The Securities and Exchange Commission on Monday urged its employees based in Washington, D.C., to work from home, as the Financial Industry Regulatory Authority on Monday warned broker-dealers to prepare themselves.
The SEC made the request after the agency was informed that an employee was treated for respiratory symptoms on Monday. “The employee was informed by a physician that the employee may have the coronavirus and was referred for testing,” an SEC spokesperson said in a statement.
“Even with increased telework, the SEC remains able and committed to fully executing its mission on behalf of investors, including monitoring market function and working closely with other regulators and market participants,” the spokesperson said.
FINRA released a Regulatory Notice reminding broker-dealers to consider pandemic-related business continuity planning, “including whether their business continuity plans, or BCPs, are sufficiently flexible to address a wide range of possible effects in the event of a pandemic in the United States.”