In a faceoff with Elon Musk, the SEC blinked:
Judge’s remarks in 2019 knocked SEC’s confidence court would back them: Core issue – what is “material” information – was left to Musk and Tesla to decide: As some tweets went unvetted, SEC opted to urge Musk to comply, rather than go to court: SEC was also uneasy about risk of starting litigation given Musk’s … Read more