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Korean embezzlement scandals

05 Jul 2004

Korea has been rocked by two embezzlement scandals in which funds have been used for trading futures contracts.Son Kil-Seung, a former...

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“At our current funding level, the Commission is under serious strain. We lack the staff and resources necessary to both implement Dodd-Frank and continue to fulfil our pre-Dodd-Frank duties under the Commodity Exchange Act. Without additional funding, the strain will only become worse in July, when much of Dodd-Frank goes into effect.”

The CFTC's Michael Dunn pleads for Congressional support over the regulator's budget.