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Browse: Home / 2019 / March / 19 / SEC Stunned That Musk Failed to Get Pre-Approval of Tweets – Bloomberg

SEC Stunned That Musk Failed to Get Pre-Approval of Tweets – Bloomberg

By Securities Docket on March 19, 2019, 9:19 am

The U.S. Securities and Exchange Commission said it’s “stunning” that Elon Musk didn’t seek pre-approval of any of his tweets about Tesla Inc. in the months since he was ordered by a judge to do so.

Musk’s August tweets about taking Tesla private resulted in $40 million in fines, the appointment of two independent board directors and the replacement of Musk as chairman. His settlement with the SEC, approved by a judge in October, called for Tesla to designate an attorney to pre-approve company-related tweets. The electric-car maker appointed one in late December, but that person is monitoring the tweets in real time, not approving them beforehand.

via SEC Stunned That Musk Failed to Get Pre-Approval of Tweets – Bloomberg.

Posted in SEC, Top | Tagged Tesla

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