Index Option Calls
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Index Option Calls
No Result
View All Result
Home Latest News

Tesla hires SEC lawyer, former fed prosecutor as managing counsel

by
November 23, 2021
in Latest News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

Wall Street pros reveal their top defense stocks — and the same names keep coming up

Fears grow for untold numbers buried by Turkey earthquake

The logo marks the showroom and service center for the US automotive and energy company Tesla in Amsterdam on October 23, 2019.

John Thys | AFP | Getty Images

Tesla has hired David Misler as a new managing counsel, according to his LinkedIn profile. Misler is a former trial attorney for the Securities and Exchange Commission and previously worked for the U.S. Department of Justice.

Tesla has repeatedly had run-ins with the SEC, most notably over statements made by CEO Elon Musk on his Twitter account where he has amassed tens of millions of followers.

In 2018, the SEC charged Musk and Tesla with securities fraud after the CEO tweeted that he was considering taking the company private at $420 per share and had funding secured in 2018. Musk later rescinded that stated plan, and Tesla and Musk settled with the regulators, paying a $20 million fine each, and signing an agreement that required the CEO to temporarily relinquish his role as chairman of the board and to have his tweets reviewed by an attorney before posting.

The original agreement was amended in 2019 when Musk continued tweeting spontaneously. The feds filed a motion to hold him in contempt, and a judge asked both parties to put on their “reasonableness pants,” and clarify what exact types of Musk’s tweets required an attorney’s review.

In June of this year, the Wall Street Journal reported the SEC had subsequently accused Musk of violating the amended agreement with tweets that said Tesla’s stock price was too high, and that discussed solar rooftop production numbers.

Legal transparency site Plainsite also published records in June revealing that the SEC had subpoenaed Elon Musk, his former chief of staff Sam Teller, his personal wealth manager Jared Birchall, his personal office Excession LLC, and the Elon Musk Revocable Trust in an unspecified and perhaps unrelated investigation.

According to Tesla’s most recent quarterly filing, the company regularly responds to requests for “information from regulators and governmental authorities,” including the SEC and DOJ.

Tesla cautioned investors in that filing, “Should the government decide to pursue an enforcement action, there exists the possibility of a material adverse impact on our business, results of operation, prospects, cash flows and financial position.”

In a LinkedIn post announcing his move back to the private sector in late October, Misler wrote:

“Almost nine years ago, I joined the U.S. Attorney’s Office in Washington, D.C. where I took an oath that I would faithfully represent the United States as its counsel. My federal service ended this past Friday after two years in the Securities and Exchange Commission’s trial unit.” He thanked his colleagues and continued, “Today, a new journey begins. I start at Tesla as a managing counsel for litigation where I will support our important mission of accelerating the world’s transition to sustainable energy.”

Misler and Tesla did not immediately respond to requests for comment.

ShareTweetPin

Related Posts

Wall Street pros reveal their top defense stocks — and the same names keep coming up

by
February 8, 2023
0

The war in Ukraine -- now nearing its one-year anniversary -- and the shooting down of an alleged Chinese surveillance...

Fears grow for untold numbers buried by Turkey earthquake

by
February 8, 2023
0

Mesut Hancer holds the hand of his 15-year-old daughter Irmak, who died in the earthquake in Kahramanmaras, close to the...

Goldman Sachs strategist reveals the ‘cheap’ sectors to own right now

by
February 8, 2023
0

Bank stocks are "inexpensive," and commodity companies look "cheap" in this high interest-rate environment, according to Goldman Sachs' Sharon Bell....

Why Biden’s 4% buyback tax could boost stock prices and dividends

by
February 8, 2023
0

The Biden administration’s new stock buyback tax will have little impact on the overall stock market. It might even actually...

Facebook co-founder funds research into cooling the Earth with sunlight reflection

by
February 8, 2023
0

This photograph taken on May 11, 2022 shows Shivaram, a villager walking through the cracked bottom of a dried-out pond...

Next Post

Gas prices near a Thanksgiving record — try these 5 tricks to save as fuel costs surge

Morgan Stanley Pounds the Table on Roblox Stock

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • A Couple Stored IRA Gold at Home. They Owe the IRS More Than $300,000.

    0 shares
    Share 0 Tweet 0
  • A California Couple Spent Eight Years Building Their Dream Retirement Home in Costa Rica

    0 shares
    Share 0 Tweet 0
  • Goldman Sachs says buy these stocks to play Web 3.0 and the metaverse

    0 shares
    Share 0 Tweet 0
  • Goldman Sachs picks new stocks to buy — and says these 5 have over 100% upside

    0 shares
    Share 0 Tweet 0
  • In his final warning, this stock trading wizard — who made big money in bear markets and crashes — called this market a bubble like no other

    0 shares
    Share 0 Tweet 0
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by www.indexoptioncalls.com
No Result
View All Result
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy

All rights reserved by www.indexoptioncalls.com