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On March 25, the SEC memorialized what will could become an iconic document in the ongoing legal saga whether Elon Musk should be held in contempt of court. The letter was discovered and posted on Twitter by Aaron Greenspan. It is addressed to "The SEC, Whom I Do Not Respect".
The letter is satirically written by Elon Musk and signed with the name "Melon Tusk", placing an "M" and a "T" in front of Elon Musk's signature. It opens by ridiculing former SEC Chair Jay Clayton, stating:
Jay - Boy - Slack - Executives - Mission
"Jay is a being a good boy in cutting slack for highly important executives whose mission is to save the world and humanity."
The letter then thanks Hester Peirce for "her hard work towards dismantling the SEC".
Peirce - Job - SEC_Enforcement - SEC - Tool
"Peirce is doing a splendid job of neutering @SEC_Enforcement as much as possible, and turning the SEC into the perfect tool for businesses to 'hunt for profits' in pretty much any way that they see fit - especially those selling dreams that will come true in 3 months maybe, 6 months definitely," the letter reads, mocking public timelines once set by Elon Musk.
The letter "praises" the SEC's enforcement of its disclosure policies.
Now, let's talk about disclosures. I say to **** with all that legalese,...
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