IPT Activities

Founded in 1993 as part of a multi-state settlement to resolve charges of misconduct, the Investor Protection Trust serves as an independent source of non-commercial investor education. Since 1993 the IPT has worked with the States and at the national level to provide the independent, objective investor education needed by all Americans to make informed investment decisions.

In April 2003, the North American Securities Administrators Association (NASAA), the U.S. Securities and Exchange Commission, FINRA, and the New York Stock Exchange announced the settlement of enforcement actions involving conflicts of interest between the research and investment banking operations of 10 of the nation’s largest investment firms. Seven of the firms agreed to pay a total of $80 million for investor education purposes. Of that amount, $30 million was paid to State Securities Regulators and those funds comprise the Investor Education Fund overseen by the IPT. Additional State settlements continue to be deposited with IPT.

IPT operates programs under its own auspices and uses grants to underwrite important investor education and protection initiatives carried out by other organizations.

IPT Trustees

IPT functions under the direction of a Board of Trustees which is composed of State Securities Regulators or their designees. Current IPT Trustees are:

Lynne Egan

Deputy Securities Commissioner

Montana Office of the State Auditor

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Irving L. Faught

Administrator

Oklahoma Securities Commission

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Craig A. Goettsch

Director of Investor Education and Consumer Outreach/Securities Counsel

Iowa Insurance Division

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Stephen D. Irwin

Commissioner

Pennsylvania Department of Banking and Securities

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Theodore A. Miles

Associate Commissioner, Securities

District of Columbia Department of Insurance, Securities and Banking

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IPT President and CEO

Don M. Blandin was appointed President and CEO of the Investor Protection Trust in June 2004.

Biography of Don Blandin

June 2004 Announcement Press Release

IPT Financial Information

IPT posts its monthly financial statements as well as information on making contributions to IPT.

IPT Financial Information

Contributing to IPT