As reported in US Securities and Exchange Commission (SEC) dated December 29, 2010 the commission deems it appropriate and in the public interest that public administrative proceedings be, and hereby are, instituted pursuant to Section 203(f) of the Investment Advisers Act of 1940 (“Advisers Act”) against Enrique F. Villalba.

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Australian Securities & Investments Commission (ASIC) reported on December 23, 2010 that the former managing director of Burns Philp Trustee Company (Canberra) Limited (Burns Philp), Peter Daniels Clarke, has appeared before the ACT Supreme Court today after being extradited from Germany. Mr Clarke fled Australia in June 2000 while on bail awaiting sentence after pleading guilty in January 2000 to five charges brought by ASIC relating to his position as a director of Burns Philp.

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As published in Financial Industry Regulatory Authority (FINRA) disciplinary actions report for December, 2010, Kenn Arden Hugos submitted a Letter of Acceptance, Waiver and Consent in which he was fined $10,000 and suspended from association with any FINRA member in any capacity for 20 business days.

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As published in Financial Industry Regulatory Authority (FINRA) disciplinary actions report for December, 2010, Jennifer Veronica Himes submitted a Letter of Acceptance, Waiver and Consent in which she was fined $5,000 and suspended from association with any FINRA member in any capacity for two months.

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As published in Financial Industry Regulatory Authority (FINRA) disciplinary actions report for December, 2010, Joshua Hiller submitted a Letter of Acceptance, Waiver and Consent in which he was fined $5,000 and suspended from association with any FINRA member in any capacity for 30 business days.

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As published in Financial Industry Regulatory Authority (FINRA) disciplinary actions report for December, 2010, Randall Walter Hess submitted a Letter of Acceptance, Waiver and Consent in which he was fined $5,000 and suspended from association with any FINRA member in any capacity for 10 business days.

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As published in Financial Industry Regulatory Authority (FINRA) disciplinary actions report for December, 2010, William Hanson Hauser submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity.

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As published in Financial Industry Regulatory Authority (FINRA) disciplinary actions report for December, 2010, Yisrael Binyamin Goldstein submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity.

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As published in Financial Industry Regulatory Authority (FINRA) disciplinary actions report for December, 2010, Randall Allen Gissendaner submitted a Letter of Acceptance, Waiver and Consent in which he was fined $20,500, which includes disgorgement of commissions, and suspended from association with any FINRA member in any capacity for five months.

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As published in Financial Industry Regulatory Authority (FINRA) disciplinary actions report for December, 2010, Kelly Lee Flaherty submitted a Letter of Acceptance, Waiver and Consent in which he was fined $21,000, which includes disgorgement of commissions, and suspended from association with any FINRA member in any capacity for four months.

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On December 22, 2010 Securities and Exchange Board of India (SEBI) published that vide an Order dated August 11, 2005 under Regulation 16(1) of the extant SEBI (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002, SEBI had appointed an Officer to conduct summary proceeding against Upendrabhai K. Patel (Trade Name: Patel U. K. & Co.) (SEBI Regn. No.INB190414917), who had defaulted in the payment of registration fees as a stock broker.

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As published in Financial Industry Regulatory Authority (FINRA) disciplinary actions report for December, 2010, Leonard William Dendunnen, Registered Representative, Westport, Connecticut submitted a Letter of Acceptance, Waiver and Consent in which he was fined $10,000 and suspended from association with any FINRA member in any capacity for six months.

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As published in Financial Industry Regulatory Authority (FINRA) disciplinary actions report for December, 2010, Dante Thomas Garcia DeMiro, Registered Principal, Milford, Michigan submitted a Letter of Acceptance, Waiver and Consent in which he was fined $5,000 and suspended from association with any FINRA member in any capacity for nine months.

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As published in Financial Industry Regulatory Authority (FINRA) disciplinary actions report for December, 2010, Samuel Peter Crompton, Registered Representative, Manly, Australia submitted a Letter of Acceptance, Waiver and Consent in which he was fined $5,000 and suspended from association with any FINRA member in any capacity for 10 business days.

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As published in Financial Industry Regulatory Authority (FINRA) disciplinary actions report for December, 2010, Douangchay Chounchantharat, Registered Representative, Keller, Texas was barred from association with any FINRA member in any capacity. The sanction was based on findings that Chounchantharat wrongfully converted $4,383 from her member firm’s insurance affiliate and applied the funds for her personal use. The findings stated that the insurance affiliate detected the conversion, in the course of an audit of Chounchantharat’s accounts, and notified her of the discrepancy.

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