Global Broker Regulation Inquiry App
WikiFX
English
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Elon Musk and the SEC are in a nasty battle over one of Musk's tweets — here's what you need to know about their dispute
Abstract：Elon Musk and the SEC are debating whether one of Musk's tweets violated a settlement they reached in 2018.
Tesla CEO Elon Musk has run into trouble with the Securities and Exchange Commission (SEC) twice in the past year after he tweeted in August that he had lined up a deal to take Tesla private.Musk settled with the agency in September after it alleged that he was not as close to acquiring funding for the deal as he indicated.In February, Musk tweeted a projection about vehicle production that the SEC says violated the terms of their settlement. The agency asked a judge to hold Musk in contempt of the court that approved the settlement.Attorneys for Elon Musk and the SEC will make their case before a judge in New York City on April 4.Tesla CEO Elon Musk has run into trouble with the Securities and Exchange Commission (SEC) twice in the past year after he tweeted in August that he had lined up a deal to take Tesla private.The SEC sued Musk over that tweet, arguing that Musk was not as close to acquiring funding for the deal as he indicated. Musk reached a settlement with the agency that required him to step down as the chairman of Tesla's board of directors for three years, pay a $20 million fine, and receive approval for all future written communications that could be relevant to Tesla shareholders.Read more: Tesla is having another chaotic year — these are the biggest challenges Tesla has faced so far in 2019But Musk was not chastened by the settlement. In the following months, he lashed out at the SEC, saying he did not respect it. And in February, he tweeted a projection about vehicle production that the SEC says violated the terms of their settlement. The agency asked a judge to hold Musk in contempt of the court that approved the settlement.Musk and the SEC have spent the past few weeks debating whether or not Musk's February tweet followed the terms of their settlement. Here's what you need to know about Musk and the SEC's fraught relationship.Got a Tesla tip？ Contact this reporter at mmatousek@businessinsider.com.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Read more
Philippines Digital Fraud Crisis 2025: $8.29B Scam Losses Soar
The Philippines ranks 2nd globally in digital fraud with $8.29B annual losses. Government bans POGO, enacts laws, and fights rising scam calls in 2025.
Original Three days ago
SC Urges Malaysians To Stay Alert As Scam Complaints Double Since 2020
Malaysia’s Securities Commission warns that complaints about unlicensed investment activities have doubled in five years—3,602 cases in 2024 and 2,039 in H1 2025—highlighting increasingly sophisticated scams targeting even professionals and seniors. Schemes often mimic legitimacy, then block withdrawals via “compliance” or “maintenance” excuses. The core defense is pre-investment verification and ongoing risk control.
Original In a week
ECN Forex Trading Account Explained: Unlocking Key Details for a Seamless Trading Experience
Seeking forex trading without any third-party involvement? You have an electronic communication network (ECN) by which you can trade through a computerized system that matches buy and sell orders automatically, eliminating the need for a third party. ECN forex trading especially helps investors across different geographies seeking a secure transaction without a third party. With ECN, investors receive privacy, the luxury of automated investing, and the approach to trade beyond normal market hours.
Original 10-16
Top Forex Regulatory Bodies You Need to Know
Regulation is crucial while trading to protect your funds. Forex regulation exists to supervise brokers and ensure they comply with strict financial standards. Forex regulatory bodies help traders choose reputable brokers and avoid scams. In this article, we will let you know about the top Forex regulatory bodies worldwide to help protect you from any kind of fraud.
Original 10-07
WikiFX Broker
Latest News
Ponzi Scheme Operator Sentenced to 14 Years in Western Australia
WikiFXChicago PMI Beats But Remains In 'Contraction' For Second Straught Year
WikiFXHow to Add and Take Out Money from Amillex Broker: A Complete Guide
WikiFXT4Trade broker Review 2025: Is T4Trade Regulated?
WikiFXFCA warning: These Firms are on the list
WikiFXDon’t Get Scammed: A Roundup of Common Online Fraud Tactics in Forex
WikiFXDubai VARA Warns Against Vesta Investments
WikiFXMH Markets Overview: Fees, Platforms, and Regulation
WikiFXIs MultiBank Group Legit or Scam? A 2025 Regulation Review
WikiFXFirsttrade Review: Traders Raise Ponzi-Style Scam Concerns, Withdrawal Denials & More Issues
WikiFXCurrency Calculator
USD
CNY
Current Rate: 0
Amount
USD
Available
CNY
Calculate