The U.S. Securities and Exchange Commission needs a bigger budget to be effective in meeting the responsibilities it inherited after the financial crisis, according to its strategic plan for 2014-2018. "The SEC's ability to meet its statutory mission and the performance goals and strategic objectives outlined in this Strategic Plan are inherently dependent upon the SEC obtaining sufficient resources, which the agency needs to keep pace with the growing size and complexity of the securities markets and the broad oversight and enforcement responsibilities," the report said. The SEC has requested $1.7 billion in its budget for fiscal year 2015, an increase from the current $1.3 billion budget. SEC Chair Mary Jo White has said the money will improve the SEC's enforcement program and bolster its investments in surveillance tools. The problems with funding come at a time the SEC is dealing with several challenges. Legislation passed after the financial crisis expanded its responsibilities
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