Musk was then hauled up on fraud charges and forced to seek ‘pre-approval’ before ‘publishing tweets that contain or reasonably could contain information material to Tesla and its shareholders’.
”The SEC requests that this court hold Musk in contempt and impose an appropriate remedy to ensure future compliance,’ the regulator added.In a recent legal filing, the SEC was scathing of Musk’s legal defence. The SEC also dismissed Musk’s bid to suggest the pre-approval mechanism infringes the freedom of speech guarantees contained in the First Amendment.
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