GSA to Nix SEC’s LA, Philadelphia Leases With Telework Possible

The Securities and Exchange Commission’s Los Angeles and Philadelphia regional offices could close in coming months as part of an effort by the General Services Administration to reduce federal government office space and related costs.

The GSA plans to terminate those two leases, the SEC’s Chief Operating Officer Ken Johnson told staff in an email Monday that was reviewed by Bloomberg.

The seal of the US Securities and Exchange Commission (SEC) on the agency’s headquarters in Washington, DC

Photographer: Daniel Heuer/Bloomberg

Reuters reported on the plans earlier.

The GSA is also looking to terminate the lease of the Chicago regional office, though the regulator said it had informed the GSA that terminating the lease could result in significant ...