Pres. Obama’s Budget Expected to Bring 13% Increase in SEC Funding

Under President Obama’s proposed budget, the SEC is expected to receive a 13% increase in funding next year, which would bring its 2010 budget to about $1.02 billion. After several years of relatively little increase in its budget, the boost would allow the SEC to increase its resources including staff and technology to “pursue a risk-based, efficient regulatory structure that will better detect fraud and strengthen markets,” the Obama Administration stated.  Additional of the details are available in this post on my Enforcement Action blog over at Compliance Week.