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by malshe 1649 days ago
The SEC is pretty much a nobody when it comes to 3-letter agencies. See how Elon Musk challenges them publicly and all he got in return was a slap on the wrist.

On a related note, the major issue with the SEC as highlighted by every knowledgeable commenter is that they have a revolving door shared with the same banks and organizations they are supposed to monitor. People leave SEC and join Goldman Sachs or JPM and then when new administrators come in they rejoin the SEC. It’s corruption at an unprecedented level.
2 comments
xwolfi 1649 days ago
He got much more than a slap on the wrist, he go removed from his chairman incestuous position from Tesla. It's the first red flag of bad governance when the CEO is also the chairman (others are to have the board full of family members and overly paid sycophants, I let you google who s on Tesla board).

This will eventually be the starting point of a very slow reform at Tesla, so not a bad deal.

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shukantpal 1649 days ago
> See how Elon Musk challenges them publicly and all he got in return was a slap on the wrist.

Publicly challenging them is not illegal or even bad so that seems reasonable.

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