securitiesdocket.com - 30 days ago
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The House Financial Services Committee today approved more than $1 billion in additional funds annually over five years to the SEC. MarketWatch reports that such an increase would represent a doubling of the agency’s funding. In addition to raising its funding, the approved legislation ...
Fiscal Year 2009: The SEC’s Year from Hell
securitiesdocket.com 10/14/2009 — For the Securities and Exchange Commission, which operates on a fiscal year that ends every September, Oct. 1, 2009, could not come soon enough. It seems almost beyond dispute that the agency’s fiscal 2009 was the most dismal in its history, and perhaps the most transformational.
Now it ...
SEC Self-Funding: The Time Has Come
feedproxy.google.com 9/9/2009 — B. Carton
As I argued in this column last month, the Securities and Exchange Commission budget has been well below where it should be for several years. This shortfall has caused the SEC to suffer a 10 percent reduction in staff and a cut of more than 50 percent in its new technology ...
Senate Bill Will Allow Self-Funding of SEC
securitiesdocket.com 25 days ago — Last week, the House Financial Services Committee approved more than $1 billion in additional funds annually over five years to the SEC, which would more than double the agency’s funding. Now the Senate is moving forward with its own plan for funding the SEC that reportedly would allow the ...
Fixing the SEC
ritholtz.com 10/1/2009 — The problems at the SEC were decades in the making.
Essentially the largest prosecutor’s office in the country, they have been undercut at every turn: Their staffing was far too small to handle the jurisdiction (Wall Street and corporate ...
On SEC Funding, Congress Must Put Up or Shut Up (or Give Up and Allow Self-Funding)
securitiesdocket.com 8/11/2009 — Back in January, U.S. Rep. Gary Ackerman (D-N.Y.) was recognized to speak at a House sub-committee hearing about the Madoff Ponzi scheme and the need for better regulatory oversight to prevent such fraud. He promptly lashed out at a witness from the Securities and Exchange Commission, stating: ...
SEC Heal Thyself: Compliance Program Revamped
securitiesdocket.com 6/9/2009 — The Securities and Exchange Commission just hasn’t had enough bad news recently, so last month the media piled on even more: a probe of insider-trading allegedly going on inside the SEC.
Specifically, the agency’s inspector general has found evidence of “suspicious activity, appearances of ...
Fixng the SEC
ritholtz.com 9/30/2009 — The problems at the SEC were decades in the making.
Essentially the largest prosecutor’s office in the country, they have been undercut at every turn: Their staffing was far too small to handle the jurisdiction (Wall Street and corporate ...
Today’s Testimony of SEC Chairman Mary Schapiro Before Senate Subcommittee
securitiesdocket.com 6/2/2009 — Today, SEC Chairman Mary Schapiro testifies before the U.S. Senate Committee on Appropriations’ Subcommittee on Financial Services and General Government. A copy of her prepared testimony is available here. Key sections of her testimony are laid out below:
»»REINVIGORATING SEC ...
How the New SEC Enforcement Director Can Help Restore Investor Confidence
securitiesdocket.com 4/14/2009 — by Bruce Carton
Robert Khuzami began his new job as director of the Enforcement Division at the Securities and Exchange Commission on March 30. His arrival marks the first change in leadership for the Enforcement Division since 200
Khuzami joins the SEC from Deutsche Bank AG in New York, ...
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