Practice Management

SEC to reportedly lose about 500 staffers to buyout offer

Sam Bojarski / Mar 24, 2025
The SEC in recent weeks has dangled a $50,000 offer for employees to voluntarily leave the agency by early April.
About 500 staff have agreed to leave the Securities and Exchange Commission (SEC) in response to a $50,000 buyout offer, according to a report from Bloomberg News.
The SEC employs roughly 5,000 people and regulates over 8,300 RIA firms nationwide. Bloomberg reported that enforcement, examinations and the office of the general counsel will experience significant departures. 
A spokesperson for the SEC did not respond to a request for comment. 
Staff at the SEC received an email nearly a month ago regarding a voluntary separation program. That program offered a lump-sum payment of $50,000 to employees who agreed to leave the agency by April 4, sources with knowledge of the situation told Citywire at the time. Employees had until end-of-day on March 21 to claim the offer. 
The SEC has thus far been part of president Donald Trump’s broader efforts to reduce the federal workforce and shrink the size of the government. 
Trump has issued a directive to restrict remote work for federal employees, and some...
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