SEC says it is being normal in dealings with Musk

 Houston Chronicle:

US securities agency denies claims it's harassing Elon Musk 
In a letter dated Friday, Steven Buchholz of the Securities and Exchange Commission’s San Francisco Office wrote that the judge handling a securities case against Musk encouraged both sides to confer before raising issues with the court.

 U.S. securities regulators responded to allegations that they are harassing Elon Musk, writing in a letter that they’re following a judge’s instructions in trying to speak with the Tesla CEO’s lawyers about his posts on Twitter.

...

The SEC can sometimes be a plodding agency that moves slowly.  That may explain why they have taken so long to distribute a previous settlement. 

See, also:

SEC Responds To Elon Musk’s Accusation Of ‘Harassment’
...

As The Daily Wire reported on Thursday, Musk’s counsel wrote that Tesla thought settling the charges would conclude the SEC’s “harassment” of Musk, observing that “the SEC has broken its promises” and is now “weaponizing the consent decree by using it to try to muzzle and harass Mr. Musk and Tesla.”

“The SEC seems to be targeting Mr. Musk and Tesla for unrelenting investigation largely because Mr. Musk remains an outspoken critic of the government,” the filing explained. “The SEC’s outsized efforts seem calculated to chill his exercise of First Amendment rights rather than to enforce generally applicable laws in evenhanded fashion.”
...

The SEC has long taken the position that when you are talking about securities there are limits to what you can san and there are also things you must say. 

Comments

Post a Comment

Popular posts from this blog

Should Republicans go ahead and add Supreme Court Justices to head off Democrats

Washington Post: Some Democrats eye adding more justices to the Supreme Court to change its ideological bent The once-remote idea has gained the attention of liberals angered by the GOP push to remake the federal courts. Probably the easy way to defeat this court-packing scheme is for Trump to propose doing the same thing now.  It would lead to Democrat denunciations and claims that it would be wrong, thereby blowing up any attempt by them in the unfortunate event of Democrats winning a presidential election.
Read more

29 % of companies say they are unlikely to keep insurance after Obamacare

Conn Carroll: A new survey of 368 midsize to large companies found that 29% of them are considering terminating their active employee health care plans when Obamacare is full implemented in 2014. Only 71% of employers surveyed said they did not expect to drop their health coverage, while 20% said they did not know and 9% said they were planning to exit. The latest survey, conducted by Towers Watson, echoes an ealier survey by McKinsey & Co. finding that 30% of private-sector employers were planning to drop their employee health insurance coverage by 2014. When the Congressional Budget Office crunched Obamacare's spending numbers, they estimated that only 7% of employees currently covered by employer-sponsored plans would lose their plans. ... This means the cost of the health care fiasco will be hundreds of billions more than estimated by the CBO and Congressional Democrat. It is also clear that Obama's pledge that you could keep your health care plan if you wanted t
Read more