Musk reached a deal with the SEC on April 26, agreeing to submit his public remarks about the company for vetting by its legal counsel.
Tesla CEO Elon Musk waves as he leaves Manhattan Federal Court, in New York, Thursday, April 4, 2019.A US Securities and Exchange commissioner on Tuesday criticized a settlement between the regulator and Tesla CEO Elon Musk over his use of Twitter.
"Given Mr. Musk's conduct, I cannot support a settlement in which he does not admit what is crystal clear to anyone who has followed this bizarre series of events," SEC Commissioner Robert Jackson said in a statement. - A U.S. Securities and Exchange commissioner on Tuesday criticized a settlement between the regulator and Tesla CEO Elon Musk over his use of Twitter.
However, SEC commissioner Robert Jackson registered his dissent after the deal was approved by a federal judge earlier on Tuesday. "Musk breached the agreement he made last year with the Commission - and with American investors," he added.U.S. District Judge Alison Nathan in Manhattan approved the deal worked out on Friday that settled the dispute in which the SEC had sought to find Musk in contempt of a securities fraud settlement last year.
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