Gary Gensler: A shutdown of the U.S. government will severely limit SEC regulatory activities

Odaily Planet Daily News U.S. SEC Chairman Gary Gensler said that the U.S. government shutdown will affect the SEC’s supervision of the market. As the federal government may suspend its work at the end of this month, the SEC's regulatory activities will be severely restricted and may not be able to perform some basic functions. Gensler said the SEC may not be able to evaluate listing filings submitted by companies; if a major event occurs, the agency will not be able to fully regulate the market. However, Gensler downplayed suggestions that the government shutdown would cause major market disruption. He said: "The Treasury market will still operate and the stock market will continue to trade. There is just a lack of market watchers." It is reported that the US government is on the verge of a shutdown unless Congress can reach an agreement and pass a spending bill before the end of the month. House Speaker Kevin McCarthy said that although progress has been made, there are still major challenges from conservatives in the party. (Bloomberg)