SEC needs to add 800 jobs due to reform law

Full Story atmoney.cnn.com

NEW YORK (CNNMoney.com) — The Securities and Exchange Commission will need to hire about 800 new people to carry out the Wall Street reform legislation, the head of the regulatory agency plans to tell lawmakers.

SEC Chairwoman Mary Schapiro will testify before a House Financial Services subcommittee Tuesday, discussing oversight of the agency and future challenges under the financial reform act President Obama plans to sign into law this week. Her prepared remarks were posted online by the subcommittee.

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