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SEC plans to cut regional office directors as part of cost scrutiny

Image of President Donald Trump sitting at his desk in the Oval Office.
Photo: Win McNamee/Getty Images

Julie DiMauro

2 min read
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The SEC is poised to eliminate directors across 10 regional offices, sources say.

The SEC plans to lay off the top leaders at regional offices across the US as part of its cost-cutting recommendations to the Trump administration, according to two sources familiar with the matter who spoke to Reuters.

On Friday, the SEC told directors across its 10 regional offices that their

Officials

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