The mission of the U.S. Securities and Exchange Commission is to protect investors maintain fair orderly and efficient markets and facilitate capital formation. As more and more first-time investors turn to the markets to help secure their futures pay for homes and send children to college our investor protection mission is more compelling than ever. As our nation's securities exchanges mature into global for-profit competitors there is even greater need for sound market regulation. And the common interest of all Americans in a growing economy that produces jobs improves our standard of living and protects the value of our savings means that all of the SEC's actions must be taken with an eye toward promoting the capital formation that is necessary to sustain economic growth.