More funding won’t boost SEC’s exams
The Securities and Exchange Commission plans to inspect just 9% of the 11,000 investment advisory firms that it oversees — the same percentage of firms it expects to examine this year.
Despite being on track to receive a whopping 12% budget increase for next year, the Securities and Exchange Commission plans to inspect just 9% of the 11,000 investment advisory firms that it oversees — the same percentage of firms it expects to examine this year.
Instead, the SEC, whi
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