TechFlow news, on February 25, according to Jinshi News, two sources said the U.S. Securities and Exchange Commission (SEC) plans to replace senior leaders at regional offices across the country as part of its cost-cutting proposal submitted to the Trump administration. The sources said that on Friday, the SEC informed directors of its 10 regional offices that their positions would be eliminated under a plan to be submitted next month.
The SEC, which oversees more than $100 trillion in U.S. capital markets, is currently facing pressure from the Trump administration to reduce staff and cut costs. Some government cost-cutting efforts involve the newly established Department of Government Efficiency (DOGE) and Elon Musk. Agency leaders have been instructed to submit proposals for significant spending reductions to the government.
