> There is no legal precedence for this kind of action because we have an SEC that is meant to root out deception in public companies, that was gutted as a result of the current US administration.

Trump took the gutting to an extreme, but antitrust and investor protection agencies have been gutted for decades. The only thing that will draw actual consequences is defrauding or otherwise hurting other rich people - Liz Holmes, Madoff, Epstein or the Dieselgate scandal. But screw over the little man? You'll probably get some sort of bonus.