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In January, the United States and Stock Exchange Commission (SEC) voted in the camera to give legal action against Elon Musko about the late publication of his acquisition on Twitter. Of the five commissioners, they voted for prosecution, while Mark Uyeda, temporary President of SEC, was the only one who opposed him. For what?
Elon Musk, which focuses on dry: suspicion of political maneuver!
The SEC survey focused on Elon Musk’s delay to publish the purchase of his shares on Twitter, a legal obligation for every investor exceeding 5 % of the company’s shares. This delay would allow Musk to save around $ 150 million by continuing to buy shares at a lower price.
Mark Uyeda expressed reservations about possible political motivations behind this legal act against Elon Muska. He asked employees responsible for applying the law to sign a statement that confirmed that the case has not been politically motivated, an unusual approach that the persons concerned in question. Special…
A complaint that reveals a line of regulatory defects
This internal opposition emphasizes the SEC division concerning the proceedings of alleged crimes on securities laws. While most commissioners estimated that the prosecution was justified, Uyed’s disagreement reflects concerns about the impartiality and priorities of the agency.
Elon Musk must answer the complaint on Suchá by April 4, 2025. This case may have significant consequences on the way the manager of enterprises manages the publication of financial information and the application of SEC regulations.
Musk’s matter reveals rising tensions within the SEC and raises questions about the independence of its decisions. Mark Uyeda’s opposition seems to reflect the desire to redirect the institution to a more favorable regulation to the actors in the crypto sector and contrasts strongly with the strict approach of Gary Genstler. And this shows in his recent proposal, which could force dry to give up certain laws of “murderer” against crypto societies.
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The world is evolving and adaptation is the best weapon that survives in this undulating universe. I am interested in everything about blockchain and its derivatives. To share my experience and promote an area that fascinates me, nothing better than writing informative and relaxed articles simultaneously.
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The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.