More examinations may be in store for U.S. registered investment advisers as Securities and Exchange Commission Chairman Mary Jo White seeks to raise the current proportion of 8% examined each year. Speaking at the Securities Industry and Financial Markets Association's annual conference, White acknowledged the SEC's tight budget but said the commission is trying to better use the staff it has by focusing on recurring problems surfaced through sweep exams. However, "we're not going to take any resources away from bigger frauds and the bigger cases. That would be a huge mistake," White said.
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