
(DailyEmailNews.com) – In a move that reeks of political motivation and government overreach, the embattled Securities and Exchange Commission (SEC) has launched a lawsuit against free speech champion Elon Musk.
This move appears to be an effort to undermine a conservative ally and Trump supporter by accusing Musk of failing to disclose his Twitter stock purchases properly.
Specifically, the SEC filed a lawsuit against Musk, alleging he misled shareholders about his Twitter stock purchases in 2022.
The lawsuit claims Musk failed to disclose his ownership of more than 5% of Twitter’s stock in a timely manner, supposedly underpaying investors by at least $150 million.
Musk did not mince words in his response to the SEC’s actions. He called the agency a “totally broken organization” and dismissed the lawsuit as a “sham.”
His attorney Alex Spiro went even further, stating that the SEC’s action is an admission of their inability to bring a legitimate case against Musk.
Spiro declared:
“The SEC’s multi-year campaign of harassment against Mr. Musk culminated in the filing of a single-count ticky tak complaint against Mr. Musk under Section 13(d) for an alleged administrative failure to file a single form — an offense that, even if proven, carries a nominal penalty.”
The timing of this lawsuit is suspicious as it comes shortly before SEC Chairman Gary Gensler’s planned resignation.
Genlser’s expected exit suggests a last-ditch effort to target a prominent conservative figure.
Moreover, President-elect Donald Trump has chosen Musk to lead the Department of Government Efficiency (DOGE), further highlighting the political nature of this attack.
It is important to remember why Musk purchased Twitter in the first place: to promote free speech and reduce censorship, particularly regarding conservative viewpoints.
After acquiring the platform, he renamed it X and released the “Twitter Files,” which exposed the previous suppression of news stories that did not align with the liberal agenda.
The SEC’s lawsuit seeks disgorgement of unjust enrichment and civil penalties from Musk.
However, this appears to be nothing more than a veiled attempt to punish a successful businessman for his conservative values and dedication to free speech.
This is not the first time Musk has faced legal conflicts with the SEC. In 2018, he responded to a complaint about Tesla investors, and in 2023, the agency investigated his purchase of X.
These repeated attacks on a successful American entrepreneur raise serious questions about the SEC’s motives and its role in targeting a conservative figure who champions free speech.
Ultimately, the SEC’s actions are a reminder of the ongoing battle against the deep state and the importance of supporting those who dare to challenge the status quo.
BREAKING: The SEC is suing Elon Musk, alleging failure to properly disclose Twitter ownership.
Is this politically motivated? pic.twitter.com/pyKD60RYuY
— TaraBull (@TaraBull808) January 15, 2025
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