About the Fair Fund
The Fair Fund is a restitution program established under the Sarbanes-Oxley Act of 2002. It empowers the SEC to distribute collected penalties and disgorgements directly to investors who were harmed by violations of federal securities laws.
About the SEC
The U.S. Securities and Exchange Commission (SEC) is an independent federal agency responsible for protecting investors, maintaining fair, orderly, and efficient markets, and facilitating capital formation.
Established in 1934, the SEC enforces federal securities laws, regulates securities markets, and oversees key participants including brokers, dealers, investment advisors, and mutual funds.
Through enforcement actions, the SEC recovers funds from violators. The Fair Fund program allows the SEC to distribute these recovered funds directly back to harmed investors, helping to make them whole after fraud or misconduct.
For more information, visit the official SEC website.
Eligibility
Investors may be eligible for a distribution if they:
- Purchased affected securities during the specified period
- Incurred financial harm as a result of the misconduct
- Submit a valid and timely claim form
For each fund, a Plan of Distribution outlines specific rules and criteria.
Notable Cases
- Enron Fair Fund: Over $445 million returned to investors
- WorldCom Fair Fund: $150 million distributed
- Bank of America: $150 million in penalties distributed to harmed investors
Contact & More Information
To learn more about open Fair Funds, distribution plans, and claims:
Visit the official SEC page:
https://www.sec.gov/enforce/fair-funds
Or submit your claim directly:
Fair Fund Claim Form