The SEC hasn’t filed any enforcement action so far against Musk over his Twitter trading. If the SEC makes a formal complaint against Musk for fraud, regulators are likely to again ask a court to bar him from serving as an officer or director of a public company, former officials said, exposing him to the possibility of removal from Tesla.
Just as they tried to take away Trump’s right to do business in the state of New York, Biden’s SEC is trying to take away Musk’s right to lead his own companies if they are publicly traded. It doesn’t matter what the shareholders want. They want to deprive Tesla and other companies Musk serves as a top company officer for from his business, same as they tried for Trump.
Time to re-read “Atlas Shrugged” yet again.
The left cannot ceede power in an election given all their legal theories and vile application of law... and disorder. Over 160,000 DNC members should be in jail.
Not to quibble, but the SEC is an agency of the federal government, not New York State. Nevertheless, anyone who takes Kathy Hochul’s word that their business is safe from the kind of state level lawfare that was unleashed against Trump, is foolish.
Bkmk
Musk already left one country that was hostile to his interests, he can do it again.
And this time he's much richer and so has more options.
Now this war should be called: The War on American Excellence