The U.S. Capitol building in Washington, Photo: Christine Schiffner/ALM Government Shutdown Would Leave SEC Staff 'Skeletal,' Gensler Says
The public won't have someone at "full force overseeing the market," the SEC chair tells the House committee.
September 27, 2023 at 06:50 PM
4 minute read
Federal Government
The U.S. Securities and Exchange Commission would have a "skeletal staff" if there is a government shutdown come Sunday, SEC Chair Gary Gensler told the House Financial Services Committee on Wednesday.
Ninety-two to 93% of SEC's workers would likely be furloughed, mostly in examinations, enforcement and disclosure review, Gensler said. The agency's tips, complaints and referral lines, as well as its comments files, would remain open, he added.
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