Type of Entity	FY 2005 Totals	Percentage of Total
1	Broker-Dealer	6,239	31%
2	Issuers (Public Companies)	4,027	20%
3	Transfer agents, Paying agents, or Registrars	934	5%
4	Mutual funds (and Other Investment Companies)	652	3%
5	Newsletters and Investment Publications	625	3%

The top five complaints against broker-dealers involved:

	Complaints Against Broker-Dealers Only	FY 2005 Totals	FY 2004 Totals	Change	Rank in 2004
1	Transfer of Account Problems	622	573	Up 8.55%	3
2	Unauthorized Transactions	533	650	Down 18.00%	1
3	Account Closing: Problems with Redemption, Liquidation, or Closing	518	439	Up 18.00%	5
4	Account Records: Errors or Omissions	433	402	Up 7.71%	n/a
5	Unsuitable Recommendations	395	454	Down 13.00%	4

Speech by SEC Commissioner:
New Challenges in Regulating Financial Markets:
Remarks at NYU Stern

by

Commissioner Roel C. Campos

U.S. Securities and Exchange Commission

New York, New York
March 24, 2006

Thank you for that kind introduction Ingo (Walter). This panel could not be more timely with the numerous merger and acquisition discussions - cross-border, pan-European, and pan-American - as well as SRO regulatory deficiencies that have been fodder for the news over the last two years. I look forward to some hearty discussions!

I'd also like to thank Harvey Goldschmid for his invitation to join you today. It was extremely enjoyable to work with Harvey when he was at the Commission. Harvey, your insights and complex, long, obscure professorial examples are truly missed, but I am sure the students at Columbia are better for our loss!

I only have a few minutes to lay out some thoughts this morning before we begin the interactive portion of the panel, so forgive me if I take liberties, but I'm trying to be brief.