fosstodon.org is one of the many independent Mastodon servers you can use to participate in the fediverse.
Fosstodon is an invite only Mastodon instance that is open to those who are interested in technology; particularly free & open source software. If you wish to join, contact us for an invite.

Administered by:

Server stats:

10K
active users

#SEC

56 posts27 participants6 posts today

TubeFilter: Haliey Welch is free to go over $HAWK fiasco, SEC says. “The U.S. Securities and Exchange Commission will not be spitting on that thang. After months of investigation into ‘Hawk Tuah girl’ Haliey Welch‘s disastrous $HAWK crypto launch, the SEC has closed the case without finding her at fault, and without pursuing any sanctions or fines, TMZ reports.”

https://rbfirehose.com/2025/03/29/tubefilter-haliey-welch-is-free-to-go-over-hawk-fiasco-sec-says/

ResearchBuzz: Firehose | Individual posts from ResearchBuzz · TubeFilter: Haliey Welch is free to go over $HAWK fiasco, SEC says | ResearchBuzz: Firehose
More from ResearchBuzz: Firehose
Continued thread

"Wall Street's top regulator said on Thursday it had voted to cease legal efforts to defend regulations that require companies to disclose #climate-related emissions, risks and spending, and had been hotly contested by industrial lobby groups.

The decision by the Republican-dominated U.S. Securities and Exchange Commission had been widely expected following public remarks last month by its acting chairman, Mark Uyeda."

reuters.com/business/environme
#SEC #ClimateDisclosure

Continued thread

On the #xAI purchase of #X (#Twitter)

Because both companies are privately held & controlled by #Musk, the transaction likely amounts to a #stock swap, with X investors getting paid out in xAI shares. The companies have a number of mutual investors, including venture firms #AndreessenHorowitz & #SequoiaCapital, as well as #Fidelity Management, #VyCapital & #SaudiArabia’s Kingdom Holding Co.

#law #securities #SEC
cnbc.com/2025/03/28/elon-musk-

CNBCElon Musk says xAI has acquired X in deal that values social media site at $33 billionIn a social media post on Friday, Elon Musk said his startup xAI has acquired his social media company X.
Continued thread

And round & round we go

#ElonMusk must face #Twitter #shareholders’ lawsuit over alleged #securities #fraud

A proposed class-action lawsuit against #Musk and his family office #Excession can proceed in federal court, a judge ruled Friday, after the #tech centi-billionaire sought to have the case dismissed.

The case is Rasella v. Musk (Case No. 1:22-cv-03026-ALC-GWG) in the SDNY.

courtlistener.com/docket/63230

#law #SEC
cnbc.com/2025/03/28/elon-musk-

#Trump on Friday commuted the sentence & probation of #CarlosWatson, a co-founder of the now-defunct #digital #media company Ozy Media, on the day he was set to surrender to prison.

Watson was sentenced in Dec to almost 10yrs in #prison for #fraud, #IdentityTheft, #SecuritiesFraud, & #WireFraud.

Watson & Ozy were also ordered to pay $96M in restitution & forfeiture. As part of Trump’s commutation, they will no longer have to pay.

#law #felon47 #CFPB #SEC #corruption
cnbc.com/2025/03/28/trump-comm

CNBCTrump commutes sentence of Ozy Media founder Carlos Watson just before prison surrenderOzy had falsely claimed to have deals with Google and Oprah Winfrey before the company and CEO Watson were criminally charged.

'The U.S. #SecuritiesAndExchangeCommission (#SEC) "is beginning to onboard members" of #ElonMusk's Department of Government Efficiency (#DOGE), an SEC spokesperson told Newsweek on Friday.

'The move comes after the commission sued #Musk over alleged violations of securities laws related to his failure to disclose his #Twitter shares in a timely manner before acquiring the #socialMedia platform...'

newsweek.com/doge-staff-sec-su
#USpol #cronyism #cronyCapitalism #DOGEbags #MoveFastAndLootThings

Breaking News
Newsweek · DOGE Staff Onboarded at Federal Agency Suing Elon MuskBy Mandy Taheri

This won’t end well

The #SEC is beginning to onboard ofcls w/billionaire #ElonMusk's #DOGE, acc/to an email sent on Fri to staff.

SEC staff were informed that the DOGE task force had contacted the regulator, & that they would be treated as staff for the purposes of network, system & data access. The SEC is establishing a liaison team w/the "intent to partner" w/DOGE, the email said.

[#Musk has repeatedly been investigated & sued by the SEC]

#law #Trump #broligarchy
reuters.com/world/us/us-securi

the #TrevorMilton (#Nikola Motor fraudster) pardon is not going over well with the #MAGA crypto bros, many of whom were scammed by... Trevor Milton (which should be unsurprising - these are gullible people who love trading meme stocks, AKA “the primary market for #NKLA shares”).

Tesla bros are also pissed, because Milton's whole scam was basically pretending to be Elon Musk for trucks.

"[Trevor Milton] did nothing wrong and he's a good person." - Donald Trump

"Trevor Milton donated $1.8 million to Trump and his lawyer is #PamBondi's brother." - me

video: x.com/AutismCapital/status/190

The fraudster behind Nikola Motors (the fake electric truck company that made the famous video purporting to be their flagship tractor trailer moving under electric power that turned out to be just an empty truck chassis rolling down a hill) has been pardoned by Donald Trump.

[edit] The famous "gravity powered truck" video: youtube.com/watch?v=yBCxCcICgt

[edit] Trevor Milton just posted a video thanking #DonaldTrump for the pardon and blasting the #SEC and #DOJ: x.com/nikolatrevor/status/1905

#NIKOLA#NKLAQ#NKLA