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- 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
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This is not really a great way to do your business.
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There's a reasonable basis for what he said.
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It's the equivalent of having the cop on the street corner.
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