Elon Musk's Department of Government Efficiency (DOGE) has taken over a conference room at SEC headquarters, signaling potential changes ahead. With past criticisms of the SEC's handling of scams, the White House is wary of making cuts that could exacerbate the agency's challenges. As many SEC employees remained remote post-COVID, concerns rise regarding its effectiveness, with some insiders suggesting the need for a more rigorous enforcement approach to fulfill its mission amidst ongoing scrutiny and the potential repercussions of staff reductions.
Elon Musk's Department of Government Efficiency has commandeered a conference room at SEC headquarters, spurring speculation about significant changes at the agency.
The SEC's reputation has suffered in the past due to failures in enforcement against scams, leading to caution from the White House regarding staffing changes.
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