Former SEC chair says Musk could be removed as CEO in civil case, go to jail if criminally charged

Former SEC chair says Musk could be removed as CEO in civil case, go to jail if criminally charged

6 years ago
Anonymous $oIHRkISgaL

https://www.cnbc.com/2018/09/27/ex-sec-chair-elon-musk-could-be-removed-as-ceo-face-jail-time-.html

Tesla CEO Elon Musk faces a range of penalties from the civil charges the SEC revealed Thursday, according to a chair of the Securities and Exchange Commission.

"He can face a number of penalties ... he can have fines imposed against him, he can effectively be barred for a period of time or permanently from serving as a principal officer or a director of a public company," Former SEC Chairman Harvey Pitt told CNBC's "Closing Bell" on Thursday. "That last element would of course strike a very severe blow to Tesla."

Former SEC chair says Musk could be removed as CEO in civil case, go to jail if criminally charged

Sep 27, 2018, 9:37pm UTC
https://www.cnbc.com/2018/09/27/ex-sec-chair-elon-musk-could-be-removed-as-ceo-face-jail-time-.html > Tesla CEO Elon Musk faces a range of penalties from the civil charges the SEC revealed Thursday, according to a chair of the Securities and Exchange Commission. > "He can face a number of penalties ... he can have fines imposed against him, he can effectively be barred for a period of time or permanently from serving as a principal officer or a director of a public company," Former SEC Chairman Harvey Pitt told CNBC's "Closing Bell" on Thursday. "That last element would of course strike a very severe blow to Tesla."