Acting SEC chair scales back enforcement unit’s subpoena powers
In a roll-back of post-Madoff change, requests will go through acting division director, say sources.
Acting SEC Chairman Michael Piwowar has taken steps to limit the agency's enforcement division's powers to initiate investigations and issue subpoenas, according to sources quoted by Reuters.
Under the new policy, the enforcement division's associate directors will no longer have authority to issue
Learn more about reprints and licensing for this article.