Elon Musk calls for overhaul of SEC amid lawsuit ...Middle East

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Elon Musk calls for overhaul of SEC amid lawsuit
source : The Hill ( Middle East ) () 21
Elon Musk called for an overhaul of the Securities and Exchange Commission (SEC) on Thursday, the same day the agency sued him in an effort to compel him to testify about his purchase of Twitter, the platform now known as X. “A comprehensive overhaul of these agencies is sorely needed, along with a commission to take punitive action against those individuals who have abused their regulatory power for personal and political gain. Can’t wait for this to happen,” Musk wrote on X in response to news of the SEC suing him.  The SEC is accusing Musk of failing to comply with a subpoena as part of its investigation over his purchase of Twitter last year. The agency had launched its probe in

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