David I have this same problem - this after troubleshooting SNMP Trap Receiver in another one of my posts, as well as ticket # 25131. Some Basic Alerts are firing, others are not.
Dec-05 16:20:03.82 : 7800 : Could not create Alert Action (SWAlertActions.EmailAction)Dec-05 16:20:03.82 : 7800 : Could not create Alert Action (SWAlertActions.SNMPTrap)Dec-05 16:45:35.60 : 4468 : Could not create Alert Action (SWAlertActions.SNMPTrap)Dec-05 16:45:35.68 : 4468 : Could not create Alert Action (SWAlertActions.AlertSyslog)Dec-05 16:45:35.70 : 4468 : Could not create Alert Action (SWAlertActions.SNMPTrap)Dec-05 16:45:35.79 : 4784 : Could not create Alert Action (SWAlertActions.SNMPTrap)Dec-05 16:45:35.79 : 4784 : Could not create Alert Action (SWAlertActions.AlertSyslog)Dec-05 16:45:35.79 : 4784 : Could not create Alert Action (SWAlertActions.SNMPTrap)Dec-05 16:45:57.14 : 3840 : Could not create Alert Action (SWAlertActions.EmailAction)Dec-05 16:45:57.15 : 3840 : Could not create Alert Action (SWAlertActions.SNMPTrap)Dec-05 16:46:08.03 : 640 : Could not create Alert Action (SWAlertActions.EmailAction)Dec-05 16:46:08.03 : 640 : Could not create Alert Action (SWAlertActions.SNMPTrap)