FILE PHOTO: Tesla and SpaceX CEO Elon Musk participates in an "informal talk" at the City Summit of the National League of Cities (NLC) 2018 in Los Angeles, California, USA. UU., November 8, 2018. REUTERS / Kyle Grillot / Stock Photo
WASHINGTON (Reuters) – The president of the US Securities and Exchange Commission UU He said Monday that the agency will not re-examine its securities fraud agreement with Tesla Inc (TSLA.O) despite the tweet from CEO Elon Musk mocking the regulator.
Jay Clayton seemed to ignore the October 4 tweet describing the SEC as the "Short Enrichment Commission" when the CNBC anchors read it to him on Monday.
"He said that?" Clayton asked, declining to comment further. "As far as I'm concerned, that matter is resolved."
Tesla and Musk agreed in September to pay $ 20 million each to the SEC after he tricked investors with tweets on August 7 that said he was considering taking Tesla privately.
The agreement requires that it be more restricted on Twitter, prompting speculation that the agency could review the agreement after Musk's Oct. 4 tweet, which occurred hours after a federal judge ordered him and the SEC to justify your agreement. The shares of the electric car maker fell up to 4 percent after that tweet.
"I think it was an appropriate agreement; "One who sent a message to the market, informing CEOs that if they speak, they need to speak accurately," Clayton said.
Report of Katanga Johnson; Edited by Michelle Price and Richard Chang