Key Points
Sept 27 (Reuters) - Wall Street's top regulator on Wednesday told U.S. lawmakers that a looming shutdown of the federal government would reduce his agency's staffing to "skeletal" levels...
U.S. Securities and Exchange Commission Chair Gary Gensler made the remark at the start of a testy hearing before the Republican-controlled U.S. House of Representatives Financial Services Committee, which Democrats used to highlight dysfunction they said would result if spending legislation is not approved this week...
According to the agency's contingency planning, only about 440 of the SEC's 4,600 employees would remain on hand to perform essential functions, but investigations and responses to whistleblower complaints would mostly grind to a halt...
Hundreds of thousands of federal workers will be furloughed and a wide range of services will be suspended if Congress fails to pass funding legislation that Democratic President Joe Biden can sign into law by midnight on Saturday (0400 GMT on Sunday)...
You might be interested in
US SEC enforcement collected nearly $5 bln in financial remedies last year
15, Nov, 23The U.S. Securities and Exchange Commission (SEC) filed 784 enforcement actions in the fiscal year that ran through September, garnering $4.95 billion in penalties and other financial remedies, the agency said in a statement on Tuesday.
US Senate passes stopgag order to prevent government shutdown
16, Nov, 23The 87-11 vote marked the end of this year's third fiscal standoff in Congress that saw lawmakers bring Washington to the brink of defaulting on its more than $31 trillion in debt this spring
Coinbase asks US federal judge to dismiss SEC's lawsuit
04, Aug, 23Coinbase Global (COIN.O) on Friday asked a judge to end the U.S. Securities and Exchange Commission's lawsuit accusing the world's largest publicly traded cryptocurrency exchange of violating federal securities laws.
Citadel ready to battle SEC over WhatsApp probe, Bloomberg reports
27, Sep, 23Billionaire Ken Griffin's Citadel will take a tougher stance against the U.S. Securities and Exchange Commission and is willing to take the regulator to court over its WhatsApp probe, Bloomberg News reported on Wednesday citing people familiar with the matter.