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Trump Cancels The SEC’s Westlaw Subscription

Above the Law: “The new administration has made it clear that they don’t have much interest in enforcing the nation’s securities laws. Except maybe as an avenue to accuse companies of dishonoring shareholders by promoting ESG initiatives. The point is, Trump has a meme coin to sell and a media company stock to fluff so SEC enforcement has to hit the bench for a few years. Meanwhile, shadow president Elon Musk still nurses a grudge toward the agency for having the audacity to enforce the voluntary settlement he signed curtailing the risk he might commit fraud at scale over social media . But that’s not actually the reason they just cut off the SEC’s Westlaw access. And while on the surface, the canceled contract looks like another ill-conceived cost cutting measure from Musk’s bumbling speedrun through the federal budget, the reality appears to be much dumber…Earlier today, we learned that the word had gone out to executive agencies to purge all access to a variety of media that don’t meet the administration’s editorial standards…” [I doubt this is the only agency that forced to cancel access to Westlaw and Lexis. Please share additional information so that I may track this accurately. Thank you.]

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