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Investment Advisers

White Makes Case for Bigger S.E.C. Budget

"Mary Jo White cleared a rite of passage on Tuesday: she asked Congress for more money.

"Like most Securities and Exchange Commission chiefs before her, Ms. White testified before a Senate Appropriations subcommittee to outline her agency’s need for a bigger budget. In the testimony, she called for new resources to complete an overhaul of financial regulation and to keep a closer eye on Wall Street fraud.