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US Securities and Exchange Commission beginning to bring on DOGE staff, email says (www.reuters.com)

submitted 1 year ago by Stamau123@lemmy.world to c/news@lemmy.world

2 comments fedilink hide all child comments

Wall Street regulator begins interfacing with DOGE
Data access subject to checks, training, need to know
Democratic senators demand investigation by gov't auditor

WASHINGTON, March 28 (Reuters) - The U.S. Securities and Exchange Commission is beginning to bring on officials with billionaire Elon Musk's Department of Government Efficiency, according to an email sent on Friday to department staff.

SEC staff were informed that the DOGE task force had contacted the regulator, and that they would be treated as staff for the purposes of network, system and data access. The SEC is establishing a liaison team with the "intent to partner" with DOGE, the email said. The memo was first reported by Reuters.

"Our intent will be to partner with the DOGE representatives and cooperate with their request following normal processes for ethics requirements, IT security or system training, and establishing their need to know before granting access to restricted systems and data," the staff email stated.

A spokesperson for the DOGE task force referred questions to the SEC, whose spokesperson confirmed it was beginning to onboard DOGE members. But the SEC declined to comment on what role, if any, Musk would play at the agency as part of DOGE or what data access the team would have. Musk did not immediately respond to a request for comment.

As the nation's top markets regulator, the SEC is privy to swaths of nonpublic data from banks, public companies, private funds and others, including confidential information about initial public offerings and supervisory examination records.

top 2 comments

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[–] MyOpinion@lemm.ee 9 points 1 year ago

Thank goodness “big balls” will save the markets for sure.

[–] dhork@lemmy.world 6 points 1 year ago

This is good for Bitcoin