SEC Maintains Market Surveillance During Government Shutdown, Halts Suspicious Trading
The Securities and Exchange Commission continues monitoring markets for manipulative activity despite the government shutdown, according to Chair Paul Atkins. Eight foreign companies have been halted from Nasdaq trading due to suspicious behavior patterns. However, IPO reviews and cryptocurrency legislation work remain stalled due to staff furloughs.
SEC Continues Market Surveillance During Shutdown
The U.S. Securities and Exchange Commission is maintaining its market surveillance operations despite the ongoing government shutdown, according to reports. SEC Chair Paul Atkins confirmed in a Wednesday CNBC interview that the regulator continues monitoring for manipulative behavior and has taken action against several companies showing suspicious trading patterns.