Schapiro says Congress should allow SEC to retain fees
Speaking at Harvard University, Mary Schapiro, chairman of the Securities and Exchange Commission, said long-term planning is difficult for the agency because of major swings in its annual budget. Schapiro urged Congress to allow the SEC to retain fees it collects so it can become a self-funded agency. "It is truly critical that, if the SEC is to become the kind of regulatory agency that the American people have a right to expect, we have sufficient, stable long-term funding," she said.
Reuters
| 11/5
This story published in SIFMA SmartBrief on 11/06/2009
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