The record federal government shutdown that affected 800,000 employees—which could resume Feb. 15—may have lingering effects at the U.S. Securities and Exchange Commission and the Department of Justice, as well as a long-term impact on hiring and retention at enforcement agencies, some white-collar attorneys said recently.

“Some initial public offerings were reportedly slowed down because of the shutdown and from an enforcement perspective, many investigations had to be temporarily halted because they [personnel] weren’t permitted to show up for work and couldn’t take testimony,” said Douglas Paul, a former SEC branch chief in the enforcement division, and a partner in Akerman’s white-collar crime and government investigations group in Washington, D.C. 

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