The purpose of doing so was to promote investor education in Pakistan.

It will also pay $75 million over the next five years for independent research, and $25 million on investor education.

Government podcasts on subjects such as investor education, and social security.

"How can we be better prepared, with investor education, rule-making and enforcement?"

The money could be used by the states for enforcement purposes, investor education or could go into a general fund.

Are these reasons to do more investor education?

The report suggests investor education will become even more important as the baby boomer generation enters retirement.

"But nothing can help more than investor education."

"These cases show the real need for investor education which would help people like these protect themselves against unscrupulous brokers," he said.

"This isn't about investor education - it's about lobbying for a bigger budget."