The Securities and Exchange Commission is facing an exodus of staff across key departments as hundreds of employees have agreed to take resignation offers amid President Donald Trump’s efforts to remake the U.S. government, five people familiar with the matter told Reuters. Departures, which include senior staff and enforcement lawyers, could “significantly hamper the watchdog’s efforts to police markets and protect investors,” the sources told Reuters. Publicly traded large banks include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Stock exchange operators include Nasdaq (NDAQ) and IntercontinentalExchange (ICE).
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