‘Just Another Weaponized Institution’: Ramaswamy, Musk Slam SEC Following Diversity Policy Reversal

Vivek Ramaswamy and Elon Musk slammed the Securities and Exchange Commission (SEC) on Thursday after a federal court overturned a decision on diversity policy.

The Fifth U.S. Circuit Court of Appeals in New Orleans struck down proposed diversity rules from Nasdaq, which mandated that listed companies either include minority and female directors on their boards or explain their absence. The court determined that the SEC lacked the authority to sanction these rules.

Musk and Ramaswamy, along with other Trump supporters, lambasted the agency following the federal appeals court decision. The duo took to social media to question the SEC’s effectiveness and accused it of political bias.

“When an agency like the SEC is so repeatedly & thoroughly embarrassed in federal court for flouting the law, it loses its legitimacy as a law enforcement body,” Ramaswamy wrote on X, previously…

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