SEC Chief Says Agency Is Badly Underfunded — The Fiscal Times

In a speech at an agency conference, Securities and Exchange Commission Chairman Mary Jo White said that at a time when new laws and regulations have increased her agency’s responsibilities, “our funding falls significantly short of the level we need to fulfill our mission to investors, companies, and the markets.”

“As Chair, I owe a duty to Congress, the staff, and to the American people to use the funds we are appropriated prudently and effectively. But it also is incumbent upon me to raise my voice when the SEC is not being provided with sufficient resources.” 

via SEC Chief Says Agency Is Badly Underfunded — The Fiscal Times