SEC asks judge to not let Elon Musk out of 2018 agreement

Elon Musk worried (Credit: Max Whittaker/Getty)

A top SEC regulator pleaded to the court to not let Elon Musk escape an agreement that requires the Tesla CEO’s Twitter account to be monitored.

In a filing in Manhattan federal court, the SEC noted that Musk had not met the “high burden” to set aside the 2018 agreement.

The filing did not leave any doubt as to the position of the SEC on the deal.

“When it comes to civil settlements, a deal is a deal, absent far more compelling circumstances that are here presented…” (via Reuters)

Later in the filing, the SEC also asked US District Judge Alison Nathan to dismiss Musk’s bid to throw out a subpoena requesting records concerning his Twitter poll to sell 10 per cent of his Tesla stock.

Musk has accused the SEC of harassing himself and his companies. He believes the SEC is in a bad-faith effort to punish him for his first amendment rights and speaking out against the government and the SEC.

Neither Tesla nor Musk’s lawyer Alex Spiro commented on the SEC’s filing.

About Scott Nordlund 1248 Articles
Originally from the West Coast, Scott is an avid writer & EV enthusiast now living in Ottawa. He holds a MA in Political Science and once played professional football in the German Football League. Email scott@driveteslacanada.ca