chairman shaprio. i am pleased that the dodd-frank act will significantly improve investor problems. the act establishes the office of investor advocate within the commission. it provides the commission with authority to require more meaningful pre-sale disclosures . the commission will also conduct studies on investor financial literacy and on our obligations of brokers dealers and investment advisers. can you please update the committee on the commission's work to implement these provisions? and explain how they can improve investor protection. >> i'd be happy to. and you and i have had many conversations over the years. i will say we're benefited in all these initiatives that were undertaken by the fact that we have really revitalized our office of investor education and advocacy. as an example, for the first time we brought a large group of high school teachers to the s.e.c. this summer to train them in how to impart on education about financial matters throughout their coursework and also in speci