Senate panel votes to boost SEC funding for adviser examiners

07/26/2013 | Financial Advisor online

The Senate Appropriations Committee's Financial Services Subcommittee this week voted in favor of President Barack Obama's requested 33% increase in funding for the Securities and Exchange Commission. The increase would allow the SEC to hire staff to conduct more adviser exams. However, the House has opposed increased SEC funding, making it unlikely that the Senate panel's increase will remain in the final fiscal 2014 budget.

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