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As government shutdown drags on, SEC offers guidance

Joe Mont | January 3, 2019

As we moved closer to the holiday season and end of 2018, there was no shortage of warnings that a government shutdown was imminent. Now that the season is over for another year, and vacation days give way to normal work days, those overseen by the Securities and Exchange Commission are surely facing uncertainty and confusion.

The Commission, in response, has released an update on its post-shutdown planning and operational status.

Since Dec. 27, and until further notice, it will have “a very limited number of staff members available.” The agency, barring the unforeseen, will have staff available to respond to emergency situations involving market integrity and investor protection, including law enforcement; non-essential staffers are otherwise prohibited, by law, from reading and responding to letters, phone calls, and e-mails.

The SEC’s contingency plan also calls for the continuing operation of certain systems, including its online EDGAR filing system. Any...

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