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in Elon MuskElon Musk reportedly in hot water with the SEC again over delay in disclosing Twitter stake
U.S. officials are looking into Elon Musk’s acquisition of the biggest single person holding in Twitter after he neglected to declare the transaction and therefore failed to offer adequate notice that a takeover attempt was imminent. The inquiry, which is still in its early stages, might spark a firestorm between Musk and financial authorities, just […] More
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in Elon MuskTesla stockholders ask judge to silence Elon Musk in ‘Funded’ fraud case
Musk is being sued by Tesla shareholders who claim he tweeted in 2018 about taking the business private, and they are seeking a federal court to restrict him from discussing the issue. Musk’s tweets that he had “funding secured” to take Tesla, private, were false, according to court documents filed by stockholders of the Austin, […] More
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in Elon MuskElon Musk accuses SEC of ‘Leaking’ information from an Investigation
Elon Musk can not seem to stay out of the headlines, and his lawyer recently accused the Securities and Exchange Commission (SEC) of leaking information regarding a federal probe against him. Musk’s attorney Alex Spiro said in a letter to U.S. District Judge Alison Nathan that the SEC was attempting to retaliate against Tesla’s CEO, […] More
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in Elon MuskUS securities agency SEC denies claims of ‘Harassing’ Tesla CEO Elon Musk!
US securities authorities have reacted to accusations that they are harassing Tesla CEO Elon Musk, saying that they are following a judge’s orders in attempting to meet with his attorneys about his tweets about taking the firm private. The judge considering a securities complaint against Mr. Musk invited all parties to communicate before raising problems […] More
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SEC is harassing Elon Musk: Tesla CEO Musk accuses SEC of calculated effort to ‘chill’ his right to free speech
As part of a 2018 deal that resolved civil securities charges against the billionaire, Tesla CEO Elon Musk accused the Securities and Exchange Commission of harassment in a premeditated attempt to “chill” his right to free expression in its control of his contacts with shareholders. Musk and Tesla believed that resolving the charges would cease […] More
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in TESLATesla Reveals It Received a Subpoena from SEC after Elon Musk Tweet!
The US Securities and Exchange Commission has issued a subpoena in response to Elon Musk’s Twitter poll asking whether he should sell a portion of his Tesla stock, the firm said today. The subpoena was issued on November 16, barely ten days after Musk asked his Twitter followers whether they thought he should sell 10% […] More
