Dodd's regulatory reform likely to include SEC self-funding mandate

02/10/2010 | Nasdaq.com

Financial regulatory reform legislation being crafted by Senate Banking Committee Chairman Christopher Dodd, D-Conn., is expected to include a provision for the Securities and Exchange Commission to be self-funded through the fees it collects. The self-funding mandate is a priority for the SEC. The fate of the underlying bill remains uncertain, however, particularly after last week, when Dodd announced he would move forward without Republican support.

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