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Posts Tagged ‘SEC’

Tesla Has Found a New Chairwoman to Take Elon Musk’s Place

It was in the middle of October that US District Judge Alison Nathan approved a settlement between Tesla CEO Elon Musk and the Securities and Exchange Commission. As part of the terms, Musk may no longer lead the company’s board of directors and was given 45 days to resign as chairman. He also may not…

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MoviePass Parent is Under Investigation for Misleading Investors

The parent company of ticker service MoviePass, Helios and Matheson, is reportedly being investigated for misleading investors. According to a CNBC report, New York Attorney General Barbara Underwood has launched an inquiry to examine the company’s financial disclosures under the Martin Act. The Martin Act is a New York anti-fraud law, which is considered by…

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Tesla CEO Elon Musk Must Resign as Chairman After SEC Sues for Fraud

It was a rough couple of days of trading for Tesla immediately after it was revealed that the Securities and Exchange Commission (SEC) had opened a lawsuit on the company’s CEO Elon Musk. The SEC’s complaint alleged that Musk had issued “false and misleading” statements and failed to properly notify regulators of material company events.…

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Musk Tangos with the SEC, But Production Doing Well

Tesla Model 3

It is almost like Elon Musk is playing chicken with the Securities and Exchange Commission.  After Musk went to Twitter to tell his followers and investors he may take the company private at a share price of $420.  He than followed up his tweet with another stating that funding for taking the company private was…

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Musk Settles with the SEC Over Going Private Tweet

Elon Musk

CEO of Tesla, Elon Musk settled his case with the SEC over the weekend.  It can be said that the best was made of a bad situation, where the SEC originally wanted to remove Musk of his powers at Tesla as well as any future executive positions in a public company. In reaction to the…

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