The US Securities and Exchange Commission has said it was 'stunning' that Elon Musk had continued to fire off tweets about Tesla without consulting others at the company, despite having agreed to a court-ordered settlement requiring him to do so
In a filing Monday, the SEC said it was"stunning" that the billionaire business leader had continued to fire off tweets about Tesla without consulting others at the company despite having agreed to a court-ordered settlement requiring him to do so.The filing is the latest salvo in a protracted battle between the SEC and Musk, who has been outspoken in his criticism of the securities regulator.
"The pre-approval requirement was designed to protect against reckless conduct by Musk going forward," the agency said."It is therefore stunning to learn that, at the time of filing of the [contempt] motion, Musk had not sought pre-approval for a single one of the numerous tweets about Tesla he published in the months since the court-ordered pre-approval policy went into effect.
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