Under Trump, Wall Street regulator's headcount falls 18%, watchdog says

The erosion of the workforce, largely in response to the White House's demand for steep reductions across the federal government, further stretches capacity at a U.S. Securities and Exchange Commission contending with far-reaching changes to the business and regulatory landscapes. Sign up here. President Donald Trump and former advisor Elon Musk last year said "large-scale" cuts were necessary to rein in an allegedly wasteful and uncontrolled bureaucracy across the federal government. However, critics of a ...