Wall Street continues pushing its workers to return to the office five days a week, while SEC, the agency that regulates them, has no plans to return at all, according to Gary Gensler, the Securities and Exchange Commission boss.
In the past months, several Wall Street firms announced their plans to return fully to the office. Among the traditional office setup advocates, Jamie Dimon, JPMorgan, says the remote work model doesn´t work for the long term. Furthermore, he even compared remote work and zoom with management by Hollywood squares.
SEC Has No Plans to Returning to the Office
In a recent CNBC interview, Gary Glenser said he believed his staff was performing well working from home. Anchor David Faber specifically asked him how he felt about returning to the office since many Wall Street firms are moving in that direction.
Gensler acknowledged that working from the office has its benefits. However, he added that SEC employees would have the possibility to work remotely as long as they want, as they have been performing well at home.
“We’ve worked with our bargaining unit, with the union representatives, we moved to voluntary remote. That’s where we are. Compliments to the SEC staff of 4,500 people who have been able to be a cop on the beat.”