Like Mary Schapiro before her, SEC Chair Mary Jo White has been adamant from the first days of her term as chairman that the SEC’s budget is inadequate to properly fund the agency. As discussed here, in her first testimony before Congress back in May 2013, White made her case for why the SEC’s FY 2014 budget should be increased to $1.674 billion — a 26 percent increase over the SEC’s FY 2013 budget of $1.321 billion. White testified that “the current level of resources is not sufficient to permit the SEC to examine regulated entities and enforce compliance with the securities laws in a way that investors deserve and expect.”
