Howard A. Fischer is Quoted in a Reuters Articled titled, "Interim SEC chief cast sole vote against suing Musk"
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Days before Republicans took control of the SEC, commissioners voted 4-1 to sue Elon Musk over his late disclosure of Twitter (now X) shares in 2022. The lawsuit, filed January 14, alleges Musk's delay saved him $150 million dollars by allowing him to buy shares at lower prices. Why did the SEC take so long to bring suit? "They could have brought it closer to the timing of the conduct,” said Howard Fischer, who worked at the SEC under President Barack Obama and President Trump. “But bringing it at the last minute – literally – it loses credibility. That’s problematic for any agency, especially when dealing with such an obviously politicized issue.”
