Wall Street Cops Reined In as SEC Braces for Trump Budget Cuts

by Matt Robinson and Benjamin Bain, Bloomberg News

When Wall Street bond dealmakers congregated in Las Vegas last week for their annual get-together, one group of folks was conspicuously absent: SEC enforcement officials.

For years now, they’ve been crashing the marquee event, trying to, somewhat awkwardly, mingle and make industry contacts while sniffing around for their next big case. But those plans were scuttled this year when word came down from SEC headquarters recently that there was no room in the budget for investigators to attend.

The measure is part of a series of cuts that the enforcement department -- ...