SEC Grapples With Monthlong Backlog, Prioritizes Actions
Law360 (January 28, 2019, 9:44 PM EST) -- The U.S. Securities and Exchange Commission has returned to full capacity with the reopening of the federal government, though the record 35-day partial shutdown is expected to cause short-term delays and potentially impact new and ongoing investigations as personnel struggle with how to prioritize various matters.
President Donald Trump signed a bill Friday reopening the government for three weeks, relieving the SEC at least temporarily from relying on a skeleton staff put in place on Dec. 27 to deal with emergency matters. As the agency works through a monthlong backlog of tips, complaints and other communications, some items will almost certainly...
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