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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 Rooster61 on Thursday September 27, 2018 @05:30PM (#18088917)
Ahh, my mistake. I was unaware that the SEC does not have pull over privately held companies, or at least their employees. Still, the wave of litigation headed Musk's way can't help matters. He's going to be very busy.
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Re:SEC Sues Musk and Seeks Ban for His Tweets on Go-Private ... by JumpCrisscross on Thursday September 27, 2018 @05:37PM (#18088992)
> the SEC does not have pull over privately held companies

I'm not sure this is accurate. The SEC could try to bar someone from serving as CEO or a director of any corporation. It's just never attempted that. The SEC regulates everyone who touches securities, and private companies issue securities.

This ban, however, specifically restricts itself to public companies. The issue is therefore moot.

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