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UPDATE 5-SEC Seeks Contempt Charge against Tesla?s Musk, Says Tweet Violates Deal

Old Feb 26, 2019 | 09:15 AM
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Default UPDATE 5-SEC Seeks Contempt Charge against Tesla?s Musk, Says Tweet Violates Deal

(Adds Musk’s latest tweet in response to SEC motion in paragraph 8) By Alexandria Sage SAN FRANCISCO, Feb 25 (Reuters) – The U.S. Securities and Exchange Commission (SEC) is pursuing a contempt order against Tesla Inc CEO Elon Musk, saying he violated a fraud settlement by tweeting material information without preapproval, sending the firm’s shares […]

The post UPDATE 5-SEC Seeks Contempt Charge against Tesla’s Musk, Says Tweet Violates Deal appeared first on Motortrend.



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