In one of his last actions before President Donald Trump moved his position in January, the Securities and Stock Exchange Committee filed a lawsuit against Elon Musk for violations of securities related to his acquisition on twitterNow known as X. Now, the supreme lawyer in the case resigned, Robin Andrews, from the agency, according to LinkedIn Another court presentation. In LinkedIn, Andrews did not cite a specific reason for his decision, but he described his resignation as a “tragic day” that came after weeks of severe circulation.

According to two persons familiar with the resignation, who spoke with him luck Provided that his identity is not disclosed to discuss special deliberations, Andrews expressed his concerns about colleagues that SEC, under a specific chair from Trump, will vote to reject the case or settle it for a small punishment. These concerns were a worker in his decision to leave the agency, according to the people.

Andrews wrote at the LinkedIn post: “SEC should always focus on protecting investors and holding violators accountable, regardless of who they are,” Andrews wrote in the LinkedIn post. “Only then the public can trust that securities markets are not falsified against the” main street “investors in favor of the wealthy or powerful.”

His resignation came on April 4, a few days after the government’s efficiency Ministry entered in Musk, or Doug, to the Supreme Education Council, and after it mocked musk from the agency for its decision to submit an enforcement procedure. In December, musk to publish A message on his social media platform X he received from the agency that issues the demand for the settlement. “Gary, how can you do this to me?” Musk Books, refers to the then President of SEC Gary Ginsler.

Andrews refused to comment. A SEC spokesman did not immediately respond to a request for comment.

A second against musk

Musk had a long -term runner with the Supreme Education Council, which dates back to 2018, when the agency was Charged Musk with fraud in the securities of a series of tweets about a possible treatment that must be taken Timing private. Musk settle The accusations, which agree to a personal penalty worth 20 million dollars and bend as the company’s head.

The most modern Musk conflict with SEC came after it acquired Twitter in 2022. SEC launched an investigation into the Musk to buy a minority position in the company before the acquisition and whether it had been properly revealed his position, which allowed him to pay for less shares than in the appropriate disclosure.

MUSK and SEC lawyers fought in court Scheduling Interview, with billionaires flowing at the agency X with approaching procedures for enforcement. Bloomberg column writer Matt Levin books The suspended litigation was “no Which – which Seriously violating securities … but very Intuitive Violation, “described it as” a completely open violation of the law. ”

SEC finally presented her suit On January 14, 2025, a few days before Trump was appointed to take office, and Andrews were listed as a major lawyer, calling for a civil and dismantling penalty, a legal term to restore profits. Musk lawyers I was denounced The procedure, which he describes as a “trick” after “a multi -year campaign of harassment.”

With the growth of the Musk Authority in the Trump administration, including Doug’s direction to reshape several federal agencies, the lawsuit continued to progress slowly. On March 31, SEC and Musk joint Move To appoint June 6 as the history of Musk to respond to the complaint of the Supreme Education Council. Just three days ago, SEC employees were Advocated By e -mail that the agency will start working with Doug officials, although the extent of its mandate is an unknown shadow.

Another lawyer in Musk, Bernard Smith, left the agency last week, according to two people familiar with this issue.

This story was originally shown on Fortune.com

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2025-04-09 19:37:00