What does the exodus of senior officials at the SEC mean for the future of securities regulation? This month, the SEC announced that the agency's chair, two division heads, and the general counsel and chief of staff will leave their posts. Though it is not unusual for political appointees, like the SEC chair and commissioners to end their tenures after a Presidential election, it is not typical that the senior staff does so. These changes in leadership may signal a new direction for the SEC, and may also delay some regulatory efforts like money market reforms, crowdfunding regulation, and progress on Dodd-Frank regulations.