73 FR 186 pgs. 55169-55174 - Emergency Order Pursuant to Section 12(K)(2) of the Securities Exchange Act of 1934 Taking Temporary Action To Respond to Market Developments
Type: NOTICEVolume: 73Number: 186Pages: 55169 - 55174
Docket number: [Release No. 58592 ]
FR document: [FR Doc. E8-22369 Filed 9-23-08; 8:45 am]
Agency: Securities and Exchange Commission
Official PDF Version: PDF Version
SECURITIES AND EXCHANGE COMMISSION
[Release No. 58592 ]
Emergency Order Pursuant to Section 12(K)(2) of the Securities Exchange Act of 1934 Taking Temporary Action To Respond to Market Developments
September 18, 2008.
The Commission is aware of the continued potential of sudden and excessive fluctuations of securities prices and disruption in the functioning of the securities markets that could threaten fair and orderly markets. In our recent publication of an emergency order under Section 12(k) of the Exchange Act (the "Act"),1for example, we were concerned about the possible unnecessary or artificial price movements based on unfounded rumors regarding the stability of financial institutions and other issuers exacerbated by "naked" short selling. Our concerns, however, are no longer limited to just the financial institutions that were the subject of the July Emergency Order. Recent market conditions have made us concerned that short selling in the securities of a wider range of financial institutions may be causing sudden and excessive fluctuations of the prices of such securities in such a manner so as to threaten fair and orderly markets.
Footnotes:
1 See Exchange Act Release No. 58166 (July 15, 2008). See also Exchange Act Release No. 58190 (July 18, 2008) ("Amended July Emergency Order"). See also Exchange Act Release No. 58572 (September 17, 2008).
Given the importance of confidence in our financial markets as a whole, we have become concerned about recent sudden declines in the prices of a wide range of securities. Such price declines can give rise to questions about the underlying financial condition of an issuer, which in turn can create a crisis of confidence, without a fundamental underlying basis. This crisis of confidence can impair the liquidity and ultimate viability of an issuer, with potentially broad market consequences. Our concerns are no longer limited to the financial institutions that were the subject of the July Emergency Order.
As a result of these recent developments, the Commission has concluded that there continues to exist the potential of sudden and excessive fluctuations of securities prices generally and disruption in the functioning of the securities markets that could threaten fair and orderly markets. Based on this conclusion, the Commission is exercising its powers under Section 12(k)(2) of the Act.2Pursuant to Section 12(k)(2), in appropriate circumstances the Commission may issue summarily an order to alter, supplement, suspend, or impose requirements or restrictions with respect to matters or actions subject to regulation by the Commission if the Commission determines such an order is necessary in the public interest and for the protection of investors to maintain or restore fair and orderly securities markets.
Footnotes:
2 This finding of an "emergency" is solely for purposes ofSection 12(k)(2) of the Exchange Act and is not intended to have any other effect or meaning or to confer any right or impose any obligation other than set forth in this Order.
In these unusual and extraordinary circumstances, we have concluded that, to prevent substantial disruption in the securities markets, temporarily prohibiting any person from effecting a short sale in the publicly traded securities of certain financial firms, which entities are identified in Appendix A ("Included Financial Firms"), is in the public interest and for the protection of investors to maintain or restore fair and orderly securities markets.
This emergency action should prevent short selling from being used to drive down the share prices of issuers even where there is no fundamental basis for a price decline other than general market conditions.
It is ordered that, pursuant to our Section 12(k)(2) powers, all persons are prohibited from short selling3any publicly traded securities of any Included Financial Firm.
Footnotes:
3 The definition of "short sale" shall be the same definitionused in Rule 200(a) of Regulation SHO and the requirements for marking orders "long" or "short" shall be the same as provided in Regulation SHO.
Similar to the Amended July Emergency Order, we are providing a limited exception for certain bona fide market makers. We believe this narrow exception is necessary because such market makers may need to facilitate customer orders in a fast moving market without possible delays associated with complying with the requirements of this Order.
It is therefore ordered that, pursuant to our Section 12(k)(2) powers, the following entities are excepted from the requirements of the Order: Registered market makers, block positioners, or other market makers obligated to quote in the over-the-counter market, in each case that are selling short a publicly traded security of an Included Financial Firm as part of bona fide market making in such security.
In addition, we are providing an exception to allow short sales that occur as a result of automatic exercise or assignment of an equity option held prior to effectiveness of this Order due to expiration of the option.
It is therefore ordered that, pursuant to our Section 12(k)(2) powers, the requirements of this Order shall not apply to any person that effects a short sale in any publicly traded security of any Included Financial Firm as a result of automatic exercise or assignment of an equity option held prior to effectiveness of this Order due to expiration of the option.
Finally, to facilitate the expiration of options on September 20th, options market makers are excepted from the requirements of this Order until 11:59 p.m. on September 19th when selling short as part of bona fide market making and hedging activities related directly to bona fide market making in derivatives on the publicly traded securities of any Included Financial Firm.
It is therefore ordered that, pursuant to our Section 12(k)(2) powers, the requirements of this Order shall not apply, until 11:59 p.m. on September 19, 2008, to any person that is a market maker that effects a short sale as part of a bona fide market making and hedging activity related directly to bona fide market making in derivatives on the publicly traded securities of any Included Financial Firm.
This Order shall be effective immediately and shall terminate at 11:59 p.m. EDT on October 2, 2008, unless further extended by the Commission.
By the Commission.
J. Lynn Taylor,
Assistant Secretary.
Appendix A
This list, prepared on a best efforts basis, includes banks, insurance companies, and securities firms identified by SICs 6000, 6011, 6020-22, 6025, 6030, 6035-36, 6111, 6140, 6144, 6200, 6210-11, 6231, 6282, 6305, 6310-11, 6320-21, 6324, 6330-31, 6350-51, 6360-61, 6712, and 6719.
AAMEATLANTIC AMERICAN CORP
AANBABIGAIL ADAMS NATL BANCORP INC
ABBCABINGTON BANCORP INC PA
ABCBAMERIS BANCORP
ABCWANCHOR BANCORP WISCONSIN INC
ABKAMBAC FINANCIAL GROUP INC
ABNJAMERICAN BANCORP OF NJ INC
ABVAALLIANCE BANKSHARES CORP
ACAPAMERICAN PHYSICIANS CAPITAL INC
ACBAAMERICAN COMMUNITY BNCSHRS INC
ACEACE LTD
ACFCATLANTIC COAST FED CORP
ACGLARCH CAPITAL GROUP LTD NEW
ADVNAADVANTA CORP
ADVNBADVANTA CORP
AEGAEGON N V
AELAMERICAN EQUITY INVT LIFE HLDG C
AETAETNA INC NEW
AFASTORIA FINANCIAL CORP
AFFMAFFIRMATIVE INSURANCE HLDGS INC
AFGAMERICAN FINANCIAL GROUP INC NEW
AFLA F L A C INC
AGIIARGO GROUP INTL HLDGS LTD
AGOASSURED GUARANTY LTD
AGPAMERIGROUP CORP
AGXARGAN INC
AHDATLAS PIPELINE HOLDINGS L P
AHLASPEN INSURANCE HOLDINGS LTD
AIBALLIED IRISH BANKS PLC
AIGAMERICAN INTERNATIONAL GROUP INC
AINVAPOLLO INVESTMENT CORP
AIZASSURANT INC
ALLALLSTATE CORP
ALLBALLIANCE BANCORP INC PA
ALNCALLIANCE FINANCIAL CORP NY
AMCPAMCOMP INC NEW
AMFIAMCORE FINANCIAL INC
AMGAFFILIATED MANAGERS GROUP INC
AMICAMERICAN INDEPENDENCE CORP
AMNBAMERICAN NATIONAL BANKSHARES INC
AMPAMERIPRISE FINANCIAL INC
AMPHAMERICAN PHYSICIANS SVC GROUP
AMRBAMERICAN RIVER BANKSHARES
AMSFAMERISAFE INC
AMTDT D AMERITRADE HOLDING CORP
ANATAMERICAN NATIONAL INS CO
ANNBANNAPOLIS BANCORP INC
AOCAON CORP
APABAPPALACHIAN BANCSHARES INC
AROWARROW FINANCIAL CORP
ASBIAMERIANA BANCORP
ASFIASTA FUNDING INC
ASFNATLANTIC SOUTHERN FINL GROUP INC
ASRVAMERISERV FINANCIAL INC
ATBCATLANTIC BANCGROUP INC
ATLOAMES NATL CORP
AUBNAUBURN NATIONAL BANCORP
AWBCAMERICAN WEST BANCORPORATION
AWHALLIED WORLD ASSUR CO HLDGS LTD
AXAA X A UAP
AXGATLAS ACQUISITION HOLDINGS CORP
AXSAXIS CAPITAL HOLDINGS LTD
BACBANK OF AMERICA CORP
BANFBANCFIRST CORP
BANRBANNER CORP
BARIBANCORP RHODE ISLAND INC
BAYNBAY NATIONAL CORP
BBNKBRIDGE CAPITAL HOLDINGS
BBTB B T CORP
BBXBANKATLANTIC BANCORP INC
BCACORPBANCA
BCARBANK OF THE CAROLINAS CORP
BCBPB C B BANCORP INC
BCPBROOKE CAPITAL CORP
BCSBARCLAYS PLC
BCSBB C S B BANCORP INC
BDGEBRIDGE BANCORP INC
BENFRANKLIN RESOURCES INC
BERKBERKSHIRE BANCORP INC DEL
BFFB F C FINANCIAL CORP
BFINBANKFINACIAL CORP
BFNBBEACH FIRST NATL BANCSHARES INC
BHBBAR HARBOR BANKSHARES
BHBCBEVERLY HILLS BANCORP INC
BHLBBERKSHIRE HILLS BANCORP INC
BKBANK OF NEW YORK MELLON CORP
BKBKBRITTON KOONTZ CAPITAL CORP
BKMUBANK MUTUAL CORP NEW
BKOROAK RIDGE FINANCIAL SERVICES INC
BKSCBANK SOUTH CAROLINA CORP
BKUNABANKUNITED FINANCIAL CORP
BLXBANCO LATINOAMERICANO DE EXP SA
BMRCBANK OF MARIN BANCORP
BMTCBRYN MAWR BANK CORP
BNCLBENEFICIAL MUTUAL BANCORP INC
BNCNB N C BANCORP
BNSBANK OF NOVA SCOTIA
BNVBEVERLY NATIONAL CORP
BOCHBANK OF COMMERCE HOLDINGS
BOFIB OF I HOLDING INC
BOFLBANK OF FLORIDA CORP NAPLES
BOHBANK OF HAWAII CORP
BOKFB O K FINANCIAL CORP
BOMKBANK MCKENNEY VA
BOVABANK OF VIRGINIA
BPFHBOSTON PRIVATE FINL HLDS INC
BPSGBROADPOINT SECURITIES GROUP INC
BRKBERKSHIRE HATHAWAY INC DEL
BRKBERKSHIRE HATHAWAY INC DEL
BRKLBROOKLINE BANCORP INC
BSRRSIERRA BANCORP
BTFGBANCTRUST FINANCIAL GROUP INC
BUSEFIRST BUSEY CORP
BWINABALDWIN LYONS INC
BWINBBALDWIN LYONS INC
BXBLACKSTONE GROUP L P
BXSBANCORPSOUTH INC
BYFCBROADWAY FINANCIAL CORP DEL
CCITIGROUP INC
CACCAMDEN NATIONAL CORP
CACBCASCADE BANCORP
CADECADENCE FINANCIAL CORP
CAFICAMCO FINANCIAL CORP
CAPBCAPITALSOUTH BANCORP
CAPECAPE FEAR BANK CORP
CARTCAROLINA TRUST BANK
CARVCARVER BANCORP INC
CASBCASCADE FINANCIAL CORP
CASHMETA FINANCIAL GROUP INC
CATYCATHAY GENERAL BANCORP
CBCHUBB CORP
CBANCOLONY BANKCORP INC
CBBOCOLUMBIA BANCORP ORE
CBCCAPITOL BANCORP LTD
CBINCOMMUNITY BANK SHRS INDIANA INC
CBKNCAPITAL BANK CORP NEW
CBNKCHICOPEE BANCORP INC
CBONCOMMUNITY BANCORP
CBUCOMMUNITY BANK SYSTEM INC
CCBDCOMMUNITY CENTRAL BANK CORP
CCBGCAPITAL CITY BANK GROUP
CCBPCOMM BANCORP INC
CCFHC C F HOLDING COMPANY
CCNEC N B FINANCIAL CORP PA
CCOWCAPITAL CORP OF THE WEST
CEBKCENTRAL BANCORP INC
CFBKCENTRAL FEDERAL CORP
CFFCCOMMUNITY FINANCIAL CORP
CFFIC F FINANCIAL CORP
CFFNCAPITOL FEDERAL FINANCIAL
CFNLCARDINAL FINANCIAL CORP
CFRCULLEN FROST BANKERS INC
CHCOCITY HOLDING CO
CHEVCHEVIOT FINANCIAL CORP
CHFCCHEMICAL FINANCIAL CORP
CIC I G N A CORP
CIACITIZENS INC
CINFCINCINNATI FINANCIAL CORP
CITZC F S BANCORP INC
CIZNCITIZENS HOLDING CO
CJBKCENTRAL JERSEY BANCORP
CLBHCAROLINA BANK HOLDINGS INC
CLFCCENTER FINANCIAL CORP
CLMSCALAMOS ASSET MANAGEMENT INC
CMACOMERICA INC
CMEC M E GROUP INC
CMFBCOMMERCEFIRST BANCORP INC
CMGIC M G I INC
CMSBC M S BANCORP INC
CNAC N A FINANCIAL CORP
CNAFCOMMERCIAL NATIONAL FINL CORP
CNBCOLONIAL BANCGROUP INC
CNBCCENTER BANCORP INC
CNBKACENTURY BANCORP INC
CNCCENTENE CORP DEL
CNLACOMMUNITY NATL BANK LAKEWAY AREA
CNOCONSECO INC
CNSCOHEN STEERS INC
COBHPENNSYLVANIA COMMERCE BANCORP IN
COBZCOBIZ FINANCIAL INC
COLBCOLUMBIA BANKING SYSTEM INC
COOPCOOPERATIVE BANCSHARES INC
CORSCORUS BANKSHARES INC
COWNCOWEN GROUP INC
CPBCCOMMUNITY PARTNERS BANCORP
CPBKCOMMUNITY CAPITAL CORP
CPFCENTRAL PACIFIC FINANCIAL CORP
CPHLCASTLEPOINT HOLDINGS LTD
CRBCCITIZENS REPUBLIC BANCORP INC
CRFNCRESCENT FINANCIAL CORP
CRMHC R M HOLDINGS LTD
CRRBCARROLLTON BANCORP
CRVLCORVEL CORP
CSBCCITIZENS SOUTH BANKING CORP DEL
CSBKCLIFTON SAVINGS BANCORP INC
CSFLCENTERSTATE BANKS OF FLORIDA INC
CSHBCOMMUNITY SHORES BANK CORP
CSNTCRESCENT BANKING CO
CTBCCONNECTICUT BANK TRUST CO
CTBICOMMUNITY TRUST BANCORP INC
CTBKCITYBANK LYNNWOOD WASHINGTON
CTZNCITIZENS FIRST BANCORP INC
CVBFC V B FINANCIAL CORP
CVBKCENTRAL VIRGINIA BANKSHARES INC
CVCYCENTRAL VALLEY COMM BANCORP
CVHCOVENTRY HEALTH CARE INC
CVLLCOMMUNITY VALLEY BANCORP
CVLYCODORUS VALLEY BANCORP INC
CWBCCOMMUNITY WEST BANCSHARES
CWBSCOMMONWEALTH BANKSHARES INC
CWLZCOWLITZ BANCORPORATION
CZFCCITIZENS FIRST CORP
CZWICITIZENS CMNTY BANCORP INC MD
DBDEUTSCHE BANK AG
DCOMDIME COMMUNITY BANCSHARES
DEARDEARBORN BANCORP INC
DFGDELPHI FINANCIAL GROUP INC
DGICADONEGAL GROUP INC
DGICBDONEGAL GROUP INC
DHILDIAMOND HILL INVESTMENT GRP INC
DLLRDOLLAR FINANCIAL CORP
DRDARWIN PROFESSIONAL UNDERWRITERS
DSLDOWNEY FINANCIAL CORP
DUFDUFF PHELPS CORP NEW
EBSBMERIDIAN INTERSTATE BANCORP INC
EBTXENCORE BANCSHRES INC
ECBEE C B BANCORP INC
EGBNEAGLE BANCORP INC
EIHIEASTERN INSURANCE HOLDINGS INC
EIIENERGY INFRASTRUCTURE ACQUI CORP
EMCIE M C INSURANCE GROUP INC
EMITFELBIT IMAGING LTD
ENHENDURANCE SPECIALTY HOLDINGS LTD
ESBFE S B FINANCIAL CORP
ESBKELMIRA SAVINGS BANK FSB NY
ESGRENSTAR GROUP LTD
ETFCE TRADE FINANCIAL CORP
EVEATON VANCE CORP
EVBNEVANS BANCORP INC
EVBSEASTERN VIRGINIA BANKSHARES INC
EVREVERCORE PARTNERS INC
EWBCEAST WEST BANCORP INC
FABKFIRST ADVANTAGE BANCORP
FACFIRST ACCEPTANCE CORP
FAFFIRST AMERICAN CORP CALIF
FBCFLAGSTAR BANCORP INC
FBCMF B R CAPITAL MARKETS CORP
FBIZFIRST BUSINESS FINL SVCS INC
FBMIFIRSTBANK CORP
FBMSFIRST BANCSHARES INC MS
FBNCFIRST BANCORP NC
FBPFIRST BANCORP P R
FBSIFIRST BANCSHARES INC MO
FBSSFAUQUIER BANKSHARES INC
FBTCFIRST BANCTRUST
FCALFIRST CALIFORNIA FINL GROUP INC
FCAPFIRST CAPITAL INC
FCBCFIRST COMMUNITY BANCSHARES INC
FCCOFIRST COMMUNITY CORP SC
FCCY1ST CONSTITUTION BANCORP
FCFLFIRST COMMUNITY BANK CORP AMER
FCNCAFIRST CITIZENS BANCSHARES INC NC
FCVAFIRST CAPITAL BANCORP INC VA
FCZAFIRST CITIZENS BANC CORP
FDEFFIRST DEFIANCE FINANCIAL CORP
FDTFEDERAL TRUST CORP
FEDFIRSTFED FINANCIAL CORP
FFBCFIRST FINANCIAL BANCORP OHIO
FFBHFIRST FEDERAL BANCSHARES ARK INC
FFCHFIRST FINANCIAL HOLDINGS INC
FFCOFEDFIRST FINANCIAL CORP
FFDFF F D FINANCIAL CORP
FFFDNORTH CENTRAL BANCSHARES INC
FFGF B L FINANCIAL GROUP INC
FFHFAIRFAX FINL HOLDINGS LTD
FFHSFIRST FRANKLIN CORP
FFICFLUSHING FINANCIAL CORP
FFINFIRST FINANCIAL BANKSHARES INC
FFKTFARMERS CAPITAL BANK CORP
FFKYFIRST FINANCIAL SERVICE CORP
FFNMFIRST FED NORTHN MI BANCORP INC
FFNWFIRST FINANCIAL NORTHWEST INC
FFSXFIRST FEDERAL BANKSHARES INC DEL
FHNFIRST HORIZON NATIONAL CORP
FIFG1ST INDEPENDENCE FNL GROUP INC
FIGFORTRESS INVESTMENT GROUP L L C
FIIFEDERATED INVESTORS INC PA
FISIFINANCIAL INSTITUTIONS INC
FKFSFIRST KEYSTONE FINANCIAL INC
FLICFIRST LONG ISLAND CORP
FMARFIRST MARINER BANCORP
FMBIFIRST MIDWEST BANCORP DE
FMERFIRSTMERIT CORP
FMFCFIRST M F CORP
FNBF N B CORP PA
FNBNF N B UNITED CORP
FNFGFIRST NIAGARA FINL GROUP INC NEW
FNLCFIRST BANCORP INC ME
FNMFEDERAL NATIONAL MORTGAGE ASSN
FNSCFIRST NATIONAL BANCSHARES INC SC
FPBIF P B BANCORP INC
FPBN1ST PACIFIC BANCORP CA
FPFCFIRST PLACE FINANCIAL CORP NM
FPICF P I C INSURANCE GROUP INC
FPTBFIRST PACTRUST BANCORP INC
FRBKREPUBLIC FIRST BANCORP INC
FREFEDERAL HOME LOAN MORTGAGE CORP
FRGBFIRST REGIONAL BANCORP
FRMEFIRST MERCHANTS CORP
FSBIFIDELITY BANCORP INC
FSBKFIRST SOUTH BANCORP INC
FSGIFIRST SECURITY GROUP INC
FSNMFIRST STATE BANCORPORATION
FTBKFRONTIER FINANCIAL CORP
FULTFULTON FINANCIAL CORP PA
FUNCFIRST UNITED CORP
FWVFIRST WEST VIRGINIA BANCORP INC
FXCBFOX CHASE BANCORP INC
GABCGERMAN AMERICAN BANCORP INC
GANGAINSCO INC
GBCIGLACIER BANCORP INC NEW
GBHGREEN BUILDERS INC
GBLGAMCO INVESTORS INC
GBNKGUARANTY BANCORP
GBTSGATEWAY FINANCIAL HLDGS INC
GCAGLOBAL CASH ACCESS HOLDINGS INC
GFEDGUARANTY FEDERAL BANCSHARES INC
GFIGG F I GROUP INC
GFLBGREAT FLORIDA BANK
GGALGRUPO FINANCIERO GALICIA S A
GHLGREENHILL CO INC
GIWWILBER CORP
GLBZGLEN BURNIE BANCORP
GLREGREENLIGHT CAPITAL RE LTD
GNWGENWORTH FINANCIAL INC
GOVGOUVERNEUR BANCORP INC
GRANBANK GRANITE CORP
GRNBGREEN BANKSHARES INC
GROWU S GLOBAL INVESTORS INC
GSGOLDMAN SACHS GROUP INC
GSBCGREAT SOUTHERN BANCORP INC
GSLAG S FINANCIAL CORP
GTSTRIPLE S MANAGEMENT CORP
HABCHABERSHAM BANCORP INC
HAFCHANMI FINANCIAL CORP
HALLHALLMARK FINANCIAL SERVICES INC
HARLHARLEYSVILLE SAVINGS FINAN CORP
HAXSHEALTHAXIS INC
HBANHUNTINGTON BANCSHARES INC
HBHCHANCOCK HOLDING CO
HBNKHAMPDEN BANCORP INC
HBOSHERITAGE FINANCIAL GROUP
HCBKHUDSON CITY BANCORP INC
HCCH C C INSURANCE HOLDINGS INC
HEOPHERITAGE OAKS BANCORP
HFBCHOPFED BANCORP INC
HFFCH F FINANCIAL CORP
HFWAHERITAGE FINANCIAL CORP WA
HGICHARLEYSVILLE GROUP INC
HIFSHINGHAM INSTITUTION FOR SVGS MA
HMNHORACE MANN EDUCATORS CORP NEW
HMNFH M N FINANCIAL INC
HMPRHAMPTON ROADS BANKSHARES INC
HNBCHARLEYSVILLE NATIONAL CORP PA
HNTHEALTH NET INC
HOMBHOME BANCSHARES INC
HOMEHOME FEDERAL BANCORP INC MD
HRZBHORIZON FINANCIAL CORP WASH
HSHEALTHSPRING INC
HTBKHERITAGE COMMERCE CORP
HTHHILLTOP HOLDINGS INC
HTLFHEARTLAND FINANCIAL USA INC
HUMHUMANA INC
HWBKHAWTHORN BANCSHARES INC
HWFGHARRINGTON WEST FINANCIAL GRP IN
IAACINTERNATIONAL ASSETS HLDG CORP
IBCAINTERVEST BANCSHARES CORP
IBCPINDEPENDENT BANK CORP MICH
IBKCIBERIABANK CORP
IBKRINTERACTIVE BROKERS GROUP INC
IBNKINTEGRA BANK CORP
IBOCINTERNATIONAL BANCSHARES CORP
ICEINTERCONTINENTAL EXCHANGE INC
ICHINVESTORS CAPITAL HOLDINGS LTD
IFCIRWIN FINANCIAL CORP
IFSBINDEPENDENCE FEDERAL SAVINGS BK
IHCINDEPENDENCE HOLDING CO NEW
IMPIMPERIAL CAPITAL BANCORP INC
INCBINDIANA COMMUNITY BANCORP
INDBINDEPENDENT BANK CORP MA
INGI N G GROUP N V
IPCCINFINITY PROPERTY CASUALTY COR
IPCRI P C HOLDINGS LTD
IREIRELAND BANK
ITCI T C HOLDINGS CORP
ITGINVESTMENT TECHNOLOGY GP INC NEW
ITICINVESTORS TITLE CO
JAXBJACKSONVILLE BANCORP INC FL
JEFJEFFERIES GROUP INC NEW
JFBCJEFFERSONVILLE BANCORP
JFBIJEFFERSON BANCSHARES INC TENN
JLIJESUP LAMONT INC
JMPJ M P GROUP INC
JNSJANUS CAP GROUP INC
JPMJPMORGAN CHASE CO
JXSBJACKSONVILLE BANCORP INC
KCLIKANSAS CITY LIFE INS CO
KENTKENT FINANCIAL SERVICES INC
KEYKEYCORP NEW
KFEDK FED BANCORP
KFFBKENTUCKY FIRST FEDERAL BANCORP
KFSKINGSWAY FINANCIAL SERVICES INC
KRNYKEARNY FINANCIAL CORP
LLOEWS CORP
LABLABRANCHE CO INC
LABCLOUISIANA BANCORP INC
LARKLANDMARK BANCORP INC
LAZLAZARD LTD
LBBBLIBERTY BELL BK CHERRY HILL NJ
LBCPLIBERTY BANCORP INC MO
LEGCLEGACY BANCORP INC
LEHLEHMAN BROTHERS HOLDINGS INC
LFCCHINA LIFE INSURANCE CO LTD
LIONFIDELITY SOUTHERN CORP NEW
LKFNLAKELAND FINANCIAL CORP
LNCLINCOLN NATIONAL CORP IN
LNCBLINCOLN BANCORP IND
LPSBLAPORTE BANCORP INC
LSBIL S B FINANCIAL CORP
LSBKLAKE SHORE BANCORP INC
LSBXL S B CORP
LTSLADENBURG THALMANN FIN SVCS INC
LUKLEUCADIA NATIONAL CORP
LYGLLOYDS TSB GROUP PLC
MAINMAIN STREET CAPITAL CORP
MASBMASSBANK CORP
MBFIM B FINANCIAL INC NEW
MBHIMIDWEST BANC HOLDINGS INC
MBIM B I A INC
MBPMID PENN BANCORP INC
MBRMERCANTILE BANCORP INC
MBRGMIDDLEBURG FINANCIAL CORP
MBTFM B T FINANCIAL CORP
MBVAMILLENNIUM BANKSHARES CORP
MBVTMERCHANTS BANCSHARES INC
MBWMMERCANTILE BANK CORP
MCBFMONARCH COMMUNITY BANCORP INC
MCBIMETROCORP BANCSHARES INC
MCGCM C G CAPITAL CORP
MCYMERCURY GENERAL CORP NEW
MERMERRILL LYNCH CO INC
MERRMERRIMAN CURHAN FORD GROUP INC
MFM F GLOBAL LTD
MFCMANULIFE FINANCIAL CORP
MFLRMAYFLOWER BANCORP INC
MFNCMACKINAC FINANCIAL CORP
MFSFMUTUALFIRST FINL INC
MGYRMAGYAR BANCORP INC
MHLDMAIDEN HOLDNGS LTD
MIMARSHALL ILSLEY CORP NEW
MIGMEADOWBROOK INSURANCE GROUP INC
MIGPMERCER INSURANCE GROUP INC
MKLMARKEL CORP
MKTXMARKETAXESS HLDGS INC
MNRKMONARCH FINANCIAL HOLDINGS INC
MOFGMIDWESTONE FINANCIAL GRP INC NEW
MOHMOLINA HEALTHCARE INC
MORNMORNINGSTAR INC
MRHMONTPELIER RES HOLDINGS LTD
MROEMONROE BANCORP
MSMORGAN STANLEY DEAN WITTER CO
MSBFM S B FINANCIAL CORP
MSFGMAINSOURCE FINANCIAL GROUP INC
MSLMIDSOUTH BANCORP INC
MTGM G I C INVESTMENT CORP WIS
MTUMITSUBISHI UFJ FINANCIAL GP INC
MXGLMAX CAPITAL GROUP LTD
NAHCNATIONAL ATLANTIC HOLDINGS CORP
NALNEWALLIANCE BANCSHARES INC
NARANARA BANCORP INC
NATLNATIONAL INTERSTATE CORP
NAVGNAVIGATORS GROUP INC
NBBCNEWBRIDGE BANCORP
NBNNORTHEAST BANCORP
NBTBN B T BANCORP INC
NBTFN B T FINANCIAL GROUP INC
NCBCNEW CENTURY BANCORP INC NC
NCCNATIONAL CITY CORP
NDAQNASDAQ O M X GROUP INC
NEBSNEW ENGLAND BANCSHARES INC
NECBNORTHEAST COMMUNITY BANCORP INC
NEWTNEWTEK BUSINESS SVCS INC
NFBKNORTHFIELD BANCORP INC
NFSNATIONWIDE FINANCIAL SERVICES IN
NFSBNEWPORT BANCORP INC
NHTBNEW HAMPSHIRE THRIFT BNCSHRS INC
NICKNICHOLAS FINANCIAL INC
NITEKNIGHT CAPITAL GROUP INC
NKSHNATIONAL BANKSHARES INC
NMRNOMURA HOLDINGS INC
NMXNYMEX HOLDINGS INC
NOVBNORTH VALLEY BANCORP
NPBCNATIONAL PENN BANCSHARES INC
NRIMNORTHRIM BANCORP INC
NSECNATIONAL SECURITY GROUP INC
NSFCNORTHERN STATES FINANCIAL CORP
NSHNUSTAR G P HOLDINGS LLC
NTQN T R ACQUISITION CO
NTRSNORTHERN TRUST CORP
NVSLNAUGATUCK VLY FINANCIAL CORP
NWFLNORWOOD FINANCIAL CORP
NWLIANATIONAL WESTERN LIFE INS CO
NWSBNORTHWEST BANCORP INC PA
NXTYNEXITY FINANCIAL CORP
NYBNEW YORK COMMUNITY BANCORP INC
NYMN Y M A G I C INC
NYXN Y S E EURONEXT
OCFCOCEANFIRST FINANCIAL CORP
OFGORIENTAL FINANCIAL GROUP INC
OKSBSOUTHWEST BANCORP INC OKLA
OLBKOLD LINE BANCSHARES
OLCBOHIO LEGACY CORP
ONBOLD NATIONAL BANCORP
ONFCONEIDA FINANCIAL CORP
OPHCOPTIMUMBANK HOLDINGS INC
OPOFOLD POINT FINL CORP
OPYOPPENHEIMER HOLDINGS INC
ORHODYSSEY RE HOLDINGS CORP
ORIOLD REPUBLIC INTERNATIONAL CORP
ORITORITANI FINANCIAL CORP
OSBCOLD SECOND BANCORP INC
OSBKOSAGE BANCSHARES INC
OSHCOCEAN SHORE HOLDING CO
OVBCOHIO VALLEY BANC CORP
OXPSOPTIONSXPRESS HOLDINGS INC
OZMOCH ZIFF CAPITAL MANGMNT GRP LLC
OZRKBANK OF THE OZARKS INC
PABKP A B BANKSHARES INC
PACWPACWEST BANCORP DE
PBCIPAMRAPO BANCORP INC
PBCTPEOPLES UNITED FINANCIAL INC
PBHCPATHFINDER BANCORP INC
PBIBPORTER BANCORP INC
PBIPPRUDENTIAL BANCORP INC PA
PBKSPROVIDENT BANKSHARES CORP
PBNYPROVIDENT NEW YORK BANCORP
PCBCPACIFIC CAPITAL BANCORP NEW
PCBIPEOPLES COMMUNITY BANCORP INC
PCBKPACIFIC CONTINENTAL CORP
PCBSPROVIDENT COMMUNITY BANCSHRS INC
PEBKPEOPLES BANCORP NC INC
PEBOPEOPLES BANCORP INC
PFBCPREFERRED BANK LOS ANGELES
PFBIPREMIER FINANCIAL BANCORP INC
PFBXPEOPLES FINANCIAL CORP
PFEDPARK BANCORP INC
PFGPRINCIPAL FINANCIAL GROUP INC
PFSPROVIDENT FINANCIAL SVCS INC
PGRPROGRESSIVE CORP OH
PHLYPHILADELPHIA CONSOLIDATED HLG CO
PICOP I C O HOLDINGS INC
PJCPIPER JAFFRAY COMPANIES
PKBKPARKE BANCORP INC
PLPROTECTIVE LIFE CORP
PLCCPAULSON CAPITAL CORP
PLFEPRESIDENTIAL LIFE CORP
PMACAP M A CAPITAL CORP
PMBCPACIFIC MERCANTILE BANCORP
PMIP M I GROUP INC
PNBCPRINCETON NATIONAL BANCORP INC
PNBKPATRIOT NATIONAL BANCORP INC
PNCP N C FINANCIAL SERVICES GRP INC
PNFPPINNACLE FINANCIAL PARTNERS INC
PNSNPENSON WORLDWIDE INC
PNXPHOENIX COS INC
PPBIPACIFIC PREMIER BANCORP INC
PRAPROASSURANCE CORP
PREPARTNERRE LTD
PRKPARK NATIONAL CORP
PROSPROCENTURY CORP
PROVPROVIDENT FINANCIAL HOLDINGS INC
PRSPPROSPERITY BANCSHARES INC
PRUPRUDENTIAL FINANCIAL INC
PRWTPREMIERWEST BANCORP
PSBCPACIFIC STATE BANCORP
PSBHPSB HOLDINGS INC
PSECPROSPECT CAPITAL CORP
PTAPENN TREATY AMERICAN CORP
PTPPLATINUM UNDERWRITERS HLDGS LTD
PUKPRUDENTIAL PLC
PULBPULASKI FINANCIAL CORP
PVFCP V F CAPITAL CORP
PVSAPARKVALE FINANCIAL CORP
PVTBPRIVATEBANCORP INC
PWODPENNS WOODS BANCORP INC
PZNPZENA INVESTMENT MANAGEMENT INC
QCRHQ C R HOLDINGS INC
QNTAQUANTA CAPITAL HOLDINGS LTD
RAMRR A M HOLDINGS LTD
RBCAAREPUBLIC BANCORP INC KY
RBNFRURBAN FINANCIAL CORP
RBPAAROYAL BANCSHARES PA INC
RBSROYAL BANK SCOTLAND GROUP PLC
RCBKRIVER CITY BANK
RCKBROCKVILLE FINANCIAL INC
RDNRADIAN GROUP INC
REEVEREST RE GROUP LTD
RFREGIONS FINANCIAL CORP NEW
RGAREINSURANCE GROUP OF AMERICA INC
RIVRRIVER VALLEY BANCORP
RJFRAYMOND JAMES FINANCIAL INC
RKHREGIONAL BANK HOLDRS TRUST
RLIR L I CORP
RNRRENAISSANCERE HOLDINGS LTD
RNSTRENASANT CORP
RODMRODMAN RENSHAW CAP GRP INC NEW
ROMAROMA FINANCIAL CORP
ROMEROME BANCORP INC
RPFGRAINIER PACIFIC FINL GROUP INC
RVSBRIVERVIEW BANCORP INC
RYROYAL BANK CANADA MONTREAL QUE
SAFSAFECO CORP
SAFTSAFETY INSURANCE GROUP INC
SALSALISBURY BANCORP INC
SAMBSUN AMERICAN BANCORP
SASRSANDY SPRING BANCORP INC
SAVBSAVANNAH BANCORP INC
SBBXSUSSEX BANCORP
SBCFSEACOAST BANKING CORP FLA
SBIBSTERLING BANCSHARES INC
SBKCSECURITY BANK CORP
SBNYSIGNATURE BANK NEW YORK N Y
SBPSANTANDER BANCORP
SBSISOUTHSIDE BANCSHARES INC
SCASECURITY CAPITAL ASSURANCE LTD
SCBCOMMUNITY BANKSHARES INC S C
SCBTS C B T FINANCIAL CORP
SCHWSCHWAB CHARLES CORP NEW
SCMFSOUTHERN COMMUNITY FINCL CORP
SEABSEABRIGHT INSURANCE HOLDINGS INC
SFSTIFEL FINANCIAL CORP
SFGSTANCORP FINANCIAL GROUP INC
SFNCSIMMONS 1ST NATIONAL CORP
SFSTSOUTHERN FIRST BANCSHARES INC
SGBSOUTHWEST GEORGIA FINANCIAL CORP
SHGSHINHAN FINANCIAL GROUP CO LTD
SIEBSIEBERT FINANCIAL CORP
SIFISI FINANCIAL GROUP INC
SIGISELECTIVE INSURANCE GROUP INC
SIVBS V B FINANCIAL GROUP
SLFSUN LIFE FINANCIAL INC
SLMS L M CORP
SMBCSOUTHERN MISSOURI BANCORP INC
SMCGMILLENNIUM INDIA ACQUISIT CO INC
SMHGSANDERS MORRIS HARRIS GROUP INC
SMMFSUMMIT FINANCIAL GROUP INC
SMTBSMITHTOWN BANCORP INC
SNBCSUN BANCORP INC
SNVSYNOVUS FINANCIAL CORP
SOCBSOUTHCOAST FINANCIAL CORP
SOMHSOMERSET HILLS BANCORP
SONASOUTHERN NATIONAL BANCORP VA INC
SOVSOVEREIGN BANCORP INC
SRCE1ST SOURCE CORP
SSBISUMMIT STATE BANK
SSBXSILVER STATE BANCORP
SSFNSTEWARDSHIP FINANCIAL CORP
STBAS T BANCORP INC
STBCSTATE BANCORP INC NY
STBKSTERLING BANKS INC
STELSTELLARONE CORP
STFCSTATE AUTO FINANCIAL CORP
STISUNTRUST BANKS INC
STLSTERLING BANCORP
STSASTERLING FINANCIAL CORP WASH
STTSTATE STREET CORP
STUSTUDENT LOAN CORP
SUAISPECIALTY UNDERWRITERS ALL INC
SUBKSUFFOLK BANCORP
SUFBSUFFOLK FIRST BANK VA
SUPRSUPERIOR BANCORP
SURC N A SURETY CORP
SUSQSUSQUEHANNA BANCSHARES INC PA
SVBISEVERN BANCORP INC MD
SWSS W S GROUP INC
SYBTS Y BANCORP INC
TAMBTAMALPAIS BANCORP
TAQTRANSFORMA ACQUISITION GROUP INC
TAYCTAYLOR CAPITAL GROUP INC
TBBKBANCORP INC
TBHSBANK HOLDINGS THE
TCBT C F FINANCIAL CORP
TCBITEXAS CAPITAL BANCSHARES INC
TCBKTRICO BANCSHARES
TCH21ST CENTURY HOLDING CO
TDBKTIDELANDS BANCSHARES INC
TFINTEAM FINANCIAL INC
TFSLTFS FINANCIAL CORP
TGICTRIAD GUARANTY INC
THFFFIRST FINANCIAL CORP IN
THGHANOVER INSURANCE GROUP INC
THRDT F FINANCIAL CORP
TIBBT I B FINANCIAL CORP
TILTRANS INDIA ACQUISITION CORP
TMCVTEMECULA VALLEY BANCORP INC
TMKTORCHMARK CORP
TMPTOMPKINS FINANCIAL CORP
TNCCTENNESSEE COMMERCE BANCORP INC
TOFCTOWER FINANCIAL CORP
TONETIERONE CORP
TOWNTOWNEBANK
TRHTRANSATLANTIC HOLDINGS INC
TROWT ROWE PRICE GROUP INC
TRSTTRUSTCO BANK CORP NY
TRUECENTRUE FINANCIAL CORP NEW
TRVTRAVELERS COMPANIES INC
TSBKTIMBERLAND BANCORP INC
TSFGSOUTH FINL GROUP INC
TSHTECHE HOLDING CO
TWGPTOWER GROUP INC
TWPGTHOMAS WEISEL PARTNERS GROUP INC
UAMUNIVERSAL AMERICAN CORP
UBUNIONBANCAL CORP
UBCPUNITED BANCORP INC
UBFOUNITED SECURITY BANKSHARES
UBNKUNITED FINANCIAL BANCORP INC MD
UBOHUNITED BANCSHARES INC
UBSU B S AG
UBSHUNION BANKSHARES CORP
UBSIUNITED BANKSHARES INC
UCBAUNITED COMMUNITY BANCORP
UCBHU C B H HOLDINGS INC
UCBIUNITED COMMUNITY BANKS INC GA
UCFCUNITED COMMUNITY FINL CORP OHIO
UFCSUNITED FIRE CAS CO
UMBFU M B FINANCIAL CORP
UMPQUMPQUA HOLDINGS CORP
UNAMUNICO AMERICAN CORP
UNBUNION BANKSHARES INC
UNHUNITEDHEALTH GROUP INC
UNIBUNIVERSITY BANCORP INC
UNMUNUM GROUP
UNTYUNITY BANCORP INC
USBU S BANCORP DEL
USBIUNITED SECURITY BANCSHARES INC
UTRUNITRIN INC
UVSPUNIVEST CORP OF PENNSYLVANIA
UWBKUNITED WESTERN BANCORP INC
VBFCVILLAGE BANK AND TRUST FINL CORP
VCBIVIRGINIA COMMERCE BANCORP
VISTV I S T FINACIAL CORP
VLYVALLEY NATIONAL BANCORP
VNBCVINEYARD NATIONAL BANCORP
VPFGVIEWPOINT FINANCIAL GROUP
VRVALIDUS HOLDINGS LTD
VSBNV S B BANCORP INC NY
VYFCVALLEY FINANCIAL CORP VA
WABCWESTAMERICA BANCORPORATION
WAINWAINWRIGHT BANK TRUST CO BOSTN
WALWESTERN ALLIANCE BANCORPORATION
WASHWASHINGTON TRUST BANCORP INC
WAUWWAUWATOSA HOLDINGS INC
WAYNWAYNE SAVINGS BANCSHARES INC NEW
WBWACHOVIA CORP 2ND NEW
WBCOWASHINGTON BANKING COMPANY
WBNKWACCAMAW BANKSHARES INC
WBSWEBSTER FINL CORP WATERBURY CONN
WCBOWEST COAST BANCORP ORE NEW
WCGWELLCARE HEALTH PLANS INC
WDRWADDELL REED FINANCIAL INC
WFBCWILLOW FINANCIAL BANCORP INC
WFCWELLS FARGO CO NEW
WFDWESTFIELD FINANCIAL INC
WFSLWASHINGTON FEDERAL INC
WGNBW G N B CORP
WHGWESTWOOD HOLDINGS GROUP INC
WHIW HOLDING CO INC
WIBCWILSHIRE BANCORP INC
WLWILMINGTON TRUST CORP
WLPWELLPOINT INC
WMWASHINGTON MUTUAL INC
WPLSTEWART W P CO LTD
WRBBERKLEY W R CORP
WSBW S B HOLDINGS INC
WSBCWESBANCO INC
WSFGW S B FINANCIAL GROUP
WSFSWSFS FINANCIAL CORP
WTBAWEST BANCORPORATION INC
WTFCWINTRUST FINANCIAL CORPORATION
WTMWHITE MOUNTAINS INS GROUP INC
WTNYWHITNEY HOLDING CORP
WVFCWVS FINANCIAL CORP
XLX L CAPITAL LTD
YALLEGHANY CORP DE
YAVYYADKIN VALLEY FINANCIAL CORP
ZIONZIONS BANCORP
ZNTZENITH NATIONAL INSURANCE CORP
[FR Doc. E8-22369 Filed 9-23-08; 8:45 am]
BILLING CODE 8010-01-P