GAO to Probe SEC Changes Under Trump, Musk

The U.S. Government Accountability Office (GAO) is set to investigate significant changes at the U.S. Securities and Exchange Commission (SEC), influenced by the White House and Elon Musk's Department of Government Efficiency. These changes include staff reductions, lease terminations, and work consolidation, as part of a broader effort by President Donald Trump and Musk to downsize federal agencies. The investigation was prompted by requests from Senators Elizabeth Warren and Mark Warner, concerned about the impact on the SEC's capability to fulfill its mission. Since Trump took office, the SEC has seen a reduction in high-profile cases and a wave of staff resignations. The GAO's decision follows media reports on these shifts, with the probe expected to commence in about three months. This overhaul occurs amid market volatility linked to Trump's tariff announcements.