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SEC, CFTC Get Budget Fund Increase

The Securities and Exchange Commission and the Commodity Futures Trading Commission will receive funding increases for fiscal year 2011.

The Securities and Exchange Commission and the Commodity Futures Trading Commission will receive funding increases for fiscal year 2011, The Wall Street Journal reports. The SEC will be awarded $1.2 billion in the fiscal year, which ends on September 30.

The SEC funding is $116 million more than what was included in a Republican budget the U.S. House passed earlier this year. The CFTC will get $203 million under the budget deal, which is a 20% increase over its budget during fiscal 2010.

Click here for the story from The Wall Street Journal.

Click here for additional coverage from Reuters.

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