    [United States Government Manual]
    [June 01, 2007]
    [Pages 510-514]
    [From the U.S. Government Publishing Office, www.gpo.gov]

    SECURITIES AND EXCHANGE COMMISSION

    100 F Street NE., Washington, DC 20549

    Phone, 202-551-7500. Internet, www.sec.gov.
    Chairman                                          Christopher Cox
    Commissioners                                     Paul Atkins, Roel
                                                              Campos,
                                                              Cynthia
                                                              Glassman,
                                                              Annette L.
                                                              Nazareth
    Senior Advisers to the Chairman                   Stephen Devine,
                                                              William
                                                              Schulz, Paul
                                                              Wilkinson
        Director, Office of Legislative               Jonathan W. Burks
                Affairs
        Director, Office of Public Affairs            John Nester
        Director, Office of Investor                  Lori Schook, Acting
                Education and Assistance
    Secretary                                         Nancy M. Morris
    Executive Director                                Diego T. Ruiz
        Associate Executive Director, Office          Jeffrey Risinger
                of Human Resources
        Associate Executive Director, Office          Anne O'Donoghue
                of Administrative Services
        Associate Executive Director, Office          Christine Chadwick
                of Financial Management
        Associate Executive Director, Office          Jane Seidman, Acting
                of Filings and Information
                Services
    General Counsel                                   Brian G. Cartwright
    Director, Division of Corporation Finance         John W. White
    Director, Division of Enforcement                 Linda Chatman Thomsen
    Director, Division of Investment Management       Andrew Donohue
    Director, Division of Market Regulation           Erik R. Sirri
    Director, Office of Compliance Inspections and    Lori A. Richards
            Examinations
    Chief Accountant                                  Conrad Hewitt
    Chief Administrative Law Judge                    Brenda P. Murray
    Chief Economist                                   Chester Spatt
    Chief Information Officer, Office of Information  R. Corey Booth
            Technology
    Director, Office of International Affairs         Ethiopis Tafara
    Director, Office of Equal Employment Opportunity  Deborah K. Balducchi

    [[Page 511]]

    Director, Office of Risk Assessment               Charles Fishkin
    Inspector General                                 Walter J. Stachnik

    [For the Securities and Exchange Commission statement of organization,
            see the Code of Federal Regulations, Title 17, Part 200]

    ------------------------------------------------------------------------

    The Securities and Exchange Commission administers Federal securities
    laws that seek to provide protection for investors; to ensure that
    securities markets are fair and honest; and, when necessary, to provide
    the means to enforce securities laws through sanctions.
    The Securities and Exchange Commission (SEC) was created under authority
    of the Securities Exchange Act of 1934 (15 U.S.C. 78a-78jj) and was
    organized on July 2, 1934. The Commission serves as adviser to United
    States district courts in connection with reorganization proceedings for
    debtor corporations in which there is a substantial public interest. The
    Commission also has certain responsibilities under section 15 of the
    Bretton Woods Agreements Act of 1945 (22 U.S.C. 286k-1) and section
    851(e) of the Internal Revenue Code of 1954 (26 U.S.C. 851(e)).
        The Commission is vested with quasi-judicial functions. Persons
    aggrieved by its decisions in the exercise of those functions have a
    right of review by the United States courts of appeals.

    Activities

    Full and Fair Disclosure  The Securities Act of 1933 (15 U.S.C. 77a)
    requires issuers of securities and their controlling persons making
    public offerings of securities in interstate commerce or through the
    mail to file with the Commission registration statements containing
    financial and other pertinent data about the issuer and the securities
    being offered. There are limited exemptions, such as government
    securities, nonpublic offerings, and intrastate offerings, as well as
    certain offerings not exceeding $1.5 million. The effectiveness of a
    registration statement may be refused or suspended after a public
    hearing if the statement contains material misstatements or omissions,
    thus barring sale of the securities until it is appropriately amended.
    Regulation of Investment Advisers  Persons who, for compensation, engage
    in the business of advising others with respect to securities must
    register with the Commission. The Commission is authorized to define
    what practices are considered fraudulent or deceptive and to prescribe
    means to prevent those practices.
    Regulation of Mutual Funds and Other Investment Companies  The
    Commission registers investment companies and regulates their activities
    to protect investors. The regulation covers sales load, management
    contracts, composition of boards of directors, and capital structure.
    The Commission must also determine the fairness of various transactions
    of investment companies before these actually occur.
        The Commission may institute court action to enjoin the consummation
    of mergers and other plans of reorganization of investment companies if
    such plans are unfair to securities holders. It also may impose
    sanctions by administrative proceedings against investment company
    management for violations of the act and other Federal securities laws
    and file court actions to enjoin acts and practices of management
    officials involving breaches of fiduciary duty and personal misconduct
    and to disqualify such officials from office.
    Regulation of Securities Markets  The Securities Exchange Act of 1934
    assigns to the Commission broad regulatory responsibilities over the
    securities markets, the self-regulatory organizations within the
    securities industry, and persons conducting a business in securities.
    Persons who execute transactions in securities generally are required to
    register with the Commission as broker-dealers. Securities exchanges and
    certain clearing agencies are
    [GRAPHIC] [TIFF OMITTED] T211657.060

    [[Page 513]]

    required to register with the Commission, and associations of brokers or
    dealers are permitted to register with the Commission. The Act also
    provides for the establishment of the Municipal Securities Rulemaking
    Board to formulate rules for the municipal securities industry.
        The Commission oversees the self-regulatory activities of the
    national securities exchanges and associations, registered clearing
    agencies, and the Municipal Securities Rulemaking Board. In addition,
    the Commission regulates industry professionals, such as securities
    brokers and dealers, certain municipal securities professionals,
    government securities brokers and dealers, and transfer agents.
    Rehabilitation of Failing Corporations  In cases of corporate
    reorganization proceedings administered in Federal courts, the
    Commission may participate as a statutory party. The principal functions
    of the Commission are to protect the interests of public investors
    involved in such cases through efforts to ensure their adequate
    representation, and to participate in legal and policy issues that are
    of concern to public investors generally.
    Representation of Debt Securities Holders  The Commission safeguards the
    interests of purchasers of publicly offered debt securities issued
    pursuant to trust indentures.
    Enforcement Activities  The Commission's enforcement activities are
    designed to secure compliance with the Federal securities laws
    administered by the Commission and the rules and regulations adopted
    thereunder. These activities include measures to do the following:
        --compel compliance with the disclosure requirements of the
    registration and other provisions of the relevant acts;
        --prevent fraud and deception in the purchase and sale of
    securities;
        --obtain court orders enjoining acts and practices that operate as a
    fraud upon investors or otherwise violate the laws;
        --suspend or revoke the registrations of brokers, dealers,
    investment companies, and investment advisers who willfully engage in
    such acts and practices;
        --suspend or bar from association persons associated with brokers,
    dealers, investment companies, and investment advisers who have violated
    any provision of the Federal securities laws; and
        --prosecute persons who have engaged in fraudulent activities or
    other willful violations of those laws.
        In addition, attorneys, accountants, and other professionals who
    violate the securities laws face possible loss of their privilege to
    practice before the Commission.
        To this end, private investigations are conducted into complaints or
    other indications of securities violations. Evidence thus established of
    law violations is used in appropriate administrative proceedings to
    revoke registration or in actions instituted in Federal courts to
    restrain or enjoin such activities. Where the evidence tends to
    establish criminal fraud or other willful violation of the securities
    laws, the facts are referred to the Attorney General for criminal
    prosecution of the offenders. The Commission may assist in such
    prosecutions.

                              Regional/District Offices--Securities and Exchange Commission
                                    (R: Regional Director; D: District Administrator)
    ----------------------------------------------------------------------------------------------------------------
             Region/District                      Address                        Official                Telephone
    ----------------------------------------------------------------------------------------------------------------
    Northeast
      New York, NY..................  3 World Financial Ctr., 200     Mark K. Schonfeld (R)             212-336-1020
                                       Vesey St., 10281-1022
      Boston, MA....................  33 Arch St., 23rd Fl., 02108-   David Bergers (D)                 617-573-8900
                                       3912
      Philadelphia, PA..............  Suite 2000, 701 Market St.,     Daniel M. Hawke, Acting (D)       215-597-3100
                                       19106-1532

    Southeast
      Miami, FL.....................  Suite 1800, 801 Brickell Ave.,  David P. Nelson (R)               305-982-6300
                                       33131
      Atlanta, GA...................  Suite 1000, 3475 Lenox Rd.      (Vacancy) (D)                     404-842-7600
                                       NE., 30326-1232

    [[Page 514]]

    Midwest
      Chicago, IL...................  Suite 900, 175 W. Jackson       Merri Jo Gillette (R)             312-353-7390
                                       Blvd., 60604

    Central
      Denver, CO....................  Suite 1500, 1801 California     George Curtis (R)                 303-844-1000
                                       St., 80202-2656

      Fort Worth, TX................  Burnett Plaza, Suite 1900, 801  Rose Romero (D)                   817-978-3821
                                       Cherry St. Unit 18, 76102-
                                       6882
      Salt Lake City, UT............  Suite 1800, 15 W. South Temple  Kenneth D. Israel, Jr. (D)        801-524-5796
                                       St., 84101

    Pacific
      Los Angeles, CA...............  11th Fl., 5670 Wilshire Blvd.,  Randall R. Lee (R)                323-965-3998
                                       90036-3648
      San Francisco, CA.............  Suite 2600, 44 Montgomery St.,  Helane Morrison (D)               415-705-2500
                                       94104
    ----------------------------------------------------------------------------------------------------------------

    Sources of Information

    Inquiries regarding the following matters should be directed to the
    appropriate office, Securities and Exchange Commission, 100 F Street
    NE., Washington, DC 20549.
    Contracts  Inquiries regarding SEC procurement and contracting
    activities should be directed to the Office of Administrative Services.
    Phone, 202-551-7400.
    Electronic Access  Information on the Commission is available through
    the Internet at www.sec.gov.
    Employment  With the exception of the attorney category, positions are
    in the competitive civil service, which means applicants must apply for
    consideration for a particular vacancy and go through competitive
    selection procedures. The Commission operates a college and law school
    recruitment program, including on-campus visitations for interview
    purposes. Inquiries should be directed to the Office of Human Resources.
    Phone, 202-942-7500. Fax, 703-914-0592.
    Investor Assistance and Complaints  The Office of Investor Education and
    Assistance answers questions from investors, assists investors with
    specific problems regarding their relations with broker-dealers and
    companies, and advises the Commission and other offices and divisions
    regarding problems frequently encountered by investors and possible
    regulatory solutions to such problems. Phone, 202-551-6551. Consumer
    information line, 800-732-0330. Fax, 202-772-9295. Complaints and
    inquiries may also be directed to any regional or district office.
    Publications  Blank copies of SEC forms and other publications are
    available in the Publications Unit. Phone, 202-551-4040.
    Reading Rooms  The Commission maintains a public reference room (phone,
    202-551-8090) in Washington, DC, where registration statements and other
    public documents filed with the Commission are available for public
    inspection. Copies of public material may be purchased from the
    Commission's contract copying service at prescribed rates. The
    Commission also maintains a library (phone, 202-551-5450; fax, 202-772-
    9326) where additional information may be obtained.
    Small Business Activities  Information on securities laws that pertain
    to small businesses in relation to securities offerings may be obtained
    from the Commission. Phone, 202-551-3460.

    For further information, contact the Office of Public Affairs,
    Securities and Exchange Commission, 100 F Street NE., Washington, DC
    20549. Phone, 202-551-4120. Fax, 202-777-1026. Internet, www.sec.gov.

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