A day after the Trump administration sent a misty to all federal employees who invite them to resign, the interim chief of the United States stock exchange and values ​​commission, Mark Uyeda, addressed staff in a full auditorium in their Washington headquarters.

In his opening comments, Uyeda did not deepen the labor security or staff’s concerns about the new management of the agency under the Trump administration, which has criticized what he calls the “weapon” of the application’s application functions, according to Three SEC officials who heard the meeting.

Instead, the Republican commissioner spent time talking about his own career.

One of the listeners told Reuters that he felt that Uyeda’s comments were “deaf”, since many people at the audience worried about the agency’s address, their work and other mandates, such as forcing employees to return to work in The office five days a week.

Another SEC official who attended gave Uyeda credit to press with the City Council, where he also asked questions. The person said that while Uyeda did not sweeten his comments, he had not said anything that could be perceived as an offensive.

Uyeda did not respond to a request for comments for this article. In November, he told Reuters that the SEC will have “an opportunity to restore its regulatory agenda to focus on the formation of capital and innovation”, while protecting investors, including older people, of the scamming artists who disappoint them .

The details of the City Council meeting on January 29, which are reported here for the first time, provide a window on how the Trump administration’s radical attack against the federal bureaucracy has started the stock regulator, which supports the confidence of investors in the United States capital markets of $ 110.

The new leadership of the agency has made changes in recent days that begin to alter their priorities and how it works, from a movement that centralized power in the hands of the commissioners led by Republicans until the reduction of the application of cryptomonts., According to more than half a dozen current and previous officials of the SEC.

Within the SEC, two of the former officials said, these steps are seen as a precursor for an even more restructuring, such as dissolving other specialized units and transferring staff to the so -called application of the “central” law to relax the previous initiatives . Some experts and former SEC officials told Reuters that the changes are too fast and sinister.

“Everyone agrees that these agencies are large, bureaucratic, inefficient and there is much to be desired,” said Daniel Taylor, a professor at the Wharton school at the University of Pennsylvania with experience in corporate revelations, internal trade and fraud prediction. “But the agency does not improve threatening its workforce, having mass layoffs and making changes without explaining them.”

A spokesman for the agency declined to comment on reallocations, but added: “The SEC is totally dedicated to application efforts against fraud and other schemes in all areas, including cryptography. We are working to improve responsibility regarding our application efforts. “

Some experts in market regulation expect the arrival of Paul Atkins, who has been nominated by President Donald Trump to assume the position of president of the SEC, to have a better idea of ​​the agency’s management.

“It is tremendously important for the American economy that we protect the capital markets, and I don’t see Paul Atkins how to want Capital Regulation.

But Fisch added that Atkins “will have a real problem” regulating the markets effectively “if there is any kind of mass thrust” of people.

Atkins and the White House did not respond to a request for comments.

Surprised personnel

The SEC was taken by surprise by the email of January 28 from the Office of Personnel Management (OPM), entitled The “Hork in the Road”. The email, which has sent shock waves through the federal bureaucracy, included the end of the remote work for most employees and offered those who resigned before February 6 to receive wages until September.

A federal judge has temporarily blocked the deferred resignation program, with a hearing scheduled for Monday.

In a January 29 memorandum seen by Reuters, the OPERATION DIRECTOR OF THE SEC, Ken Johnson, said the agency first learned of the deferred resignations of the OPM email and that “he was looking for more clarifications about aspects of the program “

The SEC City Council with the commissioners was scheduled before the email, two of the agency’s officials said. The regulator usually has five politically appointed commissioners. Three, two Republicans and a Democrat, are currently in their place. The three spoke at the meeting.

Caroline Crenshaw, the democratic commissioner, acknowledged in her comments that it had been a difficult week for the staff and promised to support them the best you can.

The accusation of the administration pointed out that the SEC had been politicized, saying that it was for the appointed politicians to face compensation, not the staff, said one of the attendees. His comments were received by sustained applause.

Crenshaw did not respond to a request for comments.

New address

Bajo Atkins, the agency is expected to make a great change of how its predecessor Gary Gensler, a Democrat, supervised capital markets. Gensler adopted an aggressive execution regime, raising more than $ 20 billion in fines and other positions.

Atkins has not hidden its distrust of much of the SEC process to investigate and discipline rules offenders, and has argued that corporate fines unjustly penalize shareholders.

While Atkins is waiting to be confirmed on paper, Uyeda has begun to implement some changes as chief of action. The SEC was recently restarted in the capacity of the personnel in the configuration division of issuing citations, it is considered that investigations will be reduced.

In the cryptocurrency, where Gensler took a difficult position while Trump has promised deregulation, the SEC has already created a working group to work with the industry. That is directed by Republican Commissioner Hester Peirce, known as “cryptographic mom” due to his favorable position towards the sector.

Peirce did not respond to a request for comments.

In recent days, the SEC also reassigned its advisor to superior execution litigation and reduced the cryptography team by moving the lawyers who work in that group elsewhere, according to two and a current official of the current Sec. These reallocations were first reported by the New York Times.

In line with the disgust of administration for diversity, inclusion and equity policies, the SEC has finished programs such as affinity groups, a current and a former official said.

An affinity group for Asian Americans canceled a lunar lunch lunar in the light of the administration guide, according to an email on January 24 seen by Reuters.

“With deep repentance, unfortunately we are forced to cancel this event,” said email, saying that the people who had contributed would receive reimbursements.

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