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SEC may get 13% funding increase

Posted on 27 February 2009

From WSJ: The Securities and Exchange Commission is expected to receive a 13% funding boost next year, bringing its 2010 budget to a record high of more than $1 billion. The Commodity Futures Trading Commission’s budget is expected to receive a 44% boost in funding to increase it to $160 million.

“Robust markets depend on clear rules of the road enforced by strong, impartial regulators. This past year, the consequences of poor market oversight became abundantly clear,” the Office of Management and Budget said….. Full Article: Source


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