SEC Staff Told to Seek Approval to Start Probes, Reuters Reports
The US Securities and Exchange Commission (SEC) headquarters in Washington, DC.
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US Securities Exchange Commission staff have been told to seek permission from leadership before formally starting probes, Reuters reported, citing people briefed on the matter who weren’t identified.
The change, which marked a move away from recent norms, was made since since President Donald Trump took office on Jan. 20, the people told Reuters. The news service didn’t determine who ordered the change or whether the Commission had formally voted on it.