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They're not picking on one company arbitrarily. There was a specific whistleblower complaint sent to the SEC, about Twitter. Twitter is a large company, and the
by spfzero 4y ago
They're not picking on one company arbitrarily. There was a specific whistleblower complaint sent to the SEC, about Twitter. Twitter is a large company, and the SEC has to take notice by law.
Twitter sticks up as it is such a large company with so many customers, the complaint is authoritative, and there was an agreement in 2011 with the government which the complaint argues has been broken by Twitter. That agreement implied that Twitter would do your 1. and 2., starting 11 years ago, and they seem to have not.
- sangnoir 4y ago> SEC has to take notice by law. Senate =/= SEC
- spfzero 4y agoCongress oversees the SEC.
- sangnoir 4y agoYet congress doesn't have hearings on every SEC investigation. GPs claim was congress would better spend its time writing industry-wide laws instead of this dog-and-pony show (my words). Parent refutation was that the SEC is obligated to look into every allegation - my observation was that congress doesn't have to micromanage SEC investigations. I support gp - congress should be legislating or involving the SEC officials to see where the gaps in the law are, rather than seeking soundbites.