Re:Tesla Faces U.S. Criminal Probe Over Musk Statements
by pbreit on Tuesday September 18, 2018 @03:12PM
(#18018237)
How about on Twitter?
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Re:Tesla Faces U.S. Criminal Probe Over Musk Statements
by dforrestwilson on Tuesday September 18, 2018 @04:00PM
(#18018605)
It’s irrelevant where it is said so long as it is said publicly.
Edit: This is the same reason Elon is now being sued for "Twibel". You cannot say state lies publicly without legal repercussions. "Funding secured" is classified as material non-public information.
I used to work in finance and regulatory compliance.
Re:Tesla Faces U.S. Criminal Probe Over Musk Statements
by pbreit on Tuesday September 18, 2018 @04:02PM
(#18018632)
I'm guessing there is a HUGE difference between, say, Twitter, and a regulatory filing.
Re:Tesla Faces U.S. Criminal Probe Over Musk Statements
by collinmanderson on Tuesday September 18, 2018 @04:07PM
(#18018659)
Tesla regulatory filings mention to his twitter account as an official source of news.
Re:Tesla Faces U.S. Criminal Probe Over Musk Statements
by GW150914 on Tuesday September 18, 2018 @04:05PM
(#18018652)
There’s no requirement that he lie that way in a regulatory filing, previous posters are trying to explain to you that it’s enough to make the claim publically. Lying in a filing would be a different crime.
Re:Tesla Faces U.S. Criminal Probe Over Musk Statements
by dforrestwilson on Tuesday September 18, 2018 @04:08PM
(#18018673)
You would be wrong, but the bigger issue will be claims of stock manipulation rather than Reg FD violation.
Re:Tesla Faces U.S. Criminal Probe Over Musk Statements
by dragonwriter on Friday September 21, 2018 @06:13PM
(#18043055)
Either the Twitter account is a financial venue covered by the regulations at issue, or making the announcement there was illegal independent of its truth.
So, either way...