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.

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

May 1, 2019, 3:36pm UTC
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.