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Do we get to know the harmed investors who will be compensated with the $40M?
were you out protesting when martha stewart went down?I hope SEC will be so proud with their "achievement" that they will tell who came with the idea of using Tesla as hostage. Would one not love amazing "flexibility" of the american legal system.
Martha actually conducted some trades. Did Elon? Oh, not accused nor convicted of any insider trading?were you out protesting when martha stewart went down?
Martha actually conducted some trades. Did Elon? Oh, not accused nor convicted of any insider trading?
Must have done something wrong, right? Well just give the SEC some money. Is this a $40 million bribe? to keep your job?
yeah, considering how little gain in stock price, I see your point, I think... but when will he actually make cars?Non-related cases.
MS traded a stock (based on insider information) in a third party company. Elon was being charged as the CEO of a company and his impact on all TSLA investors.
Huh?yeah, considering how little gain in stock price, I see your point, I think... but when will he actually make cars?
oh, not about the customers/products? only about stock price and speculative profits? Can't we get our military (only cost a few hundreds of billions) to help spread our fine legal/regulator system around the world? Now that is something to vote for. Right Alice?
All starting to make perfect sense now, I think. I'm late for an important date for tea with a rabbit, later
Putting a finger on the scales for one investment group in preference to another
Did Tesla fail to move forward on going private because:
1) They chose not to.
2) The shareholders voted it down.
3) The being able to fund it was a fraudulent claim of Elon's imagination.
No need for "guessing" - the below paragraph explains what/how the $40 million Fund will be distributed.I'm guessing people with actual (not paper) losses due to trades executed during some time period relative to the tweet/ staying public announcement.
Martha Stewart wasn't a ceo of a public company? She sure was, and had to step down and not be an officer of a public company for 5 years.Huh?
My only point was that it was a private citizen in one case and a company CEO in the other (though I contend it was clearly not CEO Musk working on going private)
No need for "guessing" - the below paragraph explains what/how the $40 million Fund will be distributed.
"The Commission may propose a plan to distribute the Fund subject to the Court’s approval. Such a plan may provide that the Fund shall be distributed pursuant to the Fair Fund provisions of Section 308(a) of the Sarbanes-Oxley Act of 2002, as amended. The Court shall retain jurisdiction over the administration of any distribution of the Fund. If the Commission staff determines that the Fund will not be distributed, the Commission shall send the funds paid pursuant to this Final Judgment to the United States Treasury."
READ the entire SEC document:
UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK UNITED STATES SECURITIES AND EXCHANGE COMMISSION Plaintiff vs. ELON MUSK Defendant
No. 1:18-cv-8865-AJN-GWG
CONSENT MOTION FOR ENTRY OF FINAL JUDGMENT
gov.uscourts.nysd.501755.6.0 | Complaint | Bankruptcy In The United States
================
$40,000,000.00 - anyone going to try and get a part of this Fund?
Losers:
Elon Musk [pays] -$20,000,000.00
Tesla [pays] -$20,000,000.00
And who gains?
Think we shall ever know where the money go?
IF you/anyone finds out, please let TMC readers know. Thanks.
Martha Stewart wasn't a ceo of a public company? She sure was, and had to step down and not be an officer of a public company for 5 years.
Unless something has changed, I believe Elon Musk still is CEO. Thanks for explaining these two events, I had no idea what happened, it is my first day here.The insider trading/ SEC complaint for Stewart was not related to her company. It was a stock she held.
SEC's case against Elon was purely about his actions as CEO and the company he was CEO of.
I didn't look at SEC achievements back then, and I don't know her circumstances. If she got in jail, means DoJ found something. Anyway this "saving the world" BS bring to somebody else and elsewhere, this thread is about SEC vs Musk and this site is about Tesla.were you out protesting when martha stewart went down?