NASAA President Joe Borg`s Statement on SEC Funding

WASHINGTON (March 7, 2002) – “Not giving securities regulators the money they need to police our growing markets is pennywise and pound-foolish, and a bad investment,” said Joseph Borg, president of the North American Securities Administrators Association and director of the Alabama Securities Commission. “As the attention surrounding Enron’s collapse has shown, we’re a nation of investors. In order to protect those investors, the Securities and Exchange Commission must recruit and retain highly skilled staff. Pay parity and a budget that mirrors the growth in our securities markets are absolutely essential.”

2002 Headlines, Newsroom