US Government Shutdown Would Limit SEC Oversight, Chair Gary Gensler Says – Bloomberg

The Securities and Exchange Commission’s ability to police markets would be hobbled by a US government shutdown, according to the head of the regulator.

SEC Chair Gary Gensler said the watchdog would be severely limited by a possible federal work halt at the end of this month. Wall Street’s main regulator might not be able to fulfill some basic functions, he said in an interview with Bloomberg Television.

“The public should understand, we’ll largely be a skeletal staff,” he added. “The normal oversight we have on markets will not be possible.”

Source: US Government Shutdown Would Limit SEC Oversight, Chair Gary Gensler Says – Bloomberg