Schapiro says agency needs budget increase to deal with Dodd-Frank tasks.
By Jesse Hamilton, Meera Louis, Bloomberg|July 21, 2011 at 04:29 AM
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The U.S. Securities and Exchange Commission will delay rules for the derivatives markets and will have only a “skeleton crew” tracking hedge funds if it doesn’t receive a 2012 budget increase, Chairman Mary Schapiro said.
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