Let's see how this shutdown plays out... " ..

Let's see how this shutdown plays out...

" .... The Securities and Exchange Commission will remain fully open Tuesday thanks to unspent money from the prior fiscal year it can use to fund its operations in the coming days. SEC spokesman John Nester said extra cash will buy the agency “a few weeks” before it would have to curtail operations and furlough the vast majority of its staff. An extended shutdown would likely force the SEC to furlough 3,465 employees and keep 332 people on the job.

The Commodity Futures Trading Commission, meanwhile, will immediately have to furlough over 90% of its employees, according to plans submitted to the White House.

If lawmakers can’t agree on a deal to avert a shutdown, the CFTC will immediately drop from 680 people to just 28, with employees working strictly on market oversight and ongoing litigation, according to the agency’s shutdown plan.

Other regulators, meanwhile, will remain largely unaffected by a shutdown because of the way they are funded. The Federal Reserve, the Consumer Financial Protection Bureau, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency are all funded independently of the congressional appropriations process, meaning they don’t have to rely on Congress to pay staff. The SEC and CFTC are subject to the appropriations process.

In the event of an extended shutdown, public companies would still be able to submit filings to the SEC’s Edgar website and the agency’s “market watch” team would continue to monitor the financial markets for disruptions. Yet the SEC would cease investigative work and processing of applications for public offerings as well as most litigation, rule writing and investor outreach.

The CFTC said it would immediately stop investigating “victim complaints, initiating actions against wrongdoers and protecting any victim assets that may be at risk in such situations.”