Elon Musk, SEC settle again over his tweets

Elon Musk, SEC settle again over his tweets

5 years ago
Anonymous $9jpehmcKty

https://www.mercurynews.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.