Fellow billionaire Mark Cuban, who had his own run in with the SEC, stepped up to defend Musk on Twitter in recent days.
Elon Musk’s “ongoing public belligerence” toward the Securities and Exchange Commission could not only weigh on the stock but also ultimately result in his removal as the boss at Tesla, JPMorgan Chase said in a note on Monday.
The thing is, if @SEC_Enforcement really cared about reducing fraud they would publish bright-line guidelines that any business person could find and understand. Then there would be no excuses. Fraud would be fraud. Instead they create regulations via litigation. https://t.co/mbknxS3aiV Cuban’s contention is that the onus should be on the SEC to be more transparent about the rules and more accessible to those needing clarity.
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