Practice Management

Analysts share concerns about 'brain drain' at the SEC

Sam Bojarski / Mar 25, 2025
President Donald Trump's efforts to reduce the size of the civilian government workforce have touched the Securities and Exchange Commission, sparking concern from some.
Registered wealth managers and other regulated entities could face market risks and administrative delays as a result of staff departures at the Securities and Exchange Commission (SEC), analysts have said. 
As Bloomberg and other media outlets have reported, the pending departure of at least 500 SEC employees is expected to primarily impact the agency’s enforcement, examinations and general counsel divisions. Many of the outgoing staffers accepted a $50,000 offer to leave the SEC by early April. While the immediate impact on the SEC’s staff of about 5,000 employees is not clear, analysts identified market risks that could result from the departure of specialized staffers. 
Igor Rozenblit, managing partner at compliance consultancy Iron Road Partners, said he does not anticipate an immediate slowdown in the volume of enforcement actions or exams brought by the Commission.
However, ‘the departure of experienced senior staff raises serious concerns about a potential brain drain at the SEC,’ said...
CITYWIRE RIA
More News
Practice Management
Fidelity merges retail RIA with portfolio management division
citywire ria
Mar 31, 2025
To read the full article, become an RIA Insider. You'll also gain complimentary access to news, insights, tools and more.
REGISTER NOW
Already an Insider?Log In
All content on this page is drawn from unaffiliated publications. Content on this site is not intended to provide, and should not be interpreted as legal, tax, investment or insurance advice, or recommendations by any party. Capital Client Group, Inc. is not responsible for content created by third parties and they do not explicitly or implicitly endorse or approve such content. Copyrights are held by the individual publications to which each article is attributed.