The U.S. Securities and Exchange Commission (SEC) is planning to remove top leaders from its 10 regional offices as part of a cost-cutting initiative. This move is in response to pressure from President Donald Trump to reduce staff and expenses. The decision to eliminate regional directors requires approval from the three-person SEC commission. The SEC has already begun scaling back its cryptocurrency enforcement efforts. The reorganization plan, led by Acting Chairman Mark Uyeda, aims to improve efficiency and is expected to be submitted next month. Former SEC lawyer Marc Fagel suggests that the involvement of Elon Musk's department DOGE, which demands federal employees list their accomplishments or risk being fired, may present conflicts of interest.



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