Warren Raises $12 Million to $7.5 Million for Brown

Elizabeth Warren of Massachusetts, one of the Democrats’ best bets for winning a Republican-held U.S. Senate seat, has continued to raise more money than incumbent Republican Scott Brown, bringing in $12.1 million during the last three months.

Warren, whose campaign announced her fundraising figures in advance of today’s filing deadline with the Federal Election Commission, has now taken in more than $36 million for her campaign. Brown, who won a special election to succeed the late Edward Kennedy, reported raising $7.5 million over three months, bringing his total to more than $27 million.

Political analysts Charlie Cook and Stuart Rothenberg have rated Brown and Dean Heller of Nevada as the two most vulnerable Senate Republican incumbents.

Brown, 53, entered October with more than $10 million in the bank. Warren didn’t provide a cash-on-hand figure and her campaign spokeswoman, Alethea Harney, didn’t respond to e-mails and a phone call seeking that information.

Warren, 63, a Harvard University law professor, served as an adviser to President Barack Obama and helped set up the Consumer Financial Protection Bureau created by the 2010 financial regulation law. Republican senators made clear they would block Warren’s appointment to head the bureau, and Obama named someone else to the post.

Finance Supporters

The financial community has been among the biggest donors to Brown, with employees of Boston-based FMR LLC, whose Fidelity Investments is the world’s largest mutual-fund company, contributing more money to his campaign than those working anywhere else, according to the Center for Responsive Politics, a Washington-based research group that tracks campaign donations.

Employees of Goldman Sachs Group (GS) and JPMorgan Chase & Co. (JPM), both headquartered in New York, and Bain Capital LLC, the private-equity firm co-founded by Republican presidential nominee Mitt Romney, are also among his top backers.

Brown has received $2.7 million from employees in the securities and investment industry, compared with $273,378 for Warren. Through Aug. 17 she took in 43 percent of her donations in amounts of $200 or less, compared with 15 percent for Brown.

To contact the reporter on this story: Jonathan D. Salant in Washington at jsalant@bloomberg.net.

To contact the editor responsible for this story: Jeanne Cummings at jcummings21@bloomberg.net.

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