SEC News Digest, September 8, 2000 · 2008. 2. 12. · SECNEWS DIGEST Issue 2000-173 September 2000 COMMISSION ANNOUNCEMENTS PERIOD FOR ABROGATION OF CBOE FILING EXPIRES On September

SEC NEWS DIGEST

Issue 2000-173 September 2000

COMMISSION ANNOUNCEMENTS

PERIOD FOR ABROGATION OF CBOE FILING EXPIRES

On September the Commission announced that it would take no action to abrogate

proposed fee rule submitted this past July by the Chicago Board Options Exchange

CBOE Under the rule the CBOE collects fees from market makers and specialists

based on transactions occurring on the floor Then the CBOE transmits the collected

funds to its specialistswho use the funds to make marketing payments including

payments to attract order flow Since the CBOE filing the American Stock Exchange

and the Philadelphia Stock Exchange have submitted similarproposed rule changes and

the Commission expects that the Pacific Stock Exchange will do so shortly

Under Section 19b3 of the Securities Exchange Act of 1934 fee filings are effective

immediately upon filing with the Commission The Commission however retains

discretionary right for 60 days to abrogate the filing and require the SRO to re-file for

approval before the fee can be charged Because no action has been taken the proposed

CBOErule will remain in effect as filed

The Commission typically does not comment when the period for abrogation expires

Considering the current public debate over the CBOEs rule however the Commission

believes it would be useful to the public to do so

The core objections to the CBOE rule that have been expressed to the Commission are

that payment for order flow that is funded through SRO-mandated fees is more

problematic than other currently existing order flow payment arrangements the

proposed fees amount to tax on market makers that will raise their cost of doing

business and limit or eliminate their ability to improve existing quotes and

implementation of the CBOE rule would force remaining markets to follow suit leading

to proliferation of payment for order flow arrangements possibly resulting in increased

spreads in all markets As such pponents have urged the Commission to abrogate the

proposed rule

The Commission does not believe abrogation of the rule would serve the public interest

In short abrogation of the CBOEs rule would interfere with one markets response to

the dynamic order flow patterns without addressing other forms of payment for order

flow and internalization in the options markets

Under current circumstances direct limitations on any one or even all forms of

payment for order flow would most likely not address the Commissions continuing

concerns with internalization in the options markets Experience with these practices in

the equities markets has made clear that numerous and various forms of reciprocal and

other arrangements have developed Restrictions on one practice may simply lead to the

growth of other less transparent forms Greater public disclosure of brokers order

routing decisions -- including description of payment for order flow and internalization

arrangements between brokers and market centers -- in conjunction with decimal pricing

have the potential to fuel greater price competition in the equities and options markets

Greater scrutiny of brokers best execution will help ensure that the benefits of this

competition are garnered by investors

The Commissions Office of Economic Analysis together with the Office of

Compliance Inspections and Examinations is currently conducting comprehensive

study of the development of payment for order flow and internalization in the options

markets and any changes in market quality since multiple listings The study will assist

the Commission in determining whether regulatory action is needed to strengthen price

competition and order interaction in the options markets The study will be completed

and made public this November

Background

U.S options markets are in the midst of profound and dynamic structural change Well-

funded new market entrants are committing enormous capital to secure footholds in the

options industry of the future Established institutions are forming alliances aimed at

preserving or enhancing their competitive positions

More and more of the specialist firms are maintaining presence on most or all options

exchanges each striving to become one-stop destinations for order flow providers

Trends toward consolidation and continued competition between specialist firms and

options exchanges for brand name recognition will most likely remain strong

Heightened competition among markets and market participants for order flow and the

shifting order flow patterns it produces shows no signs of abating Payment for order

flow in the options markets has emerged as feature of this multi-faceted competition

for market share

While these developments continue to unfold options exchanges are formulating

responses based on their particular market characteristics Among other things the

CBOEs approach is an outgrowth of its strategic commitment to sustaining multiple

market makers in its trading pits

In particular the CBOEhas imposed relatively restrictive percentage limitations on its

specialists which cap the specialists share of order flow One effect of these limitations

NEWS DIGEST September 2000

is that CBOE specialistshave smaller pooi of funds relative to their competitors on

other exchanges available for payment for order flow As such the CBOE perceives

competitive need to tap the resources of the crowd in order to create competitive pool

for payments The CBOEs proposal is an effort to create such pool

Given this context the delay resulting from abrogation of the CBOEs rule could

interfere substantially with market forces shaping the options industry Indeed with

order flow patterns shifting as rapidly and dynamically as we see today delaying the

CBOEs rule implementation raises the risk of market share gains or losses attributable

to regulatory timing result the Commission is committed to avoiding Press Re

2000-125

DATE OF CHAIRMAN LEVITTS TESTIMONY CHANGED

Chairman Levitts previously announced testimony of September 19 before the Senate

Securities Subcommittee on auditor independence has been postponed to 930 a.m on

Thursday September 28 in Room 538 of the Dirksen Senate Office Building

ENFORCEMENT PROCEEDINGS

COMMISSION SUSTAINS NASD ACTION AGAINST MICHAEL MARKOWSKI AND

JOSEPH RICCIO

On September the Commission sustained National Association of Securities Dealers Inc

NASD disciplinary action against Michael Markowski of Miami Beach Florida and Joseph

Riccio of Palm Harbor Florida Markowski was chairman chief executive officer and

majority shareholder of Global America Inc former NASD member firm located in New

York City Riccio was the firms trader The NASD censured Markowski and Riccio and barred

them in all capacities from association with any NASD member In addition it fined

Markowski $300000 and Riccio $250000

The Commission found that during the period June 1990 to January 1991 respondents

manipulated the market for the securities of Mountaintop Corporation In 1990 Global

underwrote an initial public offering of the securities Thereafter Global dominated and

controlled the Mountaintop market Respondents maintained high price levels for Mountaintop

that did not reflect genuine demand and they absorbed all unwanted securities into inventory

thereby preventing sales from depressing market prices In addition respondents published non

bona fide bids for Mountaintop

The Commission also found that Markowski violated restriction agreement between the

NASD and Global that limited the size of the firms inventory positions and that Markowski

improperly refused to submit to an NASD investigative interview at the time he was requested

to do so In sustaining the sanctions assessed by the NASD the Commission emphasized the

extremely serious nature of respondents misconduct It also noted that this is the second time


that Markowski has been disciplined for refusing to cooperate with an NASD investigation

Rel 34-43259 File No 3-967

CEASE-AND-DESIST PROCEEDINGS SETTLED AGAINST ROLAND ACEVEDO

On September the Commission entered an Order requiring Roland Acevedo to cease and

desist from committing or causing any violations and any future violations of the antifraud

provisions of the federal securities laws barring Acevedo from participation in penny stock

offerings and ordering Acevedo to pay $243.75 in disgorgement plus prejudgment interest

In his Offer of Settlement Acevedo without admitting or denying the findings consents to

the issuance of an Order by the Commission which finds that on or about December 11

1995 Acevedo directly or indirectly paid or caused to be paid $1200 to broker-

dealer which was undisclosed compensation for previous purchase of 3000 shares of

LBU Inc f/k/a New Century Media Ltd at approximately $1 .625 per share by the

broker-dealer Rels 33-7888 34-43261 File No 3-9158

SANCTIONS CEASE-AND-DESIST ORDER AND CIVIL PENALTY IMPOSED ONPHILIP LEHMAN AND TOWER EQUITIES INC

On September the Commission entered cease-and-desist Order and an Order making

findings and imposing remedial sanctions against Philip Lehman of Clayton Ohio

and Tower Equities Inc broker-dealer and investment adviser owned by Lehman and

based in Dayton Ohio The Order finds that from February 1997 through December

1998 Tower Equities and Lehman misrepresented facts while offering and selling over

$10 million worth of investment contracts in Tower Venture 97-A Ltd Lifetime Assets

LLC Baylor/Gavic LLC and Wellington LLC According to the Order the

Respondents represented that Tower Venture would use investors funds to make onetime $10 million payment to Credit Austerlitz Finances Ltd European entity in

exchange for $30 million loan The investors would not have to make any further

payments on the loan This loan transaction could not and did not exist The

Respondents also represented that Tower Venture would enter into loan transaction

with European entity that would ultimately provide investors with returns as high as 33

percent annually and that Lifetime Baylor and Wellington would enter into transactions

with unidentified overseas entities which would result in return to investors of as much

as 100 percent in 25 days The Respondents did not have any reasonable basis for these

representations

The Commission suspended Lehman for nine months from association with broker

dealer investment adviser and investment company censured Tower Equities ordered

both respondents to cease and desist from further violations and imposed $10000 civil

penalty against Lehman Rels 33-7889 34-43262 IA-1896 IC-24636 File No 3-

10024


DAVID HALL WILLIAM HALL WILLIAM HALL AND ALAN SALEM SETTLE

CIVIL CASE FILED BY SEC

The Commission announced today that David Hall William Hall William Hall

and Alan Salem agreed to settle charges alleging insider trading in the securities of Norand

Corporation On December 22 1998 the Commission filed complaint in the United

States District Court for the Central District of California alleging that Robert Neprud an

assistant controller at Western Atlas Inc misappropriated confidential client information

by tipping David Hall about Western Atlass upcoming tender offer for Norand priorto

the official announcement on January 22 1997 The complaint also alleged that David

Hall knew that Neprud was an executive at Western Atlas the acquiring company and

knew that Nepruds disclosure violated duties he owed to Norand The complaint alleges

that David Hall purchased Norand stock and made $48000 in profits The complaint

further alleges that David Hall tipped his father his brother his cousin Thomas Wagner

and Wagners fatherin-law Alan Salem On January 13 or 14 1997 David Hall shared

with both his father William Hall and his brother William Hall neither of whom

had ever bought stock before the information he learned from Neprud

According to the complaint William Hall and William Hall made total profits of

$173283 and $15259 respectively and Wagner made $7937 in trading profits The

complaint also alleged that Alan Salem purchased Norand and Western Atlas securities

making $77875 in profits and caused four other individuals to trade for total profits of

approximately $249000

David Hall consented without admitting or denying the Commissions allegations to

final judgment entered on February 12000 permanently enjoining him from violating

Sections 10b and 14e of the Securities Exchange Act of 1934 and Rules lOb-S and 14e-3

thereunder and ordering Hall to pay disgorgement and prejudgment interest of $60000

Salem consented without admitting or denying the Commissions allegations to final

judgment entered on June 2000 permanently enjoining him from violating Sections

10b and 14e of the Exchange Act and Rules lOb-S and 14e-3 thereunder ordering him

to pay $191914.42 in disgorgement and prejudgment interest and ordering him to pay

$121525 civil penalty pursuant to Section 21A of the Exchange Act

William Hall consented without admitting or denying the Commissions allegations to

final judgment entered on August 25 2000 permanently enjoining him from violating

Sections 10b and 14e of the Exchange Act and Rules lOb-5 and 14e-3 thereunder and

ordering him to pay $30000 in disgorgement and prejudgment interest with additional

amounts in disgorgement and penalty not assessed based on his inability to pay

William Hall consented without admitting or denying the Commissions allegations to

final judgment entered on July 2000 permanently enjoining him from violating

Sections 10b and 14e of the Exchange Act and Rules lOb-S and 14e-3 thereunder and

ordering him to pay $19528.39 in disgorgement and prejudgment interest with

additional amounts in disgorgement and penalty not assessed based on his inability to pay


In addition on March 16 2000 the Court granted the Commissions motion to withdraw

without prejudice its action against Thomas Wagner On December 22 1998

simultaneous with the filing of the Commissions complaint Neprud consented without

admitting or denying the Commissions allegations to final judgment permanently

enjoining him from violating Sections 10b and 14e of the Exchange Act and ordering

him to pay $60000 civil penalty See also LR-16009 and LR-16105 David

Hall et aL Civil Action No 98-10325AAH C.D.Cal filed December 22 1998 LR16691

ORDER ISSUED IN CIVIL CASE AGAINST ROBERT SUTTON

The Securities and Exchange Commission announced today that on May 18 2000 the

United States District Court for the Northern District of Illinois ordered the entry of

permanent injunction against Robert Sutton thus settling the Commissions securities

fraud action against Sutton

Without admitting or denying the Commissions allegations Sutton consented to the

entry of the judgment which permanently enjoins him from violating Section 10b of

the Securities Exchange Act of 1934 and Rule Ob-5 promulgated thereunder Sutton

also consented to the entry of the judgment that Sutton violated Section 3b5 of the

Exchange Act and Rule 13b2-1 promulgated thereunder by circumventing internal

accounting controls and falsifying books records and accounts Sutton was ordered to

pay civil money penalty of $15000

The complaint alleged that Sutton at the time plant controller for unit of Material

Sciences Corporation MSC Delaware corporation based in Elk Grove Village

Illinois violated the federal securities laws by making false entries in the companys

inventory and accounts payable records The complaint alleges that as result of

Suttons false entries MSC overstated by 29% the net earnings disclosed in its financial

statements for the fiscal year ended February 29 1996 The complaint also alleges that

the false entries caused MSC to overstate the net earnings disclosed on MSCs Forms

1O-Q during fiscal years 1996 and 1997 by amounts ranging between 6.27% and more

than 300%

According to the complaint between March 1995 and February 28 1997 Sutton

intentionally fabricated the inventory work in process and entered these values into the

general ledger of MSCs Laminates and Composites unit According to the complaint

Suttons fabrications falsely increased MSCs earnings by artificially inflating the book

value of the units inventory on hand and understating the units cost of sales

The complaint also alleges that from March 1996 to February 28 1997 Sutton

intentionally made false ledger entries for the Laminates and Composites units accounts

payable According to the complaint Suttons improper entries falsely increased MSCs

earnings by artificially deflating its liabilities Robert Sutton District


Court for the Northern District of Illinois Civil Action No 99 6342 N.D Ill

September 27 1999 LR- 16692 AAER- 1299

GIACCHETTO CONSENTS TO PERMANENT INJUNCTION

On September the Honorable Lawrence McKenna United States District Judge for

the Southern District of New York entered Partial Judgment of Permanent Injunction

By Consent Against Dana Giacchetto In the underlying action which was filed on

April 2000 the Commission alleged that Giacchetto through his wholly owned

investment advisory firm The Cassandra Group Inc from September 1997 until late

March 2000 unlawfully gained possession of at least $20 million in client funds and

diverted more than $4 million to pay Cassandras operating expenses fund Giacchettos

own lavish lifestyle and compensate other clients who had been defrauded earlier in the

scheme Giacchetto stole money by directing Brown Company registered broker-

dealer to issue checks payable to particular Cassandra clients drawing on funds held in

those clients Brown accounts and to deliver the checks to Cassandra Giacchetto then

endorsed the checks himself in his own name and deposited the funds in Cassandras

corporate bank accounts As Giacchetto paid complaining clients with funds stolen from

other clients Cassandra became giant asset-kiting scheme To conceal his diversion

of funds Giacchetto made variety of misrepresentations to his clients

Giacchetto consented to the partial judgment without admitting or denying the

Commissions allegations in its complaint

The partial judgment permanently enjoins Giacchetto from violating Section 17a of

the Securities Act Section 10b of the Securities Exchange Act and Rule Ob-5

thereunder and from violating and/or aiding and abetting violations of Sections 207

204 2061 2062 and 2064 of the Investment Advisers Act and Rules 204-2

2064-2 and 2064-4 thereunder The partial judgment also provides that the

determination of the complaints request for disgorgement of ill-gotten gains and

prejudgment interest and the payment of civil penalties by Giacchetto if any will be

determined through future stipulation of the parties or by determination of the Court

See also LR-16499 Dana Giacchetto and The Cassandra Group Inc 00 Civ

2502 LMM S.D.N.Y LR-16693


INVESTMENT COMPANY ACT RELEASES

XSOURCE INC

An order has been issued on an application filed by XSource Inc under Sections 6c 17b and

23c of the Investment Company Act granting exemptions from Sections 17a 18d 1b23a through and 30 of the Act and under Section 17d of the Act and Rule 17d-1 under

the Act permitting certain joint transactions The order permits applicant to operate as

managerial strategic investment company Rel IC-24634 September

PRUCO LIFE INSURANCE COMPANY ET AL

notice has been issued giving interested persons until September 28 to request

hearing on an application filed by Pruco Life Insurance Company Pruco Life Flexible

Premium Variable Annuity Account Pruco Life Insurance Company of New Jersey

Pruco Life of New Jersey Flexible Premium Variable Annuity Account and Prudential

Investment Management Services LLC Applicants The Applicants seek an order

under Section 6c of the Investment Company Act granting exemptions from the

provisions of Sections 2a32 22c and 27i2A of the Act and Rule 22c-1

thereunder to permit the recapture of credits applied to purchase payments under certain

variable annuity contracts Rel IC-24635 September

SELF-REGULATORY ORGANIZATIONS

PROPOSED RULE CHANGE

The Options Clearing Corporation filed proposed rule change SR-OCC-00-06 under

Section 9b of the Exchange Act Pursuant to the proposed rule change 0CC is

reducing its clearing fees for established products effective September 2000

Publication of the proposal is expected in the Federal Register during the week of

September 11 Rel 34-3 244

CORRECTION

In some copies of the September Digest an error appeared in the agenda for public

hearings to be held on September 13 Panel participant Jacqueline Wagner serves

as General Auditor for General Motors Corporation


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 designation if the

statement is New Issue

Registration statements may be obtained in person or by writing to the Commissions

Public Reference Branch at 450 Fifth Street N.W Washington D.C 20549 or at the

following e-mail box address publicinfosec.gov In most cases this information is

also available on the Commissions website www.sec.gov

F-i UNITED MICROELECTRONICS CORP NO 13 INNOVATION RD

SCIENCE BASED INDUSTRIAL PARK HSINCHU TAIWAN ROC 011 886-3577

450000000 $1237500000 FOREIGN COMMON STOCK FILE 33312444

AUG 28 BR NEW ISSUE

S-B UNITED MEXICAN STATES 375 PARK AVENUE SUITE 1905 NEW YORK NY

10152

2500000000 $2500000000 STRAIGHT BONDS FILE 33312460

AUG 31 BR 99

SB ENGINEERED SUPPORT SYSTEMS INC 1270 PRICE RD ST LOUIS MO 63132

314 9935880 100000 $1993750 COMMON STOCK FILE 33345020

SEP 01 BR

S-8 ENGINEERED SUPPORT SYSTEMS INC 1270 PRICE RD ST LOUIS MO 63132


SEP 01 BR

S8 RSA SECURITY INC/DE/ 20 CROSBY DR BEDFORD MA 01730 781 3015000

4432072 $263176435 COMMON STOCK FILE 33345024 SEP 01 BR

S8 AWARE INC /MA/ 40 MIDDLESEX TURNPIKE BEDFORD MA 01730 617 2764000

3100000 $123951994 COMMON STOCK FILE 33345026 SEP 01

BR

S-3 ELTRAX SYSTEMS INC 400 GALLERIA PARKWAY SUITE 300 ATLANTA GA

30339

770 6123500 3648788 $16534482.82 COMMON STOCK FILE 3335028

SEP 01 BR

S-8 FIRST INTERNATIONAL BANCORP INC 280 TRUMBULL ST HARTFORD CT 06103


SEP 01 BR


S3 LIBERTY PROPERTY TRUST 65 VALLEY STREAM PKWY STE 100 MALVERN PA

19355 610 6481700 314709 $8329953.84 COMMON STOCK FILE33345032 SEP 01 BR

S8 CHART HOUSE ENTERPRISES INC 640 LASALLE ST STE 295 CHICAGO IL

60610 19 7558281 400000 $2287200 COMMON STOCK FILE 33345034

SEP 01 BR

S8 FIRST INTERNATIONAL BANCORP INC 280 TRUMBULL ST HARTFORD CT 06103

860 7270700 75000 $569250 COMMON STOCK FILE 33345036SEP 01 BR

S8 BACH-HAUSER INC 2080 FLAMINGO RD STE 112 LAS VEGAS NV 89119


58 RED HAT INC 2600 MERIDIAN PARKWAY DURHAM NC 27713 919 547-0012


S3 SILVERSTREAM SOFTWARE INC TWO FEDERAL ST BILLERICA MA 01821

978 2623000 286373 $8528560.22 COMMON STOCK FILE 33345044

SEP 01 BR

S8 SPECIALTY EQUIPMENT COMPANIES INC 1245 CORPORATE BLVD1 SUITE 401AURORA IL 60504 603 5855111 250000 $6703125 COMMON STOCKFILE 33345048 SEP 01 BR

SB LEXENT INC NEW YORK PLAZA NEW YORK NY 10004 212 981-0700


SS SYNOPSYS INC 700 MIDDLEFIELD RD MOUNTAIN VIEW CA 94043

650 9625000 5833985 $211341238.35 COMMON STOCK FILE33345056 SEP 01 BR

S8 NEUBERGER BERMAN INC 605 THIRD AVE NEW YORK NY 10158 212 476-9000

1500000 $81468750 COMMON STOCK FILE 33345058 SEP 01BR

S8 HA LO INDUSTRIES INC 5980 TOUHY AyE NILES IL 60714 708 647-2300

10000000 $49700000 COMMON STOCK FILE 33345060 SEP 01BR

SB2 HOME FINANCING CENTERS INC/MA 1710 DIVISION ST EVANSVILLE IN

47711


5-8 PEARSON PLC BURLINGTON GARDENS BANK OF NEW YORK LONDON UK W1X

1LE

10 NEWS DIGEST September 2000

X0 00000 442 0744120 1532510 $30574286.55 COMMON STOCK

FILE33345070 SEP 01 BR

S-3 AVIRON 297 BERNARDO AyE MOUNTAIN VIEW CA 94043 650 919-6500


S-8 LEGGETT PLATT INC NO LEGGETT RD CARTHAGE MO 64836 417 358-

8131


S-B LA JOLLA PHARMACEUTICAL CO 6455 NANCY RIDGE DR SAN DIEGO CA 92121


SEP 01 BR

S-S ENERGY EAST CORP P0 BOX 12904 SUITE 2006A 20TH FLOOR ALBANY NY

12212


SEP 01 BR

S-S ENERGY EAST CORP P0 BOX 12904 SUITE 2006A 20TH FLOOR ALBANY NY

12212


SEP 01 BR

Si DOUBLETWIST INC 1999 HARRISON ST SUITE 1100 OAKLAND CA 94612

510 6280100 $86250000 COMMON STOCK FILE 33345086 SEP 01

S-B BRIO TECHNOLOGY INC 3430 WEST BAYSHORE RD PALO ALTO CA 94303


SEP 01 BR

S-B BROOKS AUTOMATION INC 15 ELIZABETH DRIVE CHELMSFORD MA 01824


SEP 01 BR

S-B KIDS ENTERTAINMENT INC 1414 AVE OF THE AMERICAS NEW YORK NY

10019


SEP 01 BR

S-8 HOLLYWOOD CON INC 2255 GLADES RD STE 237 BOCA RATON FL 33431


SEP 01 BR

S-8 HYCOR BIOMEDICAL INC IDE 7272 CHAPMAN AVE GARDEN GROVE CA 92641


SEP 01 BR

S-3 GENERAL MOTORS CORP 300 RENAISSANCE CTR MAIL CODE 482-C34-D71


DETROIT MI 48265 313 5565000 42000000 $3029460000COMMON STOCK FILE 333-45104 SEP 01 BR

S-3 CROSSWALK COM 4100 LAFAYETTE CENTER DR STE 110 CHANTILLY VA

20151


SEP 01 BR

S-8 CONVERGENT GROUP CORP 6399 FIDDLERS GREEN CIRCLE SUITE 600ENGLEWOOD

CO 80111 303 7748400 5300558 $25840220 COMMON STOCK FILE33345108 SEP 01 BR

S8 HYCOR BIOMEDICAL INC IDE 7272 CHAPMAN AyE GARDEN GROVE CA 92641


SEP 01 BR

S-B OPTA FOOD INGREDIENTS INC /DE 25 WIGGINS AVE BEDFORD MA 01730


S3 PLEXUS CORP 55 JEWELERS PARK DR NEENAH WI 54957 920 7223451

$500000000 STRAIGHT BONDS FILE 33345116 SEP 01 BR

S-B PMC SIERRA INC 250 900 EAST HAMILTON AVE CAMPBELL CA 95008

604 4156000 3016073 $299181845.94 COMMON STOCK FILE33345118 SEP 01 BR

S-i ILX LIGHTWAVE CORP 31950 FRONTAGE ROAD P0 BOX 6310 BOZEMAN MT

59771 406 5861244 $115000000 COMMON STOCK FILE 33345120SEP 01 NEW ISSUE

34 EAST COAST POWER LLC 711 LOUISIANA SUITE 3200 HOUSTON TX 77002

713 7536161 19387262 $19387262 STRAIGHT BONDS FILE 3335124

SEP 01 BR

S-8 CLEAR CHANNEL COMMUNICATIONS INC 200 EAST BASSE ROAD SAN ANTONIOTX

78209 210 8222828 2167332 $90806226 COMMON STOCK FILE33345126 SEP 01 BR

51 NUANCE COMMUNICATIONS 1005 HAMILTON CT MENLO PARK CA 94025


SEP 01 BR

Si TURNSTONE SYSTEMS INC 2220 CENTRAL EXPRESSWAY SANTA CLARA CA

95050


SEP 01 BR

S-i VYYO INC 20400 STEVENS CREEK BLVD 8TH FL CUPERTINO CA 95014


SEP 01 BR


S-8 CHESTER BANCORP INC 1112 STATE ST CHESTER IL 62233 618 826-5038

268212 $4500932.63 COMMON STOCK FILE 33345134 SEP 01 BR

SB-2 MEGAMEDIA NETWORKS INC 57 WEST PINE STREET ORLANDO

5793930 $720764.89 COMMON STOCK FILE 33345138

FL 32801

SEP 01 BR

RECENT 8K FILINGS

Form 8-K is used by companies to file current reports on the following events

Changes in Control of Registrant

Acquisition or Disposition of Assets

Barilcruptcy or Receivership

Changes in Registrants Certifying Accountant

Other Materially Important Events

Resignations of Registrants Directors

Financial Statements and Exhibits

Change in Fiscal Year

Regulation Offerings

The following companies have filed 8-K reports for the date indicated and/or amendments to 8-K reports

previously filed responding to the items of the form specified 8-K reports may be obtained in person

or by writing to the Commissions Public Reference Branch at 450 Fifth Street N.W Washington D.C

20549 or at the following e-mail box address publicinfosec.gov In most cases this information is

also available on the Commissions website www.sec.gov

NAME OF ISSUER

STATE 8K ITEM NOCODE DATE COMMENT

ADVANCED TECHNOLOGY INDUSTRIES INC

AEI INCOME GROWTH FUND 23 LLC

AEROVOX INC

AETNA INC

ALZA CORP

ANERICREDIT FINANCIAL SERVICES INC

ANERITRANS CAPITAL CORP

APPLIED MICRO CIRCUITS CORP

ARC INTERNATIONAL CORP

ARCADIA RECEIVABLES FINANCE CORP

ARM FINANCIAL GROUP INC

ASPEN TECHNOLOGY INC IDEASSISTED LIVING CONCEPTS INC

ASSOCIATES FIRST CAPITAL CORP

ATRIX LABORATORIES INC

AUTOLEND GROUP INC

BACKWEB TECHNOLOGIES LTD

BAKER HUGHES INC

08/23/00

08/23/00

08/30/00

09/05/00

08/18/00

08/08/00

08 /2 9/00

08/28/00

08/23/00

06/22/00

08/21/00

08/29/00

09/01/00

09/06/00

08/08/00

08/16/00

06/27/00 AMEND

09/06/00

ItemItem

ItemItemItemItemItemItem

Item

DE

DE

DE

CT

DE

DE

DE

DE

DE

DE

DE

DE

NV

DE

DE

DE

DE


BANGOR HYDRO ELECTRIC CO

BANK ONE CAPITAL III

BANK ONE CAPITAL IV

BANK ONE CORP

BANK ONE CORPBBT CORP

BELL ATLANTIC CORP

BETA OIL GAS INC

BLUE DOLPHIN ENERGY CO

BLYTH INC

BRANDMAKERS INC

BRISTOL RETAIL SOLUTIONS INC

BROWN FORMAN CORP

BURNHAM PACIFIC PROPERTIES INC

CANARGO ENERGY CORP

CAPCO ENERGY INC

CBCOM INC

CE CASECNAN WATER ENERGY CO INC

CENTEX CREDIT CORP HOME EQ LN ASSET

BACKED CERT SER 2000

CENTEX HOME EQUITY LOAN TRUST 2000-

CHEC FUNDING LLC DECHRYSLER FINANCIAL CO LLC MI

STATE

NAME OF ISSUER CODE

CISCO SYSTEMS INC

CITICORP MORTGAGE SECURITIES INC

CITIGROUP INC

CLEAR CHANNEL COMMUNICATIONS INC

CNL HEALTH CARE PROPERTIES INC

CNL HOSPITALITY PROPERTIES INCCOACHMEN INDUSTRIES INC

COACHMEN INDUSTRIES INC

COLLINS INDUSTRIES INC

COMMUNITY FINANCIAL GROUP INC

COMPREHENSIVE MEDICAL DIAGNOSTICS

ROUP INC

CONSOLIDATED GRAPHICS INC /TX/

CTN MEDIA GROUP INC

CYTOGEN CORP

DATANETRICS CORP

DATRON SYSTEMS INC/DE

DEAN WITTER REALTY YIELD PLUS II LP

DEAN WITTER REALTY YIELD PLUSDELTA BEVERAGE GROUP INC

DEUTSCHE MORTGAGE ASSET RECEIVING

CORP SERIES 2000-Cl

DEXTER CORP

DIGEX INC/DE

DIGITAL RIVER INC IDEDM1 FURNITURE INC

DUPONT DE NEMOURS CO

DYNAMIC I-T INC

EFTC CORP/

09/06/00

08/30/00

08/30/00

08/30/00

08/30/00

09/06/00

09/07/00

09/05/00

12/02/99 AMEND

09/06/00

05/23/00 AMEND

09/05/00

09/30/00

09/04/00

08/31/00

08/31/00

09/07/00

09/07/00

08/31/00

08/31/00

09/05/00

09/06/008K ITEM NO

DATE COMMENT

09/04/00

09/07/00

09/06/00

08/30/00

08/24/00

8/22/00

08/31/00

09/06/00

09/05/00

09/05/00

05/24/00

08/30/00

08/30/00

08/25/00

09/07/00

08/29/00 AMEND

08 /31/00

08 /31/00

08 /31/00

09/05/00

08/23/00

09/01/00

08/24/00

08/24/00

09/07/00

09/05/00 AMEND

08/23/00

ME

DE

DE

DE

DE

NC

DE

NV

DE

DE

UT

DE

DE

MD

DE

CO

DE

DE

DE

XX

CA

DE

DE

TX

MD

FL

IN

IN

MO

TN

FL

TX

DE

DE

DE

DE

DE

DE

DE

DE

CT

DE

DE

DR

DE

CO

CO


08/30/00

09/05/00

09/06/00

08/18/00

08/11/00

09/07/00

09/01/00

08/28/00

09/06/00

09/05/00

08/18/00


09/01/00

09/03/00

07/12/00 AMEND

08/29/00

09/05/00

09/05/00 AMEND

09/06/00

08/25/00

09/07/00

08/28/00

09/07/00

09/05/00

01/01/00

09/07/00

09/07/00

09/07/00

09/07/00

09/07/00

09/07/00

09/07/00

08/23/00

07/12/00

KS 08/31/00

DE 09/06/00

CT 09/06/00

CA 08/22/00

DE 07/10/00

DE 09/06/00

DE 08/29/00

DE 08/25/00

DE 08/25/00

DE 09/05/00

DE 09/01/00

DE 09/05/00

MD 09/06/00

DE 09/05/00

CO 09/01/00

DE 08/28/00

NY

VA

MN

DE

DE

MA

NV

NY

DE

NC

EQUITABLE LIFE ASSURANCE SOCIETY OF

THE UNITED STATES /NY/

ESG RE LTD

ESKIMO PIE CORP

EXCELSIOR HENDERSON MOTORCYCLE MANU

FACTURING CO

EXPORT FUNDING CORP

EYECITY COM INC

FAIC II ISSUER TRUST 2000-1

FAR EAST VENTURES INC

FIRST ALBANY COMPANIES INC

FIRST PHILADELPHIA CAPITAL CORP

FIRST UNION COMMERCIAL MORTGAGE SEC

URITIES INC

NAME OF ISSUER

FISHER SCIENTIFIC INTERNATIONAL INC

FUNDTECH LTD

GEMSTAR TV GUIDE INTERNATIONAL INC

GENEREX BIOTECHNOLOGY CORP



GENESIS WORLDWIDE INC

GENTEK INC

GENUITY INC

GETTHERE INC

GOLDEN CHIEF RESOURCES INC

GOLDEN SOIL INC

GREKA ENERGY CORP

GTE CALIFORNIA INC

GTE FLORIDA INC

GTE HAWAIIAN TELEPHONE CO INC

GTE NORTH INC

GTE NORTHWEST INC

GTE SOUTH INC

GTE SOUTHWEST INC

HARLAND JOHN CO

HEALTH NUTRITION SYSTEMS INTERNAT

IONAL INC

HIGH PLAINS CORP

HORIZON FINANCIAL SERVICES CORP

HSB GROUP INC

IMAGEWARE SYSTEMS INC

INACOM CORP

INFOCURE CORP

INFORMATICA CORP

INSILCO HOLDING CO

INSILCO TECHNOLOGIES INC

INTERCONTINENTAL FINANCE CORP

INTERNEDIA COMMUNICATIONS INC

INTERNET COMMERCE CORP

INTERSTATE HOTELS CORP

INTEST CORP

JANEX INTERNATIONAL INC

JDA SOFTWARE GROUP INC

DE

DE

DE

DE

DE

OH

DE

DE

DE

KS

NV

CO

CA

FL

HI

WI

WAVA

DE

GA

FL

XX


KEYCORP STUDENT LOAN TRUST 1999

KINARK CORP

KINNARD INVESTMENTS INC

LAMAR ADVERTISING CO/NEW

LIFECELL CORP

LIFELONG COM INC

LOEWEN GROUP INC

MCMORAN EXPLORATION CO /DE/

MID AMERICA APARTMENT COMMUNITIES

NC

MORGAN STANLEY ABS CAPITAL INC

MURDOCK GROUP CAREER SATISFACTION

ORP

NEWMONT MINING CORP

NEWPORT CORP

NORDSTROM INC

NORTEL NETWORKS CORP

OFFICE DEPOT INC

OLIN CORP

ORIENTAL FINANCIAL GROUP INC

OUTBOARD MARINE CORP

OXFORD AUTOMOTIVE INC

PACIFIC GATEWAY PROPERTIES INC /MD/

PACKAGING RESOURCES INC

PARK PLACE ENTERTAINMENT CORP

PEOPLES BANCORP INC

PEPPERCORN INDUSRIAL CORP

PEPPERCORN INDUSRIAL CORP

PEPSIANERICAS INC

PJ AMERICA INC

PLAINWELL INC

PMI GROUP INC

PNC MORTGAGE SEC CORP MORT PASS THR

CERT SER 20001PNC MORTGAGE SEC CORP MORT PASS THR

CERT SER 20003PNC MORTGAGE SEC CORP MORT PASS THR

CERT SER 2000-5

PNC MORTGAGE SECURITIES CORP MORT

ASS THRO CERT SER 2000-2

PNC MORTGAGE SECURITIES CORP MORT

ASS THRU CERT SER 2000

POLYONE CORP

POWERSOURCE CORP

PRINTRAK INTERNATIONAL INC

NAME OF ISSUER

08/25/00

06/26/00 AMEND

9/05/00

8K ITEM NO123456789 DATE COMMENT

09/15/99

9/05/00

9/01/00

09/06/00

09/05/00

09/05/00

09/07/00

06/30/00 AMEND

08/30/00

08/31/00

09/07/00

08/15/00 AMEND

09/07/00

08/17/00

08/29/00

09/07/00

08/29/00

08 /31/00

08/30/00

08/28/00

09/05/00

08/14/00

08/14/00

08/31/00

9/0 6/00

9/01/00

9/06/00

09/01/00

DE 09/01/00

DE 09/01/00

DE 09/01/00

DE 09/01/00

08/29/00

07/26/00

08/28/00


9/06/00

07/31/00

09/28/00

DE

DE

MN

STATE

NAME OF ISSUER CODE

XX

DE

DE

CO

DE

TN

DE

UT

DE

NV

WA

DE

VA

PR

DE

MI

MD

DE

DE

OH

NV

NV

DE

DE

DE

DE

DE

NV

DE

PROCTER GAMBLE CO

PROFESSIONAL BENEFITS INSURANCE CO

PRUDENTIAL SECURITIES SECURED FINAN

CING CORP

OH

TX

DE


VERIZON NEW JERSEY INC NJ

VERIZON DELAWARE INC DE

VERIZON MARYLAND INC MD

VERIZON NEW ENGLAND INC NY

VERIZON NEW YORK INC NY

VERIZON PENNSYLVANIA INC PA

VERIZON VIRGINIA INC VA

VERIZON WASHINGTON DC INC NY

VERIZON WEST VIRGINIA INC WV

VIDEONICS INC CA

VIRATA CORP

VISTA GOLD CORP

WASHINGTON REAL ESTATE INVESTMENT MD

RUST

WORLDNET RESOURCES GROUP INC

09/07/00

09/07/00

09/07/00

09/07/00

09/07/00

09/07/00

09/07/00

09/07/00

09/07/00

08/30/00

08/22/00

09/07/00

09/05/00

PUBLIC SERVICE CO OF NEW MEXICO

QLT INC/BC

QWEST COMMUNICATIONS INTERNATIONAL

INC

RADIO ONE INC

RAYMOND JAMES FINANCIAL INC

RESIDENTIAL FUNDING MORTGAGE SECURI

TIES II INC

RMS TITANIC INC

ROBERDS INC

RURBAN FINANCIAL CORP

SALISBURY BANCORP INC

SALTON INC

SHAW INDUSTRIES INC

SHOP AT HOME INC /TN/

SOUTH STREET FINANCIAL CORP

STANDARD PACIFIC CORP /DE/

STAR SCIENTIFIC INC

STARFEST INC

STEWART ENTERPRISES INC

STRUCTURED PRODUCTS CORP

Si CORP /DE/

TECHSYS INC

TELETECH HOLDINGS INC

TIBERON RESOURCES LTD

TITAN MOTORCYCLE CO OF AMERICA INC

TONG AH GLOBAL VENTURES CORP

TOWER GLOBAL VENTURES CORP

TRUE NORTH COMMUNICATIONS INC

UNION BANKSHARES CO/ME

UNITED INDUSTRIAL CORP /DE/

UNIVERSAL CORP /VA/

UNIVERSAL MANUFACTURING CO

VALUE HOLDINGS INC

VELOCITY COMPUTER SOLUTIONS LTD



VENCOR INC /NEW/

NAME OF ISSUER

NM

Al

DE

DE

FL

DE

FL

OH

01-i

CT

DE

GA

TN

NC

DE

DE

LA

DE

DE

NJ

DE

NV

NV

DE

DE

DE

ME

DE

VA

NE

FL

DE

STATE

CODE

09/06/00

08/29/00

09/07/00

09/07/00

09/06/00

09/07/00

08/31/00

08/20/00

08/16/00

08/31/00

09/07/00

09/06/00

06/30/00

07/17/00

09/05/00

08/21/00

XXXXXXX 12/31/99AMEND

09/06/00

09/01/00

09/08/00

08/31/00

08/21/00

08/21/00

08/21/00

09/05/00

09/05/00

09/06/00

08/31/00

09/05/00

09/06/00

08/31/00

08/11/00

05/31/00

05/31/00 AMEND

06/10/00

09/07/00

8K ITEM NODATE COMMENT

DE

09/06/00 AMEND


09/07/0008 /31/00

08 /21/00

09/07/00

8K ITEM NODATE COMMENT

OH 08/31/00

DE 08/22/00

CT 09/01/00

DE 09/01/00

AK 09/01/00

MD 08/18/00

DE 08/31/00

CO 08/25/00

CO 08/31/00

DE 08/30/00 AMEND

DE 09/01/00

NV 08/04/00

MA 09/01/00

PA 09/01/00

MI 08/31/00

DE 09/01/00

MD 09/01/00

MD 08/31/00

VA 08/24/00

NC 09/01/00

MD 08/17/00

DE 08/17/00

DE 08/25/00

NY 08/25/00

DE 08/25/00

NY 08/17/00

DE 08/28/00

ME 09/01/00

NV 08/04/00

DE 09/01/00

NC 09/01/00

FIR BOS MOR SEC 08/31/00

CE SE 99-WM1

FIR 305 MOR SEC 08/31/00

CE SE 99WM2FIR BOS MOR SEC 08/31/00

CE SE 99-WM3

09/01/00

07/28/00

08/29/00


08/31/00

08/24/00

08/29/00

MN

NV

NV

STATE

CODE

WSI INTERACTIVE CORP

XATA CORP /MN/

ZEROS ONES INC

21ST CENTURY TECHNOLOGIES INC

NAME OF ISSUER

ADVANCED LIGHTING TECHNOLOGIES INC

AES CORPORATION

AETNA INC

AFTERMARKET TECHNOLOGY CORP

ALASKA PACIFIC BANCSHARES INC

ALLEGHENY ENERGY INC

ARGO BANCORP INC /DE/

ATOMIC BURRITO INC

ATOMIC BURRITO INC

AXA FINANCIAL INC

BANC OF AMERICA COMMERCIAL MORTGAGE

INC

BENNION CORP

BERKSHIRE ENERGY RESOURCES

BICO INC/PA

BIG BUCK BREWERY STEAKHOUSE INC

BRADLEY OPERATING

BRADLEY REAL ESTATE INC

BURNHAN PACIFIC PROPERTIES INC

CAPITAL ONE MASTER TRUST

CAROLINA POWER LIGHT CO

CARRAMERICA REALTY CORP

CARRAMERICA REALTY

CEDAR FAIR

CHASE FUNDING INC

CHASE MORTGAGE FINANCE CORP

CHROMATICS COLOR SCIENCES INTERNATI

ONAL INC

CITIZENS FIRST FINANCIAL CORP

CMP GROUP INC

CORVALLIS INC

COVEST BANCSHARES INC

CPL ENERGY INC

CREDIT SUISSE CORP

MO BK PA TH

CREDIT SUISSE CORP

MO BK PA TH

CREDIT SUISSE CORP

MO BK PA TH

CTG RESOURCES INC

CWMBS INC

CYBERAMERICA CORP

NAME OF ISSUER

DATAWARE TECHNOLOGIES INC

DEALER AUTO RECEIVABLES CORP

CU MORTGAGE ACCEPTANCE CORP

DE

CT

DE

NV

STATE

CODE

DE

DE

DE


DRKOOP COM INC

ELECTRONIC CLEARING HOUSE INC

ENERGY EAST CORP

ENOTE COM INC

EUROTELECOM COMMUNICATIONS INC

EXCHANGE APPLICATIONS INC

FORT JAMES CORP

FREEREALTIME COM INC

FULL TILT SPORTS INC

FULLCOMM TECHNOLOGIES INC

FX ENERGY INC

GE CAPITAL MORTGAGE SERVICES INC

GENERAL MILLS INC

GMAC COMMERCIAL MORTGAGE SECURITIES

INC

GRAND ADVENTURES TOUR TRAVEL PUBL

ISHING CORP

GREENPOINT CREDIT LLC



GROW BIZ INTERNATIONAL INC

HA LO INDUSTRIES INC

HENLEY HEALTHCARE INC

HI SHEAR TECHNOLOGY CORP

HUTTIG BUILDING PRODUCTS INC

OMAGIC CORP/CA

IMAGEX COM INC

INSO CORP

INTERLIANT INC

JCC HOLDING CO

JDS UNIPHASE CORP /CA/

KEYNOTE SYSTEMS INC

KING PHARMACEUTICALS INC

MAKEFEACE CAPITAL CORP

MARINE DRILLING COMPANIES INC

MERIDIAN HOLDINGS INC

MERLIN SOFTWARE TECHNOLOGIES INTERN

ATIONAL INC

METALCLAD CORP

NAME OF ISSUER

MONONGAHELA POWER CO /OH/

NET VALUE HOLDINGS INC

NEW WORLD COFFEE MANHATTAN BAGEL IN DE

NISOURCE INC

NORTHERN STATES POWER CO /WI/

OTTAWA FINANCIAL CORP

PACIFIC WEBWORKS INC

PENNEY CO INC

PFIZER INC

RAILAMERICA INC /DE

REAL GOODS TRADING CORP

SALOMON BROTHERS MORT SEC VII INC

ORT PAS TH CE SER 2000-1

08/22/00

08 /21/00

09/01/00

08/17/00

08/30/00

06/13/00 AMEND

08 /31/00

08/18/00

08/23/00

04/19/00

08/31/00

08/25/00

08/31/00

08/17/00

OR 08/11/00

07/31/00

07/31/00

07/31/00

08/30/00

08/31/00

09/01/00

09/01/00

09/01/00

09/01/00

06/21/00 AMEND

08/28/00

08/21/00

08/31/00

06/30/00

08/18/00

08/31/00

08/17/00

09/01/00

08/31/00

08/24/00

ITEM NODATE COMMENT

08/18/00

08/23/00

08/11/00

08/31/00

08/28/00

08/31/00

08/03/00

07/21/00

06/19/00

08/31/00

09/01/00

08/25/00

DE

NV

NY

DE

DE

VA

CO

CO

DE

NV

NJ

DE

DE

DE

DE

DE

MN

IL

TX

DE

NV

WA

DE

DE

DE

DE

CA

TN

TX

CO

NV

DE

STATE

CODE

8K

123

08/30/00

OH

DE

IN

WI

DE

NV

DE

DE

DE

CA

DE


SCB COMPUTER TECHNOLOGY INC

SEMTECH CORP

SHOP AT HOME INC /TN/

SIZZLER INTERNATIONAL INC

SOUTH TEXAS DRILLING EXPLORATION

INC

SPECIAL METALS CORP

STILWELL FINANCIAL INC

TELIDENT INC /MN/

TELTRAN INTERNATIONAL GROUP LTD

THERMOVIEW INDUSTRIES INC

TRACK TRAIL INC

TRANSWITCH CORP IDE

TURNSTONE SYSTEMS INC

TV COMMUNICATIONS NETWORK INC

UNICO INC /AZ/

UNIDIGITAL INC

UNITED MEDICORP INC

VARI CO INC

VIDEO NETWORK COMMUNICATIONS INC

VITESSE SEMICONDUCTOR CORP

VIZACOM INC

WELLS FARGO ASSET SEC CORP MORT PAS

THR CERT SERIES 2000-4

WFS FINANCIAL 2000-B OWNER TRUST

WILSHIRE REAL ESTATE INVESTMENT TRU

ST INC

WINCO PETROLEUM CORP

STATE

NAME OF ISSUER CODE

WINGS THINGS INC

24/7 MEDIA INC

NV

DR

08/31/00

08/31/00

06/30/00

08/21/00

9/0 1/00

08/25/00

09/01/00

09/01/00

09/01/00

09/01/00

09/01/00

09/01/00

08/08/00 AMEND

09/01/00

08/28/00

9/01/00

09/05/00

08 /02/00

08/25/00

08/25/00

08/17/00

07/28/00

08/20/00

09/01/00


08/04/00

08/24/00

TN

DR

TN

DR

TX

DR

DR

MN

DR

DR

DR

DE

DR

CO

AZ

DR

DR

CO

DR

DR

DR

NY

MD

CO 08/18/00


Documents

SEC News Digest, September 8, 2000 · 2008. 2. 12. · SECNEWS DIGEST Issue 2000-173 September 2000 COMMISSION ANNOUNCEMENTS PERIOD FOR ABROGATION OF CBOE FILING EXPIRES On September