The Securities and Exchange Commission is encouraging employees at its sprawling Washington headquarters to work remotely beginning Tuesday amid concern that one of the agency’s workers may have contracted the coronavirus.
In an email to staff Monday evening, the SEC said that “out of an abundance of caution” it was requiring all people on the floor where the person sat to “telework.” The regulator said that it was also reaching out to people with whom the person had been in contact, and that it had asked its landlord to have the area “deep cleaned.”
Wall Street’s main regulator is encouraging employees to stay home as it deals with extremely volatile markets. On Monday, U.S. stocks plunged more than 7.5%, triggering New York Stock Exchange circuit breakers en route to the worst day for the equities market since 2008.
The SEC told staff in the email that the employee hadn’t been at work since last Thursday and that officials believed the person was “asymptomatic” while in the building.
In a statement, the SEC confirmed that an employee was treated for respiratory symptoms and was being tested for coronavirus.
“Amongst other precautions, the SEC is encouraging headquarters employees to telework until further guidance,” the agency said in its public statement. “Even with increased telework, the SEC remains able and committed to fully executing its mission on behalf of investors, including monitoring market function and working closely with other regulators and market participants.”
A Texas-based bank selects Raymond James for a $605 million program, while an OSJ with Osaic lures a storied institution in Ohio from LPL.
The Treasury Secretary's suggestion that Trump Savings Accounts could be used as a "backdoor" drew sharp criticisms from AARP and Democratic lawmakers.
Changes in legislation or additional laws historically have created opportunities for the alternative investment marketplace to expand.
Wealth managers highlight strategies for clients trying to retire before 65 without running out of money.
Shares of the online brokerage jumped as it reported a surge in trading, counting crypto transactions, though analysts remained largely unmoved.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
