2.  James (Jim) Holden utilizes years of legal
experience to serve as the chief deputy
treasurer and general counsel for the
Indiana state treasurer. In this role, Jim
Holden has developed expertise in contract
and tax law, as well as knowledge of
securities laws and regulations. Securities
regulation is an area of federal and state
law that seeks to maintain fair markets by
governing securities transactions
conducted by brokers, dealers, and
principal shareholders.

3.  After the Great Depression, Congress
introduced the initial securities laws under
the Federal Securities Act of 1933, which
regulates interstate commerce in terms of
the public sale of securities. The legislation
also requires that securities be registered
with the Securities and Exchange
Commission prior to the proposed or actual
sale.

4.  To enforce these regulations, Congress
passed the Securities Exchange Act of
1934, through which it established the
Securities and Exchange Commission
(SEC). The SEC has since been enforcing
registration requirements so that
securities buyers can make informed
decisions based on the data companies
provide.