Musk mocks 'Shortseller Enrichment Commission' after SEC settlement
Musk mocks 'Shortseller Enrichment Commission' after SEC settlement
Elon Musk Twitter swipe at US markets regulator: 'Shortseller Enrichment Commission'
06 October, 2018, 09:56
In a tweet Thursday, Musk congratulated the "Shortseller Enrichment Commission" for its "incredible work", noting its "name change is so on point!"
The fallout of the tweet led to Musk settling fraud charges with the agency last weekend, stepping down as chairman of the Tesla board and he and the company each paying a $20 million fine.
Musk did a deal with the SEC on September 29, consisting of a $20 million fine and a ban precluding him from acting as chairman of Tesla for at least three years.
While things aren't on the up-and-up for eccentric entrepreneur Elon Musk, ousted as Tesla chairman and sued by a United States agency for fraud over scandalous tweets, he's now put Twitter in overdrive with an act certain to invite trouble.
The possibility of Tesla going private caused upheaval not only for shareholders caught unawares but also caused turbulence in the stock market. "There's no real upside".
Although Musk and Tesla represent the first recorded case of a corporate CEO's issuance of false and misleading tweets regarding a proposed transaction, this will not be the last such occurrence. In August, the Tesla executive said, "Am considering taking Tesla private at $420".
Suspect in S.Carolina shooting disbarred lawyer
The shooting in Florence ended in a two-hour standoff in a neighborhood where the shooter took children hostage inside a house. The conditions of the three other Florence officers and three deputies who were wounded were not immediately known.
Man uses meteorite as doorstop, finds out it's worth $100G
She found that it was an iron-nickel meteorite with about 88 per cent iron and 12 per cent nickel, a metal rarely found on Earth. A man has discovered that a rock he's been using as a doorstop for 30 years is a meteorite worth $100,000.
MI man's doorstop rock turns out to be a $100k meteorite
The farmer claimed the rock had fallen in the 1930s and that the new owner could have it since it was "part of the property". The Smithsonian and a mineral museum in ME are considering purchasing the meteorite for display, according to CMU.
Musk "doubled down" on the remark when another user on Twitter commented saying that Musk needs "a social team that can get attention without typos and without enraging the Shortseller Enrichment Committee".
The SEC declined Business Insider's request for comment.
A little more than an hour after his initial tweet about the SEC on Thursday, one follower wrote to Musk that he seemed to be working against Tesla investors.
In addition to Tesla, Musk is also CEO of SpaceX, The Boring Company, and Neuralink. Way the trick works is companies like Blackrock keep up to 50% of short interest revenue, but suffer nearly none of equity decline, as they're just "passive" managers. A federal judge still has to decide whether the penalties levied against the CEO are appropriate.
The 2nd Circuit has jurisdiction over Nathan's court, and Pritchard said the Citigroup decision likely foreshadows approval of Musk's settlement.
"In and of itself it's not an ominous sign", said Jordan Thomas, a partner at Labaton Sucharow and former SEC lawyer. Nathan must approve the settlement's terms. 'This is just a hoop to be jumped through'.
Kohli reached his 24th century in his 123rd innings, while Australia's Bradman took just 66 knocks to achieve the same feat. West Indies then enjoyed their best period, claiming three wickets for 37 runs as India stumbled at 571 for eight.
Some retailers may dislike the big increase in the amount of goods Canadians can bring home from the us without paying duties. Trump acknowledged the relationship did get "a little bit testy" but that the trade deal has smoothed over their differences.
Trevor Sinclair hit out at Juventus after they released a statement in support of Cristiano Ronaldo after he was accused of rape . In a statement to Eurogamer on Thursday, they said they were "closely monitoring" the situation.
Rosmah Mansor , wife of Malaysia's former Prime Minister Najib Razak, arrives in court in Kuala Lumpur, Malaysia on Thursday. She was first summoned by the agency on June 5 and again on September 26, when she was questioned for almost 13 hours.
He was accused of stealing a camera from a woman and of sending threatening text messages to Straight Outta Compton director F. The onetime college football star and "gangsta" rap pioneer eventually lost control of his label in bankruptcy proceedings.
The visitors' bus was pelted with objects en route to the stadium and left unusable for the return journey back to Manchester. Manchester City pair Kevin De Bruyne and Benjamin Mendy both returned to training this week and could feature.
Prior to finding the Goblin , Sheppard and Trujillo had already found 2012 VP113 - the most-distant object to date. In Sheppard's case, an interesting object is one that never gets close to the sun, and has a non-circular orbit.
If the vote fails, it would deal a major blow to the nomination and throw the possibility of confirmation into serious doubt. In a Wall Street Journal op-ed on Thursday, Kavanaugh said he "might have been too emotional at times" in his testimony.
While the clause does not mention China specifically, the provision is being widely seen as an attempt to single out Beijing. Last week at the United Nations Security Council, President Trump said China is interfering in the 2018 midterm elections.
Also, the rupee dropped to its lowest ever level of 73.77 against the dollar, resulting in expensive crude imports. But growing public anger over surging fuel prices has caught the attention of the government.
About 50% (106) of total selfie deaths occurred in 20-29 year age group followed by 36% deaths in 10-19 year age group. The United States reportedly lead the world in people who accidentally shot themselves while posing with guns.
Iraq's Murad and Congolese Mukwege win 2018 Nobel Peace Prize
Murad escaped that same year and became the face of the Yazidi movement and a dedicated campaigner for victims of sexual assault. Surgeon Denis Mukwege treated countless victims of sexual violence in war-torn Congo and told the world of their suffering.
Dodgers ace Clayton Kershaw will not start NLDS opener
Ryu's final regular season game came Friday against the San Francisco Giants and Kershaw followed him the next day. Kershaw started on Saturday, Sept. 29 and will also have five days off before his start against Atlanta on Friday.
Police, AG targeted by Russian hackers
He showed passports identifying the Russians as Alexeksei Morenets, Evgenii Serebriakov, Oleg Sotknikov and Alexey Minin. The GRU, also known as the Main Intelligence Directorate, is the intelligence arm of the Russian military.
Mike Pompeo to meet Kim Jong Un on October 7
During the war, American-led United Nations forces defended the South from the Communist troops of North Korea and China. Pompeo stressed that, in the meantime, worldwide sanctions would have to remain in place on North Korea.
First 'exomoon' may have been found
Jupiter's moons are believed to have formed from a ring of material; but again, none of Jupiter's moons are the size of Neptune . And, based on their earlier data, the researchers would expect the moon to be trailing Kepler-1625b at this point in its orbit.
More Than a Third of American Adults Eat Fast Food Daily
And among high-income families (those with incomes above 350% of the poverty line), 42% dined on fast food on a typical day. About 38 percent of adults aged 40 to 59 ate fast food daily while just 24 percent of those aged 60 and above did the same.
Toyota recalls 2.4 million hybrid cars over stall fault
In the case of Toyota's latest recall, some of the hybrids mentioned have undergone two prior recalls to fix related issues. Auris , Prius and Prius+ hybrid cars with the 1.8-litre engine, built between October 2008 and November 2014, are affected.
University Of Manchester Students' Union Bans Hand Clapping
One tweeter even suggested that jazz hands might not be inclusive to blind people, who would not be able see what was happening. Students will likely no longer clap during student union events at the University of Manchester in Manchester, England.