UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION

Securities Exchange Act of 1934
Release No. 34-54627 / October 19, 2006

Administrative Proceeding File No. 3-11771

Notice is hereby given, pursuant to Rule 1103 of the Securities and Exchange Commission's ("Commission") Rules on Fair Fund and Disgorgement Plans, 17 C.F.R. §201.1103, that Heffler, Radetich & Saitta, LLP ("Heffler"), the Independent Distribution Consultant in this matter, has filed with the Commission its proposed plan ("Distribution Plan") for the distribution of monies placed into a Fair Fund, pursuant to Section 308 of the Sarbanes-Oxley Act of 2002, in In the Matter of Knight Securities, L.P. On December 16, 2004, the Commission issued an Order Instituting Administrative and Cease-and-Desist Proceedings, Making Findings and Imposing Remedial Sanctions Pursuant to Sections 15(b)(4) and 21C of the Securities Exchange Act of 1934 ("December 16 Order") against Knight Securities, L.P. ("Knight"). Among other things, the December 16 Order directed Knight to pay disgorgement in the amount of $41,146,663.50, prejudgment interest in the amount of $13,195,068 and a civil penalty in the amount of $12,500,000.

OPPORTUNITY FOR COMMENT

Pursuant to this Notice, all interested parties are advised that the Distribution Plan may be obtained by visiting http://www.sec.gov/litigation/admin/2006/34-54627-pdp.pdf or by submitting a written request to Ronald A. Bertino, c/o Heffler, Radetich & Saitta, LLP, 1515 Market Street, Suite 1700, Philadelphia, PA 19102. Further, all persons desiring to comment on the Distribution Plan may submit their views, in writing, no later than November 20, 2006:

1. 1. to the Office of the Secretary, United States Securities and Exchange Commission, 100 F Street, N.E., Washington, D.C. 20549-1090;
    
2. 2. by using the Commission's Internet comment form (http://www.sec.gov/litigation/admin.shtml); or
    
3. 3. by sending an e-mail to rule-comments@sec.gov. Please include the appropriate Administrative Proceeding File Number (3-11771) on the subject line.

THE DISTRIBUTION PLAN

The Distribution Plan concerns the distribution of disgorgement and civil penalties paid by Knight pursuant to the December 16 Order. The Distribution Plan describes the procedures by which Heffler identified the Institutional Customers who were affected by alleged violations committed by Knight, as determined in connection with the December 16 Order. The Distribution Plan further describes the procedures by which Heffler will calculate the total amount of disgorgement and interest to be paid to the Institutional Customers, and distribute those funds to those Institutional Customers.

By the Commission, by its Secretary, pursuant to delegated authority.

http://www.sec.gov/litigation/admin/2006/34-54627.htm