LAST MINUTE PUNCH IN THE DARK ....

Remember, I am behind episodes of Special Report (FNC) ... I have just finished Tuesday's episdoe (jan. 14th) .... so I am almost caught up, but not quite ....

At the end of this episode/news broadcast, there was some "Breaking News" .... which isn't breaking anymore, but I don't recall hearing anything about it on any otther program today ... or yeserday eiher ... so perhaps the others simply overlooked it.

The SEC (Securitties and Exchange Commission) have file suit against ELON MUSK .... for having purchased more than 5% of Twitter stock in a "timely manner" ....which allowed him to purchase stock at a lower price than he would have been able to had the news gotten out ahead of time ....

So .... wait ....

The SEC .... currently ran by Gary Gensler ... I think that's how his name is spelled ... sets the price for stock, then????

I thought they were just there to make sure there's no "Insider Trading" .... such as what Martha Stewart did ... no playing with stock prices, making something look better than it really was (aka Enron) ...no misuse of company funds in illegal matters (aka Enron & that guy who stole money from his E-Coin operation, I can't recall who he is right now) ... 

I thought they were supposed to prevent things like Hostile Take Overs ... at least that's what they were ttrying to do when Musk talked about taking over Twitter the first time ...

This is yet another over reach by the Biden minons to try to wreck the next Trump presidency before it even starts ...

But instead of going after Trump, this time they are going for those he is wishing to put into a post which will be scrutinizing the spending in D.C. of the PEOPLE'S money ...

We will have to see what happens with this ... 

FIrst thing they will have to do ... is define "Timely Manner" ....

After all, he might have purchased more than 5% from a single stockholder ... in which case, the question becomes ...

Is there a LIMIT as o how much stock any single person can OWN at any given time .... while the stock is on the Stock Exchange?

And IF the stock is NOT on the Exchange, does the SEC have a standing as to how it is owned and when things need to be "reported"??