In FY 2008, the SEC was authorized by Congress to spend $906 million, a 2 percent increase over the approximately $888 million authorized in FYs 2006 and 2007.
Cumulative Spending Authority Graph in Millions: FY06=$888  FY07=$882  FY08=$906
Cumulative Spending Authority
Enforcement Complaint Center and OIEA Investor Contacts FY 2004 to FY 2008 Graph in Millions:
Enforcement Complaints, Tips, and Referrals — FY04=299,420  FY05=618,584  FY06=1,393,312  FY07=1,586,258  FY08=614,945;
OIEA Requests for Assistance/Information — FY04=301,424  FY05=620,589  FY06=396,729  FY07-732,769  FY08=613,300
Enforcement Complaint Center and OIEA  Investor Contacts FY 2004 to FY 2008
Enforce Compliance Enforcement Complaints, Tips, and Referrals

Promote healthy capital markets OIEA Requests for Assistance/
Financial Snapshot
The agency monitors its performance across a number of strategic measures that gauge the impact, timeliness, and quality of its operations. Due to aggressive and sustained efforts by SEC staff, the agency improved results across its strategic performance measures in FY 2008 with nearly 74 percent of planned performance levels either being met or exceeded.

Helping Investors

SEC staff throughout the agency work on behalf of investors—analyzing information and assessing potential wrongdoing, assisting individuals in resolving matters with the firms or representatives handling their investments, and providing valuable educational materials.

In FY 2008, agency staff handled over 600,000 tips sent by individuals to the SEC’s Enforcement Complaint Center (ECC) while the Office of Investor Education and Advocacy (OIEA) responded to over 600,000 contacts, including 77,000 requests for assistance, closing nearly 16,000 Freedom of Information Act requests, and distributing over 500,000 educational pamphlets on investing matters. A falloff in ECC complaints about investment spam, the result of the SEC’s successful initiative to combat spam-driven stock market manipulations, was responsible in large part for the significant decrease in contacts from FY 2007. Launched in 2007, the anti-spam initiative focused on protecting investors from potentially fraudulent email solicitations hyping stocks.