Obama Budget Pushes SEC, CFTC Funding Boosts

Law360, New York (February 1, 2010, 7:05 PM EST) -- The White House on Monday proposed a 2011 budget allotting $1.23 billion to the U.S. Securities and Exchange Commission and $261 million to the Commodity Futures Trading Commission, up from the current budget's $1.1 billion and $169 million, respectively, in a move intended to help the regulators root out fraud and step up enforcement.

Under President Barack Obama's proposed budget for fiscal year 2011, the SEC would receive more than $1.23 billion, representing a $130 million boost over fiscal year 2010.

The SEC would use those...
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