SEC Sets July 6 For End of Tick Test

On June 13, 2007, the Commission voted to remove the tick test of Rule 10a-1 and to amend Regulation SHO to provide that no short sale  price test, including any price test of any exchange or national  securities association,  shall  apply  to  short  sales  in  any  security.   The Commission has established a compliance date of July 6, 2007  for  the changes.