Elon Musk, Vivek Ramaswamy Slam SEC: ‘Just Another Weaponized Institution’
Posted On December 12, 2024
Entrepreneur Vivek Ramaswamy, who will lead a new “Department of Government Efficiency” in Donald Trump‘s administration joined Tesla CEO Elon Musk in sharply criticizing the SEC following a federal court decision.
The Fifth Circuit Court ruled that the SEC acted unlawfully in approving Nasdaq’s diversity quota policy, a move that critics argue represents government overreach.
Ramaswamy’s pointed criticism came in response to a tweet summarizing the court’s decision.
“When an agency like the SEC is so repeatedly & thoroughly embarrassed in federal court for flouting the law, it loses its legitimacy as a law enforcement body,” he said.
The court’s ruling, authored by Judge Andrew Oldham, deemed …
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