Internet reported that on February 4, Reuters reported that lawyers from the U.S. Securities and Exchange Commission (SEC) were told that they must obtain leadership approval before formally launching an investigation. This procedural change may slow down the investigation process. This change has not been previously reported. It is said that this adjustment was made under Trump's new leadership team after taking office. People familiar with the matter said they requested anonymity because the change had not yet been made public. Normally, the SEC is governed by five members, including the chairman, and the committee is an independent body. Currently, the committee consists of three members, including two Republicans and one Democrat. Members of the U.S. Securities and Exchange Commission are appointed by the President of the United States. Recently, some law enforcement officials have been told that all formal investigative orders-necessary to issue testimony or document subpoenas-require commission approval. People familiar with the matter said that previously, this authority had been delegated to lower-level staff, and the committee could exercise veto power, but not always.