May 7, 2009
SEC's 2010 Budget Request Emphasizes Enforcement Efforts
President Obama's 2010 budget would increase the SEC's funding by 6.8%, to $1.027 billion, and the CFTC's funding by 8.8%, to $161 million. WSJ, SEC, CFTC Would Get More Enforcement Resources. The SEC has posted on its website its FY 2010 Congressional Justification in Brief that provides detail on the budget request. The SEC identifies 63% of its budget to "enforce compliance with federal securities laws," 17% to "foster informed investment decision making," 9% to "promote healthy capital markets," and 11% to "maximize the use of SEC resources" (Chart 1).
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