SEC NEWS DIGEST Issue 2006-201 October 18, 2006 ENFORCEMENT PROCEEDINGS IN THE MATTER OF DENNIS MARTIN On October 18, the Commission issued an Order Instituting Administrative Proceedings Pursuant to Section 15(b) of the Securities Exchange Act of 1934 (Exchange Act) and Notice of Hearing (Order) against Dennis A. Martin (Martin). The Division of Enforcement alleges in the Order that on Sept. 11, 2006, a final judgment by default was entered against Martin, permanently enjoining him from future violations of Section 17(a) of the Securities Act of 1933, Section 10(b) of the Exchange Act and Rule 10b-5 thereunder. The civil action is entitled SEC v. Dennis A. Martin, Civil Action Number 1:06-cv-1078-TCB, in the United States District Court for the Northern District of Georgia. A hearing will be scheduled before an administrative law judge to determine whether the allegations contained in the Order are true, to provide the Respondent an opportunity to dispute these allegations, and to determine what, if any, remedial sanctions are appropriate and in the public interest. The Order requires the Administrative Law Judge to issue an initial decision no later than 210 days from the date of service of this Order, pursuant to Rule 360(a)(2) of the Commission's Rules of Practice. (Rel. 34-54620; File No. 3-12457) IN THE MATTER OF MARCOS MARTINEZ AND JAMES FRACE On October 18, the Commission issued an Order Instituting Administrative Proceedings Pursuant to Section 15(b) of the Securities Exchange Act of 1934 against Marcos Martinez (Martinez) and James Frace (Frace), former registered representatives of Platinum Investment Corporation (Platinum). In the Order, the Division of Enforcement alleges that: (1) on July 31, 2002, the Commission filed a civil action entitled Securities and Exchange Commission v. Platinum Investment Corporation, et al., 02 civ. 6093 (JSR), in the Southern District of New York against Platinum, Martinez, Frace, and others alleging, among other things, that from approximately August 2001 through July 2002, Platinum, Martinez, Frace, and others raised over $1.5 million through two fraudulent unregistered stock offerings; (2) the Commission's complaint charges Martinez and Frace with violations of Sections 5 and 17(a) of the Securities Act of 1933 (Securities Act), Section 10(b) of the Securities Exchange Act of 1934 (Exchange Act), and Exchange Act Rule 10b-5; (3) on Sept. 25, 2006, a final judgment was entered against Frace permanently enjoining him from future violations of Sections 5(a), 5(c), and 17(a) of the Securities Act, Section 10(b) of the Exchange Act, and Exchange Act Rule 10b-5; and (4) on Sept. 27, 2006, a final judgment was entered against Martinez permanently enjoining him from future violations of Sections 5 and 17(a) of the Securities Act, Section 10(b) of the Exchange Act, and Exchange Act Rule 10b-5. A hearing will be scheduled before an administrative law judge to determine whether the allegations contained in the Order are true, to provide Martinez and Frace an opportunity to dispute these allegations, and to determine what, if any, remedial sanctions against Martinez and Frace are appropriate and in the public interest pursuant to Section 15(b) of the Exchange Act. The Commission directed that an Administrative Law Judge shall issue an initial decision in this matter within 210 days from the date of service of the Order. (Rel. 34-54623; File No. 3-12458) JUDGMENT OF PERMANENT INJUNCTION AND OTHER RELIEF ENTERED AGAINST DEFENDANT ROANOKE TECHNOLOGY CORP. The Commission announced that on Sept. 27, 2006, the Honorable Gregory A. Presnell, U.S. District Judge for the Middle District of Florida, entered a Final Judgment of Permanent Injunction and Other Relief against Defendant Roanoke Technology Corp. (Roanoke). The Judgment, entered with the consent of Roanoke, without admitting or denying the allegations of the SEC's complaint, enjoins the company from violations of Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933, Sections 10(b) and 13(a) of the Securities Exchange Act of 1934, and Rules 10b-5, 12b-20 and 13a-13 thereunder. In addition, the Judgment dismisses the disgorgement and civil penalty claims against Roanoke. The SEC commenced this action by filing its complaint against Roanoke, among others, alleging the defendants violated the registration, anti- fraud, and reporting provisions of the federal securities laws. [SEC v. Roanoke Technology Corp., et al., Case No. 6:05-cv-1880-Orl-31KRS, M.D.Fla.] (LR-19873) FINAL JUDGMENTS OF PERMANENT INJUNCTION AND OTHER RELIEF ENTERED AGAINST DEFENDANTS GEORGE CARAPELLA AND ALAN LIPSTEIN The Commission announced that on Sept. 8, 2006, the Honorable James S. Moody, Jr. U.S. District Judge for the Middle District of Florida entered Final Judgments of Permanent Injunction and Other Relief against Defendants George Carapella (Carapella) and Alan S. Lipstein (Lipstein), respectively. The Final Judgments, entered with the consent of Carapella and Lipstein, who neither admitted nor denied the allegations of the Commission's complaint, enjoin them from violations of Section 15(b) of the Securities Exchange Act of 1934, permanently bar them from participating in a penny stock offering, and order them to pay civil penalties of $15,000 each. The SEC commenced this action by filing its complaint against Carapella and Lipstein on Aug. 27, 2004, alleging the defendants illegally participated in penny stock offerings and committed securities fraud in violation of prior injunctions and Commission orders barring them from such activities. [SEC v. George Carapella and Alan S. Lipstein, Case No. 8:04-CV-01858-T-23MSS, M.D.Fla.] (LR-19874) SEC OBTAINS PERMANENT INJUNCTIVE RELIEF AGAINST BROKER GREGORY APPLEGATE The Commission announced that on October 17 Judge Polster of the U.S. District Court for the Northern District of Ohio entered a Final Judgment against Gregory Applegate (Applegate) in which Applegate consented to the entry of an order of permanent injunction enjoining him from violations 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. The Commission had previously filed a civil injunctive action on Oct. 7, 2005, alleging that Applegate violated the antifraud provisions of the federal securities laws by operating a Ponzi scheme. [SEC v. Gregory Applegate, Case No. 1:05CV2363, ND Ohio] (LR-19875) TIMOTHY HEYMAN AND HEYMAN INTERNATIONAL, INC. ORDERED TO PAY $5 MILLION FOR RUNNING PONZI SCHEME On Sept. 20, 2006, the U.S. District Court in Birmingham, Alabama ordered Timothy R. Heyman and Heyman International, Inc. to pay a total of $4,441,005 in disgorgement and prejudgment interest and $720,000 in civil penalties, for operating a Ponzi scheme in which they bilked nearly $12 million from approximately 250 investors. The SEC's complaint, filed on April 5, 2004, alleged that from at least June 2001 to April 2004, Heyman raised these funds from investors through the unregistered offer and sale of securities issued by Heyman International in the form of "Depository Agreements." Heyman represented to investors in the Depository Agreements that as a result of investments that he made, investors would earn a minimum of 10% per month on their fully refundable principal investment. The SEC's complaint alleged that, in reality, Heyman operated a Ponzi scheme by using investor funds to pay previous investors their monthly returns and to make purchases for himself, including several luxury cars and lavish trips. Previously, on Aug. 9, 2005, the Court entered an order of permanent injunction against Heyman and Heyman International, by consent, enjoining them from future violations of the registration and anti-fraud provisions of the federal securities laws. [SEC v. Timothy R. Heyman, et al., USDC, NDAL, Case Number CV-04-CO-0686-S] (LR-19876) INVESTMENT COMPANY ACT RELEASES PIONEER AMERICA INCOME TRUST, ET AL. A notice has been issued giving interested persons until Nov. 9, 2006, to request a hearing on an application filed by Pioneer America Income Trust, et al. for an order under Section 12(d)(1)(J) of the Investment Company Act for an exemption from Sections 12(d)(1)(A) and (B) of the Act and under Sections 6(c) and 17(b) of the Act for an exemption from Section 17(a) of the Act. The order would permit certain registered open-end management investment companies to acquire shares of other registered open end management investment companies both within and outside the same group of investment companies. (Rel. IC-27518 - October 16) QUAKER INVESTMENT TRUST AND QUAKER FUNDS, INC. An order has been issued on an application filed by Quaker Investment Trust and Quaker Funds, Inc. for an exemption from Section 15(a) of the Investment Company Act and Rule 18f-2 under the Act. The order permits the applicants to enter into and materially amend subadvisory agreements without shareholder approval and grants relief from certain disclosure requirements. (Rel. IC-27519 - October 17) SELF-REGULATORY ORGANIZATIONS APPROVAL OF PROPOSED RULE CHANGES The Commission approved a proposed rule change (SR-NASD-2005-094) and Amendment No. 1 thereto filed by the National Association of Securities Dealers relating to amendments to the classification of arbitrators pursuant to Rule 10308 of the NASD Code of Arbitration Procedure. Publication is expected in the Federal Register during the week of October 23. (Rel. 34-54607) The Commission approved a proposed rule change (SR-Amex-2005-060) and Amendment Nos. 1, 2, and 3 thereto and granted accelerated approval of Amendment Nos. 4 and 5 thereto of a proposed rule change submitted by the American Stock Exchange relating to amendments to the obvious error rules. Publication is expected in the Federal Register during the week of October 23. (Rel. 34-54608) 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: . S-8 ARMSTRONG WORLD INDUSTRIES INC, 2500 COLUMBIA AVE, LANCASTER, PA, 17603, 7173970611 - 5,349,000 ($187,215,000.00) Equity, (File 333-138034 - Oct. 17) (BR. 06A) S-1 GRAYBAR ELECTRIC CO INC VOTING TRUST, P O BOX 7231, ST LOUIS, MO, 63177, (314)512-9 - 850,000 ($17,000,000.00) Equity, (File 333-138035 - Oct. 17) (BR. 10B) S-8 FIVE STAR PRODUCTS INC, 777 WESTCHESTER AVENUE, FOURTH FLOOR, WHITE PLAINS, NY, 10604, (914) 249-9700 - 1,100,000 ($231,000.00) Equity, (File 333-138036 - Oct. 17) (BR. 06B) S-8 Pathogenics, Inc., 99 DERBY STREET, SUITE 200, HINGHAM, MA, 02043, 781-556-1090 - 900,000 ($90,000.00) Equity, (File 333-138037 - Oct. 17) (BR. 01) S-3 HERSHA HOSPITALITY TRUST, 44 HERSHA DRIVE, HARRISBURG, PA, 17102, 7177702405 - 0 ($400,000,000.00) Equity, (File 333-138038 - Oct. 17) (BR. 08B) S-1 Madison River Communications Corp., 103 SOUTH FIFTH STREET, MEBANE, NC, 27302, 919-563-1500 - 0 ($287,500,000.00) Equity, (File 333-138039 - Oct. 17) (BR. 11) F-3 LJ INTERNATIONAL INC, UNIT #12 12/F BLOCK A FOCAL INDUSTRIAL, CENTER 21 MAN LOK ST, HUNG HOM KOWLOON HON, K3, 00000, 0 ($9,205,538.00) Equity, (File 333-138041 - Oct. 17) (BR. 02B) SB-2 Solera National Bancorp, Inc., 924 W. COLFAX AVE., SUITE 301, DENVER, CO, 80204, 303-339-2753 - 0 ($32,298,890.00) Equity, (File 333-138042 - Oct. 17) (BR. 07) S-3 WDS Receivables LLC, 444 EAST WARM SPRINGS ROAD, SUITE 118, LAS VEGAS, NV, 89119, (702) 407-4317 - 1,000,000 ($1,000,000.00) Debt, (File 333-138043 - Oct. 17) (BR. ) F-3 ATTUNITY LTD, INDUSTRIAL PARK, TECHNION CITY, HAIFA ISRAEL, L3, 32000, 5086513888 - 7,720,571 ($10,191,154.00) Equity, (File 333-138044 - Oct. 17) (BR. 03C) S-3 GERON CORP, 230 CONSTITUTION DRIVE, MENLO PARK, CA, 94025, 6504737700 - 161,238 ($1,051,272.00) Other, (File 333-138046 - Oct. 17) (BR. 01A) S-3 NUVASIVE INC, 4545 TOWNE CENTRE COURT, SAN DIEGO, CA, 92121, (858) 909-1800 - 0 ($8,469,213.00) Equity, (File 333-138047 - Oct. 17) (BR. 10B) S-8 ITC Holdings Corp., 39500 ORCHARD HILL PLACE, SUITE 200, NOVI, MI, 48375, 248-374-7100 - 0 ($24,576,777.00) Equity, (File 333-138048 - Oct. 17) (BR. 02) S-1 BIOPURE CORP, 11 HURLEY ST, CAMBRIDGE, MA, 02141, 6172346500 - 0 ($55,180,000.00) Equity, (File 333-138049 - Oct. 17) (BR. 01C) S-3 AFFORDABLE RESIDENTIAL COMMUNITIES INC, 7887 E. BELLEVIEW AVE., SUITE 200, ENGLEWOOD, CO, 80111, 303 383-7506 - 0 ($80,000,000.00) Equity, (File 333-138050 - Oct. 17) (BR. 08B) 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 NAME OF ISSUER CODE 8K ITEM NO. DATE COMMENT ------------------------------------------------------------------------------------------------------- AAR CORP DE 1.02 10/11/06 ABERCROMBIE & FITCH CO /DE/ DE 1.01,9.01 10/16/06 ADELPHIA COMMUNICATIONS CORP DE 1.01,9.01 10/11/06 ADTRAN INC DE 2.02,9.01 10/16/06 AFFORDABLE RESIDENTIAL COMMUNITIES IN MD 8.01,9.01 10/17/06 ALASKA AIR GROUP INC DE 7.01 10/17/06 ALKERMES INC PA 1.01 10/17/06 ALLIANCE IMAGING INC /DE/ DE 1.01,5.02,9.01 10/16/06 AMB PROPERTY CORP MD 2.02,7.01,9.01 10/17/06 AMB PROPERTY LP DE 7.01,9.01 10/17/06 AMCORE FINANCIAL INC NV 2.02,9.01 10/17/06 AMERICAN STANDARD COMPANIES INC DE 2.02,7.01,9.01 10/17/06 AMERICAS WIND ENERGY CORP NV 5.03,7.01,9.01 10/16/06 AMERISERV FINANCIAL INC /PA/ PA 2.02 10/17/06 AMSOUTH BANCORPORATION DE 2.02,9.01 10/17/06 APOGEE ENTERPRISES INC MN 1.01,9.01 10/11/06 APRIA HEALTHCARE GROUP INC DE 1.01 10/11/06 ATC HEALTHCARE INC /DE/ DE 2.02,9.01 10/16/06 AURELIO RESOURCE CORP NV 5.02,9.01 10/11/06 AVON PRODUCTS INC NY 2.05 11/15/05 AMEND AXCESS INTERNATIONAL INC/TX DE 2.02,7.01,9.01 10/16/06 AZTAR CORP DE 8.01,9.01 10/17/06 BADGER METER INC WI 2.02,2.05,9.01 10/16/06 BALDOR ELECTRIC CO MO 2.02,9.01 10/12/06 BANCORP RHODE ISLAND INC 2.02,8.01,9.01 10/17/06 BAR HARBOR BANKSHARES ME 8.01 10/17/06 BEACH FIRST NATIONAL BANCSHARES INC SC 2.02,9.01 10/17/06 BEAR LAKE RECREATION INC NV 7.01,8.01,9.01 10/16/06 Bear Stearns ARM Trust 2006-4 DE 9.01 09/29/06 BENCHMARK ELECTRONICS INC TX 8.01,9.01 10/17/06 BENCHMARK ELECTRONICS INC TX 2.02,7.01 10/17/06 BERKSHIRE HATHAWAY INC DE 8.01 10/17/06 BILL BARRETT CORP 5.02,7.01,9.01 10/15/06 BISYS GROUP INC DE 8.01,9.01 10/16/06 BLOCKBUSTER INC DE 5.03 10/12/06 BOK FINANCIAL CORP ET AL OK 2.02,9.01 09/30/06 BRANDYWINE OPERATING PARTNERSHIP LP / DE 2.03,3.02 10/16/06 BRANDYWINE REALTY TRUST MD 2.03,3.02 10/16/06 BRESLER & REINER INC DE 5.02 10/16/06 BROOKE CORP KS 7.01,9.01 10/12/06 CACI INTERNATIONAL INC /DE/ DE 5.02 10/17/06 CAMELOT CORP CO 5.02,5.03,9.01 10/16/06 CANYON RESOURCES CORP DE 1.01,9.01 10/17/06 CATERPILLAR INC DE 8.01,9.01 10/16/06 CBOT HOLDINGS INC DE 2.02,9.01 10/17/06 CBOT HOLDINGS INC DE 8.01,9.01 10/17/06 CENTEX CORP NV 2.02,8.01,9.01 10/12/06 CEPHALON INC DE 1.01 10/17/06 CHARLES & COLVARD LTD NC 2.02 10/17/06 CHEETAH OIL & GAS LTD. NV 5.02 10/16/06 CHESAPEAKE UTILITIES CORP DE 8.01,9.01 10/12/06 CHICAGO MERCANTILE EXCHANGE HOLDINGS DE 8.01,9.01 10/17/06 China Health Holding, Inc. NV 3.02,9.01 10/12/06 CHINA SKY ONE MEDICAL, INC. NV 3.02,9.01 10/17/06 CITIGROUP INC DE 8.01,9.01 10/17/06 CKE RESTAURANTS INC DE 1.01,9.01 10/12/06 CKRUSH, INC. DE 1.01,9.01 10/13/06 CLEVELAND CLIFFS INC OH 8.01 10/12/06 CMGI INC DE 1.01,9.01 10/11/06 CNET NETWORKS INC DE 5.02,9.01 10/17/06 CNET NETWORKS INC DE 8.01 10/12/06 CNL INCOME PROPERTIES INC MD 2.01,9.01 10/16/06 CNX Gas CORP DE 1.01,9.01 10/08/06 COACH INDUSTRIES GROUP INC NV 1.01,1.02,2.04,9.01 08/14/06 COGNEX CORP MA 2.02,9.01 10/17/06 COGNITRONICS CORP NY 5.02 10/16/06 COLE KENNETH PRODUCTIONS INC NY 1.01,5.02 10/16/06 COLLAGENEX PHARMACEUTICALS INC DE 1.01,9.01 10/16/06 COMM BANCORP INC PA 2.02,9.01 10/16/06 Community Bancorp NV 2.01,5.02,9.01 10/13/06 COMMUNITY TRUST BANCORP INC /KY/ KY 2.02,7.01,9.01 09/30/06 CONNETICS CORP DE 1.01,9.01 10/11/06 CONSOL ENERGY INC 1.01,7.01 10/11/06 CONSOLIDATED CONTAINER CO LLC DE 1.01,8.01,9.01 10/12/06 CONSUMERS BANCORP INC /OH/ OH 2.02,9.01 10/17/06 CORNERSTONE BANCSHARES INC TN 2.02,9.01 10/13/06 CORNING NATURAL GAS CORP NY 1.02,8.01,9.01 10/11/06 CRITICAL THERAPEUTICS INC DE 8.01,9.01 10/17/06 CROWN HOLDINGS INC PA 2.02,9.01 10/16/06 CSX CORP VA 2.02,9.01 10/17/06 CYTOMEDIX INC DE 7.01,9.01 10/17/06 DAG MEDIA INC NY 1.01,8.01,9.01 10/11/06 DAVI SKIN, INC. NV 1.01 10/12/06 DAY INTERNATIONAL GROUP INC DE 2.01,9.01 10/11/06 DCP Holding CO OH 1.01 10/11/06 Delek US Holdings, Inc. 1.01,9.01 10/16/06 DENNYS CORP DE 5.02,9.01 10/13/06 DOWNEY FINANCIAL CORP DE 2.02,9.01 09/30/06 DSA FINANCIAL CORP 2.02,9.01 10/13/06 DUSA PHARMACEUTICALS INC NJ 8.01 10/16/06 EAGLE BANCORP INC MD 2.02,9.01 10/17/06 EAGLE MATERIALS INC DE 1.01,2.03,9.01 10/11/06 EMC CORP MA 2.02,2.05,9.01 10/17/06 Emrise CORP DE 1.01,9.01 10/11/06 ENCORE MEDICAL CORP DE 2.02,9.01 10/17/06 ENTERGY CORP /DE/ DE 2.02,9.01 10/17/06 EQUITY LIFESTYLE PROPERTIES INC MD 2.02,9.01 10/16/06 EQUITY LIFESTYLE PROPERTIES INC MD 8.01 10/16/06 EXPRESSJET HOLDINGS INC DE 7.01,8.01,9.01 10/17/06 FAR EAST ENERGY CORP 9.01 10/17/06 Federal Home Loan Bank of Atlanta X1 2.03 10/11/06 Federal Home Loan Bank of Boston X1 2.03 10/11/06 Federal Home Loan Bank of Chicago X1 2.03 10/12/06 Federal Home Loan Bank of Cincinnati X1 2.03,9.01 10/12/06 Federal Home Loan Bank of Dallas 2.03 10/11/06 Federal Home Loan Bank of Des Moines X1 2.03,9.01 10/11/06 Federal Home Loan Bank of Indianapoli X1 2.03,9.01 10/11/06 Federal Home Loan Bank of New York X1 2.03,9.01 10/11/06 Federal Home Loan Bank of Pittsburgh PA 2.03,9.01 10/11/06 Federal Home Loan Bank of San Francis X1 2.03 10/11/06 Federal Home Loan Bank of Seattle 2.03 10/16/06 Federal Home Loan Bank of Topeka 2.03 10/11/06 FelCor Lodging LP DE 8.01,9.01 10/17/06 FINISAR CORP DE 1.01,2.03,3.02,9.01 10/12/06 FIRST AVIATION SERVICES INC DE 1.01,5.02 10/12/06 FIRST DEFIANCE FINANCIAL CORP OH 2.02,9.01 10/16/06 FIRST PLACE FINANCIAL CORP /DE/ DE 2.02,7.01,9.01 10/17/06 FIRST RELIANCE BANCSHARES INC SC 2.02,9.01 10/17/06 FOREST LABORATORIES INC DE 2.02,9.01 09/30/06 FOUNTAIN POWERBOAT INDUSTRIES INC 1.01 10/17/06 FRANKLIN BANK CORP 8.01 09/29/06 FREEPORT MCMORAN COPPER & GOLD INC DE 2.02,9.01 10/17/06 FROZEN FOOD EXPRESS INDUSTRIES INC TX 1.01,1.02,9.01 10/12/06 FSI INTERNATIONAL INC MN 2.02,9.01 10/17/06 FULTON FINANCIAL CORP PA 2.02,9.01 10/17/06 G/O BUSINESS SOLUTIONS, INC. CO 8.01 10/11/06 GCO Education Loan Funding Trust-I DE 8.01,9.01 10/16/06 GENAERA CORP DE 8.01,9.01 10/16/06 GENERAL MILLS INC DE 1.01,2.03,9.01 10/17/06 GENTA INC DE/ DE 8.01,9.01 10/17/06 GEODYNE ENERGY INCOME LTD PARTNERSHIP OK 2.01,9.01 10/11/06 GEODYNE INSTITUTIONAL PENSION ENERGY OK 2.01,9.01 10/11/06 GEODYNE INSTITUTIONAL PENSION ENERGY TX 2.01,9.01 10/11/06 GLOBAL AXCESS CORP NV 2.01,9.01 10/01/06 Global Realty Development Corp DE 1.01,2.01,3.02,7.01,9.01 10/04/06 GOLDEN TELECOM INC DE 8.01,9.01 10/17/06 GRANT PARK FUTURES FUND LIMITED PARTN IL 7.01 09/30/06 GREAT ATLANTIC & PACIFIC TEA CO INC MD 2.02,9.01 10/17/06 GREAT PEE DEE BANCORP INC DE 2.02,9.01 10/11/06 GREENE COUNTY BANCSHARES INC TN 2.02,7.01,9.01 10/16/06 GREENVILLE FIRST BANCSHARES INC SC 2.02,9.01 10/17/06 GRIFFIN LAND & NURSERIES INC DE 2.02,9.01 10/17/06 Hana Biosciences Inc DE 1.01,3.02,9.01 10/11/06 HANOVER INSURANCE GROUP, INC. DE 2.02,7.01,8.01,9.01 10/17/06 HAUPPAUGE DIGITAL INC DE 1.01,5.05,9.01 10/17/06 HCA INC/TN DE 8.01,9.01 10/17/06 HEALTHWAYS, INC DE 2.02,9.01 10/17/06 HERCULES OFFSHORE, INC. DE 7.01,9.01 10/16/06 HEXION SPECIALTY CHEMICALS, INC. NJ 7.01 10/17/06 HINES HORTICULTURE INC DE 1.01,9.01 10/12/06 HOME SOLUTIONS OF AMERICA INC DE 9.01 07/31/06 AMEND HydroGen CORP NV 7.01,9.01 10/12/06 HYDROMER INC NJ 8.01 10/17/06 IBERIABANK CORP LA 2.02,7.01,9.01 10/17/06 iBroadband, Inc. NV 1.01 10/17/06 ICON CASH FLOW PARTNERS L P SEVEN DE 8.01,9.01 10/16/06 ICON HEALTH & FITNESS INC DE 2.02,7.01,9.01 09/02/06 ICON INCOME FUND EIGHT /DE DE 8.01,9.01 10/16/06 ICON INCOME FUND EIGHT B LP 8.01,9.01 10/16/06 ICON INCOME FUND TEN LLC DE 8.01,9.01 10/16/06 ICON Leasing Fund Eleven, LLC DE 8.01,9.01 10/16/06 ICOS CORP WA 1.01,3.03,9.01 10/16/06 IDT CORP DE 2.01,7.01,9.01 10/11/06 IElement CORP NV 7.01,9.01 10/17/06 ILLUMINA INC DE 2.02,9.01 10/17/06 IMAGING DIAGNOSTIC SYSTEMS INC /FL/ FL 8.01,9.01 10/17/06 INSMED INC VA 8.01,9.01 10/17/06 INTEL CORP DE 2.02,7.01 10/17/06 INTERCHANGE FINANCIAL SERVICES CORP / NJ 7.01,8.01,9.01 10/16/06 INTERCONTINENTALEXCHANGE INC 7.01 10/16/06 INTERMUNE INC DE 1.01,7.01,9.01 10/16/06 INTERNATIONAL BUSINESS MACHINES CORP NY 2.02 10/17/06 IRON MOUNTAIN INC DE 5.03,8.01,9.01 10/17/06 IXYS CORP /DE/ DE 1.01 10/11/06 J P MORGAN CHASE & CO DE 9.01 10/13/06 JEFFERIES GROUP INC /DE/ DE 2.02,9.01 10/17/06 JLG INDUSTRIES INC PA 1.01,3.03,9.01 10/15/06 JLG INDUSTRIES INC PA 8.01,9.01 10/17/06 JOHNSON & JOHNSON NJ 2.02,9.01 10/17/06 JOURNAL COMMUNICATIONS INC 2.02,9.01 10/17/06 KAYDON CORP DE 1.01,5.03,9.01 10/16/06 KEYCORP /NEW/ OH 2.02,9.01 10/17/06 KINDRED HEALTHCARE, INC DE 8.01,9.01 10/12/06 LAS VEGAS GAMING INC NV 5.02 10/10/06 LASER MASTER INTERNATIONAL INC NY 2.01 10/03/06 Lawson Software, Inc. MN 1.01,9.01 10/11/06 LCNB CORP OH 2.02,8.01,9.01 10/17/06 LEAP WIRELESS INTERNATIONAL INC DE 8.01 10/16/06 LEAR CORP DE 1.01,2.02,3.02,7.01,9.01 10/17/06 LEVEL 3 COMMUNICATIONS INC DE 1.01,9.01 10/12/06 LEVEL 3 COMMUNICATIONS INC DE 1.01,7.01,9.01 10/16/06 LEVI STRAUSS & CO DE 8.01,9.01 10/16/06 LFG International, Inc. NV 5.06 09/30/06 LIBERTY DIVERSIFIED HOLDINGS INC NV 8.01 10/16/06 LIFECORE BIOMEDICAL INC MN 2.02,9.01 10/17/06 LIGAND PHARMACEUTICALS INC DE 1.01,2.03,3.03,9.01 10/13/06 LIME ENERGY CO. DE 2.01,9.01 06/30/06 AMEND LINEAR TECHNOLOGY CORP /CA/ DE 2.02,9.01 10/01/06 LIQUIDITY SERVICES INC 8.01,9.01 10/16/06 LONE STAR STEAKHOUSE & SALOON INC DE 2.02,9.01 10/16/06 Long Beach Acceptance Receivables Cor DE 2.01,9.01 09/01/06 LUMINENT MORTGAGE CAPITAL INC 1.01,9.01 10/12/06 MACATAWA BANK CORP MI 2.02,9.01 10/16/06 MAINSOURCE FINANCIAL GROUP IN 1.01,2.03,9.01 10/13/06 MANPOWER INC /WI/ WI 2.02,9.01 10/17/06 MARKWEST HYDROCARBON INC DE 8.01 10/13/06 MARVELL TECHNOLOGY GROUP LTD D0 8.01,9.01 10/17/06 MASTR Asset Backed Securities Trust 2 DE 2.01,9.01 08/03/06 MASTR Asset Backed Securities Trust 2 DE 2.01,9.01 09/27/06 MAXXAM INC DE 8.01 10/17/06 MCCLATCHY CO DE 9.01 10/17/06 MedAire, Inc. NV 8.01,9.01 10/17/06 MEDIA GENERAL INC VA 8.01,9.01 10/17/06 MEDICINOVA INC DE 8.01,9.01 10/15/06 MEDIS TECHNOLOGIES LTD DE 8.01,9.01 10/17/06 MEMORY PHARMACEUTICALS CORP 8.01,9.01 10/16/05 MERRILL LYNCH & CO INC DE 2.02,9.01 09/29/06 METALDYNE CORP DE 7.01,9.01 10/17/06 Mewbourne Energy Partners 06-A, L.P. DE 4.01,9.01 10/12/06 MILLENNIUM PHARMACEUTICALS INC DE 1.01,1.02,8.01,9.01 10/17/06 MILLS CORP DE 1.01,9.01 10/11/06 ML-CFC Commercial Mortgage Trust 2006 DE 1.01,9.01 09/29/06 MOCON INC MN 5.02,9.01 10/16/06 MOLLER INTERNATIONAL INC CA 8.01 10/13/06 MONRO MUFFLER BRAKE INC NY 2.02,9.01 10/17/06 MOSCOW CABLECOM CORP DE 8.01,9.01 10/16/06 MOTOROLA INC DE 2.02,9.01 10/17/06 MPHASE TECHNOLOGIES INC NJ 8.01 10/17/06 MRS FIELDS FAMOUS BRANDS LLC DE 2.06,8.01 10/11/06 MULTI FINELINE ELECTRONIX INC 8.01,9.01 10/17/06 MVC CAPITAL, INC. DE 8.01 10/17/06 NABI BIOPHARMACEUTICALS DE 1.01 10/11/06 NATIONAL CITY CORP DE 2.02,9.01 10/17/06 NATIONAL PENN BANCSHARES INC PA 2.02,7.01 10/17/06 NATIONAL PENN BANCSHARES INC PA 2.02,7.01 10/17/06 NB&T FINANCIAL GROUP INC OH 2.02,7.01,9.01 10/17/06 NB&T FINANCIAL GROUP INC OH 8.01 10/17/06 NBTY INC DE 7.01,9.01 10/16/06 Neenah Paper Inc DE 8.01,9.01 10/17/06 NET PERCEPTIONS INC DE 4.01,8.01,9.01 10/11/06 NETRATINGS INC DE 1.01 10/17/06 Network Communications, Inc. 2.02,9.01 10/17/06 NETWORTH TECHNOLOGIES, INC. DE 8.01 10/10/06 Neuralstem, Inc. DE 8.01,9.01 10/17/06 NEUROLOGIX INC/DE DE 7.01,9.01 10/17/06 NEWTEK BUSINESS SERVICES INC NY 8.01,9.01 10/13/06 NOBLE INTERNATIONAL, LTD. DE 1.01,2.01,2.03,3.03,7.01,9.01 10/11/06 NORTHERN BORDER PIPELINE CO TX 1.01,5.02,7.01,9.01 10/11/06 Novelis Inc. A6 1.01,9.01 10/11/06 NOVELLUS SYSTEMS INC CA 2.02,9.01 10/17/06 NowAuto Group, Inc. NV 2.02,7.01,9.01 10/17/06 NRG ENERGY, INC. DE 7.01,9.01 10/17/06 NVR INC VA 2.02,9.01 10/17/06 OCCIDENTAL PETROLEUM CORP /DE/ DE 1.01,1.02 10/12/06 OFFICE DEPOT INC DE 2.02,9.01 10/17/06 OPEN SOLUTIONS INC DE 1.01,8.01,9.01 10/14/06 OPSWARE INC DE 2.01,9.01 08/01/06 AMEND ORALABS HOLDING CORP CO 1.01,7.01,9.01 10/12/06 OSHKOSH TRUCK CORP WI 1.01,8.01,9.01 10/15/06 OSI PHARMACEUTICALS INC DE 8.01 10/17/06 OVERSEAS SHIPHOLDING GROUP INC DE 1.01,9.01 09/25/06 PACIFIC CMA INC DE 4.02,8.01,9.01 09/25/06 PALM HARBOR HOMES INC /FL/ FL 2.02,9.01 10/17/06 PATRON SYSTEMS INC DE 1.01,3.02,5.03,9.01 10/11/06 PEMSTAR INC MN 8.01,9.01 10/16/06 PHARMACOPEIA DRUG DISCOVERY INC DE 1.01,8.01,9.01 10/13/06 PINNACLE ENTERTAINMENT INC DE 1.01,9.01 10/11/06 PIONEER BANKSHARES INC/VA 5.03,9.01 10/12/06 PLY GEM HOLDINGS INC DE 7.01 10/17/06 AMEND PNM RESOURCES INC NM 7.01 09/30/06 PORTRAIT CORP OF AMERICA, INC. 4.01,9.01 10/11/06 POWER2SHIP INC NV 1.01,3.02,7.01,9.01 10/11/06 PREMIER EXHIBITIONS, INC. 8.01 10/16/06 PRICESMART INC DE 5.02,5.05 10/12/06 PRINCIPAL FINANCIAL GROUP INC DE 1.01,9.01 10/11/06 ProLink Holdings Corp. DE 1.01,2.03,9.01 10/11/06 PUREDEPTH, INC. CO 1.01,7.01,9.01 10/13/06 PYR ENERGY CORP DE 1.01,9.01 10/17/06 QNB CORP PA 2.02,9.01 10/17/06 QUAKER FABRIC CORP /DE/ DE 7.01 10/17/06 QUEST OIL CORP NV 1.01,9.01 09/12/06 QUOVADX INC DE 1.01 10/11/06 RANGE RESOURCES CORP DE 8.01,9.01 10/17/06 REALOGY CORP DE 1.01,8.01,9.01 10/13/06 Refco Finance Inc. DE 7.01,9.01 10/17/06 Renaissance Home Equity Loan Trust 20 2.01,9.01 08/09/06 AMEND REPUBLIC BANCORP INC MI 2.02 09/30/06 RIVIERA HOLDINGS CORP NV 7.01,9.01 10/17/06 ROAMING MESSENGER INC NV 5.02,9.01 10/15/06 ROBBINS & MYERS INC OH 2.02 10/16/06 RONCO CORP DE 1.01 10/12/06 RYLAND GROUP INC MD 5.02,9.01 10/17/06 S&C HOLDCO 3 INC 1.01,9.01 10/12/06 S&T BANCORP INC PA 2.02 09/30/06 SAIC, Inc. DE 1.01,2.01,2.03,3.03,5.03,9.01 10/13/06 SALIX PHARMACEUTICALS LTD 8.01,9.01 10/16/06 SANDS REGENT NV 4.02 10/11/06 SANDY SPRING BANCORP INC MD 2.02,7.01,9.01 10/17/06 SANFILIPPO JOHN B & SON INC DE 1.01 10/12/06 SANMINA-SCI CORP DE 1.01,1.02,2.03 10/13/06 SAVANNAH BANCORP INC GA 7.01 10/17/06 SCANSOURCE INC SC 1.01,9.01 10/12/06 SCBT FINANCIAL CORP SC 2.02,9.01 10/17/06 SCRIPPS E W CO /DE OH 2.02,9.01 10/17/06 Security With Advanced Technology, In CO 1.01,5.02,7.01,9.01 08/11/06 SEMCO ENERGY INC MI 1.01,2.03,9.01 10/13/06 SENESCO TECHNOLOGIES INC DE 2.02,9.01 10/16/06 SENSOR SYSTEM SOLUTIONS INC 8.01,9.01 09/13/06 SHARPER IMAGE CORP DE 5.03,9.01 10/12/06 SHENANDOAH TELECOMMUNICATIONS CO/VA/ VA 8.01 10/16/06 SI INTERNATIONAL INC DE 7.01 10/06/06 AMEND Siam Imports, Inc. DE 3.03,5.03 10/17/06 SILICON GRAPHICS INC DE 8.01,9.01 10/17/06 SIMTROL INC DE 1.01,2.03 10/12/06 SLM Student Loan Trust 2006-9 DE 1.01,2.01,9.01 10/12/06 SMITH A O CORP DE 2.02,9.01 10/17/06 Sockeye Seafood Group Inc 4.01,9.01 08/04/06 AMEND SOLECTRON CORP DE 1.01 10/11/06 SOMERSET INTERNATIONAL GROUP,INC. DE 3.02 10/13/06 SONIC CORP DE 2.02,9.01 08/31/06 SOUTHWESTERN ENERGY CO AR 7.01 10/17/06 Standard Drilling, Inc. 1.01,9.01 10/12/06 Standard Drilling, Inc. 4.01,9.01 10/12/06 STANLEY FURNITURE CO INC. DE 2.02,9.01 10/16/06 STATE STREET CORP MA 2.02,9.01 10/17/06 STEAKHOUSE PARTNERS INC DE 1.01,9.01 10/11/06 STRATEGIC HOTELS & RESORTS, INC 9.01 08/03/06 AMEND STRUCTURED OBLIGATIONS CORP LONG TERM DE 8.01,9.01 10/16/06 STRUCTURED OBLIGATIONS CORP LONG TERM DE 8.01,9.01 10/16/06 STRUCTURED OBLIGATIONS CORP LONG TERM DE 8.01,9.01 10/16/06 STRUCTURED OBLIGATIONS CORP SELECT NO DE 8.01,9.01 10/16/06 STRUCTURED OBLIGATIONS CORP SELECT NO DE 8.01,9.01 10/16/06 STRUCTURED PRODUCTS CORP CORTS TRUST DE 8.01,9.01 10/06/06 STRYKER CORP MI 2.02,9.01 09/30/06 STUDIO ONE MEDIA, INC. DE 1.02 10/16/06 SUMMIT BANCSHARES INC /TX/ TX 2.02,7.01,9.01 10/16/06 SUNTRUST BANKS INC GA 2.02,7.01,9.01 10/17/06 SYNERGETICS USA INC DE 2.02,9.01 10/16/06 SYPRIS SOLUTIONS INC DE 2.02,7.01,9.01 10/17/06 TAKE TWO INTERACTIVE SOFTWARE INC DE 8.01 10/16/06 Tarpon Industries, Inc. MI 5.02,9.01 10/12/06 TAYLOR CAPITAL GROUP INC DE 2.02,9.01 10/17/06 TD BANKNORTH INC. DE 8.01,9.01 10/16/06 TECHNOLOGY FUNDING PARTNERS III L P DE 8.01 10/17/06 TECHNOLOGY FUNDING VENTURE PARTNERS I DE 8.01 10/17/06 TELESTONE TECHNOLOGIES CORP CO 8.01,9.01 10/17/06 TEREX CORP DE 8.01,9.01 10/17/06 TIB FINANCIAL CORP. FL 5.02,7.01,9.01 10/15/06 Titan Global Holdings, Inc. UT 5.02 10/11/06 TODD SHIPYARDS CORP WA 8.01 10/16/06 TODD SHIPYARDS CORP WA 8.01 10/17/06 TOREADOR RESOURCES CORP DE 7.01,9.01 10/17/06 TOTAL IDENTITY CORP FL 8.01,9.01 10/17/06 TOYS R US INC DE 1.01,1.02,8.01 10/16/06 TRANSATLANTIC HOLDINGS INC DE 5.02 10/17/06 TRIAD HOSPITALS INC DE 2.02,9.01 10/16/06 TRUSTCO BANK CORP N Y NY 2.02,9.01 09/30/06 TRUSTMARK CORP MS 2.02,9.01 09/30/06 TXP CORP NV 1.01,1.02,3.02,9.01 10/11/06 UNIT CORP DE 7.01,9.01 10/16/06 UNITED STATIONERS INC DE 2.05 10/11/06 UNITED TECHNOLOGIES CORP /DE/ DE 2.02,8.01,9.01 10/17/06 UNIVERSAL FOG INC 4.02 10/13/06 UNIVERSAL FOREST PRODUCTS INC MI 2.02,9.01 10/17/06 US BANCORP \DE\ DE 2.02,9.01 10/17/06 VENDINGDATA CORP NV 1.01 10/11/06 VIASPACE Inc. NV 5.03 10/12/06 VIASPACE Inc. NV 8.01,9.01 10/17/06 VICAL INC DE 1.01,9.01 10/13/06 VIRGINIA COMMERCE BANCORP INC 2.02,7.01,9.01 10/17/06 WACCAMAW BANKSHARES INC NC 2.02 10/17/06 WATAIRE INTERNATIONAL, INC. WA 8.01,9.01 10/17/06 WATERFORD GAMING LLC DE 8.01 10/17/06 WEBMETHODS INC DE 5.02 10/11/06 WEBSTER FINANCIAL CORP DE 2.02,9.01 10/17/06 WELLS FARGO & CO/MN DE 2.02,9.01 10/17/06 WILLIAM LYON HOMES DE 1.01,2.03,9.01 10/11/06 WINNEBAGO INDUSTRIES INC IA 1.01,9.01 10/11/06 WORLD ENERGY SOLUTIONS, INC. FL 1.01 09/30/06 WORLD FINANCIAL NETWORK CREDIT CARD M DE 8.01,9.01 10/16/06 XL CAPITAL LTD 8.01,9.01 10/17/06 XL Generation International Inc. NV 8.01 10/02/06 YAHOO INC DE 2.02,7.01,9.01 10/17/06 YUKON GOLD CORP INC DE 5.02 12/21/04 ZOLL MEDICAL CORP MA 8.01 10/11/06