Securities and Exchange Commission Chair Mary Jo White divulged Thursday “some” of the extra $100 million the agency is receiving for its budget year ending September 30 will be used to hire more examiners to review financial advisors.

Only 10 percent of advisors are reviewed each year. Investor advocates have long contended that infrequency could open the door to fraud.

On another issue, she said the fact the commission is down to three members from its full complement of five will not slow down or curtail the SEC’s work.

“We are proceeding with our agenda,” she said.

In mid-October, President Obama nominated Democrat Lisa Fairfax, a George Washington University securities jLaw professor, and Hester Peirce, George Mason University Mercatus Center Financial Markets Working Group director, to fill the vacancies caused by the departures of Republican Daniel Gallagher and Democrat Luis Aguilar.

However, the Senate Banking Committee has not scheduled a hearing on their appointments even though Peirce is a former aide to Banking Committee Chairman Richard Shelby.

The two must be confirmed by the full Senate before they can start working.

Michael Piwowar, the lone current Republican member on the SEC, refused to say Thursday if he would skip meetings to prevent rules and enforcement actions he doesn’t like.

An SEC quorum is required to do business.

For years, many of the commission’s decisions have been on party-line votes.

Kara Stein, one of the two Democratic members, said she has given little thought to whether Piwowar could stop rule makings she supports and would not comment whether the possibility worries her.

The remaining of the current commissioner, SEC Chair White, is also a Democrat.