“The Securities and Exchange Commission’s budget would increase to $1.78 billion for fiscal year 2017 under the White House’s Feb. 9 budget request, in a step toward the administration’s stated goal of doubling the agency’s funding by 2021.”
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“Grossly underfunding [the SEC] has allowed some on Wall Street to return to their high-risk pre-crash ways of doing business, endangering our financial stability and undermining the mission of financial reform,” Dennis Kelleher, president of nonprofit Better Markets, said in a news release.”
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Read the full Bloomberg BNA article by Rob Tricchinelli here.
