SEC Issues Congressional Justification for FY 2015 Budget and FY 2013 Performance Report

The SEC published its FY 2015 Budget Justification to Congress, which outlines the SEC's request of $1.7 billion for its FY 2015 budget and includes the FY 2013 annual performance report. The SEC stated that the budget will allow the agency to hire an additional 639 positions to assist in (i) remedying inadequate examination coverage for investment advisers and other key aspects of its jurisdiction; (ii) strengthening its core investigative, litigation and analytical enforcement functions; and (iii) continuing the agency's investments in the technologies needed to keep pace with today's high-tech, high-speed markets. Additionally, the SEC provided an overview of its strategic goals for FY 2014-2018 that included:

• fostering and enforcing compliance with the federal securities laws;
• establishing an effective regulatory environment;
• facilitating access to the information that investors need to make informed investment decisions; and
• enhancing the SEC's performance through the effective alignment and management of human, information and financial capital.

Additionally, the report included an annual FY 2013 performance report that outlined the SEC's strategic goals and performance results.

See: SEC Report; Outline of Report.