SEC Plans Leadership Changes Amid Cost-Cutting Measures

According to Foresight News, the U.S. Securities and Exchange Commission (SEC) is planning to replace senior leadership across its regional offices as part of cost-cutting measures proposed to the Trump administration. Sources familiar with the matter revealed that the SEC informed directors of its 10 regional offices on Friday that their positions would be eliminated under a plan to be submitted next month. The SEC, which oversees over $100 trillion in U.S. capital markets, is currently under pressure from U.S. President Donald Trump to reduce staff and cut costs. Some of the government's cost-cutting efforts involve the newly established Department of Government Efficiency (DOGE) and Elon Musk. Leaders of various agencies have been instructed to submit proposals for significant budget reductions to the government.