The US Securities and Exchange Commission (SEC) tried to let Tesla CEO Ayrron Musk resign from the company personally this summer, but sued Securities fraud. According to a complaint filed in the federal court of the southern District of New York State, the SEC is seeking to prohibit Musk from retaining the position of officers or directors of publicly traded companies. .
Musk initially unveils Tesla Twitter August 7He added "to guarantee financial aid" to make such efforts. In the next tweet, Musk seems to have said that all the necessary to leave the company from the stock market was shareholder approval. Musk said Saudi Arabian sovereign wealth funds raised funds by talking with Tesla, but on August 24 he said that. SEC allocated Tesla to Tesla one week after Musk's original tweet.
In fact, in fact, taking into consideration the potential possibilities of raising funds, I did not mention the important conditions of transactions including prices, "he wrote a prosecutor in lawsuit. Specifically, Musk's "secured financing" tweet is said to be "wrongly misleading". Prosecutors said the remarks after Musk will also lead to misunderstandings and misunderstandings.
"Mr. Musk knew that each of these statements did not know that he was mistaken or misleading because he did not have sufficient grounds for his argument, or was not wise It is written. He knew that he had never discussed $ 420 stock trading on potential sources of funds and he is able to keep Tesla as a private company's fund for all current investors There was nothing to judge. We have not confirmed Tesla's investor's support for the possibility of privatization trading. "
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Elon Musk sued SEC for securities fraud
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