US Securities and Exchange Commission beginning to onboard DOGE staff, email says
Source: Reuters
The U.S. Securities and Exchange Commission is beginning to onboard officials with billionaire Elon Musk's Department of Government Efficiency, according to an email sent on Friday to department staff.
SEC staff were informed that the DOGE task force had contacted the regulator, and that they would be treated as staff for the purposes of network, system and data access. The SEC is establishing a liaison team with the "intent to partner" with DOGE, the email said. The email was first reported by Reuters.
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Before Trump assumed office, Musk was sued by the SEC in January, where he was accused of waiting too long to disclose a 2022 stake in Twitter, the social media company he later bought and renamed X. Musk did not settle the case, and his lawyer described it as the culmination of a "multi-year campaign of harassment" against his client.
Musk has feuded with the SEC since 2018 when the agency sued him for tweeting that he had secured funding to take his electric car maker Tesla private. In January, Musk called it a "totally broken organization."
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Read more: https://www.reuters.com/world/us/us-securities-exchange-commission-beginning-onboard-doge-staff-email-says-2025-03-28/
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