A Former SEC Lawyer Says the Agency Shouldn't Have Sued Elon Musk - Business Insider -BoardProspects

A Former SEC Lawyer Says the Agency Shouldn't Have Sued Elon Musk

Business Insider Sep 28 2018 BoardNews
- The SEC sued Tesla CEO Elon Musk on Thursday, saying he made "false and misleading" statements in August about possibly taking Tesla private.
- Former SEC senior counsel Thomas Gorman told Business Insider he disagreed with the agency's decision.
- While Musk's statements weren't smart from a business perspective, that doesn't necessarily mean he committed fraud, Gorman said...
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Quotes
1. This is not really a great way to do your business.
2. There's a reasonable basis for what he said.
3. It's the equivalent of having the cop on the street corner.
Topics Mentioned
- CEO
- Tesla
- Elon Musk
- SEC
- Twitter
- Investment
- lawsuit
- Fraud
Authors
- Mark Matousek
- Matousekmark