Saturday, September 21, 2024

SEC regulatory capture

 Exactly:


NEW: The U.S. Securities and Exchange Commission (SEC) intends to seek sanctions against Elon Musk for failing to appear for court-ordered testimony for his Twitter takeover. The Swamp doesn't like it when they can't control what you say. The SEC is investigating whether or not Musk "broke federal securities laws" when he bought Twitter in 2022. "In a court filing, the SEC said the sanctions motion would seek an order to show cause for why Musk should not be held in civil contempt for waiting until just three hours before the scheduled Sept. 10 testimony to advise he would not appear," Reuters reported. Here is what Elon previously had to say about the SEC:


The SEC won't pursue hedge funds because the SEC lawyers are underpaid and want the firms who represent the hedge funds to hire them. Instead, the SEC lawyers look for a trophy for their resume so the big law firms will hire them. The SEC doesn't protect the small retail investors.

No comments:

Post a Comment

20-point plan

  Insurrection Barbie @DefiyantlyFree Subscribe Here is Trump’s 20 point plan to make America Great Again. If you remove the partisan brainw...