Reported about 10 hours ago
The U.S. Securities Exchange Commission (SEC) has implemented new procedures requiring lawyers to seek permission from politically appointed leaders before formally launching investigations, a move that may delay probes. This change, attributed to the leadership of Republican Mark Uyeda, affects the authority previously granted to lower-level staff and comes as the Commission seeks to exert greater control over enforcement. While the intention is to reduce harm to individuals under investigation, critics argue it undermines staff autonomy.
Source: YAHOO