On January 26, 2006, WLF filed formal comments with the Securities and Exchange Commission (SEC), urging it to amend its plan for distribution of funds collected from companies that engaged in unfair stock trading practices, to ensure that all such funds are distributed only to those who were injured by such practices. WLF argued that the proposed plan was deficient under the Sarbanes-Oxley Act (which established the Fair Funds for Investors program) because it did not provide for the distribution of $50-70 million of collected funds. WLF said it feared that unless such a provision is adopted, the SEC may decide to deposit those funds into the U.S. Treasury. The SEC has amassed a $250 million fund as a result of settlements with NYSE specialist firms accused of using improper trading practices. WLF argued that the SEC should retain left-over funds to allow interest to be paid on losses and to ensure that any late-filed claims for damages can be covered.