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by dosy
2656 days ago
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Right. Does anyone have any idea why the SEC has such a huge justice-hunger for Musk? Musk definitely gets a lot of government contracts and money, and is very connected to defence, and lobbying. Why is someone that useful / influential becoming a target of such intense focus and interest? Is it a personal grudge at the SEC (why?) or from above? Is it a way to laterally apply pressure on Musk regarding SpaceX? |
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He keeps forcing their hand and putting them in a position where they have to either take enforcement action or give him special treatment they don't give any other public company executives.
This is the law. A CEO cannot say he's secured funding for a buyout if it's not true. A CEO cannot sign an agreement with the SEC then publicly violate it without repercussions.
Potentially market moving tweets get filed all the time. It's not different because it's a Twitter. Here is Dell Technologies filing a few of their deal-related tweets: https://www.sec.gov/Archives/edgar/data/1571996/000119312518...
Carl Icahn literally files single tweets with the SEC. Here are two of his tweets you can find under Apple's SEC filings:
https://www.sec.gov/Archives/edgar/data/320193/0000928464140...
https://www.sec.gov/Archives/edgar/data/320193/0000928464140...