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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInSEC Would See Enforcement Funding Boost in Biden’s Budget Plan
The Securities and Exchange Commission would receive $2.15 billion in President Joe Biden’s fiscal 2023 budget proposal, an 11.4% increase from fiscal 2021. The agency’s Enforcement Division would get a $53 million increase. Government agencies were operating at the fiscal 2021 spending level, with some adjustments, until fiscal 2022 appropriations were enacted earlier this month. […]
SEC Approves 2020 PCAOB Budget and Accounting Support Fee
The 2020 PCAOB budget totals $284.7 million, an increase of approximately 4.0% from its 2019 budget. The accounting support fee totals $270.2 million, approximately 2.8% more than the 2019 accounting support fee, of which $239.7 million will be assessed on public companies and $30.5 million will be assessed on broker-dealers. The accounting support fee approximates […]
House Panel OKs Approps Bill Hiking SEC Enforcement Funding
A funding boost for SEC enforcement, compliance inspections, and other agency programs cleared a major hurdle in the House June 11. The House Appropriations Committee approved legislation that would give the Securities and Exchange Commission about $1.9 billion, approximately $200 million more than it requested for fiscal 2020 and received in fiscal 2019. The panel […]
SEC chair to stress cyber risk in Congressional budget testimony | Reuters
The head of the U.S. Securities and Exchange Commission (SEC) will warn of the need to boost its defenses against “advanced” and “persistent” cyber threats when he asks Congress on Tuesday for more funding, according to prepared remarks seen by Reuters on Monday. … In prepared remarks, he will tell lawmakers that the agency has […]