Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.


Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

Musk mocks SEC on Twitter

Joe Mont | October 5, 2018

Well, that didn’t last long. 

Within days of reaching a settlement with the Securities and Exchange Commission over what it says was “false and misleading” information delivered to investors via Twitter, Tesla founder Elon Musk was back online and taunting the regulator.

Directly quoted (errors and all), he tweeted: “Just want to that the Shortseller Enrichment Commission is doing incredible work. And the name change is so on point!” The tweet is time-stamped at 4:16 p.m. on Oct. 4.

That comes following an earlier tweet that was nothing more than a link to a music video for one-hit-wonder rappers Naughty By Nature. Read into it what you will.

There is, of course, no rule or law against venting about the Commission (ask Mark Cuban about that from his successful defense of insider trading charges). What should raise an eyebrow, however, is how...

Buy this article for $49, or subscribe to Compliance Week for a month at $149 and get unlimited article access for 30 days.