FINANCIAL BRIEFING BOOK.

The article presents financial industry news briefs as of December 11, 2014, stating that the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission would see a modest increase in funding in the 2015 Federal budget, and financial services firm Morgan Stanley will pay four million dollars to settle charges it failed to conduct adequate due diligence before raising trading limits for trader David Miller of Rochdale Securities who conducted fraudulent purchases.