SEC Commissioner Elisse B. Walter testifies today before the House Committee on Financial Services. Her prepared testimony is a lengthy (32 pages) discussion of the SEC's Enforcement Division, but it is largely just a recap of the Division's mission and recent cases. Among the items in her testimony that appeared to be new information (new to me, at least), are the following:

The Commission expects significant additional distributions to investors this year in large cases including AIG ($800 million), Invesco/AIM ($375 million), and Alliance ($321 million).

In October 2008, the Enforcement Division formed a nationwide "Rumors and Market Manipulation Working Group."

the Commission has brought over 100 cases involving hedge funds in the last five years.

Since commencing its action against Bernard Madoff in December 2008, the Commission has committed 18 enforcement attorneys and investigators in the New York Regional Office, 30 examiners from New York and three other regional offices around the country, and additional staff from Chicago, the Home Office and the Office of International Affairs in Washington D.C.

Walters stated that in her opinion "the SEC's budget for forensic analysis of data produced in the course of its investigations must be increased by orders of magnitude."

The full text of Commissioner Walter's testimony is available here.