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To be clear, [Security Traders Association] has no opinion on whether Chair Gensler’s $2.149 billion request is too much, or too little. We simply ask: why should the equities market bear the entire burden of funding a regulator charged with overseeing multiple asset classes? It’s a question we asked in 2014, and we have yet to […]
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. […]
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 […]
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 […]
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 […]