SEC denies targeting Elon Musk with ‘endless probes’

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Commission also says staff have not issued any subpoenas in the litigation

The US Securities and Exchange Commission denied it is targeting Tesla CEO Elon Musk with endless probes, as he claimed in a letter to a judge earlier this week.

This month, Tesla disclosed in a regulatory filing that on November 16 the agency sought information about the company’s governance processes and compliance with the settlements. The SEC responded on Friday, with its lawyer Steven Buchholz writing to the judge that the commission’s enforcement staff have sought to discuss any concerns about the settlement with Tesla and Musk’s attorneys.

 

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