On May 27th, the SEC approved the New York Stock Exchange's proposal to modify the initial trading market value requirement for "Debt Securities" from $10,000,000 to $5,000,000. The term "Debt Securities" includes any unlisted note, bond, debenture or evidence of indebtedness that is: (1) statutorily exempt from the registration requirements of Section 12(b) of the Securities Exchange Act, or (2) eligible to be traded under an SEC exemptive order. SEC Release No. 34- 64561.