This is an extended version of a story originally published on January 24.
January was a quiet time at the US Securities and Exchange Commission. Since the shutdown of the country’s government began on December 22, the SEC, like other government agencies, had been operating on a skeleton staff. Of its roughly 4,400 employees, probably not more than about 300 – most of whom are in critical law enforcement or protection roles – were working.
Contrary to what you might imagine, implementing a shutdown is a remarkably quick process at the SEC.
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