SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal

Re:SEC Sues Musk and Seeks Ban for His Tweets on Go-Private ... by pvelagal on Thursday September 27, 2018 @09:21PM (#18090287)

SEC suing Elon Musk is , quite frankly one of the most abhorrent actions a US govt agency can ever do against genuine American Entrepreneurship and American innovative spirit. There is not a single human being on the planet who comes close to Elon Musk when it comes to big , bold innovation and tech entrepreneurship who is putting his heart and soul into leading the human race into the future.

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Re:SEC Sues Musk and Seeks Ban for His Tweets on Go-Private ... by ajmurmann on Thursday September 27, 2018 @09:29PM (#18090315)

I love the work that Musk has done. Everyone has to play by the same rules though. We cannot bend the law because someone has otherwise done amazing work.

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Re:SEC Sues Musk and Seeks Ban for His Tweets on Go-Private ... by pvelagal on Thursday September 27, 2018 @09:58PM (#18090404)

So how many financial execs got punished for creating the 2008 financial crisis, the worst in our lifetimes (hopefully) , which brought the world to the brink ? https://thehill.com/blogs/pundits-blog/finance/309544-why-ha...

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Re:SEC Sues Musk and Seeks Ban for His Tweets on Go-Private ... by ajmurmann on Thursday September 27, 2018 @10:58PM (#18090648)

What they did might have been morally appalling, but much harder to pin as breaking a law. What Elon did was a blatant and highly public violation of regulations

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Re:SEC Sues Musk and Seeks Ban for His Tweets on Go-Private ... by manicdee on Friday September 28, 2018 @12:07AM (#18090985)

Obviously Elon’s mistake was not changing the laws to make his crime legal. Cf Goldman Sachs the great vampire squid.

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Re:SEC Sues Musk and Seeks Ban for His Tweets on Go-Private ... by toast0 on Friday September 28, 2018 @12:26PM (#18094652)

Most of the root of the financial crisis was things that weren't illegal.

Poor lending standards and verification practices.

Financial institutions buying and selling complicated derivatives they should have understood but didn't.

Relying on ratings agencies to do a good job, when they didn't.

Relying on insurance that wasn't appropriately priced or capitalized to cover the risk.

There was some outright fraud in loan applications and foreclosures, which was prosecuted when there was sufficient evidence.

All of these stupid decisions and the resulting easy money distorted the housing market, and the results when it fell apart were painful, but bank execs don't have a legal duty to not engage in stupid endaevors or maintain the stability of our markets. On the other hand, officers of a public company do have a legal duty not to knowingly distribute misleading information about their company in order to manipulate the stock price.

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Re:SEC Sues Musk and Seeks Ban for His Tweets on Go-Private ... by EpicEng on Friday September 28, 2018 @09:46AM (#18093275)

Not an apples to apples comparison there, but even if it were; is your argument now that we should let Elon get away with breaking the law because others have gotten away with it in the past and you happen to respect Elon more than those people?

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Re:SEC Sues Musk and Seeks Ban for His Tweets on Go-Private ... by pbhjpbhj on Friday September 28, 2018 @07:32AM (#18092541)

>genuine American Entrepreneurship [...] //

He's African isn't he?

Although why entrepreneurship needs a continental characteristic adding to it I'm not sure.

Perhaps you just meant "against entrepreneurship and innovative spirit in USA"?

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