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Musk's Settlement Blasted by SEC's Jackson for Being Too Weak

  • Tesla CEO should’ve admitted he breached earlier deal: Jackson
  • Federal judge has approved revised deal between SEC and Musk
Elon Musk

Elon Musk

Photographer: Natan Dvir/Bloomberg

Elon Musk got off easy in his revised settlement with the U.S. Securities and Exchange Commission, one of the regulator’s top officials said late Tuesday.

SEC Commissioner Robert Jackson, who holds a Democratic seat at the agency, said that a fresh deal struck last week with the Tesla Inc. chief executive officer failed to sufficiently punish him for not adhering to restrictions on his social media use. While the April 27 accord added specific topics that Musk can’t tweet about without advance approval, his role running Tesla wasn’t affected and he avoided additional fines.