SEC responds to Elon Musk harassment allegations

Stefan Mileschin · 21st February 2022, 08:34

The US Securities and Exchange Commission has responded to Elon Musk’s harassment allegations. In a letter it filed on Friday with a New York federal judge, the SEC said its frequent check-ins with Tesla were consistent with expectations from the court overseeing the company’s 2018 settlement.

At the time, Tesla had agreed its lawyers would preclear some of Musk’s tweets after one of his messages drew the attention of the SEC. The specific tweet saw Musk say that he had “funding secured” to take Tesla private at $420 a share. Following an investigation, the SEC alleged the message constituted fraud, with Tesla and Musk eventually agreeing to settle the case for $40 million.

https://www.engadget.com/sec-respond...7.html?src=rss

21st February 2022, 08:34	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,629	SEC responds to Elon Musk harassment allegations The US Securities and Exchange Commission has responded to Elon Musk’s harassment allegations. In a letter it filed on Friday with a New York federal judge, the SEC said its frequent check-ins with Tesla were consistent with expectations from the court overseeing the company’s 2018 settlement. At the time, Tesla had agreed its lawyers would preclear some of Musk’s tweets after one of his messages drew the attention of the SEC. The specific tweet saw Musk say that he had “funding secured” to take Tesla private at $420 a share. Following an investigation, the SEC alleged the message constituted fraud, with Tesla and Musk eventually agreeing to settle the case for $40 million. https://www.engadget.com/sec-respond...7.html?src=rss

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