Sarbanes Writes Bush, Urging More Funding for SEC Budget

Hume, Lynn
October 2002
Bond Buyer;10/23/2002, Vol. 342 Issue 31497, p5
Trade Publication
Reports that Senate Banking Committee (SEC) chairman Paul Sarbanes has warned the U.S. President George W. Bush that the Securities and Exchange Commission must receive more money to carry out legislative mandates designed to restore investor confidence in the financial market. Shortage of staff in the SEC; Deficiencies in information technology systems; Implementation of a pay parity program for SEC Officials.


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