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Tuesday, March 19, 2019

SEC says Elon Musk failing to get his Tesla tweets pre-approved is 'stunning'

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The barbs continue to be thrown over Elon Musk's tweeting.

As part of a settlement with the Securities and Exchange Commission (SEC) over that notorious "funding secured" tweet, Musk agreed to have certain tweets pre-approved by Tesla.

The tweets to be vetted were ones "that contain, or reasonably could contain, information material" to the company or its shareholders. 

The agreement was reached following the SEC's allegation that Musk's $420 tweet was "false and misleading," and had created significant confusion in the market.

Anyway, it turns out Musk apparently hasn't had any of his tweets vetted, according to a filing submitted by the SEC late on Monday. The SEC called the revelation "stunning." Read more...

More about Tech, Tesla, Elon Musk, Security And Exchanges Commission, and Tech

from Mashable https://ift.tt/2HF7sy8

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