News | 01.04.19
Government Shutdown Crimps SEC Exams
The federal government shutdown is starting to have more visible repercussions at the SEC. In a shutdown operations plan posted on its website, the SEC said that its Office of Compliance Inspections and Examinations will not conduct non-emergency examinations and inspections of advisors. The agency also is suspending investigative work. Broker exams conducted by FINRA are continuing because the self-regulator is funded by industry fees rather than a government appropriation.
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