SEC Investor Education Information Accompanying IRS Refund Checks to 3 Million Americans

Washington, D.C., May 2, 2008 — The Securities and Exchange Commission today announced that investors awaiting their refund checks from the Internal Revenue Service will simultaneously be receiving information about a new SEC phone-based resource that can help them learn more about various investing topics and avoid investment scams.

More than 3 million Americans will receive an SEC investor information card as an insert with IRS refund checks being mailed on May 3. The SEC's largest-ever direct mail outreach effort is intended to reach millions of Americans, particularly senior citizens, who do not have Internet access to online investor education information.

"By sending investor information in the same envelopes as IRS refund checks, the SEC is saving taxpayer money and using the combined services of the federal government to further its mission of educating all American investors," said Kristin Kaepplein, Director of the SEC's Office of Investor Education and Advocacy. "The sheer scope of our effort, the largest of its kind, demonstrates our commitment to helping all investors make informed decisions, including those without Internet access."