In her recent testimony before the Subcommittee on Financial Services and General Government in support of President Obama’s FY 2011 budget request of $1.258 billion for the SEC, discussed in detail here, SEC Chairman Mary Schapiro mentioned an interesting new project that I had not heard about before. Schapiro stated that if the proposed FY 2011 budget was approved by Congress, the SEC planned to use additional Enforcement Division resources to improve its information technology. In addition to several short-term projects, Schapiro said that the agency anticipates “major future projects, including a new state-of-the-art IT Forensics Lab.”
