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Old 09-29-2018, 09:41 PM   #778
ggies
Sugar Will '04
 
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Join Date: Jun 2005
Location: Dallas, TX
Posts: 8,406
Statement from the head of the SEC.

Quote:
WASHINGTON, Sept 29 (Reuters) - U.S. Securities and Exchange Commission chairman Jay Clayton said in a statement on Saturday that the agency's settlement with carmaker Tesla was in the best interests of the U.S. markets and company shareholders.

Earlier on Saturday, the agency said it had fined Musk and Tesla $20 million each and required Musk to step down as chairman to settle securities fraud charges over Aug. 7 tweets in which Musk said he was taking the company private.

"I...fully support the settlements agreed today and believe that the prompt resolution of this matter...is in the best interests of our markets and our investors, including the shareholders of Tesla," Clayton said. (Reporting by Michelle Price Editing by Alistair Bell)

"is in the best interests of our....shareholders" !?! I'm a shareholder and what you did doesn't benefit me at all. You manipulated the stock price for the people shorting the stock. Fuck you SEC. FUCK YOU.
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