US Congressional Watchdog to Investigate Changes at the SEC
The U.S. Government Accountability Office (GAO) will examine recent changes at the Securities and Exchange Commission, including those potentially influenced by the White House or Elon Musk's Department of Government Efficiency (DOGE), according to a letter sent to Democratic lawmakers. The GAO, Congress's nonpartisan research arm, informed Senators Elizabeth Warren and Mark Warner that it will review the SEC's recent efforts to reduce staff, terminate leases, and consolidate operations, as detailed in an April 8 letter viewed by Reuters. The lawmakers requested the investigation last month following media reports about DOGE's involvement and other significant changes at the market regulator. A. Nicole Clowers, managing director of GAO's congressional relations office, confirmed in the letter that the request "is within the scope of (GAO's) authority" and that work would commence in approximately three months. Since President Donald Trump took office and […]