Office of the Investor Advocate

Provides a voice for investors by ensuring their needs are reflected in decisions made at the SEC and elsewhere in the federal government and securities industry.

About

The Office of the Investor Advocate (OIAD) was established by Congress to identify, analyze, and address the concerns of investors.

The office has five key functions:

  • Assisting retail investors
  • Identifying areas in which investors would benefit from regulatory changes
  • Identifying problems with financial service providers and investment products
  • Analyzing the potential impact of proposed rules and regulations on investors
  • Proposing appropriate changes to the Commission and Congress

SEC Ombuds Can Assist Retail Investors

The SEC Ombuds is part of the Office of the Investor Advocate and can assist with a concern, question, or complaint about the SEC or a self-regulatory organization (SRO) that is subject to SEC oversight. 

Submit your query through the Ombuds Matter Management System (OMMS).

What's New

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Cristina Begoña Martin Firvida

Director, Office of the Investor Advocate

Contact the Investor Advocate

202-551-3302
OIAD Report on Objectives FY24

Investor researc POSITIER graphic

Investor Research

The Investor Advocate conducts investor research that may encompass surveys, focus groups, and other methods to gain insight into investor behavior and provide data regarding the potential impacts of rules and regulations on investors.
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Reports to Congress

The Investor Advocate was established by Congress and submits two reports on an annual basis to summarize its activities, policy objectives, and research.

Policy Analysis and Recommendations

The Investor Advocate can propose regulatory changes that may be appropriate to promote the interests of investors. Analysis and recommendations can be found in comment letters, white papers, and other statements.

Last Reviewed or Updated: Feb. 8, 2017