House of Representatives Committee on Financial Services Subcommittee on Investor Protection, Entrepreneurship and Capital Markets - The SEC's budget has been essentially frozen around $1.6 billion for years, resulting in a multi-year hiring freeze, and a reduction of about 400 professional staff through attrition.  Yet the SEC is now dealing with bigger and more complex trading markets, more complicated products, huge datasets, cross-border scams.

To read more, click here: https://financialservices.house.gov/uploadedfiles/hhrg-116-ba16-wstate-crimminss-20190619.pdf