The Securities and Exchange Commission has accused Elon Musk, Tesla’s chief executive, of committing fraud when he said on Twitter: “Am considering taking Tesla private at $420. Funding secured.”
The S.E.C. says Mr. Musk had not had specific conversations about financing when he made that announcement, and so his tweet amounted to a false public statement with the potential to harm investors.
It is seeking to prevent Mr. Musk from ever serving as an officer or director of a public company again, which is the most serious penalty the regulator can seek. (Criminal charges, if any, would be brought by the Department of Justice in a separate case.
http://newsdeskreport.com/2018/09/s-e-c-goes-after-musk-with-its-ultimate-penalty-heres-who-else-has-been-banned/
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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