The SEC is trying to push through budgetary challenges arising from the recently-passed spending bill for FY 2014, but it can still feel good that it does not face the types of constraints facing the UK’s Serious Fraud Office. The SFO had to apply to the Treasury this week for £19m “to meet an urgent cash requirement on existing services” and also to “settle material liabilities,” the Financial Times reports.
via Cash-Strapped SFO Makes Urgent Request to Treasury for £19M – Compliance Week
