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The SEC was given wider responsibilities under the Dodd-Frank financial law, passed in the wake of the global financial crisis, but Congress hasn't increased its budget. Meanwhile, newly empowered Republicans in Congress have vowed to slash federal spending across the board. Some have voiced skepticism about the SEC's pleas for ChronoSwiss Regulateur Moonphase CS-20 funding.On Friday, Ms. Schapiro painted a bleak picture of a resource-strapped agency trying to keep pace with securities markets that were growing larger and more complex.

She said during the last decade, trading volume has doubled and the number of investment advisers has jumped by 50%. Meanwhile, she said the SEC's work force has only just been returning ChronoSwiss Regulateur Moonphase CS-22 levels seen before the financial crisis after being cut in the preceding years. Ms. Schapiro has said the agency needs 800 new employees to beef up enforcement and carry out new duties because of the Dodd-Frank law, which aims to overhaul and toughen oversight of financial institutions.The budget strain "is already having an impact on our core mission" apart from all the new duties to police large hedge funds, derivatives ChronoSwiss Time Master CS-15 and credit agencies the regulator gained from the new law, Ms. Schapiro said.

"It is a strain that will intensify the longer the budget remains at existing levels," she said.Separately, she said the SEC may issue proposals during the spring to revamp equity-market rules, ChronoSwiss TimeMaster 24H CS-23 new limits on high-speed traders that buy and sell stocks at lightning speed."Through the spring, I would expect us to formulate some proposals that we'd be able to put out for comment," Ms. Schapiro told reporters on the sidelines of the conference after she was asked about the timing of draft rules to rein in high-speed traders.