SEC Slammed Elon Musk For Not Complying With SEC Rules And Tweeting About Company
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When it comes to entrepreneurship, everyone knows who is Elon Musk because he is that tech billionaire who is trying to change the world with his innovative ideas. However, from last few days, Musk has been a target of the Securities And Exchange Commission because of his controversial tweets. In a recent comment given by SEC, they said that Elon Musk has been failing continuously to follow norms of SEC. Musk claimed that he was getting unfair treatment from securities and commission authority because of his tweets.
It seems like SEC doesn’t think that way and it slammed Musk for not following rules even after giving a fair warning. Elon Musk is famous among his fans who crazily follow him on twitter and because of his addiction to tweets he has shared some confidential plus controversial tweets with the general public. According to rules and regulations, no person who works or manages company has any right to share information regarding the company. However, Elon Musk even after giving a fair warning has continuously posted about Tesla’s plans.
SEC on yesterday said that it is stunning to see how Elon Musk is not following their orders even after sending him court orders about his controversial tweets. Earlier Musk shared on Twitter that he is planning to make Tesla private company which caused lots of controversies. After that incident Musk agreed with SEC to not share any controversial data regarding the company. But, still he hasn’t worked on his bad habit, and from last few months, he has been continuously posting about Tesla that too without proper authority. Now it will be interesting to see how Elon Musk is going to react to this statement of SEC.
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