The longest government shutdown on record hasn’t derailed major SEC fraud cases against a sitting congressman, a former Theranos executive and a ring of Ukrainian hackers.
The Securities and Exchange Commission is actively pursuing a handful of high-profile enforcement cases, even as stays have been granted or requested in more than 20 others, according to a Bloomberg Law review of lawsuits brought since Jan. 1, 2018.
Commission lawyers can’t work on existing cases or launch new investigations during the shutdown...
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(Updated to include Jan. 18 order in SEC v. Balwani. Clarified to show SEC, not its judges, stayed administrative cases.)