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- US SEC tells staff to prep for shutdown contingencies at midnight</p>
<p>By Chris Prentice and Douglas GillisonOctober 1, 2025 at 5:04 AM</p>
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<p>FILE PHOTO: The U.S. Securities and Exchange Commission (SEC) headquarters in Washington, DC, U.S., November 25, 2024. REUTERS/Benoit Tessier/File Photo</p>
<p>By Chris Prentice and Douglas Gillison</p>
<p>NEW YORK (Reuters) -The U.S. Securities and Exchange Commission on Tuesday told employees to prepare for a potential lapse in funding, according to an email seen by Reuters, as the United States headed towards its potential 15th government shutdown since 1981.</p>
<p>Government funding will lapse at midnight unless Republicans and Democrats in Congress agree on a deal to temporarily fund federal agencies with Wednesday's start of a new fiscal year.</p>
<p>"We continue to watch the progress on FY2026 appropriations for the SEC," said Ken Johnson, the SEC's chief operating officer, in the memo to all staff.</p>
<p>The SEC did not respond immediately to request for comment. The email seen by Reuters included text provided by the White House blaming the shutdown on Democrats.</p>
<p>A shutdown would reduce the SEC to a skeletal staff of around 9% of current levels, according to its August 2025 plan for a lapse in government funding. This would severely limit the agency's ability to review corporate filings, investigate misconduct, and oversee markets.</p>
<p>(Reporting by Chris Prentice in New York and Douglas Gillison in Washington)</p>
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