Apr 15, 06:00 PM

GAO to Investigate SEC Changes, Including Staff Cuts and New Regulations, Amid Musk's DOGE Scrutiny

The U.S. Government Accountability Office (GAO) is set to investigate changes at the Securities and Exchange Commission (SEC) following a request from Senate Democrats. The inquiry will focus on staff cuts and new regulations that may hinder the SEC's ability to conduct investigations, particularly those influenced by the White House and Elon Musk's Department of Government Efficiency (DOGE). The SEC has also recently denied a request from DOGE for access to agency data, which includes sensitive information. This ongoing scrutiny comes amid concerns over Musk's crypto ventures and their potential political implications, as well as the SEC's response to requests for data access from Musk's team.