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For fiscal year 2017, the Obama administration will ask Congress to increase the budgets for the SEC by 11 percent and for the CFTC by 32 percent.
For the last budget of his presidency, Barack Obama will be calling for increased funding of the two main watchdogs of the securities industry — the SEC and CFTC — as a way of maintaining his administration’s Wall Street reforms after he leaves office. The forthcoming budgetary request came to light via a blog posting...
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