The us court approved a settlement agreement between securities Commission and the company Tesla Inc. in which Elon Musk will not be able to take the post of Chairman of the Board of Directors for three years.
This was reported by CNBC.
Also, Musk will pay $ 20 million fine, due to the agreement.
The Commission on securities and exchange Commission filed a case against Elon musk associated with the securities market. A key claim of the Department is Elon musk on Twitter August 7, where he expressed readiness to buy shares of Tesla Inc. from the market at a price of $ 420 per share.
The Commission believes that such conduct and the statement, the Mask became the reason of failures on the exchange and, as a result, caused damage to investors.
Watch the video: the Court approved a settlement agreement between securities Commission and the company Tesla Inc.