Ramaswamy and Musk Criticize SEC Over Diversity Ruling

Vivek Ramaswamy and Elon Musk criticized the SEC after a federal appeals court overturned the agency's approval of Nasdaq's board diversity rules, labeling the SEC as a 'weaponized' institution. The court's decision, favoring conservative groups, challenges the SEC's regulatory authority and may signal increased scrutiny under the incoming Trump administration. The ruling is part of broader efforts to challenge SEC rules, with Trump's nominee, Paul Atkins, expected to lead a more business-friendly agenda if confirmed.