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The SEC really doesn’t like such plays.

No wait that was a couple months ago.

Is the SEC still around? I thought Elon announced he was eliminating all federal agencies this month containing a letter in the word Valentine.

The husk of the SEC with its brains scooped out is a useful tool to sic upon one's competitors or ideological enemies. I wouldn't be surprised by an SEC investigation into OpenAI in the next few years.

Can the SEC investigate private companies?

Yes. Public companies just have more reporting requirements, but as long as an organization deals with Securities like shares, they fall under the SEC's ambit, public or private.

I think the OpenAI's non-profit to profit transition would have warranted a looking into by any administration, I suspect there will be additional personal animus driving this specific set of players.

Yeah I was thinking the same thing. It's only a matter of time before Musk goes after Altman with the newly weaponized agencies.

The SEC will probably still exist to punish enemies.

So update your bio with a MAGA photo and something racist.

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