U.S. Judge Approves Tesla Settlement with SEC

Discussion in 'HardForum Tech News' started by cageymaru, Oct 16, 2018.

  1. cageymaru

    cageymaru [H]ard|News

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    A U.S. judge approved the settlement between Elon Musk, Tesla and the SEC. The settlement means that Elon Musk will lose his position as chairman at the electric car company for 3 years. He has to pay a $20 million fine and has agreed to have his communications controlled by a board committee. Tesla has to hire an independent chairman, two independent directors and pay a $20 million fine.

    "Just want to [sic] that the Shortseller Enrichment Commission is doing incredible work," Musk, a frequent critic of investors betting against the company, wrote. "And the name change is so on point!"
     
  2. Jim Kim

    Jim Kim 2[H]4U

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    Elon will now have the cleanest pockets and couch in town now that the SEC has taken his loose change.
     
    travisty and Madoc like this.
  3. bobdabilder

    bobdabilder Limp Gawd

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    In before someone tries to defend his antics.