SEC spending cuts make enforcement difficult

05/7/2008 | Bloomberg

Funding levels at the Securities and Exchange Commission haven't kept pace with Wall Street's biggest firms and may have led to the agency's failure to predict the collapse of Bear Stearns. SEC spending fell 1.3% last year after gains made during the Enron and WorldCom era. The SEC has also lost 386 employees, or 10% of its work force, in a two-year period.

View Full Article in:

Bloomberg

Published in Brief: