Coalition Statement on President Obama’s Proposed FY 2016 Budget

The Financial Planning Coalition issued the following statement regarding President Obama’s FY 2016 budget proposal:

“The Financial Planning Coalition is pleased that President Obama addresses the current and persistent underfunding of the SEC in his 2016 budget proposal, once again requesting $1.7 billion. While Congress modestly increased the SEC’s budget for 2015, the agency’s funding remains woefully inadequate, impeding its oversight and examination of investment advisers. We urge lawmakers to support greater investor protection by adequately funding the SEC.”