Wall Street Cops Reined In as SEC Braces for Trump Budget Cuts
- SEC attorneys forced to skip bond group’s annual Vegas event
- Non-essential travel and new hires targeted in austerity push
Big Banks Love Trump
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When Wall Street bond dealmakers congregated in Las Vegas last week for their annual get-together, one group of folks was conspicuously absent: SEC enforcement officials.
For years now, they’ve been crashing the marquee event, trying to, somewhat awkwardly, mingle and make industry contacts while sniffing around for their next big case. But those plans were scuttled this year when word came down from SEC headquarters recently that there was no room in the budget for investigators to attend.