The other half of the Securities and Exchange Commission budget request for 2027 is a report on its performance in fiscal year 2025.
How did the SEC perform in enforcement actions?
The SEC was off its game. The 85% metric was the lowest in years. I believe this number might dip some more with the voluntary dismissal of so many crypto-related enforcement actions this year.
How about examinations?
FY2025 exceeded the plan for examinations of investment advisers. I was kind of stunned to see FY2026 and FY2027 planning to reduce the percentage of examinations.
Lots of other metrics to be found in second half of the report.
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