The Securities and Exchange Commission would receive $1.7 billion under President Barack Obama's fiscal 2015 budget plan, released Tuesday, a 26 percent increase over the 2014 enacted level of $1.35 billion.
The extra funds would be used to add 639 additional staffers; 316 would be added to the agency's Office of Compliance Inspections and Examinations, with 240 of those examiners devoted solely to overseeing advisors.
The 316 added staffers would boost the total number of SEC examiners to 1,283.
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Melanie Waddell
Melanie is senior editor and Washington bureau chief of ThinkAdvisor. Her ThinkAdvisor coverage zeros in on how politics, policy, legislation and regulations affect the investment advisory space. Melanie’s coverage has been cited in various lawmakers’ reports, letters and bills, and in the Labor Department’s fiduciary rule in 2024. In 2019, Melanie received an Honorable Mention, Range of Work by a Single Author award from @Folio. Melanie joined Investment Advisor magazine as New York bureau chief in 2000. She has been a columnist since 2002. She started her career in Washington in 1994, covering financial issues at American Banker. Since 1997, Melanie has been covering investment-related issues, holding senior editorial positions at American Banker publications in both Washington and New York. Briefly, she was content chief for Internet Capital Group’s EFinancialWorld in New York and wrote freelance articles for Institutional Investor. Melanie holds a bachelor’s degree in English from Towson University. She interned at The Baltimore Sun and its suburban edition.
