17 C.F.R. § 200.735-9 Indebtedness.
Title 17 - Commodity and Securities Exchanges
(a) The Securities and Exchange Commission considers the indebtedness of its members and employees to be essentially a matter of their own concern and will not be placed in the position of acting as a collection agency or of determining the validity or amount of contested debts. Nevertheless, failure on the part of an employee without good reason and in a proper and timely manner to honor debts acknowledged by him or her to be valid, or reduced to judgment by a court, or to make or to adhere to satisfactory arrangements for the settlement thereof, may be a cause for disciplinary action. In this connection each member and employee is expected to meet his or her responsibilities for payment of Federal, State and local taxes. For purposes of this section, in a proper and timely manner means in a manner which the agency determines does not, under the circumstances, reflect adversely on the Government as his or her employer. (b) Compensation due members and employees is subject to garnishment for child support and alimony obligations. (42 U.S.C. 659).
Title 17: Commodity and Securities Exchanges
PART 200—ORGANIZATION; CONDUCT AND ETHICS; AND INFORMATION AND REQUESTS
Subpart M—Regulation Concerning Conduct of Members and Employees and Former Members and Employees of the Commission
§ 200.735-9 Indebtedness.
