How to Budget for the SEC
Statecraft
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Navigating Budgetary Challenges at the SEC
This chapter examines the budget allocation intricacies faced by the Securities and Exchange Commission during the early Obama administration, particularly focusing on Senator Schumer's proposal for increased funding post-financial crisis. It highlights the complexities of internal management and the pressure from Congress to efficiently utilize these funds, especially in light of challenges following the Bernie Madoff scandal. The discussion also sheds light on the SEC's struggles with monitoring investment advisors, underscoring the impact of resource constraints on regulatory effectiveness.
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