SEC seeks contempt charge against Tesla's Musk, says tweet violates deal

SEC seeks contempt charge against Tesla's Musk, says tweet violates deal

5 years ago
Anonymous $Dftgs0JzgE

https://www.reuters.com/article/us-tesla-musk-sec/sec-seeks-contempt-charge-against-teslas-musk-says-tweet-violates-deal-idUSKCN1QE2OR

The U.S. Securities and Exchange Commission (SEC) is pursuing a contempt order against Tesla Inc CEO Elon Musk, saying he violated a fraud settlement by tweeting material information without preapproval, sending the firm's shares down 5 percent.