SEC Seeks Budget Boost to Restore Staff

The Securities and Exchange Commission on Monday requested a $1.66 billion budget for fiscal year 2019, a 3.5% increase over the agency’s 2018 request, which would allow the securities regulator to restore 100 positions lost during the 2017 hiring freeze. The agency’s annual appropriations has remained essentially flat from 2016 to 2018, at $1.6 billion. However,…