SEC Reform Must Come Before More Funding: GOP

Law360, New York (December 14, 2011, 6:17 PM EST) -- Significant reform at the U.S. Securities and Exchange Commission needs to come from within before the agency can expect to receive increased funding, two key U.S. House of Representatives Republicans said Wednesday, arguing the agency must do more with what it has.

At a hearing on the SEC held at the U.S. Chamber of Commerce in conjunction with the release of a new report, Reps. Scott Garrett, R-N.J., and Jo Ann Emerson, R-Mo., said the agency's failures in recent years, including its inability to catch Bernard...
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