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Hey guys! today we will be looking into the situation between the goverment and SEC, Wall Street's top regulator who brought in 218$ million but is still facing a shutdown.... Who? Who is the SEC you might be asking, well the SEC is the Securities and Exchange Commission and their job is to regulate the securities market and protect investors. In other words, they ensure truth in fairness by enforcing federal securities laws. But what are securities? Securities in simple terms are a wide range of investment opporrtunities, that can include stocks, bonds, notes and various others. What? Currently, the lawmakers are attempting to agree on a plan to fund the goverment and if they can't the SEC will be getting shut down. Despite, the SEC bringing in tons of money from fines, the federal goverment is looking into shutting it down because the SEC can't hold onto pentalties to fund its operations. The SEC's fines in recent years have risen steeply under the SEC chair Gary Gensler, whose staff insist that higher fines are needed to discourage regulatory lawbreaking and to ensure that people are less inclined to commit financial crimes due to the high fines from the Securities and Exchange Commision. Furthermore, there are 10 current brokerage firms who are being accused of breaking recordkeeping rules, these firms have agreed to pay a total of 79$ Million dollars to the SEC in fines. This is only a small piece of the money that the SEC claims yearly in fines. Some of the money the SEC produces from fines are used to repay the investors whom where victims of fraud. This money also goes toward paying whistleblowers who can help the SEC narrow in on fraudulent claims or suspicions. Whistleblowers are people who inform organizations of wrongdoings. So what's the problem? The problem is that the SEC employees hope to fund their operations with the fines they claim from financial wrondoings in firms and other financial areas. However this idea leads to the idea and question, Will SEC employees falsify claims and sacrifice the safety of investors money by doing this? Will the SEC make false accusations towards firms in order to rack up more and more money? This is why the SEC is facing a potential shut-down in case a plan is not made to prevent this. That's all for today folks and thank you for reading, I hope you learned some more about the finance and business as a whole. See you next time! 😁