Statement From Chairman Schapiro on Proposed Budget for SEC

The following is a statement from SEC Chairman Mary L. Schapiro regarding the President's FY 2010 budget request for the SEC, which represents a 13 percent increase over its FY 2008 budget:

"The President's requested budget increase for the SEC would enable us to increase our staff and use new technology to pursue risk-based approaches that would better detect fraud and ensure stronger oversight of the nation's securities markets. We appreciate these additional resources that would help strengthen and reinvigorate the SEC and rededicate our commitment to the protection of investors."