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A comment on SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal. Parent comment

Re:SEC Sues Musk and Seeks Ban for His Tweets on Go-Private ... by jonknee on Thursday September 27, 2018 @05:22PM (#18088820)
Why? He's a huge liability to the company every day he remains with this hanging over his head. The SEC directly says he "violated, and unless restrained and enjoined will continue to violate, Section 10(b) of the Exchange Act". Other than a fine, they're pushing for him to be barred from serving as an officer of a public company.
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Re:SEC Sues Musk and Seeks Ban for His Tweets on Go-Private ... by jczhang on Thursday September 27, 2018 @06:26PM (#18089373)
Because this is simply how SEC politics work. It rarely goes that far, and it's like 99% a fine. They don't actually have That much power beyond that.
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Re:SEC Sues Musk and Seeks Ban for His Tweets on Go-Private ... by jonknee on Thursday September 27, 2018 @06:30PM (#18089402)
Well it also rarely goes to filing a lawsuit against the CEO... So I guess who knows, but if I was on the board I'd be reading the D&O insurance policy quite closely.
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Re:SEC Sues Musk and Seeks Ban for His Tweets on Go-Private ... by dayaz36 on Thursday September 27, 2018 @11:19PM (#18090741)
The SEC is not the judge. They can say whatever they want but they have to prove it in court.
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Re:SEC Sues Musk and Seeks Ban for His Tweets on Go-Private ... by kire2345 on Thursday September 27, 2018 @05:58PM (#18089156)
Could Tesla move to another country and get listed there instead, so he could stay CEO?
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Re:SEC Sues Musk and Seeks Ban for His Tweets on Go-Private ... by sokoloff on Thursday September 27, 2018 @10:42PM (#18090587)
Every fund that tracks the Nasdaq 100 (which includes $TSLA) would sell out of $TSLA when it was de-listed from Nasdaq (and therefore form the Nasdaq 100).

There's less financial wreckage created from replacing the CEO, IMO.

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Re:SEC Sues Musk and Seeks Ban for His Tweets on Go-Private ... by jonknee on Thursday September 27, 2018 @06:04PM (#18089205)
Not without facing a huge number of lawsuits. If your business plan requires being led by someone the SEC has banned you need a new business plan.
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Re:SEC Sues Musk and Seeks Ban for His Tweets on Go-Private ... by dabockster on Thursday September 27, 2018 @09:12PM (#18090251)
The only countries I could see Tesla moving to, if this plan is followed, are China, Russia, and North Korea. Obviously lawsuits would be the least of their problems if this occurred.
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Re:SEC Sues Musk and Seeks Ban for His Tweets on Go-Private ... by anticensor on Friday September 28, 2018 @09:17AM (#18093041)
TRNC, San Marino, Svalbard, Transnistria, Monaco too.
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