CandleFocus SEC Cleaning House: Probes to Be Approved by Commissioners
2025-02-04
Author: Content Editor
The U.S. Securities and Exchange Commission (SEC) is reportedly changing its procedures for managing and conducting formal investigations. Attorneys will now need prior approval from the commissioners, which could potentially lead to delays in conducting legal probes. It is unclear if there has been a formal vote to change these procedures, but these new rules will apply to investigations involving formal procedures. The SEC has recently become more crypto-friendly, repealing a rule to allow traditional finance institutions to offer crypto custody services. The current acting chairman, Mark T. Uyeda, appointed by President Donald Trump, is seen as pro-crypto and critical of the SEC's previous approach to regulation.
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