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>Besides the SEC, which is a criminal investigation I thought SEC only has civil powers. SEC could force Musk out of Tesla but couldn't levy any criminal char

• dunpeal 8y ago
  The investigation is about potential violation of federal securities law, which would be a criminal offense. If there is sufficient evidence of such criminal violation, the SEC will hand it over to the appropriate enforcement agency to prosecute it as a criminal case: > As an adjunct to the SEC's civil enforcement authority, the Division works closely with law enforcement agencies in the U.S. and around the world to bring criminal cases when appropriate. https://www.sec.gov/enforce/how-investigations-work.html https://www.sec.gov/enforce/how-investigations-work.html
  • towelr34dy 8y ago
    Unless of course there would exist a revolving door between SEC and the companies they are supposed to enforce action on. http://www.pogo.org/our-work/reports/sec-revolving-door.html http://www.pogo.org/our-work/reports/sec-revolving-door.html
    • rosser 8y ago
      The revolving door tends to be between the SEC and Wall Street. Tesla is a bit further down the road, as it were.