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Elon Musk says the SEC is making an unconstitutional power grab over his tweets
- _bxg1 8y agoEvery new Elon headline I see these days, all I can think is, "what a shame"
- hindsightbias 8y agoI don’t do twitter, but I think I could get everything I need from Elon and POTUS.
- dayaz36 8y agoProof SEC is clearly out to get Elon: "it is rare for the agency to seek a contempt order. Virtually every SEC contempt motion in recent years has sought to preserve assets, to recover money owed to the agency, to enforce a prohibition against issuance of securities or solicitation of investors, or to enforce compliance with an investigative subpoena. The SEC has not cited—and counsel has not identified—any prior case in the last decade where the SEC has sought a contempt order to enforce the type of injunction at issue here"
- turtlecloud 8y agoIt’s rare that a CEO publicly humiliates the SEC to a large audience on Twitter after getting a light warning/ response from his previous infractions? Elon sure inspired a lot of people to disregard the SEC, me included. I wonder if the SEC has any teeth at all. Not sure if you are sarcastic, but I believe the response from the SEC is warranted.
- dayaz36 8y agoWhat part of a direct quote is sarcasm? SEC has never filed a contempt claim of this nature in the last decade so either Elon is really lucky or SEC is clearly over reaching
- Dahoon 8y agoHe just keeps digging his hole deeper. It's sad watching such a slow fall.