What does that have to do with anything?
The argument is living where you work makes you more connected to and knowledgeable of the community you serve, which isn't really a requirement for a stockbroker.
New York has 36,000 officers and 19,000 civilian employees. How many do you think they would have if they forced them to live in New York?
Departments are hemorrhaging officers as it is.
https://www.wsj.com/articles/police-departments-are-losing-officers-and-struggling-to-replace-them-11643288401
Article is paywalled, but from what I've read in other places a lot of it is because a bunch either quit because of vaccine mandates or actually died of COVID while others are worried about increased scrutiny, to which I say, good riddance. Or they just got a better job.