Late in the day, SEC General Counsel Mark Cahn issued a memo to Division of Enforcement staff telling them to stop existing record-destruction procedures for closed cases, until further notice. Thats according to people familiar with correspondence issued by Mr. Cahn. An SEC spokesman confirmed the rules shift Wednesday night, saying: We have been working with [the National Archives and Records Administration] on a new policy for records retention, and have determined to suspend the current policy out of an abundance of caution until a new policy is in place.
‘Enforcement 40’ for 2020
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