SEC

Elon Musk: Twitter Deal ‘Cannot Move Forward’ Until Company Proves Its Fake ‘Bot’ Account Claims

Tesla CEO Elon Musk continues to stall his acquisition of the social media platform Twitter, claiming that he cannot move forward until the number of bot accounts on the platform is clarified. Musk said in a tweet to the platform that his offer was based on “Twitter’s SEC filings being accurate,” and that he believes the platform could have 20 percent bots “or *much* higher.”

BERLIN, GERMANY DECEMBER 01: SpaceX owner and Tesla CEO Elon Musk arrives on the red carpet for the Axel Springer Award 2020 on December 01, 2020 in Berlin, Germany. (Photo by Hannibal Hanschke-Pool/Getty Images)

Twitter Investors Sue Elon Musk for Allegedly Delaying Disclosure of His Massive Stake in Company

A group of Twitter shareholders is suing Elon Musk for allegedly failing to disclose his significant stake in Twitter in an appropriate timeframe. The class action lawsuit against Musk alleges that he delayed a mandatory SEC filing as a major investor so he could purchase even more shares. The stock jumped 27 percent when Musk eventually did disclose his position, leaving investors who sold shares feeling left out in the cold.

Elon Musk of Tesla confused

Hypemaster Musk Faces Scrutiny: SEC Delivers Another Subpoena to Tesla Over Elon’s Social Media Antics

The SEC has issued yet another subpoena to Tesla in relation to CEO Elon Musk’s tweets. Musk is supposed to have social media posts that have to do with his electric car company reviewed by a “Twitter sitter,” but has drawn fresh regulatory scrutiny over a Twitter poll asking the public if he should sell 10 percent of his stock holdings in the company, a sale that later did occur.

Elon Musk

Coinbase CEO Brian Armstrong Accuses SEC of ‘Sketchy Behavior’

The CEO of cryptocurrency exchange Coinbase, Brian Armstrong, has accused the Securities and Exchange Commission (SEC) of unfairly targeting his platform and selective rule enforcement. Armstrong posted to social media: “They are refusing to offer any opinion in writing to the industry on what should be allowed and why, and instead are engaging in intimidation tactics behind closed doors. If you don’t want this activity, then simply publish your position, in writing, and enforce it evenly across the industry.”

Coinbase CEO Brian Armstrong

SEC Announces No Plans to Regulate Cryptocurrency in 2021

Despite recent saber-rattling on the lack of “robust oversight” over cryptocurrency by Securities and Exchange Commission (SEC) chairman Gary Gensler, the Commission has no plans to regulate cryptocurrency in 2021, according to its recently published rulemaking list.

An image of Bitcoin and US currencies is displayed on a screen as delegates listen to a panel of speakers during the Interpol World Congress in Singapore on July 4, 2017. - The three-day conference on fostering innovation for future security challenges is taking place from July 4 to 6. …

Elon Musk U-Turns on Bitcoin – Again!

Tesla CEO Elon Musk stated on Sunday that the company will resume accepting Bitcoin as payment for its electric cars once it confirms that there is a “reasonable” level of clean energy used by miners.

Elon Musk shrugs

SEC: Tesla Failed to Control Elon Musk’s Social Media Usage

The SEC has reportedly told Tesla that the company violated a court-ordered policy to oversee tweets by CEO Elon Musk. According to a court decision, Musk’s tweets about Tesla were supposed to be approved by a company lawyer, which Musk critics labeled his “Twitter Sitter.”

Elon Musk CEO of Tesla

Robinhood Moves Toward IPO Despite GameStop Controversy

Stock trading app Robinhood has chosen Nasdaq as the exchange for its IPO this year, despite being embroiled in controversy over its treatment of its customers during the Gamestop trading frenzy and previous problems including trading outages.

Robinhood CEO Vladimir Tenev

Gary Gensler Signals Support for New Climate, Diversity, and Political Spending Disclosure Rules

President Joe Biden’s nominee to head the Securities and Exchange Commission indicated Tuesday that he would likely support new rules to force corporations to disclose their political spending activities, disclosure workforce diversity, and tighten disclosures around climate change, policies that would make businesses more susceptible to political pressure from the left.

SEC Nominee Gary Gensler