U.S. securities regulators may struggle to police wrongdoing as a result of budget cuts imposed by the $1 trillion spending plan that House and Senate lawmakers unveiled late Monday, including cuts to a fund used for technology programs, according to people familiar with the matter. The Securities and Exchange Commission would receive a modest overall increase in funding to $1.35 billion for the remainder of fiscal 2014, which ends Sept. 30, up from $1.32 billion in last year’s comparable period. Yet the agency would see its funding cut in key areas, including a 50% cut to a $50 million “reserve” fund established by the 2010 Dodd-Frank financial law and used to bolster the agency’s technology. More in the Wall Street Journal here.
