Judge doesn't like Elon Musk settlement with SEC, but says court can't block it
Judge reluctantly approves $1.5M settlement with SEC over Twitter stock violation. https://arstechnica.com/tech-policy/2026/07/judge-doesnt-like-elon-musk-settlement-with-sec-but-says-court-cant-block-it/?utm_brand=arstechnica&utm_social-type=owned&utm_source=mastodon&utm_medium=social
Comments (2)
@arstechnica we really need to overhaul those laws and fines, so they are actual punishment, rather than just the cost of doing business.
Eat the rich
@arstechnica they plan on using the same tactics they used to avoid tax laws to get out of the rest of the laws as well, I see. Musk replaced himself as the defendant with a legal trust that he is the only trustee of. This way the trust is found guilty if he loses, worst case he dissolves the trust and formed a new one.