"The SEC divisions involved with market surveillance and enforcement were still on the job as "essential" employees".
CFTF 61 of 673 employees (9.1%)
Sec 4436 to 300 employees (6%)
I don't think 300 employees is enough to oversea the entire market. To say that 61 employees can oversee the CFTC is laughable
"Also, the primary regulators tasked with those segments of the market regulations are the exchanges and FINRA, and since they are not government employees, they were fully staffed and working normally".
Who's job is it to oversee FINRA? They are an SRO, and created the NASDAQ. Its run for the brokers, by the brokers. Massive conflict of interest. SEC can't oversee all activities with 300 employees, and only 110 of those 300 employees were for law enforcement -- the rest were for for protecting life and property.
The system is a complete scam, and something fishy happened during that shutdown. For all these regulatory bodies to be shutdown 4 days before the turn of the new year, while the market was in freefall. Something doesn't add up. The day of the shutdown, the DOW had its biggest single day percent increase ever....lol hilarious.
CFTF 61 of 673 employees (9.1%)
Sec 4436 to 300 employees 6%
40% of FinCEN
IRS 9946 out of 79868 (12.5%)
Office of Inspector General 25 out of 169 (14%)
