The SEC is planning to downsize regional executives in preparation for conducting a review of DOGE.

BlockBeats News, February 25th, According to two sources familiar with the matter, the U.S. Securities and Exchange Commission (SEC) plans to replace top leadership at its nationwide regional offices as part of its cost-cutting proposal to the Trump administration.

The sources said that on Friday, the SEC informed the directors of its 10 regional offices that their positions will be eliminated according to the plan to be submitted next month. The SEC oversees over $100 trillion in the U.S. capital markets and is currently under pressure from Trump to downsize and reduce costs.

Some of the U.S. government's cost-cutting efforts involve the newly established Department of Government Efficiency (DOGE) and Musk. Agency leaders have been instructed to submit proposals to the government for significant expense reductions. (FX678)