The SEC Commissioner, Hester Peirce, admitted that the agency “will see people leave” while the threat of staff reductions approaches, saying “some of those departures will be very difficult” for both him and the agency.

“At the same time, there is really deep talent there,” Peirce said during a discussion at the annual conference of compliance with the Washington Investment Advisors Association, DC “We will do our best to grab and protect people there because they develop even deeper knowledge and expertise.”

In recent weeks, the Commission offered “qualified employees” a $ 50,000 purchase to leave the agency until early April, according to Bloomberg.

Moreover, Elon Musk's “Government Department of Government Department” was apparently working within the commission, and the General Services Administration was thinking of closing the SEC Regional Offices in Agoikago, Los Angeles and Philadelphia (though it remains unclear what is eventually going to go).

During this morning conversation with IAA Karen Barr President, Peirce said some recorders may see the new administration (and SEC regime) as an indication that they may worry less about compliance requirements and do what they want.

She said that this “would not be a wise attitude to take”, noting that the rules for books had to be implemented and that while adjusting guidelines and examinations would be part of that solution, implementation will always be part of it.

“You're not doing anyone to favor by taking that kind of attitude because the desire to work with the industry is a desire to get a common goal to get the right compliance, to set the right rule, get the right implementation and work together for this purpose. But if we think there are people who are not doing so in good faith, it really corrupts that whole effort.”

Barry noted that the commission's leadership had changed drastically in recent months, and councilors wonder whether some of the proposed rules that were not completed (including regulations for forecast data analytics, ENG for internet councilors and security, among other things) may be changed or saved.

While Peirce would neither confirm nor deny that the rules would be reviewed, she admitted that she and office chairman Mark Uyeda had similar concerns for some of the proposals and had previously worked with SEC Candidate Paul Atkins.

“I will not make predictions about what will be on the ATKIN leader's agenda, but I would be very surprised if he would take the agenda of President Gensler and approve it as his own,” she said. “So this is just as comfortable as I can give.”

Peirce also said that it was frustrated by the Commission's previous approach to money laundering rules and implementing out -channel communications. She felt that the first was unnecessary and double of other demands and wondered if a change in regulating out -channel communication was needed due to the width of the technical changes of behavior violations by the commission.

“You can have a great compliance program,” she said. “You can do whatever you can to make sure people are consistent, but there will be disrespect perhaps because people are people.”

Later, Corey Schuster, a co-director in the assets management unit in sharing the implementation of the SEC, said that he thought that the bailiff's division had been clear about the topic of out-of-channel communications, and was unlikely to have a large number of enforcement actions regarding it (As it would have had the past few years).

“Exams can undoubtedly examine for out -of -channel communication issues,” he said. “But I think the message is sent by implementation.”