CFTC, SEC urge senators to increase their budgets

The US Commodity Futures Trading Commission (CFTC) and the Securities Exchange Commission (SEC) have urged senators to increase their budgets by $80m and $176m respectively, as they need more staff, arguing that the monetary increase is minor when compared to what the agencies return in penalties.

By Carmen Germaine (April 12, 2016, 4:47 PM EDT) -- The heads of the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission on Tuesday urged senators to increase their budgets by $176 million and $80 million, respectively, saying that they need more staff and that the increases are minor compared to what the agencies return in penalties....

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