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So let me get this straight... The SEC just lobbied a fruitless and wasteful lawsuit against the guy who makes flamethrowers and happens to soon be heading the publicly favored government waste incineration binge @DOGE? Did I get that right? https://t.co/fAayy7P5KF
Correct me if I am wrong please, but isn’t the below behaviour from the SEC called “extortion”? I suddenly have a strong interest in seeing an audit of where did all the money paid in settlements to the SEC in the recent years went https://t.co/otx8KyHLgE
A better question is: why is the SEC letting a serial securities law violater who's supposedy worth $400 billion BUY his way out of these crimes for an undoubtedly immaterial amount of money? That's a real great image of "American justice," @GaryGensler! https://t.co/Ne8wnlXdeE
Criticism has intensified against Gary Gensler, the Chair of the U.S. Securities and Exchange Commission (SEC), over allegations of corruption and favoritism. Observers are questioning the SEC's handling of enforcement actions, particularly in light of claims that a wealthy individual, reportedly worth $400 billion, is allegedly able to evade serious consequences for securities law violations. Concerns have also been raised regarding the SEC's settlement practices, with some suggesting a need for an audit of the funds collected from settlements in recent years. Additionally, there are accusations of the SEC engaging in extortion, as well as skepticism about the agency's priorities, particularly in relation to its recent legal actions against individuals involved in unconventional business ventures.
