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Elon Musk, SEC settle again over his tweets

Elon Musk, SEC settle again over his tweets

5 years ago
Anonymous $9jpehmcKty

https://www.siliconvalley.com/2019/04/26/elon-musk-sec-settle-again-over-his-tweets/

Elon Musk and the SEC on Friday reached another settlement over the Tesla CEO’s tweets.

Under a new proposed amendment to a settlement that both parties reached last year over other tweets by Musk — which cost him his position as Tesla’s chairman, plus a fine of $20 million each for Tesla and Musk — the chief executive’s written communications must be “pre-approved by an experienced securities lawyer employed by the company” when they concern topics listed by the Securities and Exchange Commission.

Elon Musk, SEC settle again over his tweets

Apr 26, 2019, 11:27pm UTC
https://www.siliconvalley.com/2019/04/26/elon-musk-sec-settle-again-over-his-tweets/ > Elon Musk and the SEC on Friday reached another settlement over the Tesla CEO’s tweets. > Under a new proposed amendment to a settlement that both parties reached last year over other tweets by Musk — which cost him his position as Tesla’s chairman, plus a fine of $20 million each for Tesla and Musk — the chief executive’s written communications must be “pre-approved by an experienced securities lawyer employed by the company” when they concern topics listed by the Securities and Exchange Commission.