Footnotes

'Securities Exchange Act Release No. 16888 (July 11, 1980), 20 SEC DOCKET 334.

2Securities Exchange Act Release No. 18062 (August 25, 1981), 23 SEC Docket 650.

'The ITS was authorized by the Commission, on a provisional basis, as a national market system facility pursuant to Section 11A(a)(3)(B) of the Exchange Act.

4Securities Exchange Act Release No. 17744 (April 21, 1981), 22 SEC Docket 845.

"Securities Exchange Act Release No. 17531 (February 10, 1981), 21 SEC Docket 1746; Securities Exchange Act Release No. 17532 (February 10, 1981), 21 SEC Docket 1747.

❝Securities Exchange Act Release No. 17704 (April 9, 1981), 22 SEC Docket 709.

'Securities Exchange Act Release No. 17549 (February 17, 1981), 22 SEC Docket 22.

"Securities Exchange Act Release No. 18131 (October 1, 1981), 23 SEC Docket 1013. 9Securities Exchange Act Release No. 17850 (February 26, 1981), 22 SEC Docket 195. 10Securities Exchange Act Release No. 17583 (February 27, 1981), 22 SEC Docket 269.

SEC 1980 Annual Report at 7. 12Securities Exchange Act Release No. 18062 (August 25, 1981), 23 SEC Docket 650.

13590 F.2d 1085 (D.C. Cir. 1978). 14Securities Exchange Act Release No. 17562 (February 20, 1981), 22 SEC Docket 129.

15Securities Exchange Act Release No. 17343 (November 26, 1980), 21 Sec Docket 708. 16Securities Exchange Act Release No. 17660 (March 27, 1981), 22 SEC Docket 649. 17Securities Exchange Act Release No. 18034 (August 14, 1981), 23 SEC Docket 579. 18Securities Exchange Act Release No. 18015 (August 6, 1981), 23 SEC Docket 253.

19Securities Exchange Act Release No. 16701 (March 26, 1980), 19 SEC Docket 998. 20Securities Exchange Act Release No. 17263 (October 22, 1980), 21 SEC Docket 260.

21 Securities Exchange Act Release No. 17237 (October 22, 1980), 21 SEC Docket 262. See also Securities Exchange Act Release No. 17452 (January 15, 1981), 21 SEC Docket 1386

(NASD).

22Securities Exchange Act Release No. 1.7238 (October 22, 1980), 21 SEC Docket 265. 23Securities Exchange Act Release No. 18096 (September 14, 1981), 23 SEC Docket 795.

24Securities Exchange Act Release No. 17244 (October 24, 1980), 21 SEC Docket 691 (Amex); Securities Exchange Act Release No. 17382 (December 16, 1980), 21 SEC Docket 976 (PSE); Securities Exchange Act Release No. 18078 (September 3, 1981), 23 SEC Docket 761 (Phlx).

25Securities Exchange Act Release No. 17577 (February 26, 1981), 22 SEC Docket 186.

26 Securities Exchange Act Release No. 16601 (May 12, 1980), 19 SEC Docket 756; Securities Exchange Act Release No. 17005 (July 24, 1980), 20 SEC Docket 784.

27Securities Exchange Act Release No. 17577 (February 26, 1981), 22 SEC Docket 186 (File No. SR-CBOE-80-7).

28 Board of Trade of the City of Chicago v. SEC, No. 81-1660 (7th Cir., Filed April 24, 1981). 29Securities Exchange Act Release No. 17578 (February 26, 1981), 22 SEC Docket 193.

30Securities Exchange Act Release No. 17632 (March 16, 1981), 22 SEC Docket 481 (Amex); Securities Exchange Act Release No. 17325 (November 21, 1980), 21 SEC Docket 691 (CBOE); Securities Exchange Act Release No. 17631 (March 16, 1981), 22 SEC Docket 480 (NYSE).

31 Securities Exchange Act Release No. 17666 (March 27, 1981), 22 SEC Docket 655.

32Securities Exchange Act Release No. 17795 (May 11, 1981), 22 SEC Docket 1034.

33File Nos. SR-PSE-81-12 and SR-Amex-8117.

34Registration Statement No. 2-69458 (filed October 9, 1980).

35Securities Exchange Act Release No. 17609 (March 6, 1981), 22 SEC Docket 394.

36 Securities Exchange Act Release No. 17222 (October 17, 1980), 21 SEC Docket 212.

37 Securities Exchange Act Release No. 18050 (August 21, 1981), 23 SEC Docket 632; Securities Exchange Act Release No. 14157

(November 9, 1977), 13 SEC Docket 663.

38Securities Exchange Act Release No. 17556 (February 17, 1981), 22 SEC Docket 14.

39Pub. L. No. 96-354, 94 Stat. 1164 (September 19, 1980).

40Securities Exchange Act Release No. 17645 (March 20, 1981), 22 SEC Docket 544. 41 Securities Exchange Act Release No. 17534 (February 11, 1981), 21 SEC Docket 1750.

42Securities Exchange Act Release No. 18073 (August 31, 1981), 23 SEC Docket 729.

43 Exchange Act Rule 15c3-1. 44Securities Exchange Act Release No. 11497 (June 26, 1975), 7 SEC Docket 241.

45Securities Exchange Act Release No. 17208 (October 9, 1980), 21 SEC Docket 139.

46 Securities Exchange Act Release No. 17209 (October 9, 1980), 21 SEC Docket 162. 47Securities Exchange Act Release No. 17927 (July 9, 1981), 23 SEC Docket 34.

48 Securities Exchange Act Release No. 17383 (December 17, 1980), 21 SEC Docket 977. 49Securities Exchange Act Release No. 18046 (August 20, 1981), 23 SEC Docket 585.

5015 U.S.C. $$78aaa-78111, as amended by the Securities Investor Protection Act Amendments of 1978, Pub. L. No. 95-283, 92 Stat. 249. 51 Securities Investor Protection Act, Pub. L. 96433, §1, 94 Stat. 1855 (1980).

52Securities Exchange Act Release No. 17410 (December 30, 1980), 21 SEC Docket 1166.

53 Report of the Senate Committee on Banking, Housing, and Urban Affairs to Accompany S. 2465, S. Rep. No. 96-752, 96th Cong., 2d Sess. (1980); Report of the House Committee on Interstate and Foreign Commerce to Accom· pany H. R. 6830, H. Rep. No. 96-961, 96th Cong. 2d Sess. (1980).

54 Securities Exchange Act Release No. 17584 (February 27, 1981), 22 SEC Docket 283.

55Securities Exchange Act Release No. 17216 (October 14, 1980), 21 SEC Docket 171; Securities Exchange Act Release No. 17227 (October 17, 1980), 21 SEC Docket 254.

56 Securities Exchange Act Release No. 17818 (May 27, 1981), 22 SEC Docket 1162.

57Securities Exchange Act Release No. 17704 (April 9, 1981), 22 SEC Docket 709.

58Securities Exchange Act Release No. 17568 (February 24, 1981), 22 SEC Docket 167. 59Securities Exchange Act Release No. 17569 (February 24, 1981), 22 SEC Docket 171.

60 Securities Exchange Act Release No. 17473 (January 21, 1981), 21 Sec Docket 1396.

61 Securities Exchange Act Release No. 17975 (July 27, 1981), 23 SEC Docket 172.

62Securities Exchange Act Release No. 17371 (December 12, 1980), 21 SEC Docket 930. 63Securities Exchange Act Release No. 17599 (March 4, 1981), 22 SEC Docket 329.

64 Securities Exchange Act Release No. 18054 (August 21, 1981), 23 SEC Docket 643. 65Securities Exchange Act Release No. 18150 (October 5, 1981), 23 SEC Docket 1100. 66 Securities Exchange Act Release No. 17870 (June 16, 1981), 22 SEC Docket 1286. 67Securities Exchange Act Release No. 17615 (March 10, 1981), 22 SEC Docket 405.

68 Securities Exchange Act Release No. 18094 (September 11, 1981), 23 SEC Docket 793. 69Securities Exchange Act Release No. 17302 (November 14, 1980), 21 SEC Docket 627. 70Securities Exchange Act Release No. 17994 (July 31, 1981), 23 SEC Docket 238. 71Securities Exchange Act Release No. 16900 (June 17, 1980), 20 SEC Docket 415. 72Securities Exchange Act Release No. 17258 (October 30, 1980), 21 SEC Docket 347. 73Securities Act Release No. 6276 (December 23, 1980), 21 SEC Docket 1052.

74 Securities Act Release No. 6288 (February 9, 1981), 21 SEC Docket 1719.

75Securities Act Release No. 6331 (August 6, 1981), 23 SEC Docket 288.

76Securities Act Release No. 6332 (August 6, 1981), 23 SEC Docket 311.

77Securities Act Release No. 6333 (August 6, 1981), 23 SEC Docket 357.

78Securities Act Release No. 6334 (August 6, 1981), 23 SEC Docket 387.

79Securities Act Release No. 6335 (August 6, 1981), 23 SEC Docket 401.

80Securities Act Release No. 6336 (August 6, 1981), 23 SEC Docket 410.

81 Securities Act Release No. 6337 (August 6, 1981), 23 SEC Docket 415.

82 Securities Act Release No. 6338 (August 6, 1981), 23 SEC Docket 428.

83Pub. L. No. 96-477 (October 21, 1980). 84 Securities Act Release No. 6274 (December 23, 1980), 21 SEC Docket 1013.

85 Securities Act Release No. 6339 (August 7, 1981), 23 SEC Docket 446.

86 Securities Act Release No. 6049 (April 3, 1979), 17 SEC Docket 153.

87 Securities Act Release No. 6299 (March 19, 1981), 22 SEC Docket 466.

88 Securities Exchange Act Release No. 16866 (June 2, 1980), 20 SEC Docket 241.

89Securities Exchange Act Release No. 18189 (October 20, 1981), 23 SEC Docket 1238. 90Securities Act Release No. 6275 (December 23, 1980), 21 SEC Docket 1024.

91 Securities Act Release No. 6340 (August 7, 1981), 23 SEC Docket 482.

92 Securities Act Release No. 6256 (November 7, 1980), 21 SEC Docket 523.

93 Securities Act Release No. 6301 (March 19, 1981), 22 SEC Docket 474.

94Securities Act Release No. 6180 (January 17, 1980), 19 SEC Docket 295.

95Securities Act Release No. 6300 (March 19, 1981), 22 SEC Docket 473.

96 Securities Act Release No. 6321 (June 11, 1981), 22 SEC Docket 1234.

97 Securities Act Release No. 6249 (October 23, 1980), 21 SEC Docket 242.

98 Form S-18: A Monitoring Report on the First Eighteen Months of Its Use," Directorate of Economic and Policy Analysis (March 1981).

99"The Role of Regional Broker-Dealers in the Capital Formation Process: Underwriting, Market-Making and Securities Activities," Directorate of Economic and Policy Analysis (August 1981).

100 Rule 242: A Monitoring Report on the First Six Months of Its Use," Directorate of Economic and Policy Analysis (December 1980).

101 Securities Exchange Act Release No. 17517 (February 5, 1981), 21 SEC Docket 1533.

102 Division of Corporation Finance, Securities and Exchange Commission Staff Report on Corporate Accountability, 96th Cong., 2d Sess. (Comm. Print 1980) (Senate Comm. on Bank. ing, Housing and Urban Affairs).

103Securities Act Release No. 6338 (August 6, 1981), 23 SEC Docket 428.

104 Securities Exchange Act Release No. 17518 (February 5, 1981), 21 SEC Docket 1551. 105Securities Exchange Act Release No. 17707 (April 10, 1981), 22 SEC Docket 770.

106 Securities Act Release No. 6252 (October 24, 1980), 21 SEC Docket 316.

107 Securities Act Release No.6286 (February 6, 1981), 21 SEC Docket 1711.

108 Securities Act Release No. 6309 (April 13, 1981), 22 SEC Docket 757.

109Securities Act Release No. 6315 (May 4, 1981) 22 SEC Docket 946.

110Securities Act Release No. 6322 (June 19, 1981), 22 SEC Docket 1318.

Securities Act Release No. 6347 (September 24, 1981), 23 SEC Docket 846.

112Securities Act Release No. 6354 (October 7,

1981), 23 SEC Docket 1075.

113Securities Act Release No. 6346 (September 21, 1981). 23 SEC Docket 830.

114Securities Act Release No. 6281 (January 15, 1981), 21 SEC Docket 1372.

115Securities Act Release No. 6188 (February 1, 1980), 19 SEC Docket 465.

116Securities Exchange Act Release No. 17719 (April 13, 1981), 22 SEC Docket 783.

117Securities Exchange Act Release No. 18114 (September 24, 1981), 23 SEC Docket 856. 118Securities Act Release No. 6351 (September 25, 1981), 23 SEC Docket 1000.

119Securities Act Release Nos. 6253 and 6269 (October 28 and December 5, 1980), 21 SEC Docket 320 and 839.

120Securities Act Release No. 6279 (January 8, 1981), 21 SEC Docket 1244.

121 Securities Exchange Act Release No. 17424 (January 7, 1981), 21 SEC Docket 1266.

122Securities Act Release No. 6297 (March 6, 1981), 22 SEC Docket 394.

123Public Oversight Board, Annual Report (1980-1981) at 14.

124 Supra at 20. 125Supra at 19.

126 Accounting Series Release No. 300 (October 8, 1981), 23 SEC Docket 1162.

127 Accounting Series Release No. 296 (August 20, 1981).

128 Accounting Series Release No. 297 (August 20, 1981).

129Securities Act Release No. 6263 (November 17, 1980), 21 SEC Docket 618.

130Securities Act Release No. 6326 (July 8, 1981), 23 SEC Docket 6.

131 Investment Company Act Release No. 11551 (January 14, 1981), 21 SEC Docket 1352.

132Investment Company Act Release No. 11552 (January 14, 1981), 21 SEC Docket 1357.

133Investment Company Act Release No. 11553 (January 14, 1981), 21 SEC Docket 1360.

134Investment Company Act Release No. 11676 (March 10, 1981), 22 SEC Docket 446. 135Investment Company Act Relase No. 11414 (October 28, 1980), 21 SEC Docket 324.

136 Investment Company Act Release No. 11421 (October 31, 1980), 21 SEC Docket 488.

137Investment Company Act Release No. 11391 (October 10, 1980), 21 SEC Docket 183. 138Securities Act Release No. 6247 (October 14, 1980), 22 SEC Docket 132.

139 Investment Company Act Release No. 11675 (March 9, 1981), 22 SEC Docket 444.

140Investment Company Act Release No. 11675 (March 9, 1981), 22 SEC Docket 444. 141 Investment Company Act Release No. 11703 (March 26, 1981), 22 SEC Docket 602. 142 Investment Company Act Release No. 11818 (June 17, 1981), 22 SEC Docket 1308. 143 Investment Advisers Act Release No. 750 (February 20, 1981), 22 SEC Docket 257.

144 Investment Advisers Act Release No. 767 (July 21, 1981), 23 SEC Docket 156.

145Investment Advisers Act Release No. 766 (July 21, 1981), 23 SEC Docket 145.

146Investment Advisers Act Release No. 769 (August 7, 1981), 23 SEC Docket 556.

147 SEC v. FinAmerica Corporation and Jorge E. Carnicero, Civ. Act. No. 81-0553 (D.D.C.), Litigation Release No. 9317 (March 8, 1981), 22 SEC Docket 461.

148 SEC v. Banca Della Svizzera Italiana, et al., Civ. Act. No. 81-1836 (S.D.N.Y.), Litigation Release No. 9421 (August 18, 1981), 23 SEC Docket 628.

149 SEC v. Daniel H. O'Connell, Arthur D. Tanner, Civ. Act. No. 80-6183 (S.D.N.Y.), Litigation Release No. 9222 (October 30, 1980), 21 SEC Docket 410.

150 SEC v. Howard L. Davidowitz, Civ. Act. No. 814857 (S.D.N.Y.), Litigation Release No. 9413 (August 6, 1981), 23 SEC Docket 284.

151 SEC v. Frank H. Wyman, Civ. Act. No. 81-1025 (S.D.N.Y.), Litigation Release No. 9311 (March 17, 1981), 22 SEC Docket 391. SEC v. Frederick Wyman, II, Civ. Act. No. 811026 (S.D.N.Y.), Litigation Release No. 9312 (March 17, 1981), 22 SEC Docket 391.

152 SEC v. Carlo M. Florentino, Civ. Act. No. 81-5903 (S.D.N.Y.), Litigation Release No. 9456 (September 23, 1981), 23 SEC Docket 958.

153 SEC v. El Dorado International, Inc., Deil O. Gustafson, et al., Civ. Act. No. 81-0532 (D.D.C.), Litigation Release No. 9314 (March 5, 1981), 22 SEC Docket 392.

154 SEC v. C&R Clothiers, Inc., Civ. Act. No. 80-2517 (D.D.C.), Litigation Release No. 9194 (October 2, 1980), 21 SEC Docket-65.

155 SEC v. Cooper Industries, Inc., Civ. Act. No. 80-7310 (S.D.N.Y.), Litigation Release No. 9260 (December 22, 1980), 21 SEC Docket 1153.

156 SEC v. Diagnostic Data, Inc., et al., Civ. Act. No. 81-1627 (D.D.C.), Litigation Release No. 9394 (July 15, 1981), 23 SEC Docket 113.

157 In the Matter of Tidelands Capital Cor

poration, Securities Exchange Act Release No. 1764 (March 19, 1981), 22 SEC Docket 489.

158 SEC v. World-Wide Coin Investments, Ltd., et al., Civ. Act. No. 81-1642A (N.D. Ga.), Litigation Release No. 9443 (September 9, 1981), 23 SEC Docket 787.

159 SEC v. World Wide Coin Investment, Ltd., et al., Civ Act. No. 81-1642A (N.D. Ga.), Litigation Release No. 9449 (September 17, 1981), 23 SEC Docket 823.

160 SEC v. Tesoro Petroleum Corporation, Civ. Act. No. 80-2961 (D.D.C.), Litigation Release No. 9236 (November 20, 1980), 21 SEC Docket 679.

161 In the Matter of CGA Computer Associates, Inc., Securities Exchange Act Release No. 6328 (July 16, 1981), 23 SEC Docket 78.

162 SEC v. McLouth Steel Corp., Civ. Act. No. 81-1373 (D.D.C.), Litigation Release No. 9375 (June 17, 1981), 22 SEC Docket 1314.

163 SEC v. Litton Industries, Inc., Civ. Act. No. 81-0589 (D.D.C.), Litigation Release No. 9321 (March 12, 1981), 22 SEC Docket 463.

164 SEC U. WACO Financial, Inc. and J. Jerome Prevatte, Civ. Act. No. 81-152 (W.D. Mich.), Litigation Release No. 9409 (July 29, 1981), 23 SEC Docket 232.

165 SEC U. WACO Financial, Inc. and J. Jerome Prevatte, Civ. Act. No. 80-6070 (W.D. Mich.), Litigation Release No. 9257 (December 12, 1980), 21 SEC Docket 1007.

166 In the Matter of Paine, Webber, Jackson & Curtis, Inc., Securities Exchange Act Release No. 17384 (December 17, 1980), 21 SEC Docket 979.

167 SEC v. Barclay Financial Corp., Civ. Act. No. 81-708 (S.D. Fla.) Litigation Release No. 9374 (June 15, 1981), 22 SEC Docket 1314.

168 SEC v. Gallagher, Boyland & Cook, Inc., and Michael J. Roylan, Civ. Act. No. 81-1287 (C.D. Cal.), Litigation Release No. 9329 (March 31, 1981), 22 SEC Docket 688.

169 In the Matter of Reserve Management Corporation, Investment Company Act Release No. 11394 (October 10, 1980), 21 SEC Docket 190.

170 SEC v. First Independent Stock Transfer Agent, Inc., and Terry E. Kirchner, Civ. Act. No. 81-1645 (D.C. Col.), Litigation Release No. 9452 (September 22, 1981), 23 SEC Docket 956.

171 SEC v. America Birthright Trust Manage ment Co., Inc., et al., Civ. Act. No. 80-3306 (D.D.C.), Litigation Release No. 9266 (December 30, 1980), 21 SEC Docket 1241.