The broadest shake-up in US financial services law since the Great Depression will likely require the Securities and Exchange Commission to beef up its staff with 800 new positions, the SEC’s chief said in prepared remarks. Carrying out these new responsibilities will be “logistically challenging and extremely labor intensive,” SEC chairman Mary Schapiro said in testimony prepared for a House of Representatives subcommittee hearing.
SEC may beef up staff to enforce new law
Most Popular Articles
Latest Articles
Pending home sales pick up in February: NAR
Transactions remain 7% lower on an annualized basis as mortgage rates remain an obstacle
-
11 real estate events & conferences to help you thrive in 2024
-
In quest to grow reverse business, US Mortgage Corporation hires Krajewski
-
NAR wants VA to change rules that prohibit veteran buyers from paying broker commissions
-
Renters gain financial edge over homebuyers in key U.S. markets: Realtor.com
-
Reverse-centric Ibis Software appoints Sivori to board of directors