CFTC needs more funding to implement Dodd-Frank, official says

01/26/2011 | Securities Technology Monitor

Michael Dunn, a member of the Commodity Futures Trading Commission, said the agency needs more funding to fulfill its mandates under the Dodd-Frank Act. "We lack the staff and resources necessary to both implement Dodd-Frank and continue to fulfill our pre-Dodd-Frank duties under the Commodity Exchange Act," Dunn said. "Without additional funding, the strain will only become worse in July, when much of Dodd-Frank goes into effect."

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