The love, hate relationship between Tesla CEO Elon Musk and the SEC reached a new level Monday. The regulator called for Musk to be held in contempt for violating a previous judgment related to his penchant to tweet info that runs afoul of securities rules. The SEC (U.S.Securities and Exchange Commission) filed a contempt order against Musk. It noted specifically that he violated a fraud settlement by tweeting material information without preapproval. The news sent Tesla’s stock spiraling. It was down as much as 5% during extended trading Monday. We Knew It Would Lead To This CCN reported about the
The post Elon Musk in Trouble Again Over Tesla Tweet as SEC Declares War appeared first on CCN
source https://www.ccn.com/elon-musk-sec-tesla-tweet-contempt
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