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Reuters

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Business & Economics

Wall St regulator defends steep staff cuts

Reuters
Summary
Nutrition label

81% Informative

Hundreds of SEC staff since January have taken early retirement and buyout offers, with key offices losing as many as one of every five employees.

The cuts have created unease among career staff and prompted concern the agency's reduced capacity could hinder its ability to prevent fraud and market turmoil.

Atkins says savings so far from contracting cuts driven by billionaire Elon Musk's Department of Government Efficiency amounted to $9 million .

VR Score

91

Informative language

97

Neutral language

73

Article tone

formal

Language

English

Language complexity

60

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

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