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Do they? He got financial slap on his wrist, didn’t have to admit to any wrong doing, kept absolute power in the company, ignored any corrective actions of the
by justapassenger 6y ago
Do they? He got financial slap on his wrist, didn’t have to admit to any wrong doing, kept absolute power in the company, ignored any corrective actions of the settlement, and continues to pump stock on weekly basis, to a place that made him one of the richest people in the world. And in the free time he’s pumping other meme investments, just for fun.
SEC vs Musk is perfect example of how powerless/not interested in pumping stock schemes regulators are. Until stock start to go down, then they get more power.
- brigade 6y agoOn the other hand, did Musk ever get in trouble for his “stock price too high” tweet?
- dan-robertson 6y agoCEOs say all the time that the stock is too low (musk was weird for saying high). They can express an opinion. They can’t make a false material statement of fact