SEC says Elon Musk’s Twitter activity should be monitored

(RTTNews) – U.S. securities regulators have asked a federal judge to let Tesla, Inc. (TSLA) CEO Elon Musk’s use of his Twitter handle continue to be monitored. Musk, on the other hand, considers it to be harassment.

The Securities and Exchange Commission said, “As far as civil settlements are concerned, an agreement is an agreement, absent circumstances far more compelling than those presented here.” The watchdog also asked U.S. District Judge Alison Nathan to deny Musk his wish to withdraw a subpoena regarding his Nov. 6 tweet about selling 10% of the company’s stock. The problem stems from Musk threatening investors in 2018 to take the company private, saying he had found investments to pay $420 per share. However, other authorities said the claims were uncertain. Musk also said on Twitter that he wants the SEC to stop interfering with the electric vehicle maker’s disclosure procedures. Regulators believe the 2018 incident was a case of investor fraud, which resulted in Musk being fined $20 million. Since then, the governing body has exchanged blows with the billionaire on several occasions.

The SEC said in the filing, “Musk complains about the SEC’s ‘number of requests’ from 2018 to the present, which he calls harassment. But Musk’s own timeline of alleged requests is both disappointing and reflective. legitimate investigations into further potentially violent conduct by Tesla and Musk.”

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