The chair of Wall Street’s watchdog, the Securities and Exchange Commission (SEC), Paul Atkins, addressed the negative impact of the government shutdown on markets and how he aims to "make IPOs great again" Monday on "The Claman Countdown."

"We cannot process these IPOs under the rules as they are…with this government shutdown," Atkins told FOX Business anchor Liz Claman.

Tasked with greenlighting publicly-traded companies and catching market fraudsters, the SEC used to have more than 4,200 people on staff prior to the government shutdown. Now, less than 10% of staff remain, with fewer than 400 employees left to monitor markets.

Additionally, the SEC has around half the number of public companies as it had 30 years ago, the chair lamented.

However, Atkins explained the rule the S

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