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One 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. T
by danso 4y ago
One 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."