Increase in SEC Budget is Intended to Combat Fraud

Reuters reports that President Obama will ask for a budget increase of 13% for the Securities and Exchange Commission for fiscal year 2010.  The increase is intended to improve the Commission's ability to detect fraud, resulting in better protection of investors.  It is believed that the proposed budget will also provide increased funds to the Federal Bureau of Investigation to allow for more agents to investigate white collar crime.

Comments (1)

...
written by Michael McConnell, April 07, 2009

US Regulators should require all financial firms to record and store telephone calls as it is required in the UK by the FSA. This will help prevent and enforce financial crimes.
http://www.finextra.com/fullstory.asp?id=18170

• 
• +0
• 
•