SEC Equipped To Survive Long Shutdown, Agency Vets Say

Law360, New York (October 1, 2013, 12:18 AM EDT) -- Tuesday’s government shutdown could force the U.S. Securities and Exchange Commission to curtail enforcement operations temporarily if the stoppage drags on for weeks, but former SEC officials say such a demoralizing move would not prevent the agency from launching emergency suits designed to halt ongoing fraud.

Capitol Hill was thrown into disarray after lawmakers failed to strike a budget deal. SEC spokesman John Nester said the SEC would remain open and might be able to operate “for a few weeks” using unspent funds from the previous fiscal...
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