WASHINGTON — Brooksley Born, the former chairman of the Commodity Futures Trading Commission who became a folk hero for her warnings about the risks posed by derivatives, joined House Democrats on Friday to protest Republican-proposed cuts to the agency's funding.

"The proposal poses a serious threat to the CFTC's ability to fulfill its statutory mandate under the Dodd Frank Act to regulate over-the-counter derivatives," Born said in prepared remarks at a Capitol Hill press conference.

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