Reported about 7 hours ago
According to Reuters, U.S. Securities and Exchange Commission (SEC) staff have been instructed to obtain permission from leadership before initiating formal investigations. This change, which diverges from previous practices, took effect following President Trump's inauguration. While enforcement staff can still conduct informal inquiries, formal investigations will now require orders for subpoenas. Currently, the SEC has three commissioners, with Mark Uyeda serving as acting chair.
Source: YAHOO