Australia's Propex on expansion path

05 Sep 2005

Australian futures industry veteran Max Whitby has gone on the expansion trail after selling his locals and retail brokerage outfit LQuay Futures to BrokerOne last month (see FO...

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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.