SEC commissioner isn't exactly pleased with settlement over Elon Musk tweets

SEC commissioner isn't exactly pleased with settlement over Elon Musk tweets

5 years ago
Anonymous $9jpehmcKty

https://www.cnet.com/roadshow/news/sec-commissioner-displeased-elon-musk-tweet-settlement/

"Given Mr. Musk's conduct, I cannot support a settlement in which he does not admit what is crystal clear to anyone who has followed this bizarre series of events: Mr. Musk breached the agreement he made last year with the Commission -- and with American investors," Jackson said in a statement.

The settlement, which was publicized shortly after both parties asked a federal judge for an extension in negotiations, added clearer and more enforceable language regarding what Musk can and cannot tweet without requiring the green light from a securities lawyer. The agreement, which can be read in full below, forbids Musk from oversight-free public comments (read: tweets) about production or delivery numbers, comments on the company's financial health, new lines of business unrelated to current lines of business and more.