August 10, 2022

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Tesla CEO Elon Musk accuses the US Financial Services Authority of harassment

Tesla CEO Elon Musk accuses the US Financial Services Authority of harassment

that it CNBC Which talks about the Tesla game on Thursday.

The Securities and Exchange Commission (SEC) appears to be conducting a violent investigation against Musk and Tesla primarily because Musk is an outspoken critic of US authorities, a court document from Tesla said Thursday.

The message is part of the fallout from Musk’s Twitter message in 2018, which turned into an investigation by the US Financial Services Authority, the SEC, and finally a settlement. The settlement was to limit Musk’s use of social media, which meant, among other things, that Musk’s Twitter messages for the future had to be pre-approved by Tesla’s legal director.

But now Elon Musk and Tesla are unhappy with how close the Securities and Exchange Commission has come to investigate compliance with the settlement agreement.

The Securities and Exchange Commission’s completely exaggerated efforts appear to be calculated to curtail his freedom of speech rather than reasonably enforce existing rules, the letter states.

Twitter controversy

The lawyer also wrote that Musk and Tesla hoped that a settlement with the financial authorities would stop their “harassment” of Musk.

– But the Securities and Exchange Commission has reneged on its promises, as stated in the letter, as the financial authorities allegedly used the settlement agreement with Musk to put a muzzle on him and harass him.

It attracted a lot of attention when in September 2018 the US Stock Exchange and the US Financial Supervisory Authority, the SEC, reached an agreement with Tesla CEO Elon Musk after accusations that via a Twitter message he contributed to the rise in Tesla’s stock price.

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It so happened that Musk announced in a statement in August 2018 that he was considering listing Tesla for $420 a share and that he had financing. It turns out not to vote, and catch come back later on the statement.

It is rare for the US Securities and Exchange Commission to enter into a settlement with an indicted senior manager.

Musk was forced to resign in the settlement The role of the board of directors at TeslaThe board was opened to more outside and independent members, while Tesla and Musk were fined $20 million each. An invoice that Musk chose to pick up for the company.(Conditions)Copyright Dagens Næringsliv AS and/or our suppliers. We would like you to share our cases using a link that leads directly to our pages. All or part of the Content may not be copied or otherwise used with written permission or as permitted by law. For additional terms look here.