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Not at all. In my experience European financial regulators are significantly less likely to tolerate companies trying to argue technicalities as Musk's team ha
by elliekelly 8y ago
Not at all. In my experience European financial regulators are significantly less likely to tolerate companies trying to argue technicalities as Musk's team has done in response to the SEC's show cause order. European regulators expect compliance with the spirit of the law while U.S. regulators tend to expect compliance with the black letter law. Certainly pros & cons to both approaches but Musk's behavior certainly wouldn't fly under either regime.