SEC Lawyers Need Permission for Probes Under New Leadership
Lawyers at the SEC now need permission from politically appointed leadership before launching probes, potentially slowing down investigations. The change is under new leadership since President Trump took office, with only three commissioners currently overseeing the agency. Proponents argue it protects individuals subject to investigations, while others say it reduces staff autonomy.
Key Points
- SEC lawyers now require permission from politically appointed leadership before launching probes
- Change made under new leadership since President Trump took office
- Only three commissioners currently oversee the agency
- Proponents argue it reduces harm to individuals subject to investigations
- Others say it takes away staff autonomy
Pros
- Protects individuals subject to investigations
- May lead to more careful consideration before launching probes
Cons
- Could slow down investigations
- Reduces staff autonomy