The US SEC also asked for an increase in their budget on Tuesday
The chairman of the US Commodity Futures
and Trading Commission (CFTC) has on Tuesday asked the US
Congress for an $80m increase in its 2017 budget, in order to
meet the body's "dramatically expanded" responsibilities.
"Sensible regulation requires resources.
While our progress has been significant, the agency does not
have the resources necessary to adequately oversee these
markets in the way that the public deserves. Our budget is
simply not proportionate to the responsibilities we face," CFTC
chairman Timothy Massad said in his testimony to support
President Obama’s fiscal year 2017 budget.
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