SEC Sues Elon Musk over Securities Violations

#1

Post by coloneltcb » Tue, Jan 14, 2025, 11:28 PM UTC

SEC Sues Elon Musk over Securities Violations
nytimes.com

Re: SEC Sues Elon Musk over Securities Violations

#2

Post by SavageBeast » Tue, Jan 14, 2025, 11:33 PM UTC

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Re: SEC Sues Elon Musk over Securities Violations

#3

Post by zfg » Tue, Jan 14, 2025, 11:55 PM UTC

SavageBeast wrote: post #2

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Re: SEC Sues Elon Musk over Securities Violations

#4

Post by grajaganDev » Wed, Jan 15, 2025, 12:05 AM UTC

This is for covertly buying Twitter shares prior to his offer to acquire.

He failed to disclose his position when he was required to do so. He tried to hide his position to keep others from piggybacking on him.

This is stock market manipulation, (he is a recidivist) which the SEC does not take kindly to.

Re: SEC Sues Elon Musk over Securities Violations

#5

Post by SavageBeast » Wed, Jan 15, 2025, 1:02 AM UTC

zfg wrote: post #3

SavageBeast wrote: post #2

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Re: SEC Sues Elon Musk over Securities Violations

#6

Post by zfg » Wed, Jan 15, 2025, 1:15 AM UTC

SavageBeast wrote: post #5

zfg wrote: post #3

Earlier quoted context omitted.

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> nobody cares about the "insurrection" nonsense.

False. I care.

Re: SEC Sues Elon Musk over Securities Violations

#7

Post by cycrutchfield » Wed, Jan 15, 2025, 2:27 AM UTC

SavageBeast wrote: post #5

zfg wrote: post #3

Earlier quoted context omitted.

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A lot of people voted for Hitler as well, just saying.

Re: SEC Sues Elon Musk over Securities Violations

#8

Post by birdiesanders » Wed, Jan 15, 2025, 4:37 AM UTC

SavageBeast wrote: post #5

zfg wrote: post #3

Earlier quoted context omitted.

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Many people, millions of us, care very deeply about his legacy of shame and regret.

Re: SEC Sues Elon Musk over Securities Violations

#9

Post by rsynnott » Wed, Jan 15, 2025, 10:03 AM UTC

SavageBeast wrote: post #2

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I mean, if Trump were to interfere that would be enormously corrupt and would indeed be Orange Man being Bad, yes. The naughty old grapefruit.

But also, are you just inventing a scenario to pre-emptively be annoyed about?

Re: SEC Sues Elon Musk over Securities Violations

#10

Post by guax » Wed, Jan 15, 2025, 6:03 PM UTC

grajaganDev wrote: post #4

This is for covertly buying Twitter shares prior to his offer to acquire. He failed to disclose his position when he was required to do so. He tried to hide his position to keep others from piggybacking on him. This is stock market manipulation, (he is a recidivist) which the SEC does not take kindly to.

And he will receive the ultimate penalty. A very stern talking to!