Bloomberg Law
Feb. 12, 2018, 5:38 PM

SEC Seeks $45 Million for Tech Initiatives in 2019 Budget

Andrew Ramonas
Andrew Ramonas

The SEC is looking for $45 million to improve its cybersecurity and better detect suspicious trading as part of a technology modernization effort, according to the agency’s fiscal 2019 budget request to Congress.

The request was part of a $1.658 billion funding proposal the Securities and Exchange Commission released Feb. 12. The new technology money would help the agency enhance the security of its Electronic Data Gathering, Analysis, and Retrieval (EDGAR) corporate filings database; better monitor high-frequency trading; and take on other tech modernization priorities, according to the commission.

The agency disclosed last year hackers breached the EDGAR system in ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.