securities

Financial regulators have also explicitly disavowed the Biden administration's guidance on securities.

In its January complaint, the SEC alleged that Musk violated US securities rules requiring investors to disclose within 10 days if their holdings in a company surpass 5%.

“I hope the Board will ... not allow the bottom to drop from under our securities,” Truman said, referring to the decline of treasury prices if the board let rates rise.

Treasury securities, a rule that exists to this day.

That would outstrip the capacity of the global credit and derivative securities markets.