The Securities and Exchange Commission said it intended to undertake the establishment of a forensics lab relying on state of the art information technology, to help it oversee the operations of the nation's financial markets.

Chairman Mary L. Schapiro described the lab as one of the securities regulator's "major new projects,'' in testimony Wenesday before the  Subcommittee on Financial Services and General Government of the Committee on Appropriations in the U.S. House of Representatives.

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