President Barack Obama's fiscal 2017 budget proposal
includes a goal of doubling the SEC's funding over the next
five years with the objective of protecting investors through the
stronger regulation of investment advisers. The proposal earmarks
an 11% increase to the SEC's budget, which would reach $1.8
billion. The SEC is looking to
increase its scrutiny of the approximately 11,500 registered
investment advisers and this budget increase would allow it to add
100 employees to its adviser-exam staff. The president's final
budget proposal also includes a 32% increase to the CFTC's
budget, which would rise to $330 million.
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