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2018-09-27 — cnbc.com
The SEC complaint alleges that Musk issued "false and misleading" statements and failed to properly notify regulators of material company events. The SEC held a press conference Thursday evening regarding the complaint.
Among other remedies, the SEC is seeking to bar Musk from serving as an officer or director of a publicly traded company if found guilty.
...
"Neither celebrity status nor reputation as a technological innovator provide an exemption from the federal securities laws," [the SEC] said.
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