Elon Musk has filed an appeal with the Supreme Court over a 2018 agreement with the SEC.
The agreement held that Musk would allow all of his online posts regarding Tesla to be screened before they could be posted to the internet and social media.
Musk now feels that the SEC muzzled his freedom of speech and overstepped its authority by forcing the agreement in the first place.
Unfortunately, the Securities and Exchange Commission has become weaponized and no longer deals in investor protection as much as it deals in partisan politics.
Gary Gensler, Jay Clayton, all these people are merely instruments for the regime and the bankers to protect their power structures.
Don’t believe me? When was the last time the SEC protected investors from a Ponzi Scheme or a rug pull before the scheme did its damage?
Bloomberg reported: “Elon Musk asked the US Supreme Court to consider invalidating an agreement with the SEC to have his posts about Tesla on his X social media network screened in advance.”
Elon Musk asked the US Supreme Court to consider invalidating an agreement with the SEC to have his posts about Tesla on his X social media network screened in advance https://t.co/h7NveJVDQ7
— Bloomberg (@business) December 7, 2023
Elon Musk asked SCOTUS to consider whether the SEC overstepped its authority in enforcing a consent decree that he has called a 'muzzle' on his constitutional free speech rights, his lawyer said https://t.co/K6Zipr5QT4 pic.twitter.com/pvxNghorjk
— Reuters Legal (@ReutersLegal) December 7, 2023
The background information regarding the dispute was provided by Reuters:
The consent decree was part of a settlement with the SEC under which Musk and Tesla each paid $20 million fines, Musk gave up his role as Tesla’s chairman and he agreed to let a Tesla lawyer approve some Twitter posts in advance.
In its ruling, the three-judge panel said Musk could not revisit the screening of Twitter posts because he had “changed his mind.”
Jay Clayton, the former head of the SEC, had this to say: “There’s no doubt that Elon Musk feels like he is genuinely trying to further mankind, and regulation is in the way of that. I don’t think anyone doubts that he violated the securities laws.”
"There's no doubt that @elonmusk feels like he is genuinely trying to further mankind, and regulation is in the way of that," says Fmr. SEC Chair Jay Clayton. "I don't think anyone doubts that he violated the securities laws." pic.twitter.com/OOAv0h777b
— Squawk Box (@SquawkCNBC) November 30, 2023
End Wokeness compiled a list of injustices Elon Musk has suffered under the current regime since he bought the X platform. All of this occurred after the 2018 SEC agreement.
The persecution includes: “SEC sues Musk over the purchase, FTC demands internal X documents, Biden DOJ sues SpaceX for not hiring refugees for secret rocket technology.
Biden DOJ and SEC open investigations against Tesla over a literal glass house. Biden DOJ opens criminal investigation against Tesla over self-driving cars.
Federal investigation into Neuralink. EOCC sues Tesla over harassment. Massive media campaign against X. Massive corporate boycott campaign.”
Since Elon Musk Bought 𝕏:
-SEC sues Musk over the purchase
-FTC demands internal 𝕏 documents
-Biden DOJ sues SpaceX for not hiring refugees for secret rocket technology
-Biden DOJ and SEC open investigations against Tesla over a literal glass house
-Biden DOJ opens criminal… pic.twitter.com/L6va2tmdka— End Wokeness (@EndWokeness) December 6, 2023
Forbes had more:
When Musk posted that 2018 tweet, he had spoken to executives with Saudi Arabia’s sovereign wealth fund.
However, he had not “secured” funding from them and Tesla was ultimately never taken private.
In a separate case, a group of Tesla shareholders sued the CEO, alleging they lost significant portions of their investments as a result.
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