Gensler defends CFTC budget request

The Commodity Futures Trading Commission is seeking a nearly 50 percent budget increase for 2013 as the agency comes to grips with its new responsibilities under the Dodd-Frank Act. CFTC Chairman Gary Gensler recently defended his agency's budget request during a hearing before a U.S. Senate Appropriations subcommittee. Read on to learn why Gensler said the CFTC is a “good investment of taxpayer dollars.”