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SEC Cleaning House: Probes to Be Approved by Commissioners

The alleged change, which would require SEC attorneys to obtain the approval of the commission as a whole, is part of the institution’s new directives aimed at increasing the efficiency of its probes and actions.

The U.S. Securities and Exchange Commission (SEC) is changing its modus operandi regarding how the agency manages and conducts formal probes. According to two sources quoted by Reuters, now attorneys have to have prior approval of the commissioners, a requirement not enforced before.

SEC Cleaning House: Probes to Be Approved by Commissioners

The alleged change, which would require SEC attorneys to obtain the approval of the commission as a whole, is part of the institution’s new directives aimed at increasing the efficiency of its probes and actions.

The U.S. Securities and Exchange Commission (SEC) is changing its modus operandi regarding how the agency manages and conducts formal probes. According to two sources quoted by Reuters, now attorneys have to have prior approval of the commissioners, a requirement not enforced before.

https://news.bitcoin.com/sec-cleaning-house-probes-to-be-approved-by-commissioners/