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US Supreme Court Rejects Challenge to SEC ‘Gag Order’ Musk Opposed

Awaiting Supreme Court Opinion On Roe V Wade Ruling
Photographer: Eric Lee/Bloomberg
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The US Supreme Court Tuesday rejected a challenge—backed by Elon Musk and Mark Cuban—of the SEC’s power to “gag” parties who settle with the agency.

The case stems from a challenge by former Xerox Corp. chief financial officer Barry Romeril, who sued for the ability to deny the Securities and Exchange Commission’s fraud allegations after he signed a 2003 settlement with the agency.