Musk's SEC Investigation Update: Judge Rules Against Musk, SEC Gets Green Light for Testimony

Musk vs. SEC: Ruling Impact If you cannot see this email properly, please click [here]( PoliticsAndMyPortfolio.com is a part of Sandpiper Marketing Group, LLC. --------------------------------------------------------------- Sponsor Message [Holding NVDA? Read This NOW]( NVDA is likely not the best buy for A.I. investors. 50-year Wall Street veteran Marc Chaikin reveals what to buy instead. [Learn more here.]( --------------------------------------------------------------- Musk's SEC Bombshell Here’s the backstory… The SEC is investigating Elon Musk about his purchase of Twitter last year. They want to know if he followed all the rules when he bought the company and said things publicly about it. Musk and the SEC originally agreed he would answer their questions at their office. But then Musk said no. He said the investigation was pointless and just harassing him. He also said the SEC doesn't have power to force him to talk. The SEC sued Musk to make him testify. They say it's part of looking into his $44 billion Twitter deal. They want to know if Musk did what he was supposed to when he bought a big part of Twitter. And if what Musk said publicly about buying Twitter was truthful. --------------------------------------------------------------- Sponsor Message [The Strategic Gold Play You Haven't Heard About]( recommend adding gold to your portfolio, but in what form? Some savvy investors are now rejecting coins and mining stocks in favor of a unique gold investment alternative. It holds explosive growth potential similar to a junior gold stock -- but with less risk exposure. [Get the full story on this overlooked gold investment strategy here.]( --------------------------------------------------------------- The Judge's Decision On Saturday, a federal judge in California ruled against Musk. Judge Laurel Beeler said the SEC has broad power to force people to testify. She said Musk's testimony is important to the investigation. The judge also didn't agree that the SEC went beyond its authority. She said their subpoena to get Musk to testify was properly approved. Musk's lawyers claimed the SEC attorneys who issued the subpoena weren't officially appointed. So they said the subpoena was invalid. But the judge found the attorneys did have authority to issue it. This ruling is a big loss for Musk in fighting the SEC's investigation. Unless it's overturned, Musk will now have to sit for questioning and testimony. What This Means The ruling gives the SEC access to Musk as they investigate his Twitter purchase. This latest battle with the regulator continues Musk's fights with the SEC. The probe could potentially lead to fines or action against Musk and Tesla. For now, the SEC seems to have an upper hand in getting information from Musk. --------------------------------------------------------------- Sponsor Message [#1 Stock for Energy Crisis (Buy Now for Just $8)]( the world suffers an oil shock… And gas prices rip higher… One tiny company could have the answer to the global energy crisis. It’s using AI to crack open the largest untapped energy source on the planet… 5X larger than the biggest oil field on Earth. [Act fast, this $8 stock could be moments away from appreciating considerably.]( --------------------------------------------------------------- There is Hope The ruling gives the SEC access to Musk as they investigate his Twitter purchase. This latest battle with the regulator continues Musk's fights with the SEC. The probe could potentially lead to fines or action against Musk and Tesla. For now, the SEC seems to have an upper hand in getting information from Musk. However, while concerning, this does not need to deter your focus. Stay committed to your prudent investing strategies, watching for opportunities to grow your portfolio. Keep monitoring government overreach, whether from Democrats or regulators like the SEC. And have faith that keeping free markets and limited government interference at the forefront will set us on the right path. Though setbacks happen, sticking to your principles of fiscal responsibility, free enterprise, and limited regulation remains the best course. There is always hope for those who do not waver. If you maintain your steady focus, you can weather any storm. We’re in this together. James Reagan Editor, Contributor PoliticsAndWallStreet --------------------------------------------------------------- Sponsor Message [Richest investors clearly worried about something big]( Dalio, John Paulson, and many others all recommend you own gold right now. 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