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The very next paragraph after the one you quoted makes it sound not quite as serious as you think: > SEC probes take months and sometimes years, and can be clo

• dunpeal 8y ago
  The paragraph you quoted applies equally to police investigations. They can also take "months" and don't always lead to prosecution. Would you say that means police investigations are therefore generally "not serious"? The key factor is the strength of the SEC's potential case, and several experts believe it looks strong: > “The release issued earlier Monday clearly raised at least as many questions as it hopes to answer. The probability that there will be an SEC enforcement action is, I think, quite high,” said Joseph Grundfest, a law professor at Stanford University and a former SEC commissioner. > Other experts agreed. John Coffee, a securities and corporate law professor at Columbia University, said the SEC can credibly argue that Mr. Musk’s tweet last week, which caused Tesla’s stock price to jump 11% the day he posted it, didn’t give shareholders the full picture they needed. > “This is a clear statement that he has nothing more than an expression of interest as opposed to a binding commitment,” Mr. Coffee said. “It will tell the SEC that they have a virtually open-and-shut case if they wish to sue.” https://www.wsj.com/articles/musks-tweets-on-tesla-buyout-face-scrutiny-after-saudi-disclosure-1534244400 https://www.wsj.com/articles/musks-tweets-on-tesla-buyout-fa...