Why are the SEC expanding their New York office?

    

The Securities and Exchange Commission plan to expand their New York office this year as the financial regulator focuses more heavily on investigating hedge funds and brokerages. The agency's New York office plans to hire 18 people on the enforcement side, where it currently employs roughly 150 people, and add 15 people to its' examinations staff, which currently numbers about 210. The push to hire more lawyers, accountants and even former traders comes at a time when the agency is seeking to become more aggressive in going after firms and individuals on Wall Street.

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