Impact of the Government Shutdown on the SEC

News Brief

By Cydney Posner

From The Wall Street Journal  re the impact of the government shutdown on the SEC:

"The Securities and Exchange Commission will remain fully open Tuesday thanks to unspent money from the prior fiscal year it can use to fund its operations in the coming days. The extra cash will buy the agency more than one week before it must begin to curtail operations and furlough the vast majority of its staff, according to people familiar with the agency's plans. SEC spokesman John Nester declined to say how much unspent cash the agency has on-hand. An extended shutdown would likely force the SEC to furlough 3,465 employees and keep 332 people on the job.'

Related Practices & Industries

Public Companies