Commentary

Anne Plested
Traders Magazine Online News

More Unanswered Questions

Anne Plested from Fidessa highlights potentially harmful effects of the MiFID II trading obligations for shares.

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As firms and venues begin to report trade data to the CAT, what is your biggest concern with the system and data?






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April 1, 2002

More Staff for the SEC?

By Gregory Bresiger

The Securities and Exchange Com mission has begun a four-month study to examine its "efficiency, productivity and resources." The SEC recently asked for higher staffing levels in light of the recent Enron scandal.

"The special study will enable us to ascertain whether we need staffing or other resources beyond the amount we requested, or whether more efficient use of existing staffing and other resources may meet our needs," said Harvey Pitt, SEC Chairman.

Pitt has already asked Congress to increase SEC staffing by 100 professionals. He said the extraordinary demands on staffing caused by the loss of the Northeast regional office in the Sept. 11 tragedy, as well as the demands of investigating the Arthur Andersen, Global Crossing and Enron problems, have necessitated the additional staff.