# Mark S. Wallace > Federal judicial disclosures. URL: https://www.frixlaw.com/law-library/disclosures/9994 ## Record - **Judge:** Mark S. Wallace - **Year:** 2015 - **Report type:** Annual - **Pages:** 11 ## Text Wells Fargo Advisors Money Market Fund — Int/Div US Treasury Bond — Interest SDD units — istnibution SRS ums — Distribution Wells Fargo Bank Deposit (x) — Interest ABX common stock — Int/Div American Century Capital Preservation Fund — Int/Div Amencan Century Global Gold Fund — Int/Div American Century Capital Preservation Fund — Int/Div — Buy (add'l) American Century Capital Preservation Fund — Buy (add'l) UBS USA Deposit Account — Interest XOM common stock — Int/Div — Buy (add'l) PWE units — Int/Div GDX units — Distribution NLY units — Int/Div ABX common stock — Int/Div COP common stock — Int/Div PSX — Int/Div ECA common stock — Int/Div iShares TIPs Bond Fund — Distribution US Treasury obligations — Interest — Buy (add'l) Federated Prudent Bear Fund — Distribution PHYS units — None Physical gold — None US Double Eagle coms — None Physical silver — None Bank of America savings account — Interest Bank of America checking account — Interest Union Bunk checking account — Interest Chase Bank checking account — Interest Chase Bank savings account — Interest VXX umts — Distribution SDD units — istnbution ABX common stock — Int/Div XOM common stock — Int/Div US Treasury obligations — Interest Federated Prudent Bear Fund — istnbution Vanguard Ginnie Mae Fund — Distribution Vanguard Inflation Index Fund — Distribution Rydex Inverse S&PS5002x Strategy Fund — Distribution — Buy (add'l) American Century Capital Preservation Fund — istnbution UBS U.S. deposit account — Distribution GG common stock — Int/Div US. Treasury obligations — Interest Dreyfus 100% USTreasury Money Market Fuind — istmbution Fidelity US Treasury Money Market Fund — Distribution — Sold (part) Rvdex US Government Money Market Fund — Distribution Grizzly Short Fund — Distribution — Buy Grizzly Short Fund — Buy (add'l) S10. — Buy (add'l) Wells Fargo Bank Deposit Sweep — Interest ADM Investor Services — istnibution US Savings Bonds — Interest Northwestern Whole Life Mutual Life Insurance Policy — Int/Div U.S. Treasury obligations (x) — Interest 100 PNRA common stock — None SAM common stock — None SAM common stock — Buy Prudent Bear Fund — Distribution 20 PCLN common stock — None NEM common stock — Int/Div BGEIX units — Distribution SGOL units — None NEM common stock — Int/Div SLV umts — None 200 MAR common stock — None 20 CMG common stock — None GDXJ units — Distribution AVP common stock — Int/Div — Buy 1 March 2018 emim S&P — None — Sold 1 March 2018 emim S&P — Buy 1 March 2015 oat — None — Sold 1 March 2015 oat — Buy 1 March emim S&P — None — Sold 1 March emim S&P — Buy March cocoa — None — Sold March cocoa — Buy 1 March T-Bond — None — Buy 1 March T-Bond — Sold March emini S&P — None — Buy March emini S&P — Sold March silver — None — Buy March silver — Sold July wheat — None — Buy July wheat — Sold March emi S&P — None — Sold March emi S&P — Buy 1 June T-Bond — None — Sold 1 June T-Bond — Buy September Canadian dollar — None — Buy September Canadian dollar — Sold Liability — Wells Fargo Advisors — Contingent abilities for stocks sold short Liability — Bank of America — Credit card Liability — Chase Bank — Credit card Liability — ADM Investor Services, Ine — Liabilities on commaodity and futures positions in excess of cash posted for margin Reimbursement — American Bar Association Section of Taxation — January 29-31, 2015 — Houston, TX — Midyear Mecting — Transportation, meals, lodging Reimbursement — National Conference of Bankruptcy Judges — September 27-30, 2015 — Miami Beach, FL — Annual conference — Transportation, meals, lodging Reimbursement — Association of Insolvency and Restructuring Advisors — June 3-6, 2015 — Philadelphia, PA — Annual conference — Transportation, meals, lodging Many of the reported transactions are short sales. In such a transaction, the sale precedes the purchase. Gain or loss is realized when the short sale is closed out by purchasing the stock or commodity that was sold short. The audit function in the software fails to take these short sales into account and therefore generates a host of misleading "error messages. For example, if a June emini S&P contract is sold on April 10, 2015 and bought on June 1, 2015, the transaction closes out on June 1, 2015 and nothing is owned as of the close of the reporting period on December 31, 2015. Short sales and short positions are denoted by & minus sign in front of the item being sold short, for example -20 PCLN common stock means that 20 shares of Priceline common stock was sold short. Where a short sale transaction was closed during calendar year 2015, | reported both the date of the short sale (even if this occurred mn 2014 or an earlier year) and the date the transaction was closed in 2015 by buying in the stock or commodity that was sold short. | believe that by reporting the date of the short sale (even if in 2014), | nake the report less confusing and promote greater visibility, Certain assets generate no income during the reporting period. For example, precious metals generate no income unless sold. Stocks that are sold short (such as PNRA, PCLN and SAM) generate no income while held short. Many of the reported transactions involve commodity, currency index or stock index futures contracts, In such a transaction, there is no "purchase price” as such. Instead, the buyer (or seller) posts cissh margin to secure his promise to buy or sell at maturity. The liability on futures contracts can vary from day to day based upon daily price limits regarding how much a price for the underlying commodity, currency index or stock index can rise or fall in a single day. Some contracts have no limits. Therefore, the liability theoretically could be infinite. In actual practice, if a futures position moves against the holder, the brokerage company will issue a margin call requiring the holder to post additional cash margin within 24 to 72 hours of the call. If margin is not timely posted, the brokerage company will close out the position and bill the holder for the deficiency. For the avoidance of doubt, I had no commodities margin calls during 2015 and therefore listed the "liabilities" under Part VI of this Report as "J." Also, please note that when securities are sold short and then closed out in not one but two (partial) transactions, there is no "buy (partial)" notation to elect. Therefore, | simply used “buy.” For open futures positions at the end of the year, if any, the unrealized gain or Joss in the contract us of the close of business on December 31, 2015 is reported. Revocable Trust #1 no longer has a beneficial interest in any assets. | continue to use this trust as a nominee so that | can distinguish between separate property and community property. (My deceased mother was previously the sole beneficiary under this trust). Various individual stocks are sold short in my Wells Fargo Advisors securities account (for example, CMG, PNRA, ete.) This account is a margin account, If the stocks-sold-short positions were to significantly move against me, I could be required to post additional margin. This has never occurred in my case but is theoretically possible. Accordingly, | have listed this as u contingent lisbility in Paret V1 of this report. --- Source: Frix Law Library, https://www.frixlaw.com/law-library/disclosures/9994. Public record. Not legal advice.