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In a faceoff with Elon Musk, the SEC blinked
- danso 4y agoOne key example at the end: Musk had not sought pre-approval; Tesla's attorneys argued in the emails to the SEC it wasn't necessary. The regulator disagreed. The SEC said in emails it was trying to work out the dispute "in the spirit of the Court's directive" but that Tesla and Musk's attorneys had declined to provide requested documents, or have a "productive dialogue" with SEC staff. In June 2020, the SEC emailed Musk advising him it was the "SEC's position that you violated" the settlement. Instead of returning to court, however, the SEC said: "Going forward, we urge you to comply."
- Bubble_Pop_22 4y agoBillionaires will always get away with anything until the SEC, DOJ and FBI are stuffed with people who genuinely hate them. It's only fair to counterbalance their massive economic power and the ability to buy and corrupt everybody. In order to counterbalance the bias that they can buy with their money there has to be a genuine bias against them among those who hold the levers of power.
- encryptluks2 4y agoI think most judges in America are just inherently just invested into the corporatocracy. Money speaks louder than truth unfortunately.
- dontbenebby 4y agoThe SEC blinked long before that. He's a gang leader at this point.
- SilverBirch 4y ago>Nathan did not conclude whether the tweets were material, or rule on the contempt motion, saying: "My call to action is for everybody to take a deep breath, put your reasonableness pants on, and work this out." Man, imagine being that judge, that judgement really aged well.