Senate panel seeks budget boosts for SEC, CFTC

Financial market regulators would get big boosts to their fiscal 2012 budgets to help them implement the Dodd-Frank financial oversight law under a bill approved by the Senate Appropriations financial services subcommittee on Wednesday. The bill would match a request by the Obama administration to give the Securities and Exchange Commission a fiscal 2012 budget of $1.407 billion, up about 19 percent from the agency’s prior-year budget.

Read more: Senate panel seeks budget boosts for SEC, CFTC — Reuters