[United States Government Manual]
[September 15, 2009]
[Pages 496-501]
[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                                          Mary L. Schapiro
Commissioners                                     Luis A. Aguilar, 
                                                          Kathleen L. 
                                                          Casey, Troy A. 
                                                          Paredes, 
                                                          Elisse B. 
                                                          Walter
Senior Advisers to the Chairman                   Stephen DeVine, Kayla 
                                                          J. Gillan, 
                                                          Didem A. 
                                                          Nisanci
Director, Office of Legislative and               William Schulz
        Intergovernmental Affairs
Director, Office of Public Affairs                John Nester
Director, Office of Investor Education and        Kristi J. Kaepplein
        Advocacy
Secretary                                         Elizabeth M. Murphy
Executive Director                                Diego T. Ruiz
Associate Executive Director, Office of Human     Jeffrey Risinger
        Resources
Associate Executive Director, Office of           Sharon Sheehan
        Administrative Services
Associate Executive Director, Office of           Kristine Chadwick
        Financial Management
General Counsel                                   David Becker
Director, Division of Corporation Finance         Meredith Cross
Director, Division of Enforcement                 Robert Khuzami
Director, Division of Investment Management       Andrew J. Donohue
Director, Division of Trading and Markets         Erik R. Sirri

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Director, Office of Compliance Inspections and    Lori A. Richards
        Examinations
Chief Accountant                                  James L. Kroeker
Chief Administrative Law Judge                    Brenda P. Murray
Chief Economist                                   James Overdahl
Chief Information Officer, Office of Information  Charles Boucher
        Technology
Director, Office of International Affairs         Ethiopis Tafara
Director, Office of Equal Employment Opportunity  Alta Rodriguez
Director, Office of Risk Assessment               Jonathan S. Sokobin
Inspector General                                 H. David Kotz
Director, Office of Interactive Disclosure        David M. Blaszkowsky

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

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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 


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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 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

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are referred to the Attorney General for criminal prosecution of the 
offenders. The Commission may assist in such prosecutions.


                              Regional Offices--Securities and Exchange Commission
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              City                            Address                        Director                Telephone
----------------------------------------------------------------------------------------------------------------
New York, NY....................  3 World Financial Ctr., 200     Mark K. Schonfeld                 212-336-1100
                                   Vesey St., 10281-1022
Boston, MA......................  23d Fl., 33 Arch St., 02110-    David Bergers                     617-573-8900
                                   1424
Philadelphia, PA................  Suite 2000, 701 Market St.,     Daniel M. Hawke                   215-597-3100
                                   19106-1532
Miami, FL.......................  Suite 1800, 801 Brickell Ave.,  David P. Nelson                   305-982-6300
                                   33131
Atlanta, GA.....................  Suite 1000, 3475 Lenox Rd.      Katherine Addleman                404-842-7600
                                   NE., 30326-1232
Chicago, IL.....................  Suite 900, 175 W. Jackson       Merri Jo Gillette                 312-353-7390
                                   Blvd., 60604
Denver, CO......................  Suite 1500, 1801 California     George Curtis                     303-844-1000
                                   St., 80202-2656
Fort Worth, TX..................  Suite 1900, 801 Cherry St.,     Rose Romero                       817-978-3821
                                   76102-6882
Salt Lake City, UT..............  Suite 1800, 15 W. South Temple  Kenneth D. Israel, Jr.            801-524-5796
                                   St., 84101
Los Angeles, CA.................  Suite 1100, 5670 Wilshire       Rosalind Tyson                    323-965-3998
                                   Blvd., 90036-3648
San Francisco, CA...............  Suite 1100, 44 Montgomery St.,  Marc J. Fagel                     415-705-2500
                                   94104
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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 
Advocacy answers questions from investors, assists investors with 
specific problems regarding their relations with broker-dealers and 
companies, andadvises the Commission and otheroffices 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 in 
Washington, DC, where registration statements and other public documents 
filed with the Commission are available for public inspection Monday 
through Friday, except on holidays, between the hours of 10:00 a.m. and 
3:00 p.m. Phone, 202-551-5850. Copies of public material may be 
purchased from the Commission's contract copying service at prescribed 
rates. The Commission also maintains a library where additional 
information may be obtained. Phone, 202-551-5450. Fax, 202-772-9326.
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.

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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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