Attys Side With SEC And CFTC As Budget Battle Looms

Law360, New York (April 11, 2013, 8:17 PM EDT) -- The White House's $2 billion budget request for the U.S. Securities and Exchange Commission and U.S. Commodity Futures Trading Commission in 2014 faces stiff opposition in Congress, but securities attorneys say the agencies need more funding in order to remain effective — and relevant.

In his 2014 budget released Wednesday, President Barack Obama asked Congress to approve a $1.67 billion budget for the SEC and a $315 million budget for the CFTC, marking an increase for the agencies of 27 percent and 54 percent, respectively....
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