SEC NEWS DIGEST Issue 2006-186 September 26, 2006 COMMISSION ANNOUNCEMENTS SEC SUSPENDS TRADING IN THE SECURITIES OF CHINA ENERGY SAVINGS TECHNOLOGY, INC. The Commission announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the Exchange Act), of trading in the securities of China Energy Savings Technology, Inc. (China Energy), a Nevada corporation headquartered in Hong Kong, at 9:30 a.m. EDT on Sept. 26, 2006, and terminating at 11:59 p.m. EDT on Oct. 10, 2006. The Commission temporarily suspended trading because questions have arisen regarding the accuracy and completeness of the information contained in China Energy's press releases and public filings with the Commission concerning, among other things: (i) the company's purported ownership and control of its sole asset, Shenzhen Dicken Industrial Development, a manufacturer of energy saving devices located and doing business in the People's Republic of China; and (ii) the existence and/or identity of the company's purported former Chairman and Chief Executive Officer, Mr. Sun Li. The Commission cautions brokers, dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by the company. Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of the trading suspension, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule. If any broker or dealer has any questions as to whether or not he has complied with the rule, he should not enter any quotation but immediately contact the staff in the Division of Market Regulation, Office of Interpretation and Guidance, at (202) 551-5760. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, he should refrain from entering quotations relating to China Energy's securities until such time as he has familiarized himself with the rule and is certain that all of its provisions have been met. If any broker or dealer enters any quotation which is in violation of the rule, the Commission will consider the need for prompt enforcement action. (Rel. 34-54503) If any broker, dealer, or other person has any information which may relate to this matter, they should immediately contact Kara N. Brockmeyer, Assistant Director, at (202) 551-4767. (Rel. 34-54503) FEE RATE ADVISORY #2 FOR FISCAL YEAR 2007 When fiscal year 2007 starts on Oct. 1, 2006, the Securities and Exchange Commission may be operating under a continuing resolution. In that event, fees paid under Section 6(b) of the Securities Act of 1933 and Sections 13(e), 14(g) and 31 of the Securities Exchange Act of 1934 will remain at their current rates. Five days after the date of enactment of the Commission's regular fiscal year 2007 appropriation, the Section 6(b) fee rate applicable to the registration of securities, the Section 13(e) fee rate applicable to the repurchase of securities, and the Section 14(g) fee rate applicable to proxy solicitations and statements in corporate control transactions will decrease to $30.70 per million from the current rate of $107.00 per million, as previously announced. In addition, thirty days after the date of enactment of the Commission's regular appropriation, the Section 31 fee rate applicable to securities transactions on the exchanges and in the over-the- counter markets will decrease to $15.30 per million from the current rate of $30.70 per million. Pursuant to their rules, self-regulatory organizations collect from their members funds to offset the self-regulatory organizations' Section 31 obligations. Additional information on the transition to the new Section 31 fee rate will be available on the Internet websites of the New York Stock Exchange and NASD Regulation at http://www.nyse.com and http://www.nasdr.com, respectively. The Division of Market Regulation's Office of Interpretation and Guidance is also available to answer questions relating to Section 31. That office may be reached by phone at 202-551-5777 or by email at marketreg@sec.gov. A copy of the Commission's April 28, 2006 order regarding fee rates for fiscal year 2007 is available at http://www.sec.gov/rules/other/2006/33-8681.pdf. The Commission will issue further notices as appropriate to keep the public informed of developments relating to enactment of the Commission's regular appropriation and the effective dates for the above fee rate changes. These notices will be posted at the SEC's Internet web site at http://www.sec.gov. (Press Rel. 2006-161) SEC AWARDS CONTRACT FOR STUDY TO COMPARE ROLES OF INVESTMENT ADVISERS, BROKER-DEALERS Study to Research Current Industry Practices and Identify Investor Perspectives on Their Relationships with Financial Service Providers The U.S. Securities and Exchange Commission has awarded a contract to conduct factual research and analysis for a major study comparing how the different regulatory systems that apply to broker-dealers and investment advisers affect investors. "Our goal is improved investor protection through updated SEC regulations that deal with the realities of today's marketplace," Chairman Christopher Cox said. "The study will develop the best available information, from inside and outside of the Commission, to inform this important process." Twelve bidders responded to the Commission's August 1 "Request for Proposal," providing the SEC with a range of thoughtful options. Those submitting proposals included respected academics, consulting firms, law firm practitioners, and research organizations. After a rigorous, competitive process, the SEC has selected the RAND Corporation. The SEC looks forward to completion of a first-class empirical study and, in the process, looks forward to continued active public interest and input. The SEC first suggested a study in connection with a rule adopted in April 2005, allowing broker-dealers to offer fee-based brokerage accounts without being required to comply with the Advisers Act. The rule was the subject of a large number of comments. The Commission determined, however, that many of the concerns that commenters raised in the rulemaking went well beyond the scope of the proposed rule, and thus were best addressed by the study. The study RAND will conduct will explore those concerns and examine how the different regulatory regimes affect investors. The release adopting the 2005 rule directed the SEC staff to report on recommendations for a study. In March 2006, after considering the staff's recommendations and consulting with the other Commissioners, Chairman Cox announced that a study would be conducted. In June 2006, the SEC solicited public comment on a draft "Request for Proposal" and sought indications of interest. After making changes to the draft request in response to the comments, the SEC released the RFP on Aug. 1, 2006, with responses due by Aug. 24, 2006. A panel of senior SEC staff carefully evaluated all of the proposals for technical quality, and advised the contracting officer, who awarded the contract to the offeror whose proposal represented the best value to the government. Work planning on the contract awarded today will begin immediately. Consulting with the Commission's professional staff, the RAND Corporation will collect, categorize, and analyze empirical data from a wide variety of sources. RAND will study information on subjects such as the ways in which broker-dealers and investment advisers market, sell, and deliver financial products, accounts, programs and services to individual investors. Among the tasks to be performed under the contract, RAND will conduct interviews of interested parties, including industry groups, regulators, and investor advocates; will conduct an extensive search of relevant economic and business literature; will collect relevant business documents; will interview broker-dealers, investment advisers, and their respective associated persons; will conduct investor focus group interviews; and will summarize and evaluate the data for the Commission's use in assessing the current legal and regulatory environment. The RAND Corporation is an independent, nonprofit organization formed more than 50 years ago to further and promote scientific, educational, and charitable purposes for the public welfare and security of the United States. The study will be conducted by RAND's Center for Corporate Ethics, Law, and Governance, whose mission is to improve public policy through objective, empirical research and analysis. The RAND Corporation has experienced researchers on staff, specialized resource offices to support their work, and relationships with academics from well-known law and business schools. In performing the contract tasks, RAND will draw on internal resources as well as engage additional expert assistance, as necessary, to complete the study. The full text of the RFP on which the contract is based can be accessed on the Commission's website at http://www.sec.gov/news/extra/2006/sechq1-06-r-0177.pdf. It was also posted at http://www.fedbizopps.gov, a website concerning federal government procurement opportunities. The SEC's rule release providing for the study appears on the SEC's website at http://www.sec.gov/rules/final/34-51523.pdf. (Press Rel. 2006-162) ENFORCEMENT PROCEEDINGS IN THE MATTER OF VERITAS FINANCIAL ADVISORS, INC. An Administrative Law Judge has issued an Order Making Findings and Imposing Remedial Sanctions and Cease-and-Desist Order by Default (Default Order) in the matter of Veritas Financial Advisors, Inc. The Order Instituting Proceedings alleged that Respondent Rita A. White (White), while associated with an investment adviser, willfully violated Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder by misappropriating $1,300,000 of a client's funds to pay for, among other things, White's own personal expenses. The Default Order finds the allegations to be true and: (1) bars White from association with any investment adviser; (2) orders White to cease and desist from committing or causing any violations or future violations of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder; (3) orders White to disgorge $1,300,000, plus prejudgment interest; and (4) orders White to pay a civil penalty of $100,000. (Rels. 34-54497; IA-2553; File No. 3-12355) SEC INSTITUTES ADMINISTRATIVE PROCEEDINGS AGAINST CHINA ENERGY SAVINGS TECHNOLOGY, INC. FOR FAILURE TO MAKE REQUIRED PERIODIC FILINGS On September 26, the Commission instituted public administrative proceedings against China Energy Savings Technology, Inc. (China Energy) to determine whether the registration of each class of its securities should be revoked or suspended for a period not exceeding twelve months. In the order instituting administrative proceedings (Order) against China Energy, the Division of Enforcement (the Division) alleges that China Energy's securities are registered pursuant to Section 12 of the Securities Exchange Act of 1934 (Exchange Act). The Division also alleges that Exchange Act Section 13(a) and the rules promulgated thereunder require issuers with classes of securities registered pursuant to Exchange Act Section 12 to file with the Commission current and accurate information in periodic reports. The Division further alleges that China Energy is delinquent in its required periodic filings with the Commission, having last filed a periodic report for the period ending December 31, 2005. In addition, the Division alleges that China Energy: (i) is currently without management, and has closed its Hong Kong headquarters, disconnected its telephone and facsimile numbers, and shut down its website; (ii) currently has neither legal counsel nor an independent auditor; and (iii) has failed to respond to inquiries by the Division of Enforcement as to whether it intends to comply with its periodic filing obligations. In these proceedings, instituted pursuant to Section 12(j) of the Exchange Act, a hearing will be scheduled before an Administrative Law Judge. At that hearing, the judge will hear evidence from the Division and China Energy to determine whether the allegations contained in the Order are true. The judge will then determine whether it is necessary and appropriate for the protection of investors to revoke or suspend for a period not exceeding twelve months the registration of each class of China Energy's securities registered pursuant to Section 12 of the Exchange Act. The Commission has ordered that the administrative law judge issue an initial decision within 120 days from the service of the order instituting proceedings. (Rel. 34-54502; File No. 3-12430) SEC'S DIVISION OF ENFORCEMENT CHARGES FORMER GENERAL COUNSEL OF J.B. OXFORD HOLDINGS AND ITS BROKER-DEALER SUBSIDIARIES FOR HIS INVOLVEMENT IN LATE TRADING SCHEME The Commission's Division of Enforcement today announced an enforcement action in the nature of a cease-and-desist Proceeding against Scott G. Monson, the former general counsel of JB Oxford Holdings, Inc. (JBOH), and its wholly owned broker-dealer firms, JB Oxford & Co. and National Clearing Corporation (NCC), for his conduct in connection with an illegal late trading scheme facilitated by NCC on behalf of numerous institutional customers. As alleged in the Order Instituting Proceedings, from June 2002 to September 2003, NCC's mutual fund department personnel facilitated over 12,000 late mutual fund trades in over 600 funds. NCC's president and others at the firm negotiated agreements providing NCC's institutional customers with the ability to confirm, cancel, or revise mutual fund trades after 4:00 p.m. Eastern time, the time at or as of which the relevant mutual funds calculated their net asset value (NAV) after that day's fund trading. These trades in the funds may have been based on subsequent market information not reflected in such price and not available to other fund shareholders required to make trading decisions before 4:00 p.m. The Order alleges that Monson drafted the agreement that NCC used to memorialize the late trading relationship with the institutional customers. The Enforcement Division alleges that, in preparing the agreement, Monson failed to undertake any substantive analysis, such as considering the legality or propriety of late trading, and failed to review the SEC's rules and regulations or even consult NCC's compliance director to determine whether it was appropriate for NCC to accept mutual fund trades after 4:00 p.m. Eastern time for pricing at 4:00 p.m. The Order alleges that, as the firm's general counsel and the person charged with drafting the agreement, Monson was in the best position to determine whether the agreement was in compliance with SEC rules and regulations. The Order alleges that Monson failed to take appropriate and reasonable steps to ensure that the late trading agreement was in compliance with SEC rules and regulations, and that therefore he was a cause of NCC's violations of Commission Rule 22c-1, promulgated under Section 22(c) of the Investment Company Act of 1940, based on acts or omissions that he knew or should have known would contribute to those violations. An Administrative Law Judge will conduct a hearing to determine whether the allegations set forth in the Order are true, and in connection therewith, to afford Monson an opportunity to establish any defenses to the allegations, and whether, pursuant to Section 9(f) of the Investment Company Act, as a remedial act, Monson should be ordered to cease and desist from causing violations of, and any future violations of, Rule 22c-1 promulgated under Section 22c of the Investment Company Act. Previously, on Jan. 18, 2006, the SEC announced the settlements of JBOH, NCC, and three former NCC executives to civil fraud charges filed in federal district court arising out of the same late trading as well as other improper market timing arrangements. (Rel. IC-27497; File No. 3-12429) IN THE MATTER OF WORLD INFORMATION TECHNOLOGY, INC. On September 26, the Commission issued an Order Instituting Proceedings Pursuant to Section 12(j) of the Securities Exchange Act of 1934 (Order) against World Information Technology, Inc. (World Information). In the Order, the Division of Enforcement (Division) alleges that World Information failed to comply with Section 13(a) of the Exchange Act and Rules 13a-1 and 13a-13 thereunder, while its common stock was registered with the Commission in that it has not filed an Annual Report on Form 10-KSB since Aug. 2, 2004 (for its year ending Dec. 31, 2003) or quarterly reports on Form 10-QSB for any fiscal period subsequent to its fiscal quarter ending Sept. 30, 2003. A hearing will be scheduled before an administrative law judge to determine whether the allegations contained in the Order are true, to provide World Information an opportunity to establish any defenses, and to determine whether the registration of each class of World Information securities should be suspended for a period not exceeding 12 months or revoked. The Commission directed that an Administrative Law Judge shall issue an initial decision no later than 120 days from the date of service of the Order, pursuant to Rule 360(a)(2) of the Commission's Rules of Practice. (Rel. 34-54506; File No. 3-12431) IN THE MATTER OF JOHN HELBOCK On September 26, the Commission issued an Order Making Findings and Imposing Remedial Sanctions Pursuant to Section 15(b) of the Securities Exchange Act of 1934 as to John F. Helbock (Order). The Order finds, among other things, that Helbock failed to reasonably to supervise Joseph R. Huard, Jr. with a view to detecting and preventing Huard's manipulative trading practices during the period that he was Huard's direct supervisor. Based on the above, the Order, among other things, suspends Helbock, by consent, from acting in a supervisory capacity with any broker or dealer for a period of twelve (12) months and requires Helbock to pay a $20,000 civil penalty. (Rel. 34-54512; File No. 3-12312) BISYS FUND SERVICES TO PAY $21 MILLION TO SETTLE FRAUD CHARGES IN CONNECTION WITH IMPROPER MARKETING ARRANGEMENTS WITH 27 MUTUAL FUND ADVISERS On September 26, the Commission issued an Order Instituting Administrative and Cease-and-Desist Proceedings, Making Findings and Imposing Remedial Sanctions and a Cease-and-Desist Order (Order) pursuant to Section 203(k) of the Investment Advisers Act of 1940 (Advisers Act), and Sections 9(b) and 9(f) of the Investment Company Act of 1940 (Investment Company Act) against BISYS Fund Services, Inc. (BISYS). The settled action finds that BISYS aided and abetted over two dozen mutual fund advisers in defrauding fund investors. BISYS entered into undisclosed side agreements with the advisers, which enabled the advisers improperly to use mutual fund assets to pay for marketing expenses rather than paying for those expenses out of their own assets. As part of its settlement, BISYS, a wholly-owned subsidiary of The BISYS Group, Inc., agreed to pay a total of $21.4 million, consisting of disgorgement of $9.7 million in ill-gotten gains, prejudgment interest of $1.7 million, and a $10 million civil penalty. These monies will be placed in a distribution fund to be administered by the Commission for the benefit of the harmed mutual funds. The Commission's Order against BISYS finds that from July 1999 to June 2004, BISYS entered into side agreements with 27 mutual fund advisers obligating it to rebate a portion of its administration fee to the funds' advisers so that the fund advisers would continue to recommend BISYS as an administrator to the fund board of trustees. Through these side agreements, the advisers used fund assets to pay for marketing expenses incurred by the advisers to promote the funds. On occasion, fund advisers also used the money dedicated by BISYS under these arrangements to pay expenses entirely unrelated to marketing, including for check fraud losses, seed capital for new mutual funds, and settlement of disputes with third parties. If the fund advisers had not improperly used fund assets to subsidize these expenses, the fund advisers would have had to pay the expenses using their own assets. BISYS provided over $230 million from its administration fees for the benefit of the funds' advisers or third parties pursuant to these side agreements. The Order further finds that the side arrangements were not disclosed to the mutual funds' board of trustees or shareholders. BISYS failed to make these disclosures even after its former general counsel received legal advice that the firm could be liable for aiding and abetting the advisers' violations of the Investment Company Act of 1940 unless the arrangements were disclosed to mutual fund directors. In settling the Commission's charges, BISYS agreed to cease and desist from committing or causing any violations and any future violations of Sections 206(1) and 206(2) of the Investment Advisers Act of 1940, and Sections 12(b) and 34(b) of the Investment Company Act of 1940 and Rule 12b-1(d) thereunder. BISYS further agreed to retain the services of an independent consultant to conduct a comprehensive review of its current policies and procedures governing (1) the receipt of revenue and payment of expenses associated with its administrative, fund accounting, and distribution services to determine if the policies and procedures provide reasonable assurance that the revenue is properly received and expenses are properly paid, and (2) the accuracy of the disclosures to mutual fund boards concerning agreements between BISYS and the funds, advisers, banks and any related entities for administrative, fund accounting, and distribution services to determine if the policies and procedures provide reasonable assurance that such disclosures comply with the applicable provisions of the Investment Company Act of 1940 and the Investment Advisers Act of 1940. BISYS consented to the issuance of the Commission's Order without admitting or denying the findings in the Order. The Commission's investigation is continuing. (Rels. 33-8742; 34- 54513; IA-2554; IC-27500; File No. 3-12432) SEC OBTAINS FINAL JUDGMENT ENJOINING CONRAD SEGHERS AND AWARDING $50,000 CIVIL PENALTY IN HEDGE FUND FRAUD CASE On September 14, following a March 1, 2006, jury verdict in favor of the Commission, the Honorable Ed Kinkeade of the United States District Court for the Northern District of Texas issued a final judgment permanently enjoining Conrad P. Seghers from violating the antifraud provisions of the federal securities laws and assessing a $50,000 civil penalty. On June 16, 2004, the SEC filed a complaint alleging a hedge fund fraud perpetrated by Seghers, a resident of Garland, Texas, and James Dickey, a resident of Flower Mound, Texas. In its memorandum opinion and order issued with the final judgment, the court found, among other things, that from June 6, 2001, to Sept. 30, 2001, Seghers caused overstatements to investors of 47% to 72% of the value of hedge funds he managed and controlled. The court further found that Seghers acted knowingly or with extreme recklessness in making these misrepresentations. The court permanently enjoined Seghers from future violations of the antifraud provisions of Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and Sections 206(1) and 206(2) of the Investment Advisers Act of 1940. The court declined to order disgorgement by Seghers. For further information, see Litigation Release Nos. 18749 (June 17, 2004) and 19631 (March 30, 2006). [SEC v. Conrad P. Seghers and James R. Dickey, Civil Action No. 3:04-CV-1320-K (N.D. Tex.).] (LR-19844) SEC v. GRAHAM LEFFORD On September 26, the Commission filed a civil injunctive action in the United States District Court for the Southern District of New York charging Graham J. Lefford with illegal insider trading in the securities of Sports Entertainment Enterprises, Inc. (SPEA) while in possession of material, nonpublic information concerning his former employer's corporate acquisition of SPEA. At the time of his unlawful insider trading, Lefford, age 44, was employed as the house manager for the South Hampton, New York residence of Robert F. X. Sillerman, a leading entertainment industry entrepreneur. In the summer of 2004, Sillerman was in the process of acquiring a controlling interest in SPEA, then a dormant public shell company, to use it as the vehicle for acquiring and exploiting the commercial rights to Elvis Presley's name and likeness, which he was negotiating to obtain from the Presley estate. Lefford found out about Sillerman's acquisition of SPEA from one or more of the several deal- related documents that were faxed between Sillerman's office in Manhattan and his South Hampton residence that summer. Within minutes of faxing Sillerman's signed authorization for the SPEA acquisition back to Sillerman's office, Lefford bought 5,000 shares of SPEA stock at 12 cents per share. The price of SPEA stock shot up by over 9,000 % after Sillerman's acquisition of SPEA and the Presley deal were both announced in December 2004, and Lefford made $48,525 in total profit on his $600 investment when he later sold all his SPEA stock. Lefford's use of the confidential information he obtained about the SPEA acquisition to trade securities for his own benefit breached an express duty of trust and confidence that he owed to Sillerman under a written confidentiality agreement that covered all information that Lefford learned about, among other things, Sillerman's business and financial affairs. The Commission's Complaint charges Lefford with violating Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. The Commission is seeking a permanent injunction prohibiting Lefford from committing future violations of the above provisions of the securities laws, disgorgement of ill-gotten gains plus pre-judgment interest and civil penalties. [SEC v. Graham J. Lefford, 06-CIV-7716 (DAB) (SDNY)] (LR-19845) SEC ALLEGES REGISTRATION VIOLATIONS BY USGN, ITS FORMER CEO AND ITS FORMER CFO; COMPLAINT ALSO ALLEGES ANTIFRAUD VIOLATIONS BY FORMER CEO On September 26, the Commission filed a civil complaint in the Fort Worth federal court against US Global Nanospace, Inc. (USGN), a developmental stage "penny stock" company, its former chief executive officer, John D. Robinson, and the company's former chief financial officer, Julie E. Seaman. Robinson, age 51, of Alvarado, Texas, is alleged to have violated the antifraud provisions of the federal securities laws by causing the Arlington, Texas public company to issue materially misleading press releases regarding the company's purported defense and homeland security products. The complaint also alleges that Robinson, USGN, and Seaman, age 46, of Granbury, Texas, violated the registration provisions in connection with the offer and sale of approximately 3.1 million shares of USGN common stock for approximately $1.4 million. The complaint seeks permanent injunctive relief against Robinson and Seaman for registration violations and also against Robinson for antifraud violations. Additionally, the complaint seeks orders requiring Robinson and Seaman to disgorge their improper stock sales proceeds and to pay civil money penalties, and barring Robinson from serving as the officer and director of a publicly held company. USGN has offered to consent to the entry of an order permanently enjoining it against future violations of the registration provisions of the federal securities laws. [SEC v. US Global Nanospace, Inc., John D. Robinson and Julie E. Seaman, Civil Action No. 4-06CV-680-Y, N.D. Texas, Fort Worth Division (Fort Worth Division)] (LR-19846) SELF-REGULATORY ORGANIZATIONS ACCELERATED APPROVAL OF PROPOSED RULE CHANGE The Commission granted accelerated approval to a proposed rule change (SR-NYSE-2006-72) and Amendment No. 1 thereto submitted by the New York Stock Exchange relating to exchange to exchange billing under the Linkage Plan. Publication is expected in the Federal Register during the week of September 25. (Rel. 34-54480) PROPOSED RULE CHANGES The National Securities Clearing Corporation filed a proposed rule change (SR-NSCC-2006-09) seeking to modify its procedures for equity trade processing to enable cash, next day, and seller's option equity trades received on a locked-in basis from self-regulatory organizations (SROs) and Qualified Special Representatives (QSRs) to be processed in NSCC's Continuous Net Settlement (CNS) system. NSCC is also proposing to add a new element to its clearing fund formula to cover trades, such as cash and next day settling CNS trades, which settle in less than three days. Publication is expected in the Federal Register during the week of September 25. (Rel. 34-54482) Stock Clearing Corporation of Philadelphia filed a proposed rule change (SR-SCCP-2006-02) under Section 19(b)(2) of the Securities Exchange Act. The proposed rule change amends the definition of Margin Member in SCCP's Rules. Publication is expected in the Federal Register during the week of September 25. (Rel. 34-54488) IMMEDIATE EFFECTIVENESS OF PROPOSED RULE CHANGES The Commission issued notice of immediate effectiveness of a proposed rule change (SR-Phlx-2006-56) and Amendment No. 1 thereto filed by the Philadelphia Stock Exchange relating to amending the summary of index option and FXI options charges and the $60,000 "Firm Related" equity option and index option cap. Publication is expected in the Federal Register during the week of September 25. (Rel. 34-54485) The Commission issued notice of immediate effectiveness of a proposed rule change (SR-Amex-2006-79) filed by the American Stock Exchange relating to the payment for order flow plan to include supplemental registered options traders. Publication is expected in the Federal Register during the week of September 25. (Rel. 34-54486) A proposed rule change (SR-NASD-2006-105) filed by the National Association of Securities Dealers has become effective under Section 19(b)(3)(A) of the Securities Exchange Act of 1934. The rule change amends NASD Rules 2210 and Interpretive Material 2210-6 to clarify the filing requirements for communications concerning investment analysis tools. Publication is expected in the Federal Register during the week of September 25. (Rel. 34-54496) SECURITIES ACT REGISTRATIONS The following registration statements have been filed with the SEC under the Securities Act of 1933. The reported information appears as follows: Form, Name, Address and Phone Number (if available) of the issuer of the security; Title and the number and/or face amount of the securities being offered; Name of the managing underwriter or depositor (if applicable); File number and date filed; Assigned Branch; and a designation if the statement is a New Issue. Registration statements may be obtained in person or by writing to the Commission's Public Reference Branch at 100 F Street, N.E., Washington, D.C. 20549-1090 or at the following e-mail box address: . In most cases, this information is also available on the Commission's website: . SB-2 NETWOLVES CORP, 4805 INDEPENDENCE PARKWAY, STE 101, TAMPA, FL, 33634, 8132868644 - 1,125,000 ($191,250.00) Equity, (File 333-137567 - Sep. 25) (BR. 03C) S-3 FOXHOLLOW TECHNOLOGIES, INC., 740 BAY ROAD, REDWOOD CITY, CA, 94063-2469, 650-421-8400 - 389,653 ($11,428,522.49) Equity, (File 333-137568 - Sep. 25) (BR. 10B) S-8 SRS LABS INC, 2909 DAIMIER ST, SANTA ANA, CA, 92705, 9494421070 - 0 ($8,790,000.00) Equity, (File 333-137569 - Sep. 25) (BR. 10C) SB-2 News of China Inc, 1855 TALLEYRAND, SUITE 203A, BROSSARD, A8, J4W 2Y9, 514-7395502 - 1,050,000 ($105,000.00) Equity, (File 333-137570 - Sep. 25) (BR. ) F-1 Liberty Petroleum Inc, #720-999 WEST BROADWAY, VANCOUVER, A1, V5Z 1K5, 604-803-1344 - 46,359,750 ($19,419,976.00) Equity, (File 333-137571 - Sep. 25) (BR. ) S-8 MOVADO GROUP INC, 650 FROM ROAD, PARAMUS, NJ, 07652, 201-267-8000 - 67,000 ($1,569,810.00) Equity, 14,000,000 ($1,647.80) Other, (File 333-137573 - Sep. 25) (BR. 02A) S-8 IElement CORP, 17194 PRESTON ROAD, SUITE 102 PMB 341, DALLAS, TX, 75248, 214-254-3425 - 41,000,000 ($1,701,500.00) Equity, (File 333-137574 - Sep. 25) (BR. 11B) S-3 LIFETIME BRANDS, INC, ONE MERRICK AVENUE, WESTBURY, NY, 11590, 5166836000 - 2,678,571 ($75,000,000.00) Equity, (File 333-137575 - Sep. 25) (BR. 06A) S-3 ON2 TECHNOLOGIES, INC., 21 CORPORATE DRIVE SUITE 103, CLIFTON PARK, NY, 12065, 5183480099 - 5,495,614 ($4,094,232.43) Equity, (File 333-137577 - Sep. 25) (BR. 03B) S-3D SOUTH FINANCIAL GROUP INC, 102 S MAIN ST, GREENVILLE, SC, 29601, 8642557900 - 250,000 ($6,520,000.00) Equity, (File 333-137578 - Sep. 25) (BR. 07C) S-4 EDISON MISSION ENERGY, 18101 VON KARMAN AVE, STE 1700, IRVINE, CA, 92612, 9497525588 - 0 ($1,000,000,000.00) Debt, (File 333-137579 - Sep. 25) (BR. 02B) S-4 JERSEY CENTRAL POWER & LIGHT CO, 2800 POTTSVILLE PIKE, READING, PA, 19640-0001, 6109293601 - 0 ($200,000,000.00) Non-Convertible Debt, (File 333-137580 - Sep. 25) (BR. 02B) S-3 KITE REALTY GROUP TRUST, 30 S MERIDIAN STREET, SUITE 1100, INDIANAPOLIS, IN, 46204, 3175775600 - 2,000,000 ($32,440,000.00) Equity, (File 333-137582 - Sep. 25) (BR. 08C) RECENT 8K FILINGS Form 8-K is used by companies to file current reports on the following events: 1.01 Entry into a Material Definitive Agreement 1.02 Termination of a Material Definitive Agreement 1.03 Bankruptcy or Receivership 2.01 Completion of Acquisition or Disposition of Assets 2.02 Results of Operations and Financial Condition 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant 2.04 Triggering Events That Accelerate or Increase a Direct Financial Obligation under an Off-Balance Sheet Arrangement 2.05 Cost Associated with Exit or Disposal Activities 2.06 Material Impairments 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing 3.02 Unregistered Sales of Equity Securities 3.03 Material Modifications to Rights of Security Holders 4.01 Changes in Registrant's Certifying Accountant 4.02 Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review 5.01 Changes in Control of Registrant 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year 5.04 Temporary Suspension of Trading Under Registrant's Employee Benefit Plans 5.05 Amendments to the Registrant's Code of Ethics, or Waiver of a Provision of the Code of Ethics 6.01. ABS Informational and Computational Material. 6.02. Change of Servicer or Trustee. 6.03. Change in Credit Enhancement or Other External Support. 6.04. Failure to Make a Required Distribution. 6.05. Securities Act Updating Disclosure. 7.01 Regulation FD Disclosure 8.01 Other Events 9.01 Financial Statements and Exhibits 8-K reports may be obtained in person or by writing to the Commission's Public Reference Branch at 100 F Street, N.E., Washington, D.C. 20549-1090 or at the following e-mail box address: . In most cases, this information is also available on the Commission's website: . STATE 8K ITEM NO. NAME OF ISSUER CODE DATE COMMENT 5 G WIRELESS COMMUNICATIONS INC NV 5.02 09/21/06 ACE LTD D0 5.05 09/22/06 ACORDA THERAPEUTICS INC 8.01,9.01 09/25/06 ACURA PHARMACEUTICALS, INC NY 1.01,2.03,8.01,9.01 09/22/06 Ad.Venture Partners, Inc. DE 4.02 08/18/06 AMEND ADELPHIA COMMUNICATIONS CORP DE 7.01 09/25/06 ADEPT TECHNOLOGY INC CA 1.01,2.02,4.02,8.01,9.01 09/21/06 ADVENTRX PHARMACEUTICALS INC DE 7.01,9.01 09/25/06 AFFORDABLE RESIDENTIAL COMMUNITIES IN MD 8.01,9.01 09/20/06 AFFYMETRIX INC DE 2.05 09/07/06 AMEND AGILE SOFTWARE CORP DE 2.02,3.01,8.01,9.01 09/19/06 AIR PRODUCTS & CHEMICALS INC /DE/ DE 7.01,9.01 09/22/06 AIRTRAX INC NJ 1.01,2.03,3.02,9.01 07/26/06 ALBANY INTERNATIONAL CORP /DE/ DE 8.01 09/24/06 ALBANY INTERNATIONAL CORP /DE/ DE 8.01 09/22/06 ALBERTO CULVER CO DE 1.01 09/21/06 ALLERGAN INC DE 9.01 03/23/06 AMEND ALTERNATIVE ENERGY SOURCES INC 5.02,9.01 09/25/06 AMBAC FINANCIAL GROUP INC DE 8.01,9.01 09/21/06 American Home Mortgage Assets Trust 2 DE 9.01 09/22/06 American Railcar Industries, Inc./DE DE 1.01,8.01,9.01 09/19/06 AMERICAN TECHNOLOGY CORP /DE/ DE 1.01,5.02 09/19/06 American Telecom Services Inc 8.01,9.01 09/22/06 AMERICANA PUBLISHING INC CO 5.02,9.01 09/18/06 AMERISOURCEBERGEN CORP DE 8.01,9.01 09/25/06 AMERON INTERNATIONAL CORP DE 8.01 09/20/06 AMR CORP DE 8.01 09/25/06 AMREP CORP OK 1.02 09/22/06 AMS HEALTH SCIENCES INC OK 1.01,9.01 09/19/06 ANADYS PHARMACEUTICALS INC 1.01,5.02,9.01 09/11/06 ANALOG DEVICES INC MA 1.01,9.01 09/20/06 ANGIODYNAMICS INC DE 2.02,7.01,9.01 09/25/06 ANIXTER INTERNATIONAL INC DE 8.01,9.01 09/25/06 APARTMENT INVESTMENT & MANAGEMENT CO MD 7.01,9.01 09/25/06 APOLLO GROUP INC AZ 5.02,9.01 09/25/06 AQUILA INC DE 1.01,9.01 09/22/06 ARBITRON INC DE 5.02,9.01 09/20/06 ARENA PHARMACEUTICALS INC DE 8.01 09/25/06 ASTORIA FINANCIAL CORP DE 8.01,9.01 09/25/06 AURELIO RESOURCE CORP NV 3.02,9.01 09/21/06 AVALONBAY COMMUNITIES INC MD 8.01,9.01 09/25/06 Bank of Commerce Holdings CA 8.01,9.01 09/22/06 AMEND BANK OF NEW YORK CO INC NY 7.01,9.01 09/25/06 BARR PHARMACEUTICALS INC DE 5.03 09/21/06 BAYWOOD INTERNATIONAL INC NV 1.01,2.03,3.02,9.01 09/19/06 Bear Stearns Asset Backed Securities DE 9.01 08/30/06 Bear Stearns Asset Backed Securities DE 9.01 09/25/06 BEAZER HOMES USA INC DE 8.01,9.01 09/25/06 BIOMARIN PHARMACEUTICAL INC DE 3.02,9.01 09/20/06 BMW Vehicle Owner Trust 2004-A 9.01 09/25/06 BMW Vehicle Owner Trust 2005-A 9.01 09/25/06 Boardwalk Pipeline Partners, LP DE 1.01,5.03,9.01 09/25/06 BOEING CO DE 2.01,9.01 09/20/06 Bootie Beer CORP FL 1.01,3.02,9.01 09/19/06 BOOTS & COOTS INTERNATIONAL WELL CONT DE 1.01 09/19/06 BOYKIN LODGING CO OH 1.01,5.01,5.02,9.01 09/21/06 BRADLEY PHARMACEUTICALS INC DE 7.01,9.01 09/25/06 Brand Energy & Infrastructure Service DE 7.01,9.01 09/25/06 BRIGHAM EXPLORATION CO DE 2.02,7.01,9.01 09/25/06 BRISTOL MYERS SQUIBB CO DE 8.01,9.01 09/21/06 BROADCOM CORP CA 5.02,9.01 09/19/06 CABOT CORP DE 2.05 09/19/06 CADENCE FINANCIAL CORP MS 1.01,9.01 09/22/06 CalAmp Corp. DE 5.02,9.01 09/21/06 CAPTEC FRANCHISE CAPITAL PARTNERS L P DE 1.01,9.01 09/20/06 CDEX INC NV 9.01 09/22/06 Chaparral Energy, Inc. DE 7.01,9.01 09/25/06 CHASE BANK USA, NATIONAL ASSOCIATION DE 8.01,9.01 09/21/06 CHEMBIO DIAGNOSTICS, INC. NV 7.01,9.01 09/21/06 CHEMUNG FINANCIAL CORP NY 1.01 09/20/06 AMEND CHEMUNG FINANCIAL CORP NY 1.01,5.02,5.03,9.01 07/07/06 AMEND CHINA AGRITECH INC 8.01,9.01 09/25/06 China Evergreen Environmental CORP NV 4.02,9.01 09/25/06 CHINA MOBILITY SOLUTIONS, INC. (forme FL 5.02 09/21/06 Chino Commercial Bancorp CA 5.02 09/21/06 CHOICEONE FINANCIAL SERVICES INC MI 5.02 09/20/06 CHURCH & DWIGHT CO INC /DE/ DE 1.01 09/25/06 CIENA CORP DE 3.03,9.01 09/22/06 CIRRUS LOGIC INC DE 5.02,7.01,9.01 09/25/06 CIT EQUIPMENT COLLATERAL 2003-EF1 DE 7.01,9.01 06/30/06 CIT EQUIPMENT COLLATERAL 2003-VT1 DE 7.01,9.01 06/30/06 CIT Equipment Collateral 2004-EF1 DE 7.01,9.01 06/30/06 CIT EQUIPMENT COLLATERAL 2004-VT1 DE 7.01,9.01 06/30/06 CIT Equipment Collateral 2005-EF1 7.01,9.01 06/30/06 CIT Equipment Collateral 2005-VT1 7.01,9.01 06/30/06 CIT Equipment Collateral 2006-VT1 7.01,9.01 06/30/06 CIT HOME EQUITY LOAN TRUST 2002-1 DE 7.01,9.01 06/30/06 CIT HOME EQUITY LOAN TRUST 2003-1 DE 7.01,9.01 06/30/06 CIT HOME EQUITY TRUST 2002-2 DE 7.01,9.01 06/30/06 CIT RV TRUST 1998-A DE 7.01,9.01 06/30/06 CIT RV TRUST 1998-A DE 7.01,9.01 06/30/06 CIT RV TRUST 1999-A DE 7.01,9.01 06/30/06 CLARIENT, INC DE 1.01,3.02,9.01 09/25/06 CLOROX CO /DE/ DE 1.01,5.02,5.03,9.01 09/19/06 CNH CAPITAL RECEIVABLES LLC DE 1.01,9.01 09/19/06 Coastal Bancshares Acquisition Corp. 8.01,9.01 09/25/06 COLLEGIATE PACIFIC INC DE 8.01,9.01 09/25/06 Community Partners Bancorp NJ 1.01,5.02,9.01 09/19/06 COMPUPRINT INC NC 1.01,3.02,5.02,9.01 09/25/06 CONSOLIDATED EDISON INC NY 8.01,9.01 09/25/06 CORTS TRUST FOR WEYERHAEUSER DEBENTUR DE 8.01,9.01 09/15/06 COSMO COMMUNICATIONS CORP FL 5.02,9.01 09/15/06 COTHERIX INC 1.01,9.01 09/19/06 COVANTA HOLDING CORP DE 8.01,9.01 09/22/06 CV THERAPEUTICS INC DE 8.01 09/18/06 CWABS Asset-Backed Certificates Trust DE 9.01 09/25/06 CWHEQ Home Equity Loan Trust, Series 8.01,9.01 09/08/06 CYBER DIGITAL INC NY 1.01 09/25/06 D&E COMMUNICATIONS INC PA 2.03,9.01 09/19/06 DAYTON POWER & LIGHT CO OH 1.01,9.01 09/19/06 DENTSPLY INTERNATIONAL INC /DE/ DE 1.01 09/19/06 AMEND Diamond Foods Inc DE 7.01,9.01 09/22/06 DOW CHEMICAL CO /DE/ DE 8.01,9.01 09/25/06 DOW CHEMICAL CO /DE/ DE 8.01,9.01 09/25/06 DPL INC OH 1.01,5.05,9.01 09/19/06 DRAVCO MINING INC NV 4.01,9.01 09/21/06 DYNAMIC LEISURE CORP MN 1.01,3.02,9.01 09/20/06 DYNEGY INC /IL/ IL 1.01,9.01 09/20/06 Eagle Hospitality Properties Trust, I MD 8.01 09/25/06 EASTERN CO CT 1.01,2.01,2.03,7.01,9.01 09/25/06 EDISON INTERNATIONAL CA 7.01,9.01 09/25/06 EDUCATE INC DE 7.01,9.01 09/25/06 EFJ INC DE 9.01 07/10/06 AMEND EMERSON ELECTRIC CO MO 7.01 09/25/06 Emrise CORP DE 1.01,1.02,2.03,8.01,9.01 09/19/06 EN POINTE TECHNOLOGIES INC DE 1.01,3.02,9.01 09/19/06 ENDOCARE INC DE 1.02,5.02 09/22/06 Energy Infrastructure Acquisition Cor DE 8.01,9.01 09/25/06 Energy Transfer Equity, L.P. DE 8.01,9.01 09/20/06 ENSCO INTERNATIONAL INC DE 8.01,9.01 09/25/06 ENTERGY CORP /DE/ DE 5.03,8.01,9.01 09/19/06 EPICEPT CORP 3.01,9.01 09/20/06 ESTEE LAUDER COMPANIES INC DE 1.01,9.01 09/20/06 ETHAN ALLEN INTERIORS INC DE 7.01,9.01 09/25/06 ev3 Inc. DE 1.01 09/19/06 EVERGREEN HOLDINGS INC OR 8.01,9.01 09/25/06 EXCELLENCY INVESTMENT REALTY TRUST, I MD 1.01,3.03,9.01 09/18/06 EXPRESS SYSTEMS CORP 4.01 09/19/06 FAMILY DOLLAR STORES INC DE 8.01 09/25/06 Federal Home Loan Bank of New York X1 5.02 07/19/06 AMEND FEDERAL NATIONAL MORTGAGE ASSOCIATION 5.03,5.05,9.01 09/19/06 FiberTower CORP DE 4.01,9.01 09/25/06 FINDEX COM INC NV 1.01,9.01 09/19/06 FIRST BANCSHARES INC /MO/ MO 2.02,9.01 09/01/06 AMEND FIRST BUSEY CORP /NV/ NV 8.01,9.01 09/22/06 FIRST FEDERAL BANC OF THE SOUTHWEST I 8.01,9.01 09/22/06 First Federal of Northern Michigan Ba 8.01,9.01 09/19/06 First Franklin Mortgage Loan Trust 20 DE 8.01 09/25/06 FIRST INDIANA CORP IN 1.01,9.01 09/22/06 FIRST MARBLEHEAD CORP 1.01 09/20/06 flexSCAN, Inc. NV 5.02,7.01,9.01 09/18/06 Fortunet, Inc. NV 7.01 09/21/06 FOXHOLLOW TECHNOLOGIES, INC. DE 9.01 09/12/06 AMEND FRANKLIN TOWERS ENTERPRISES INC 8.01,9.01 09/25/06 GATEWAY INC DE 1.01 09/19/06 GE Capital Credit Card Master Note Tr DE 8.01,9.01 09/15/06 GENERAL ENVIRONMENTAL MANAGEMENT, INC NV 1.01,9.01 03/08/06 AMEND GENESCO INC TN 7.01 09/25/06 GENTEK INC DE 7.01,8.01 09/22/06 GENWORTH LIFE & ANNUITY INSURANCE CO VA 9.01 09/25/06 GIGA TRONICS INC CA 1.01,9.01 09/13/05 GLOBAL ENERGY GROUP INC DE 5.02 09/19/06 GLOWPOINT INC DE 4.02,8.01,9.01 09/20/06 GMACM Home Equity Loan Trust 2006-HE4 DE 8.01,9.01 09/25/06 GOVERNMENT PROPERTIES TRUST INC 1.01,9.01 09/20/06 GRAPHIC PACKAGING CORP DE 1.01,5.03,9.01 09/20/06 GUESS INC DE 1.01,1.02,2.03,7.01,9.01 09/19/06 H&R BLOCK INC MO 1.01,2.03 09/21/06 HALOZYME THERAPEUTICS INC NV 3.02 09/19/06 HARRIS CORP /DE/ DE 7.01,9.01 09/22/06 HARTFORD FINANCIAL SERVICES GROUP INC DE 7.01 09/25/06 HARTFORD FINANCIAL SERVICES GROUP INC DE 8.01 09/25/06 HARTFORD LIFE INSURANCE CO CT 9.01 09/25/06 HEALTH CARE PROPERTY INVESTORS INC MD 5.03,9.01 09/20/06 HEALTH NET INC DE 1.01,2.03,9.01 09/21/06 HENDRX CORP NV 5.02 09/18/06 HERITAGE FINANCIAL CORP /WA/ WA 5.02,7.01,9.01 09/22/06 Home Equity Loan Trust 2006-HSA5 DE 8.01,9.01 09/25/06 HOUSEHOLD AFFINITY CREDIT CARD MASTER DE 9.01 09/15/06 IDACORP INC ID 1.01,5.02,8.01 09/21/06 IndyMac Residential Mortgage-Backed T 9.01 09/22/06 INTERMUNE INC DE 5.02,9.01 09/21/06 INTERNATIONAL IMAGING SYSTEMS INC 1.01,5.01,5.02,9.01 09/19/06 INTERNATIONAL PAPER CO /NEW/ NY 1.01,8.01,9.01 09/19/06 INVACARE CORP OH 7.01 09/25/06 ITC Holdings Corp. MI 8.01,9.01 09/22/06 ITC Holdings Corp. MI 7.01 09/25/06 JLG INDUSTRIES INC PA 7.01 09/25/06 KAMAN CORP CT 8.01,9.01 09/25/06 KEY TECHNOLOGY INC OR 2.05,8.01,9.01 09/21/06 KEYCORP /NEW/ OH 1.01 09/21/06 KFX INC DE 7.01,9.01 09/21/06 KFX INC DE 7.01,9.01 09/22/06 KITE REALTY GROUP TRUST MD 8.01,9.01 09/25/06 KIWA BIO-TECH PRODUCTS GROUP CORP DE 5.02,9.01 09/18/06 AMEND KNOLL INC DE 5.02 09/22/06 LABORATORY CORP OF AMERICA HOLDINGS DE 7.01 09/25/06 LENNOX INTERNATIONAL INC DE 8.01,9.01 09/25/06 LIFE TIME FITNESS INC MN 1.01 09/19/06 LL&E ROYALTY TRUST TX 7.01,9.01 09/25/06 Lusora Healthcare Systems Inc. NV 3.02,9.01 09/25/06 Macquarie Infrastructure CO Trust DE 1.01,9.01 09/21/06 MAIN STREET TRUST INC IL 8.01,9.01 09/25/06 MANGAPETS, INC. DE 8.01 09/25/06 MCMORAN EXPLORATION CO /DE/ DE 8.01,9.01 09/25/06 MEDIFAST INC DE 8.01 09/25/06 MEMRY CORP DE 1.01,5.02,9.01 09/22/06 MID-STATE BANCSHARES CA 8.01,9.01 09/20/06 MISSION COMMUNITY BANCORP CA 2.03,9.01 09/21/06 MOBILEMAIL (US) INC. NV 1.01,3.02,9.01 09/19/06 MONARCH COMMUNITY BANCORP INC MD 1.01,9.01 09/20/06 MONARCH COMMUNITY BANCORP INC MD 5.03,9.01 09/20/06 MOSCOW CABLECOM CORP DE 1.01,3.02,7.01,9.01 09/25/06 MOTHER LODE GOLD MINES CONSOLIDATED CA 8.01 09/08/06 MOTIENT CORP DE 2.01,3.02,7.01,9.01 09/25/06 MOTOROLA INC DE 1.01,9.01 09/19/06 MS STRUCTURED SATURNS SERIES 2002-14 DE 8.01,9.01 09/15/06 MS STRUCTURED SATURNS SERIES 2003-2 DE 8.01,9.01 09/15/06 MYOGEN INC DE 7.01,9.01 09/25/06 NATIONAL ATLANTIC HOLDINGS CORP NJ 4.01,9.01 09/25/06 NEOWARE INC DE 1.01 09/19/06 NETBANK INC GA 7.01,9.01 09/25/06 NETSOL TECHNOLOGIES INC NV 2.02,9.01 09/25/06 NEW YORK HEALTH CARE INC NY 5.02,9.01 09/22/06 NEW YORK HEALTH CARE INC NY 8.01 09/22/06 NITCHES INC CA 3.01,9.01 09/20/06 NU HORIZONS ELECTRONICS CORP DE 5.02 09/22/06 OAKLEY INC WA 1.01,1.02,2.03,8.01,9.01 09/21/06 OCEANIC EXPLORATION CO DE 8.01 09/25/06 ON2 TECHNOLOGIES, INC. DE 1.01 09/20/06 ONEOK INC /NEW/ OK 7.01,9.01 09/21/06 ONEOK Partners LP DE 7.01,9.01 09/21/06 OSHKOSH TRUCK CORP WI 1.01 09/19/06 OVERSEAS SHIPHOLDING GROUP INC DE 1.01,9.01 09/25/06 PACIFIC PREMIER BANCORP INC DE 1.01 09/22/06 PALADIN REALTY INCOME PROPERTIES INC MD 8.01 09/25/06 PARKWAY PROPERTIES INC MD 2.01,2.03,9.01 07/11/06 PATIENT INFOSYSTEMS INC DE 5.03,9.01 09/19/06 Patient Safety Technologies, Inc DE 2.03,9.01 09/19/06 PAVILION BANCORP INC 8.01,9.01 09/21/06 PAYLESS SHOESOURCE INC /DE/ DE 5.02 09/21/06 PECO ENERGY CO PA 1.01,2.03,9.01 09/25/06 PEGASUS COMMUNICATIONS CORP / DE 3.01,5.02 09/21/06 PEOPLES EDUCATIONAL HOLDINGS MN 7.01,9.01 09/25/06 PHARMION CORP 7.01,9.01 09/24/06 PHOENIX TECHNOLOGIES LTD DE 2.02,2.05,9.01 09/22/06 PLY GEM HOLDINGS INC DE 1.01,8.01,9.01 09/25/06 PMC SIERRA INC DE 2.02,9.01 09/25/06 PNM RESOURCES INC NM 7.01 08/31/06 POSSIS MEDICAL INC MN 7.01,9.01 09/25/06 POWER2SHIP INC NV 5.02 09/25/06 PREMIUM STANDARD FARMS, INC. 8.01 09/22/06 PRESSURE BIOSCIENCES INC MA 8.01,9.01 09/21/06 PRIMEDIA INC DE 7.01 09/25/06 PROTECTIVE LIFE INSURANCE CO TN 9.01 09/21/06 PS BUSINESS PARKS INC/CA CA 7.01,9.01 09/22/06 QAD INC DE 8.01,9.01 09/20/06 QUALITY SYSTEMS INC CA 1.01,5.03,8.01,9.01 09/20/06 QUEPASA CORP NV 1.01,5.03,9.01 09/19/06 QUICK MED TECHNOLOGIES INC NV 1.01 09/18/06 R&R ACQUISITION II, INC NJ 1.01,9.01 09/20/06 RALI Series 2006-QA7 Trust DE 8.01,9.01 09/25/06 AMEND RAM ENERGY RESOURCES INC DE 8.01,9.01 09/25/06 REGIONS FINANCIAL CORP DE 5.02 09/19/06 RELIANT ENERGY INC DE 1.01,2.03,7.01,9.01 09/24/06 REPUBLIC BANCORP INC /KY/ KY 1.01,9.01 09/22/06 REVLON CONSUMER PRODUCTS CORP DE 2.02,7.01,9.01 09/25/06 REVLON CONSUMER PRODUCTS CORP DE 2.05,2.06,5.02,8.01 09/25/06 REVLON INC /DE/ DE 2.02,7.01,9.01 09/25/06 REVLON INC /DE/ DE 2.05,2.06,5.02,8.01 09/25/06 Ruths Chris Steak House, Inc. DE 2.01,9.01 07/10/06 AMEND SAXON CAPITAL INC MD 7.01,9.01 09/25/06 SAXON CAPITAL INC MD 7.01,9.01 09/25/06 SCIENCE DYNAMICS CORP DE 1.01,2.01,3.02,9.01 09/19/06 SIGA TECHNOLOGIES INC DE 8.01,9.01 09/25/06 SIMTEK CORP CO 1.01,3.02,9.01 09/21/06 SIRVA INC DE 7.01,9.01 09/25/06 SIZELER PROPERTY INVESTORS INC DE 8.01,9.01 09/25/06 SLADES FERRY BANCORP MA 5.02,9.01 09/19/06 SLC Student Loan Trust 2006-2 DE 1.01,2.01,9.01 09/19/06 Smart-tek Solutions Inc NV 8.01,9.01 09/21/06 SPECTRUM PHARMACEUTICALS INC DE 8.01,9.01 09/24/06 STARBUCKS CORP WA 1.01,9.01 09/20/06 STARRETT L S CO MA 8.01 03/25/06 STEIN MART INC FL 1.01,5.02,9.01 09/19/06 STEN CORP MN 5.03 09/19/06 STRUCTURED PROD CORTS TR II FOR PROVI DE 8.01,9.01 09/15/06 STRUCTURED PRODUCTS CORP CORTS FOR PR DE 8.01,9.01 09/15/06 STRUCTURED PRODUCTS CORP CORTS TR III DE 8.01,9.01 09/15/06 STRUCTURED PRODUCTS CORP CORTS TRUST DE 8.01,9.01 09/15/06 STUDENT LOAN CORP DE 5.02 09/25/06 SUN NEW MEDIA INC. MN 5.02,9.01 09/19/06 SUNTERRA CORP MD 1.01,9.01 09/19/06 SUPERGEN INC DE 1.01,9.01 09/22/06 SUPERIOR ENERGY SERVICES INC DE 1.01,8.01,9.01 09/22/06 TELEFLEX INC DE 5.02,9.01 09/19/06 TERRAPIN ENTERPRISES INC NV 8.01,9.01 09/21/06 TIDELANDS OIL & GAS CORP/WA NV 2.04 09/20/06 TRANSCOMMUNITY FINANCIAL CORP VA 8.01,9.01 09/22/06 TRESTLE HOLDINGS INC DE 2.01,7.01 09/25/06 TRINITY CAPITAL CORP 8.01 09/21/06 TWIN DISC INC WI 7.01,9.01 09/25/06 UNITED HERITAGE BANKSHARES OF FLORIDA FL 1.01,9.01 09/21/06 UNITED HERITAGE CORP UT 1.01,9.01 09/21/06 UNIVERSAL ENERGY CORP. 7.01,9.01 09/22/06 UNIVEST CORP OF PENNSYLVANIA PA 8.01,9.01 09/25/06 UTG INC 5.02 09/25/06 VASOMEDICAL INC DE 5.02 09/20/06 VENTURE CATALYST INC UT 2.02,8.01,9.01 09/25/06 ViewPoint Financial Group X1 5.02 09/19/06 VIVUS INC CA 8.01,9.01 09/20/06 WAL MART STORES INC DE 5.03,9.01 09/21/06 WaMu Mortgage Pass-Through Certificat DE 6.01 09/25/06 WaMu Mortgage Pass-Through Certificat DE 6.01 09/25/06 Warrior Energy Services CORP DE 8.01,9.01 09/25/06 Warrior Energy Services CORP DE 1.01,9.01 09/22/06 Washington Mutual Asset-Backed Certif DE 6.01 09/25/06 WELUND FUND INC 1.01,3.02,9.01 09/19/06 WIND RIVER SYSTEMS INC DE 3.01,9.01 09/19/06 WINDROSE MEDICAL PROPERTIES TRUST MD 1.01,2.03,9.01 09/19/06 WITS BASIN PRECIOUS MINERALS INC MN 1.01,9.01 09/20/06 WPT ENTERPRISES INC 1.01,5.02,7.01,9.01 09/21/06 XACT AID INC NV 4.01,9.01 09/19/06 XECHEM INTERNATIONAL INC DE 1.01,5.02 09/19/06 Y3K SECURE ENTERPRISE SOFTWARE INC NV 1.01,3.02,8.01,9.01 08/25/06 YP CORP NV 1.01,5.02 09/19/06 ZAPATA CORP NV 2.06 09/21/06