(Reuters) The Securities and Exchange Commission is not the best place to work among federal agencies in Washington, according to a new study by a government watchdog.

The SEC’s organizational structure “has not been conducive to motivating and encouraging a high level of performance,” concluded the Government Accountability Office in a report released on Thursday.

“Many staff indicated that morale is low and a significant percentage characterize the atmosphere of the agency as one of distrust,” the GAO said.

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