SEC NEWS DIGEST Issue 2006-134 July 13, 2006 COMMISSION ANNOUNCEMENTS SEC VOTES TO PUBLISH INTERPRETIVE GUIDANCE ON "SOFT DOLLARS" SAFE HARBOR AND TO PROPOSE AMENDMENTS TO REGULATION SHO On July 12, the Securities and Exchange Commission voted to publish an Interpretive Release that provides guidance on money managers' use of client commissions to pay for brokerage and research services under the "soft dollars" safe harbor, which is set forth in Section 28(e) of the Securities Exchange Act of 1934. The Commission also voted to propose amendments to Regulation SHO (17 CFR 242.200 et seq.) that would further reduce the number of persistent fails to deliver. 1. Interpretive Release on Client Commission Practices Section 28(e) provides that a person who exercises investment discretion with respect to an account shall not be deemed to have acted unlawfully or to have breached a fiduciary duty under state or federal law solely by reason of having caused an account to pay more than the lowest available commission if that person determines in good faith that the amount of the commission is reasonable in relation to the value of the brokerage and research services received. The Interpretive Release articulates that the analysis of "brokerage and research services" under Section 28(e) requires a three-step process: the application of eligibility criteria; the money manager's lawful and appropriate use of the items; and the money manager's good- faith determination that the commissions paid are reasonable in light of the value of the services received. The Interpretive Release clarifies that money managers may use client commissions to pay only for eligible brokerage and research services. The Interpretive Release states that eligible research services are limited to advice, analyses, and reports under Section 28(e). According to the Interpretive Release, this means that traditional research reports, market data, and other items that satisfy the eligibility criteria of Section 28(e) are eligible for the safe harbor as research, but that computer hardware is not. The Interpretive Release also indicates that mass-marketed publications are not eligible under the safe harbor. The Interpretive Release states that eligible brokerage includes those products and services that relate to the execution of the trade from the point at which the money manager communicates with the broker-dealer for the purpose of transmitting an order for execution, through the point at which funds or securities are delivered or credited to the advised account. The Interpretive Release also indicates that, in order to operate under the safe harbor, the money manager must use the eligible brokerage and research services in a manner that provides lawful and appropriate assistance. For "mixed-use" items that are partly eligible and partly ineligible, the Interpretive Release states that money manager must make a reasonable allocation of client commissions in accordance with the eligible and ineligible uses of the items. In addition, the Interpretive Release reiterates the statutory requirement that money managers must determine in good faith that the commissions they pay are reasonable in relation to the value of the brokerage and research services that they obtain. The Interpretive Release also addresses arrangements whereby money managers obtain brokerage and research services from broker-dealers and other research providers. The Interpretive Release states that the safe harbor is available when a money manager does business with a broker-dealer that is involved in "effecting" the money manager's trades and "provides" the research. According to the Release, in order to be "effecting" transactions, the broker-dealer must either execute, clear, or settle the trade, or perform one of four specified functions and allocate the other functions to other broker-dealers. The Interpretive Release also states that Section 28(e) is satisfied, and the safe harbor is available to the money manager, if the broker- dealer that is effecting transactions for the advised accounts is either legally obligated to pay for the research or pays the research preparer directly and takes steps to see that the services to be paid for with client commissions are within Section 28(e). The Interpretive Release states that the Commission will receive and consider additional comment on these client commission arrangements given evolving developments in the industry, and that the Commission may supplement the guidance in the Interpretive Release if it determines that further guidance in this area is appropriate. The Interpretive Release will be effective upon publication in the Federal Register, but market participants will be able to rely on prior Commission guidance for a period of six months following publication. 2. Proposed Amendments to Regulation SHO The Commission also voted to approve the issuance of a release proposing amendments to Regulation SHO. The proposed amendments are intended to further reduce the number of persistent fails to deliver, by eliminating the grandfather provision and narrowing the options market maker exception. The proposed amendments also would update the market decline limitation. Regulation SHO, which became fully effective on Jan. 3, 2005, provides a new regulatory framework governing short sales. Among other things, Regulation SHO imposes close-out requirements to address the issue of fails to deliver certain equity securities. While a majority of trades settle on time, Regulation SHO addresses situations where the level of fails to deliver for certain equity securities are substantial and persistent. These fails to deliver can result from either short sales or long sales. Regulation SHO has achieved substantial results in reducing fails to deliver. However, some persistent fails to deliver remain. The proposals are intended to reduce the level of fails to deliver attributable to the grandfather provision and the options market maker exception. In particular, the proposed amendments would eliminate the grandfather provision in Rule 203(b)(3)(i) and limit the duration of the options market maker exception in Rule 203(b)(3)(ii) to 13 consecutive settlement days from the date on which the security becomes a threshold security or the options position expires or is liquidated, whichever is later. In addition, the proposal includes a technical amendment that would update the market decline limitation referenced in Rule 200(e)(3). Comments on the proposed amendments should be received by the Commission within 60 days of publication in the Federal Register. (Press Rel. 2006-116) ENFORCEMENT PROCEEDINGS TERRY ALLEN BARRED FROM ASSOCIATION WITH ANY INVESTMENT ADVISER On July 12, the Commission issued an Order instituting and simultaneously settling administrative proceedings against Terry F. Allen; the Order bars Allen from association with any investment adviser with a right to reapply after two years. Allen consented to the issuance of the Order without admitting or denying any of the Order's findings, except he admitted the entry of an order of permanent injunction against him in SEC v. Terry's Tips, Inc., et al., Civil Action Number 2:05-CV-188 (USDC D.Vt.). The Order finds that on June 12, 2006, Allen was enjoined from future violations of 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, ordered to pay disgorgement of $100,000 and a civil money penalty of $120,000. The Commission's complaint in the civil action alleged that Allen solicited customers for "autotrading" programs operation by Terry's Tips, Inc. through the use of false and misleading performance projections. Terry's Tips autotrading programs allowed individuals to designate Terry's Tips as the entity authorized to send trading instructions to a broker-dealer to execute trades based on those instructions in the client's personal brokerage account. Thus, through the autotrading programs, Allen had discretionary authority to execute securities transactions in the client's brokerage accounts. The complaint also alleges that Allen and his staff provided advice regarding the autotrading program to clients over the telephone and by e-mail. Allen or a member of his staff personally responded to all client e-mail and telephone inquiries regarding autotrading. Allen or a member of his staff provided clients, on an individualized basis, specific advice on matters such as the degree of risk associated with each autotrading strategy, which of the several strategies to select given the client's investment objectives and when to switch from one strategy to another. Through this conduct, the complaint alleged that Allen acted as an investment adviser. (Rel. IA-2535; File No. 3-12364) COMMISSION BRINGS SETTLED ENFORCEMENT ACTION AGAINST IFMG SECURITIES, INC. FOR REVENUE SHARING VIOLATIONS On July 13, the Commission issued an Order Instituting Administrative and Cease-and-Desist Proceedings, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order Pursuant to Section 8A of the Securities Act of 1933 And Sections 15(b) and 21C of the Securities Exchange Act of 1934 (Order) against IFMG Securities, Inc. (IFMG), a registered broker-dealer, for failing to disclose adequately material information to its customers in the offer and sale of mutual fund shares and variable insurance products. The Commission simultaneously accepted IFMG's Offer of Settlement (Offer), in which it consented to the entry of the Order without admitting or denying the findings contained therein. The Order finds that, from at least January 2000 through November 2003, IFMG, a subsidiary of Sun Life Financial (U.S.) Holdings, Inc., gave preferred sales treatment to certain mutual fund complexes and variable insurance product issuers participating in its revenue sharing program (the Preferred Program) in exchange for revenue sharing payments. Five mutual fund families and between six and twelve insurers offering variable insurance products (the Preferred Families), at various times, participated in IFMG's Preferred Program. IFMG provided financial incentives to its registered representatives, including reducing the commission paid for the sale of products whose advisers or insurers did not participate in its Preferred Program, to sell funds from the Preferred Families over other funds. Preferred Families received other forms of preferential sales treatment including placement on a preferred list, prominent billing in new business presentations and enhanced access to its sales force. IFMG did not adequately disclose the existence of its Preferred Program, the receipt of revenue sharing payments pursuant to the Preferred Program or the potential conflicts of interest created by these payments. Based on the foregoing conduct, the Order censures IFMG and requires it to pay $2,827,408 in disgorgement and prejudgment interest and civil penalties in the amount of $1 million. The Order also requires IFMG to comply with certain undertakings including the retention of an independent consultant to conduct a comprehensive review of its revenue sharing program. (Rels. 33-8720; 34-54139; File No. 3-12365) INVESTMENT COMPANY ACT RELEASES ING USA ANNUITY AND LIFE INSURANCE COMPANY, ET AL. An order has been issued pursuant to Section 6(c) of the Investment Company Act on an application filed by ING USA Annuity and Life Insurance Company, et al. (Applicants). The order exempts the Applicants from Sections 2(a)(32) and 27(i)(2)(A) of the Act and Rule 22c-1 thereunder to the extent necessary to permit them to recapture, under specified circumstances, credits applied to purchase payments made under certain deferred variable annuity contracts. (Rel. IC-27420 - July 10) SELF-REGULATORY ORGANIZATIONS APPROVAL OF PROPOSED RULE CHANGES The Commission approved a proposed rule change (SR-DTC-2005-14) filed by The Depository Trust Company that will amend DTC's Deposit Service, Custody Service, and Withdrawals-By-Transfer Service procedures in consideration of regulations administered by the U.S. Department of the Treasury's Office of Foreign Assets Control. Publication is expected in the Federal Register during the week of July 17. (Rel. 34- 54120) The Commission approved a proposed rule change (SR-NYSE-2005- 93) filed by the New York Stock Exchange to Rule 431 (Margin Requirements) and Rule 726 (Delivery of Options Disclosure Document and Prospectus) to expand the products eligible for customer portfolio margining and cross-margining. Publication is expected in the Federal Register during the week of July 17. (Rel. 34-54125) IMMEDIATE EFFECTIVENESS OF PROPOSED RULE CHANGE The NYSE Arca, Inc., filed a proposed rule change (SR-NYSEArca-2006- 31) pursuant to Section 19(b)(1) of the Act that will amend its Listed Company Manual to mandate that all listed companies become eligible to participate in a Direct Registration System administered by a clearing agency registered under Section 17A of the Act. Publication is expected in the Federal Register during the week of July 17. (Rel. 34- 54126) A proposed rule change (SR-Amex-2006-66) filed by the American Stock Exchange to extend the Short Term Option Series pilot program has become immediately effective under Section 19(b)(3)(A) of the Securities Exchange Act of 1934. Publication is expected in the Federal Register during the week of July 17. (Rel. 34-54131) AMENDMENTS TO PROPOSED RULE CHANGE Amendments Nos. 1, 2, and 3 to a proposed rule change (SR-NASD-2005- 079) have been filed by the National Association of Securities Dealers regarding a proposal to amend the NASD Code of Arbitration Procedure primarily to allow only arbitrators to issue subpoenas for both parties and non-parties, whether for discovery or for the appearance at a hearing before the arbitrators. Publication is expected in the Federal Register during the week of July 17. (Rel. 34-54134) APPROVAL OF PLAN FOR ALLOCATION OF REGULATORY RESPONSIBILITIES BETWEEN THE NASDAQ STOCK MARKET LLC AND THE NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. The Commission issued an Order granting approval and declaring effective a plan for allocating regulatory responsibility filed pursuant to Rule 17d-2 of the Securities Exchange Act of 1934 by The NASDAQ Stock Market and the National Association of Securities Dealers, File No. 4-517. Publication is expected in the Federal Register during the week of July 17. (Rel. 34-54136) 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 450 Fifth Street, N.W., Washington, D.C. 20549 or at the following e-mail box address: . In most cases, this information is also available on the Commission's website: . S-4 PLAINS ALL AMERICAN PIPELINE LP, 333 CLAY STREET, SUITE 1600, HOUSTON, TX, 77002, 7136544100 - 0 ($1,096,873,004.00) Equity, (File 333-135712 - Jul. 12) (BR. 04A) S-8 SMARTIRE SYSTEMS INC, 150 13151 VANIER PL, RICHMOND BC CANADA, A1, V6V 2J1, 6042769884 - 35,000,000 ($1,750,000.00) Equity, (File 333-135713 - Jul. 12) (BR. 10C) SB-2 INNOVATIVE CARD TECHNOLOGIES INC, 11601 WILSHIRE BOULEVARD, SUITE 2150, LOS ANGELES, CA, 90025, 310-312-0700 - 3,899,065 ($17,428,821.00) Equity, (File 333-135715 - Jul. 12) (BR. 10) S-3ASR SENIOR HOUSING PROPERTIES TRUST, 400 CENTRE STREET, NEWTON, MA, 02458, 6173323990 - 0 ($0.00) Unallocated (Universal) Shelf, (File 333-135716 - Jul. 12) (BR. 08C) SB-2 LIONS GATE LIGHTING CORP., 200 - 375 WATER STREET, VANCOUVER, A1, V6B 5C8, (604) 678-6880 - 5,000,000 ($50,000.00) Equity, (File 333-135717 - Jul. 12) (BR. ) F-3 AMARIN CORP PLC\UK, GEMINI HOUSE BARTHOLOMEWS WALK, CAMBRIDGESHIRE BUSINESS PARK, ELY CAMBRIDGESHIRE C, X0, 00000, 100,000,000 ($100,000,000.00) Equity, (File 333-135718 - Jul. 12) (BR. 01A) S-8 BOOKS A MILLION INC, 402 INDUSTRIAL LN, BIRMINGHAM, AL, 35211, 2059423737 - 300,000 ($4,795,500.00) Other, (File 333-135719 - Jul. 12) (BR. 02A) S-8 STRATAGENE CORP, 11011 N TORREY PINES ROAD, LA JOLLA, CA, 92037, 0 ($18,025,000.00) Equity, (File 333-135720 - Jul. 12) (BR. 01B) S-8 THOMSON CORP /CAN/, METRO CENTER, ONE STATION PLACE, STAMFORD, CT, 06902, 2035398000 - 0 ($232,290,000.00) Equity, (File 333-135721 - Jul. 12) (BR. 05C) S-4 ALABAMA NATIONAL BANCORPORATION, 1927 FIRST AVENUE NORTH, BIRMINGHAM, AL, 35209, 2055833600 - 2,068,591 ($43,998,931.00) Equity, (File 333-135722 - Jul. 12) (BR. 07A) S-8 VIASPACE Inc., 2400 LINCOLN AVENUE, ALTADENA, CA, 91001, 626-296-6310 - 0 ($17,360,000.00) Equity, (File 333-135723 - Jul. 12) (BR. 09A) S-8 NASTECH PHARMACEUTICAL CO INC, 3450 MONTE VILLA PARKWAY, BOTHELL, WA, 98021, 4259083600 - 0 ($15,430,000.00) Equity, (File 333-135724 - Jul. 12) (BR. 01B) S-8 PORTLAND GENERAL ELECTRIC CO /OR/, 121 SW SALMON ST, PORTLAND, OR, 97204, 5034647439 - 4,687,500 ($114,796,875.00) Equity, (File 333-135726 - Jul. 12) (BR. 02B) SB-2 SHEERVISION, INC., 4030 PALOS VERDES DRIVE N., SUITE 104, ROLLING HILLS, CA, 90274, 310-265-8918 - 7,236,996 ($5,789,598.00) Equity, (File 333-135727 - Jul. 12) (BR. 09A) S-8 GULFPORT ENERGY CORP, 14313 NORTH MAY AVENUE, SUITE 100, OKLAHOMA CITY, OK, 73134, 4058488807 - 0 ($17,565,288.00) Equity, (File 333-135728 - Jul. 12) (BR. 04C) SB-2 ONE EARTH ENERGY LLC, 1306 WEST 8TH ST, GIBSON CITY, IL, 60936, 217-784-4284 - 0 ($85,000,000.00) Other, (File 333-135729 - Jul. 12) (BR. ) S-3 MOUNTAIN NATIONAL BANCSHARES INC, 300 E. MAIN STREET, SEVIERVILLE, TN, 37864, 0 ($10,496,160.00) Equity, (File 333-135730 - Jul. 12) (BR. 07A) S-8 PHARMACEUTICAL PRODUCT DEVELOPMENT INC, 3151 SOUTH 17TH ST, WILMINGTON, NC, 28412, 9102510081 - 0 ($70,920,000.00) Equity, (File 333-135731 - Jul. 12) (BR. 01B) S-4 REGIONS FINANCIAL CORP, 417 N 20TH ST, BIRMINGHAM, AL, 35203, 205-944-1300 - 0 ($10,015,972,853.00) Equity, (File 333-135732 - Jul. 12) (BR. 07A) SB-2 Eagle Aero Holdings CORP, 7633 EAST 63RD ST., SUITE 300, TULSA, OK, 74133, 918-459-4542 - 10,000,000 ($5,000,000.00) Equity, (File 333-135733 - Jul. 12) (BR. 09) 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 450 Fifth Street, N.W., Washington, D.C. 20549 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 ------------------------------------------------------------------------------------------------------- 21ST CENTURY HOLDING CO FL 1.01 07/12/06 AAR CORP DE 2.02,9.01 07/12/06 ACE Securities Corp. Home Equity Loan DE 2.01,9.01 05/31/06 ACORDA THERAPEUTICS INC 7.01 07/12/06 ACTUANT CORP WI 1.01,9.01 07/07/06 ADELPHIA COMMUNICATIONS CORP DE 8.01 07/11/06 ADVANCED DIGITAL INFORMATION CORP WA 8.01 07/11/06 ADVANCED MEDICAL OPTICS INC DE 1.01,9.01 07/07/06 ADVENTRX PHARMACEUTICALS INC DE 8.01,9.01 07/12/06 AHPC Holdings, Inc. MD 3.01 07/06/06 ALCHEMY ENTERPRISES, LTD. NV 1.01,3.02,9.01 06/21/06 ALICO INC FL 2.02,9.01 07/10/06 ALICO INC FL 7.01,8.01,9.01 07/11/06 ALICO INC FL 9.01 07/12/06 ALLIANCEBERNSTEIN HOLDING L.P. DE 7.01,9.01 07/12/06 ALLIANCEBERNSTEIN L.P. DE 7.01,9.01 07/12/06 ALP LIQUIDATING TRUST DE 1.01,9.01 07/03/06 AMACORE GROUP, INC. DE 1.01,3.02 07/11/06 AMB PROPERTY CORP MD 2.02,8.01,9.01 07/11/06 AMERCO /NV/ NV 8.01 07/11/06 AMERICAN ACCESS TECHNOLOGIES INC FL 2.02,9.01 07/12/06 AMERICAN HONDA RECEIVABLES CORP CA 8.01,9.01 07/10/06 AMERICAN PACIFIC CORP DE 5.02,9.01 07/11/06 AMERISOURCEBERGEN CORP DE 8.01,9.01 07/11/06 ANADARKO PETROLEUM CORP DE 1.01,9.01 07/07/06 ANTICUS INTERNATIONAL CORP NV 8.01,9.01 06/15/06 APPLIED DIGITAL SOLUTIONS INC MO 5.02 07/11/06 ARAMARK CORP/DE DE 2.02,2.06,7.01 07/11/06 ARK RESTAURANTS CORP NY 8.01 07/12/06 ASHFORD HOSPITALITY TRUST INC MD 8.01,9.01 07/12/06 AT&T INC. DE 1.01,1.02,2.03,9.01 07/12/06 ATLAS AMERICA INC DE 7.01 07/11/06 ATLAS PIPELINE PARTNERS LP DE 7.01 07/11/06 AUXILIUM PHARMACEUTICALS INC 7.01,9.01 07/12/06 BE AEROSPACE INC DE 8.01 07/10/06 BEESTON ENTERPRISES LTD NV 5.02 07/10/06 BENCHMARK ELECTRONICS INC TX 2.02,9.01 07/12/06 BEXIL CORP MD 4.01,7.01 07/06/06 BIG SKY ENERGY CORP NV 3.02 07/05/06 BIONOVO INC DE 8.01,9.01 07/12/06 Brownsville CO NV 8.01 07/07/06 BRUNSWICK CORP DE 2.02,9.01 07/12/06 BULLDOG TECHNOLOGIES INC NV 5.02,7.01,9.01 07/10/06 CANO PETROLEUM, INC 8.01,9.01 07/12/06 CANYON RESOURCES CORP DE 8.01 07/12/06 CAPITAL ONE MASTER TRUST NY 8.01,9.01 07/11/06 CARDINAL HEALTH INC OH 7.01 07/11/06 CASCADE BANCORP OR 7.01,9.01 07/11/06 CELLSTAR CORP DE 1.01,9.01 07/12/06 CENTERSTATE BANKS OF FLORIDA INC FL 1.01,1.02,9.01 07/12/06 CENTURY BANCORP INC MA 8.01,9.01 07/11/06 CENTURY BANCORP INC MA 2.02,9.01 07/11/06 CHILCO RIVER HOLDINGS INC 1.01,3.02,9.01 07/10/06 CIBER INC DE 8.01,9.01 07/11/06 CITIZENS & NORTHERN CORP PA 2.02,9.01 06/30/06 CITIZENS FINANCIAL CORP/DE/ DE 2.02,9.01 07/12/06 CLEVELAND CLIFFS INC OH 8.01,9.01 07/11/06 CLEVELAND CLIFFS INC OH 8.01 07/12/06 CLICKABLE ENTERPRISES INC DE 1.01,2.03,9.01 07/11/06 CMS ENERGY CORP MI 1.01,9.01 07/11/06 COCA COLA ENTERPRISES INC DE 8.01,9.01 07/11/06 COHERENT INC DE 8.01,9.01 07/10/06 COMMERCE BANCSHARES INC /MO/ MO 2.02 07/12/06 COMMUNITY SHORES BANK CORP MI 1.01,9.01 07/07/06 COMMUNITY TRUST BANCORP INC /KY/ KY 8.01 07/03/06 CONCENTRA OPERATING CORP NV 1.01,9.01 07/10/06 CONSTELLATION BRANDS, INC. DE 2.05,7.01,9.01 07/11/06 CORINTHIAN COLLEGES INC 8.01,9.01 07/12/06 CREE INC NC 2.02,9.01 07/12/06 CWABS Asset-Backed Certificates Trust 8.01,9.01 06/27/06 CWABS Asset-Backed Certificates Trust 8.01,9.01 06/27/06 CYBER MERCHANTS EXCHANGE INC CA 1.01,3.02,9.01 07/07/06 CYBERONICS INC DE 7.01,9.01 07/11/06 DATAMEG CORP DE 8.01 07/12/06 DAVI SKIN, INC. NV 4.01,8.01 07/06/06 DEVCON INTERNATIONAL CORP FL 4.01 06/26/06 AMEND Diamond Foods Inc DE 7.01,9.01 07/12/06 Digital Music Group, Inc. DE 1.01,1.02,9.01 07/07/06 DTE ENERGY CO MI 7.01,9.01 07/12/06 DUANE READE HOLDINGS INC 1.01 07/07/06 EDGEWATER FOODS INTERNATIONAL, INC. NV 1.01,9.01 07/12/06 ELGRANDE INTERNATIONAL, INC. NV 1.02,7.01,9.01 06/21/06 ELINEAR INC DE 8.01 07/07/06 EMERGE INTERACTIVE INC DE 1.01,3.02,7.01,9.01 07/06/06 EMERGENCY FILTRATION PRODUCTS INC/ NV NV 5.02,9.01 07/11/06 ENTERGY CORP /DE/ DE 7.01,9.01 07/12/06 ENVIRONMENTAL TECTONICS CORP PA 2.02,9.01 07/11/06 ENXNET INC OK 7.01,9.01 07/11/06 EPIX Pharmaceuticals, Inc. 1.01,9.01 07/10/06 ETHAN ALLEN INTERIORS INC DE 7.01,9.01 07/11/06 FAIRCHILD CORP DE 2.01,9.01 07/06/06 FASTENAL CO MN 8.01,9.01 07/11/06 FASTENAL CO MN 2.02,9.01 07/12/06 FENTURA FINANCIAL INC MI 8.01,9.01 07/10/06 FERRO CORP OH 7.01,9.01 07/12/06 First Clover Leaf Financial Corp. MD 2.01,8.01,9.01 07/10/06 First Horizon Asset Sec Mort Pass Thr DE 8.01,9.01 06/30/06 First Horizon Asset Sec Mort Pass Thr DE 8.01,9.01 06/30/06 First Horizon Asset Sec Mort Pass Thr DE 8.01,9.01 06/30/06 FIRST NATIONAL COMMUNITY BANCORP INC PA 2.02,9.01 07/12/06 FNB BANCORP/CA/ 8.01,9.01 07/12/06 FOODARAMA SUPERMARKETS, INC. NJ 8.01,9.01 07/11/06 FOOTHILLS RESOURCES INC 1.01,2.01,3.02,5.01, 04/06/06 AMEND 5.02,5.06,9.01 FRANKLIN COVEY CO UT 2.02,9.01 07/11/06 FTD Group, Inc. 1.01,7.01,9.01 07/06/06 FURIA ORGANIZATION INC /DE/ DE 2.01 07/11/06 FURIA ORGANIZATION INC /DE/ DE 2.01 07/11/06 AMEND GANNETT CO INC /DE/ DE 2.02,9.01 06/25/06 GASTAR EXPLORATION LTD 7.01,9.01 07/12/06 GENCO SHIPPING & TRADING LTD 1.01,9.01 07/10/06 GENESIS BIOVENTURES INC NY 5.02,8.01,9.01 06/01/06 GENZYME CORP MA 2.02,9.01 07/12/06 GEORESOURCES INC CO 7.01 06/27/06 GLADSTONE CAPITAL CORP MD 1.01,9.01 07/11/06 GLADSTONE COMMERCIAL CORP MD 1.01,8.01,9.01 07/11/06 GLADSTONE INVESTMENT CORPORATION\DE DE 1.01,9.01 07/11/06 GLOBALNET CORP NV 5.02 07/06/06 Granite Falls Energy, LLC MN 2.02,9.01 07/12/06 GREAT CHINA MINING, INC NV 8.01,9.01 07/10/06 GULFPORT ENERGY CORP DE 5.03,9.01 07/10/06 HAMPTON ROADS BANKSHARES INC VA 2.02,8.01,9.01 07/12/06 Harbor Acquisition Corp. DE 8.01,9.01 07/12/06 HARLEYSVILLE NATIONAL CORP PA 1.01,5.02,7.01,9.01 07/10/06 HEALTHRENU MEDICAL INC CO 8.01 07/12/06 HEI INC MN 1.01,9.01 07/11/06 HERCULES OFFSHORE, INC. DE 7.01 06/30/06 HERITAGE PROPERTY INVESTMENT TRUST IN MD 1.01,9.01 07/09/06 HILLENBRAND INDUSTRIES INC IN 7.01,9.01 07/11/06 HSBC Home Equity Loan Trust (USA) 200 DE 9.01 07/12/06 HYDROFLO INC 5.02 07/11/06 HYDROFLO INC 5.02 07/12/06 ICOP DIGITAL, INC CO 8.01,9.01 07/12/06 ICU MEDICAL INC/DE DE 8.01,9.01 07/11/06 IHOP CORP DE 1.01,5.02,9.01 07/10/06 IMMUNOGEN INC MA 1.01,9.01 07/07/06 Industrial Enterprises of America, In NV 7.01 07/12/06 INDYMAC MBS INC 8.01,9.01 06/22/06 INLAND RETAIL REAL ESTATE TRUST INC MD 1.01,9.01 07/07/06 INTERGRAPH CORP DE 2.02,9.01 07/12/06 INTERNATIONAL ASSETS HOLDING CORP DE 5.02,9.01 07/06/06 IRON MOUNTAIN INC DE 7.01 07/12/06 IXIA CA 1.01,9.01 07/06/06 JACKSONVILLE BANCORP INC IL 2.02,9.01 07/12/06 JACUZZI BRANDS INC DE 1.01,9.01 03/23/06 JEFFERSON BANCSHARES INC TN 8.01,9.01 07/11/06 KBS Real Estate Investment Trust, Inc MD 1.01,2.01,2.03,7.01,9.01 07/06/06 KERR MCGEE CORP /DE DE 7.01,9.01 07/12/06 KIMCO REALTY CORP MD 1.01,7.01,9.01 07/09/06 KITE REALTY GROUP TRUST MD 2.03 07/06/06 KONA GRILL INC DE 5.02,9.01 07/07/06 KREISLER MANUFACTURING CORP DE 1.01,2.03,9.01 07/11/06 KRONOS INC MA 2.02 07/10/06 LANDAMERICA FINANCIAL GROUP INC VA 8.01 07/12/06 LEADIS TECHNOLOGY INC DE 1.01 07/06/06 LEGEND INTERNATIONAL HOLDINGS INC DE 8.01 06/26/06 LIFETIME BRANDS, INC DE 9.01 04/27/06 AMEND LIGHTPATH TECHNOLOGIES INC DE 2.02,9.01 07/12/06 LIONS GATE ENTERTAINMENT CORP /CN/ 5.02 07/10/06 LITTELFUSE INC /DE DE 1.01,9.01 07/07/06 LQ CORP INC DE 1.01 07/12/06 M&T BANK CORP NY 2.02,9.01 07/12/06 MAINE & MARITIMES CORP ME 1.01,9.01 07/12/06 MANHATTAN PHARMACEUTICALS INC DE 1.01,5.02,9.01 07/07/06 MARKETAXESS HOLDINGS INC 8.01 07/12/06 MARSHALL EDWARDS INC DE 1.01,3.02,9.01 07/11/06 MARSHALL EDWARDS INC DE 1.01,3.02,9.01 07/11/06 MARSHALL EDWARDS INC DE 9.01 07/11/06 AMEND MATERIAL SCIENCES CORP DE 2.02,9.01 07/11/06 MATTEL INC /DE/ DE 5.02,7.01,9.01 07/12/06 MAXYGEN INC DE 1.01 07/10/06 MedAire, Inc. NV 1.01 07/07/06 MEDICOR LTD DE 1.01,5.02,9.01 07/06/06 MEDICOR LTD DE 2.01,9.01 04/28/06 AMEND MELLON FINANCIAL CORP PA 1.01,9.01 04/18/06 MERCANTILE BANK CORP MI 2.02,9.01 07/12/06 Merrill Lynch Mortgage Investors Trus DE 8.01,9.01 07/12/06 AMEND METALICO INC 1.01,9.01 07/12/06 MIDDLEFIELD BANC CORP OH 1.01,9.01 07/11/06 MOBILEPRO CORP DE 1.01,7.01,9.01 07/11/06 MONSTER WORLDWIDE INC DE 5.02,8.01,9.01 07/11/06 MORLEX INC /CO CO 4.01,9.01 07/07/06 MortgageIT Holdings, Inc. MD 1.01,9.01 07/11/06 MOSAIC CO 1.01,5.02,7.01,9.01 07/07/06 MOTIENT CORP DE 7.01,9.01 07/12/06 MOVENTIS CAPITAL, INC. DE 7.01 07/11/06 MTM Technologies, Inc. NY 1.01,1.02,5.02,9.01 07/07/06 MULTI LINK TELECOMMUNICATIONS INC CO 1.01,3.02,5.02,9.01 07/06/06 NaturalNano , Inc. NV 7.01,9.01 07/12/06 NAVIGANT INTERNATIONAL INC DE 8.01,9.01 07/12/06 NEIMAN MARCUS GROUP INC DE 3.03,9.01 07/11/06 Neiman Marcus, Inc. DE 3.03,9.01 07/11/06 NEW GENERATION HOLDINGS INC DE 1.01,5.03,8.01,9.01 07/10/06 New York & Company, Inc. 7.01,9.01 07/12/06 NIC INC CO 7.01,9.01 07/12/06 NOVA OIL INC NV 1.01,3.02,5.02,7.01,9.01 07/06/06 NOVAVAX INC DE 3.01 07/06/06 NTL INC DE 8.01,9.01 07/10/06 NTL INC DE 1.01,9.01 07/06/06 O2DIESEL CORP 1.01,8.01 07/06/06 ODYSSEY HEALTHCARE INC DE 1.01,8.01,9.01 07/06/06 ODYSSEY RE HOLDINGS CORP DE 8.01 07/11/06 OHIO VALLEY BANC CORP OH 2.02,9.01 06/30/06 OLD NATIONAL BANCORP /IN/ IN 3.01 07/06/06 OLIN CORP VA 8.01,9.01 07/11/06 OLIN CORP VA 8.01,9.01 07/12/06 OLIN CORP VA 8.01,9.01 07/10/06 AMEND OneTravel Holdings, Inc. DE 1.03,5.02,9.01 07/07/06 ONYX PHARMACEUTICALS INC DE 1.01,5.02,9.01 07/07/06 OptimumBank Holdings, Inc. FL 2.02,9.01 07/12/06 OSI PHARMACEUTICALS INC DE 8.01 07/11/06 OSI PHARMACEUTICALS INC DE 1.01,9.01 07/06/06 PACIFIC CAPITAL BANCORP /CA/ CA 5.02,9.01 07/06/06 PACIFIC CAPITAL BANCORP /CA/ CA 1.01,2.03,3.03,8.01,9.01 07/05/06 PACIFIC CMA INC DE 4.01,5.02,9.01 07/06/06 PACIFIC FINANCIAL CORP WA 1.01,2.03,9.01 06/21/06 PACIFIC FINANCIAL CORP WA 7.01 07/10/06 AMEND Pacific Northwest Productions Inc. NV 1.01,3.02,9.01 07/07/06 PAN PACIFIC RETAIL PROPERTIES INC MD 1.01,7.01,9.01 07/09/06 PARALLEL PETROLEUM CORP DE 7.01,9.01 07/12/06 PAREXEL INTERNATIONAL CORP MA 1.01 07/06/06 PENFORD CORP WA 2.02,9.01 07/10/06 PEOPLES FINANCIAL CORP /MS/ MS 2.02,9.01 07/12/06 PEPCO HOLDINGS INC DE 8.01 07/11/06 PERMA FIX ENVIRONMENTAL SERVICES INC DE 3.02 07/05/06 PIERRE FOODS INC NC 2.02,9.01 07/12/06 PINNACLE AIRLINES CORP DE 8.01 07/11/06 POST PROPERTIES INC GA 7.01,9.01 07/11/06 PRIDE BUSINESS DEVELOPMENT HOLDINGS, 1.01,2.03,3.02,9.01 07/06/06 PROCESS TECHNOLOGY SYSTEMS INC NV 5.03,9.01 07/05/06 PROGRESS ENERGY INC NC 5.02 07/12/06 PSB Holdings, Inc. 1.01,5.02,9.01 07/06/06 PUBLIC STORAGE INC /CA CA 8.01,9.01 07/11/06 QUICKLOGIC CORPORATION CA 2.02,7.01,9.01 07/12/06 RCN CORP /DE/ DE 5.02,9.01 07/07/06 RED ROBIN GOURMET BURGERS INC DE 1.01,7.01,9.01 07/11/06 REFAC OPTICAL GROUP DE 8.01,9.01 07/06/06 RESOURCES CONNECTION INC DE 2.02,9.01 07/12/06 REVLON CONSUMER PRODUCTS CORP DE 8.01,9.01 07/12/06 REVLON INC /DE/ DE 8.01,9.01 07/12/06 RICKS CABARET INTERNATIONAL INC TX 2.01,9.01 07/07/06 RIDGEWOOD ENERGY K FUND LLC 2.06 07/06/06 Ridgewood Energy L Fund LLC 2.06 07/06/06 Ridgewood Energy O Fund LLC 2.06 07/06/06 ROMA FINANCIAL CORP X1 8.01,9.01 07/12/06 SALEM COMMUNICATIONS CORP /DE/ DE 8.01,9.01 07/11/06 Samurai Energy Corp. DE 2.01 07/12/06 AMEND SAND HILL IT SECURITY ACQUISITION COR CA 8.01,9.01 07/12/06 SANDISK CORP DE 1.01 07/07/06 SBA COMMUNICATIONS CORP FL 1.01,9.01 07/06/06 SCHWEITZER MAUDUIT INTERNATIONAL INC DE 5.02,9.01 07/10/06 SCOLR Pharma, Inc. DE 1.01 07/11/06 SEA SUN CAPITAL CORP DE 1.01 07/10/06 SEA SUN CAPITAL CORP DE 1.01 07/10/06 SEA SUN CAPITAL CORP DE 1.01 07/10/06 SEALY CORP DE 2.02,9.01 07/12/06 SENTO CORP UT 2.02,9.01 07/12/06 SHARPER IMAGE CORP DE 1.01,8.01 07/06/06 SHUFFLE MASTER INC MN 5.02 07/10/06 SHURGARD STORAGE CENTERS INC WA 8.01,9.01 07/11/06 Solo Cup CO DE 5.02,9.01 07/10/06 SONA MOBILE HOLDINGS CORP DE 5.02,9.01 07/06/06 SONORAN ENERGY INC WA 5.02 07/01/06 Soundview Home Loan Trust 2006-OPT5 DE 2.01,9.01 05/24/06 SOURCECORP INC DE 5.01,9.01 07/12/06 SOUTHERN COMMUNITY FINANCIAL CORP 2.02,4.02,8.01,9.01 07/11/06 SOUTHERN POWER CO 1.01,2.03 07/07/06 Souvall-Page & Company, Inc. UT 5.03,9.01 07/06/06 Specialty Underwriting & Residential DE 8.01,9.01 07/11/06 SPECTRUM PHARMACEUTICALS INC DE 1.01,3.03,5.03,9.01 07/07/06 SPECTRUM SCIENCES & SOFTWARE HOLDINGS DE 8.01,9.01 07/12/06 ST MARY LAND & EXPLORATION CO DE 2.02,9.01 07/11/06 STEWART ENTERPRISES INC LA 5.02 07/10/06 STRATEGIC HOTELS & RESORTS, INC 1.01,2.01,9.01 07/06/06 SUMMIT FINANCIAL GROUP INC WV 2.02,9.01 07/11/06 SYNTAX-BRILLIAN CORP DE 2.02,7.01,9.01 07/12/06 TALEO CORP DE 1.01 07/07/06 TECHNITROL INC PA 1.01,9.01 07/11/06 TEKELEC CA 2.01,2.02,9.01 07/06/06 TEXAS INDUSTRIES INC DE 2.02,9.01 07/12/06 THERMADYNE HOLDINGS CORP /DE DE 2.02,4.02,5.02,9.01 07/10/06 TIVO INC DE 1.01,9.01 07/11/06 TOPPS CO INC DE 8.01 07/12/06 TRANSGENOMIC INC DE 5.02,9.01 07/12/06 TRIDENT MICROSYSTEMS INC DE 1.01,5.02,5.03,9.01 07/06/06 UAP HOLDING CORP DE 8.01,9.01 07/11/06 UMB FINANCIAL CORP MO 7.01,9.01 07/12/06 UNIFIRST CORP MA 8.01,9.01 06/10/06 VALENCE TECHNOLOGY INC DE 1.01,9.01 07/10/06 Venoco, Inc. DE 1.01,9.01 07/11/06 Village Bank & Trust Financial Corp. 8.01,9.01 07/10/06 VILLAGEEDOCS INC CA 1.01,9.01 07/12/06 VIRBAC CORP DE 1.01 06/29/06 VIRBAC CORP DE 8.01,9.01 07/11/06 VISTA GOLD CORP 1.01,9.01 07/06/06 VITALSTREAM HOLDINGS INC NV 9.01 05/19/06 AMEND VOICE MOBILITY INTERNATIONAL INC NV 5.02,9.01 07/06/06 VOXWARE INC DE 5.02 07/11/06 VOYAGER ONE INC NV 8.01 07/10/06 VSB BANCORP INC NY 2.02,9.01 07/11/06 W&T OFFSHORE INC TX 8.01,9.01 07/12/06 W&T OFFSHORE INC TX 1.01,5.02,7.01,9.01 07/11/06 WaMu Mortgage Pass-Through Certificat DE 9.01 06/27/06 WARNACO GROUP INC /DE/ DE 5.02,9.01 07/11/06 WAVE SYSTEMS CORP DE 3.01 07/11/06 WEGENER CORP DE 2.02,9.01 07/12/06 Wells Fargo Mortgage Backed Securitie DE 8.01,9.01 06/29/06 WESTAR ENERGY INC /KS KS 8.01 07/07/06 WINTEGRA INC DE 1.01 07/02/06 WOLVERINE WORLD WIDE INC /DE/ MI 2.02,9.01 07/12/06 WPS RESOURCES CORP WI 8.01,9.01 07/12/06 WYETH DE 7.01,9.01 07/12/06 XOMA LTD /DE/ DE 1.01,9.01 07/07/06 YANKEE CANDLE CO INC 2.02,9.01 07/12/06