Commentary: SEC and CFTC should be self-funded

03/11/2013 | Politico (Washington, D.C.)

Recent federal budget cuts highlight the importance of regulatory agencies being self-funded, write former Commodity Futures Trading Commission Chairman Brooksley Born and former Securities and Exchange Commission Chairman William Donaldson. The SEC and CFTC should be funded by the industry they regulate and not by the congressional appropriations process, write Born and Donaldson, who are both members of the Systemic Risk Council.

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Politico (Washington, D.C.)

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