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Won't revisit settlement with Tesla despite Musk's 'mocking' tweet: US SEC

Musk and Tesla settled the charges against them without admitting or denying the SEC's allegations


The US Securities and Exchange Commission chairman said on Monday that the agency would not revisit its securities fraud settlement with Tesla Inc despite Chief Executive Elon Musk's tweet mocking the regulator. Jay Clayton appeared to be unaware of the Oct. 4 tweet describing the SEC as the "Shortseller Enrichment Commission," when CNBC anchors read it to him on Monday. ALSO READ: A Tesla customer mistakenly given access to 1.5 mn forum users' accounts "He said that?" Clayton asked, declining to comment further. "As far as I'm ...

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First Published: Tue, November 27 2018. 20:27 IST