Headed by Ilon Mask Doge will start checking SEC

The US Department of State Efficiency (Doge) under the direction of Ilon Mask will audit the US Securities and Exchange Commission (SEC).

Cool!

And Grok 3 is coming soon. PRTRAINING IS NOW COMPLETE WITH 10X more compute than Grok 2. Https://t.co/54j81eof5

– Elon Musk (@Lonmusk) January 4, 2025

Doge representatives have asked the public to provide information on possible cases of corruption and abuse in SEC.

The department will start checking in the coming days, writes Politico with reference to its own sources.

The Deputy Chairman of the Committee on Financial Services of the House of Representatives Maxin Waters said that Doge access and mask to SEC confidential data, such as Consolidated Audit Trail system, poses a threat to financial market security. Waters posted her arguments in a letter directed by the Acting Head of the SEC Mark.

Donald Trump’s administration said Musk did not play a direct role in Doge, and the President himself promises to prevent possible conflicts of interest.

We will remind, on January 14, 2025, the regulator sued the mask for violation of the disclosure of data on the purchase of shares X. According to the department, he continued to “buy shares at artificially low prices”, spending more than $ 500 million, and at the same time “underpay at least $ 150 million” .

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