Agency can't spend 2003 budget fast enough.

Failing to hire hundreds of new accountants and investigators, the SEC will return approximately ap·prox·i·mate
adj.
1. Almost exact or correct: the approximate time of the accident.

2. $103 million of its fiscal 2003 budget to the general Treasury fund.

The SEC had received a 45 percent increase in funding this year, the largest increase in the agency's history. The money was targeted for the hiring of more than 840 employees.

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Title Annotation:	SEC News; Securities and Exchange Commission
Publication:	California CPA
Article Type:	Brief Article
Geographic Code:	1USA
Date:	Sep 1, 2003
Words:	57
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