Elon Musk and the SEC agree to amend a settlement deal from last October that required oversight of Musk's social media use
Musk and federal regulators on Friday agreed to amend a settlement deal from last October that required oversight of Musk's social media use. The updated deal outlines a slew of topics Musk can only tweet or otherwise make public after he obtains the pre-approval of an"experienced securities lawyer.
Musk initially signaled that he would fight the agency, but weeks later regulators announced that he and Tesla had agreed to settlement deals that saddled them with $40 million in fines and required Musk to step down as the company's chairman. He retained the role of CEO.The deal didn't ease tensions, though. Since then, Musk has openly mocked the SEC, suggested its oversight is"broken" and said he does"not respect"the agency.
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