Elon Musk's SEC Feud Unique, But Not Unprecedented

By Rachel Graf (March 14, 2019, 7:01 PM EDT) -- Few public figures embroiled in U.S. Securities and Exchange Commission disputes have criticized the regulator as sharply as Tesla CEO Elon Musk has, but the tactic is not unprecedented and doesn't necessarily foreshadow an unhappy ending for Musk at the company, attorneys say.

Through tweets and court documents, Musk has referred to the SEC as the "Shortseller Enrichment Commission" for supposedly benefiting investors who bet against his company, and has called the agency's legal arguments against him "unconstitutional."

Like Musk, Dallas Mavericks owner Mark Cuban vigorously defended himself against the regulator's proceedings, which for Cuban involved allegations of insider trading. A...

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