Elon Musk’s DOGE To Launch Probe Into SEC

The US Department of Government Efficiency (DOGE), led by billionaire Tesla and SpaceX founder Elon Musk, plans a probe into the US Securities and Exchange Commission (SEC) as part of its mission to reduce government spending.

DOGE is expected to arrive at the SEC in the next few days, according to a Feb. 17 Politico report that cited two people briefed on the matter. “They are at the gates,” the sources reportedly said.

New DOGE X Account Asks For Tips On Waste, Fraud And Abuse In The SEC

DOGE’s initiative to investigate the SEC comes as the department launched a newly created X account called DOGE_SEC. In a post yesterday, the organization asked for the public’s help in “finding and fixing waste, fraud and abuse” related to the SEC. Anyone with insights has been asked to DM the account.

Musk himself has battled with the financial regulator. Most recently, the SEC alleged that the billionaire underpaid Twitter stock investors by more than $150 million. Musk responded to the allegations on X and called the SEC a “totally broken organization.”

Totally broken organization.

They spend their time on shit like this when there are so many actual crimes that go unpunished.

— Elon Musk (@elonmusk) January 15, 2025

Democrats Raise Concerns Over Musk’s Access To Sensitive SEC Data

The DOGE probe into the SEC could potentially give Musk access to sensitive information, which opposing Democrat lawmakers, including Maxine Waters, have expressed concerns over. 

Last week, Waters told acting SEC Chair Mark Uyeda in a letter that giving Musk and DOGE access to the SEC’s systems would “jeopardize the important role the SEC plays in maintaining and overseeing critical financial data.”

These lawmakers mainly voiced their concerns about the SEC’s “Consolidated Audit Trail,” which is a large surveillance system the agency uses to track trading activity across the US markets.

The lawmakers warned that this system could be Musk’s “single largest treasure trove” that he might “pillage for his personal gain or vendetta,” according to the Politico report. 

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