SEC, CFTC Avoid Budget Cuts, But Still Feel Pressure

Law360, New York (April 12, 2011, 8:06 PM EDT) -- The recent 2011 federal budget deal spares U.S. securities and futures regulators from belt-tightening, but agencies say the funding levels unveiled Tuesday still leave them stretched thin as they work to implement landmark financial reforms.

The U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission will receive modest funding increases under the last-minute resolution, which lops $78 billion from the budget President Barack Obama sought for fiscal year 2011 and comes in $38 million lighter than the 2010 budget.

Democrats leading the U.S....
To view the full article, register now.