SEC Offering 800 Jobs
The Securities and Exchange Commission (SEC) will be offering about 800 jobs to people to carry out the Wall Street reform legislation. The head of the regulatory agency is planning on telling lawmakers. SEC Chairwoman Mary Schapiro will testify on Tuesday before a House Financial Services subcommittee. They will be discussing oversight of the agency and future hurdles that may come because of the financial reform act that is to be signed into law by the President this week. The subcommittee posted her prepared remarks online. The SEC is supposed to regulate financial markets, and its growth is very important in enforcing and carrying out a lot of the new rules in the reform bill that was passed by legislators this past week. Schapiro said that the 800 people they plan to hire would be hired “over time” according to her prepared remarks.
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