investment 

Company Shares 17,152.3 18,800.1 19,391.8 20,147.1 21,613.3 

All Other Revenues 145,960.6 133,173.0 134,818.0 139,745.3 146,838.3 

Total Revenues $278,244.0 $253,174.5 $236,812.8 $256,548.0 $262,709.5 

 

Expenses 

Registered Representatives’ 

Compensation (Part II Only) 2/ $ 34,897.9 $ 38,235.9 $ 41,094.3 $ 42,657.6 $ 48,412.3 

Other Employee Compensation 

and Benefits 55,946.5 59,260.3 56,548.7 57,146.8 55,777.9 

Compensation to Partners and 

Voting Stockholder Officers 3,375.7 3,415.0 3,645.0 3,798.9 3,846.6 

Commissions and Clearance Paid 

to Other Brokers 22,204.5 22,835.7 24,438.1 23,372.5 24,300.2 

Interest Expenses 21,424.3 21,983.6 19,823.6 20,029.3 15,958.2 

Regulatory Fees and Expenses 1,779.1 1,854.4 1,939.8 1,846.0 2,135.2 

All Other Expenses 2/ 67,172.3 71,183.7 75,880.8 75,744.7 86,514.9 

Total Expenses $206,800.2 $218,768.6 $223,370.3 $224,595.8 $236,945.3 

 

Income and Profitability 

 

Number of Firms 4,767 4,615 4,481 4,564 4,344 

TABLE 6

UNCONSOLIDATED ANNUAL REVENUES AND EXPENSES 

FOR BROKER-DEALERS DOING A PUBLIC BUSINESS

2009 - 2013 1/

($ in Millions)

Figures may not add due to rounding. 

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

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

 reported separately on Part IIA of the FOCUS Report. 

3/ The denominator in the ROE calculation is the average total equity of sample firms at the start and end of the period. Entry and exit of

 firms do not have a material impact on the calculated ROE. 

Source: FOCUS Report

Pre-tax Income $71,443.8 $34,405.9 $13,442.5 $31,952.2 $25,764.3

Pre-tax Profit Margin 25.7% 13.6% 5.7% 12.5% 9.8%

Pre-tax Return on Equity 3/ 38.6% 16.4% 6.3% 14.3% 11.3% 

 
24

TABLE 7

UNCONSOLIDATED BALANCE SHEET FOR BROKERDEALERS DOING A PUBLIC BUSINESS YEAR-END

2009 - 2013 1/

($ in Millions)

2009 2010 2011 2012 2013

Assets 

Cash $ 92,975.4 $ 99,127.8 $ 117,176.8 $ 133,315.9 $ 116,200.0

Receivables from Other 

 Broker-Dealers 1,452,397.2 1,363,532.2 1,267,609.3 1,248,634.3 1,326,605.7 

Receivables from Customers 175,971.4 213,526.7 192,502.9 215,394.9 241,662.3 

Receivables from Non-customers 22,961.2 65,582.0 47,027.9 89,242.5 98,637.6 

Long Positions in Securities

and Commodities 1,049,355.5 1,155,017.8 1,074,566.4 1,162,455.0 1,041,076.9 

Securities and Investments

not Readily Marketable 25,473.2 34,342.0 19,688.3 22,039.8 26,240.3

Securities Purchased Under 

Agreements to Resell

(Part II only) 2/ 1,143,322.8 1,429,132.3 1,577,408.0 1,631,034.7 1,316,329.3

Exchange Membership 353.4 305.6 246.0 238.2 210.6

Other Assets 2/ 251,398.9 260,745.4 254,065.3 265,373.2 294,719.7

Total Assets $4,214,209.0 $4,621,311.8 $4,550,290.9 $4,767,728.5 $4,461,682.4

 

Liabilities and Equity Capital 

Bank Loans Payable $ 73,472.5 $ 74,978.7 $ 45,046.6 $ 57,936.3 $ 67,882.6

Payables to Other Broker-dealers 609,723.0 633,730.4 621,109.0 678,523.4 660,795.9

Payables to Non-customers 87,468.5 64,142.0 71,027.5 45,106.6 41,208.9

Payables to Customers 579,548.3 630,170.7 681,310.5 731,662.1 791,642.2

Short Positions in Securities 

and Commodities 352,404.7 447,060.4 381,572.2 368,904.7 369,823.3

Securities Sold Under 

Repurchase Agreements 

(Part II only) 2/ 1,768,340.7 2,007,645.7 2,065,576.3 2,185,299.8 1,761,037.4

Other Non-subordinated 

Liabilities 2/ 418,251.3 421,017.1 356,883.3 360,509.2 423,470.9

Subordinated Liabilities 123,159.0 124,831.4 121,861.2 116,783.3 113,787.8

Total Liabilities $4,012,368.0 $4,403,576.4 $4,344,386.5 $4,544,725.4 $4,229,649.0

 

 

Equity Capital $201,841.0 $217,735.3 $205,904.4 $223,003.1 $232,033.4

 

Number of Firms 3/ 4,767 4,615 4,481 4,286 4,173 

 

 Figures may not add due to rounding. 

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

2/ Resale agreements and repurchase agreements for firms that neither carry nor clear are included in “other assets” and “other”

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

3/ Due to entry and exit of firms during the course of the year, the number of firms reported in Tables 8 and 9 differ.

Source: FOCUS Report
25

Figures may not add due to rounding. 

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

Note: Includes information form firms doing a public business that carry customer accounts or clear securities transactions.

2/ The denominator in the ROE calculation is the average total equity of sample firms at the start and end of the period. Entry and exit of

 firms do not have a material impact on the calculated ROE.

Source: FOCUS Report

2012 2013

Percent Percent Percent 

Revenues

Dollars

of Total 

Revenues Dollars

of Total 

Revenues

Change

2012-2013

Securities Commissions

Gains (Losses) in Trading and

 Investment Accounts

Profits (Losses) from Underwriting

 and Selling Groups

Margin Interest

Revenues from Sale of Investment

$ 29,956.9 

18,439.4 

24,589.3 

7,195.9 

14.8

9.1

12.1

3.5

$ 29,902.1

12,650.4

27,460.3

6,979.0

14.6

6.2 

13.4 

3.4 

-0.2

-31.4 

11.7 

-3.0

 Company Shares

Miscellaneous Fees

Revenues from Research

10,602.1 

34,369.7 

119.3 

5.2

17.0

0.1

11,614.5

39,592.7

333.8

5.7 

19.3 

0.2 

9.5 

15.2 

179.8 

Commodities Revenues

All Other Revenues

Total Assets

Expenses

2,298.7 

75,142.9 

$202,714.3 

1.1

37.1

100.0

2,689.6

73,709.9

$204,932.4

1.3 

36.0 

100.0

17.0 

-1.9 

1.1

Registered Representatives’

 Compensation

Other Employee Compensation

 and Benefits

$ 42,657.6 

42,798.4 

21.0

21.1

$48,412.3

41,367.5

23.6

20.2 

13.5

-3.3 

Compensation to Partners and

 Voting Stockholder Officers

Commissions and Clearance Paid

1,760.3 0.9 1,541.4 0.8 -12.4 

 to Other Brokers

Communications

Occupancy and Equipment Costs

Data Processing Costs

Interest Expenses

Regulatory Fees and Expenses

Losses in Error Accounts and

10,481.3 

6,044.8 

6,501.9 

2,982.2 

19,824.2 

1,538.5 

5.2

3.0

3.2

1.5

9.8

0.8

10,722.8

6,483.0

6,672.9

3,051.2

15,773.5

1,815.0

5.2 

3.2 

3.3 

1.5 

7.7 

0.9 

2.3

7.2 

2.6 

2.3 

-20.4 

18.0 

Bad Debts 209.7 0.1 276.7 0.1 32.0 

All Other Revenues

Total Assets

Income and Profitability

39,613.3 

$174,412.0 

19.5

86.0

47,981.2

$184,097.5

23.4 

89.8

21.1 

5.6

Pre-tax Income

Pre-tax Profit Margin

Pre-tax Return on Equity

$28,302.3 

14.0

14.2 

14.0 $20,834.9

10.2

10.2

10.2 -26.4

Number of Firms 2/ 510 485

TABLE 8

UNCONSOLIDATED REVENUES AND EXPENSES 

FOR CARRYING/CLEARING BROKER-DEALERS 

($ in Millions)

1/
26

 

TABLE 9

UNCONSOLIDATED BALANCE SHEET FOR 

CARRYING/CLEARING BROKER-DEALERS 

($ in Millions)

1/

2012 2013

Percent Percent Percent 

Assets

Dollars

of Total 

Assets Dollars

of Total 

Assets

Change

2012-2013

Cash

Receivables from Other Broker-Dealers

 (a) Securities Failed to Deliver

 (b) Securities Borrowed

 (c) Other

Receivables from Customers

Receivables from Non-customers

Long Positions in Securities and Commodities

 (a) Bankers Acceptances, Certificates of 

 Deposit and Commercial Paper

 (b) U.S. and Canadian Government Obligations

 (c) State and Municipal Government Obligations

 (d) Corporate Obligations

 (e) Stocks and Warrants

 (f) Options

 (g) Arbitrage

 (h) Other Securities

 (i) Spot Commodities

Securities and Investments Not Readily Marketable

Securities Purchased Under Agreements to Resell

Exchange Membership

Other Assets

Total Assets

Liabilities and Equity Capital

$ 127,580.1

1,245,639.9

19,091.7

1,100,192.3

126,355.8

215,394.9

88,202.7

1,131,134.0

29,933.8

770,715.5

26,607.7

111,421.9

123,341.1

16,384.2

6,070.1

44,223.3

2,436.4

21,634.8

1,631,034.7

232.9

255,549.5

$4,716,403.5

 2.7

26.4

0.4

23.3

2.7

4.6

1.9

24.0

0.6

16.3

0.6

2.4

2.6

0.3

0.1

0.9

0.1

0.5

34.6

0.0

5.4

100.0

$ 109,984.4

1,323,125.2

17,483.0

1,157,424.1

148,218.0

241,662.3

97,208.0

1,013,327.0

28,629.3

615,099.9

18,617.3

111,037.4

168,111.4

22,736.3

9,507.1

39,231.2

357.0

25,893.8

1,316,329.3

205.4

284,641.2

$4,412,376.6

2.5

30.0 

0.4 

26.2 

3.4 

5.5 

2.2 

23.0 

0.6 

13.9 

0.4 

2.5 

3.8 

0.5 

0.2 

0.9 

0.0 

0.6 

29.8 

0.0 

6.5 

100.0

-13.8

6.2 

-8.4 

5.2 

17.3 

12.2 

10.2 

-10.4 

-4.4 

-20.2 

-30.0 

-0.3 

36.3 

38.8 

56.6 

-11.3 

-85.3 

19.7 

-19.3 

-11.8 

11.4 

-6.4

Bank Loans Payable

Payables to Other Broker-dealers

 (a) Securities Failed to Receive

 (b) Securities Loaned

 (c) Other

Payables to Non-customers

Payables to Customers

Short Positions in Securities and Commodities

Securities Sold Under Repurchase Agreements

Other Non-subordinated Liabilities

Subordinated Liabilities

$ 52,042.1

670,479.4

19,250.5

570,821.5

80,407.3

44,362.3

731,662.1

362,171.9

2,185,299.8

355,299.3

115,338.4

1.1

14.2

0.4

12.1

1.7

0.9

15.5

7.7

46.3

7.5

2.4

$ 63,182.2

657,407.2

19,314.0

540,478.2

97,615.0

40,431.4

791,642.2

361,489.7

1,761,037.4

417,677.1

112,386.1

1.4

14.9 

0.4

12.2 

2.2 

0.9 

17.9 

8.2 

39.9 

9.5 

2.5

21.4

-1.9

0.3

-5.3

21.4

-8.9

8.2

-0.2 

-19.4 

17.6 

-2.6

Total Liabilities $4,516,655.3 95.8 $4,205,253.1 95.3 -6.9

Equity Capital $199,748.2 4.2 $207,123.6 4.7 3.7

Number of Firms 2/ 481 456

Figures may not add due to rounding. 

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

Note: Includes information for firms doing a public business that carry customer accounts or clear securities transactions. 

2/ Due to entry and exit of firms during the course of the year, the number of firms reported in Tables 8 and 9 differ.

Source: FOCUS Report
27

TABLE 10

TRANSACTION ACTIVITY IN EQUITIES, 

OPTIONS, AND SECURITY FUTURES

 Market Value of Sales (millions) 

Option Exercises Security

Equity Option and Futures Futures

Year Total Trading Trading Deliveries Trading1

 

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

2012 $59,370,606 $55,619,547 $937,604 $2,813,454 6,394,016

2013 $62,899,444 $59,514,598 $751,661 $2,633,185 9,545,882

 

 Calendar Year 2013

BATS Exchange, Inc. $5,397,464 $5,257,260 $30,484 $109,720

BATS Y-Exchange, Inc. $1,149,928 $1,149,928

BOX Options Exchange LLC $70,071 $15,572 $54,500

C2 Options Exchange, Inc. $43,531 $9,558 $33,974

Chicago Board Options Exchange, Inc. $737,557 $214,820 $118,280 $404,457

The Chicago Stock Exchange, Inc. $363,929 $363,929

EDGA Exchange, Inc. $1,593,983 $1,593,983

EDGX Exchange, Inc. $4,434,147 $4,434,147

FINRA, Inc. $19,605,917 $19,605,917

International Securities Exchange, LLC $504,409 $111,062 $393,347

Miami International 

Securities Exchange, LLC $25,625 $6,818 $18,808

NASDAQ OMX BX $1,532,851 $1,507,728 $5,550 $19,572

NASDAQ OMX PHLX $1,437,427 $412,371 $226,084 $798,972

The Nasdaq Stock Market LLC $10,721,024 $10,419,673 $68,656 $232,694

National Stock Exchange, Inc. $197,677 $197,677

New York Stock Exchange, Inc. $6,729,329 $6,729,329

NYSE Amex LLC $441,087 $62,535 $85,000 $293,553

NYSE Arca, Inc. $7,870,453 $7,565,301 $66,785 $238,367

OneChicago, LLC $13,869 $13,869 9,545,882

Topaz Exchange LLC $29,165 $7,813 $21,352

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 

 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.