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SEC says Musk's contempt defense 'borders on the ridiculous'

News

SEC says Musk's contempt defense 'borders on the ridiculous'
News

News

SEC says Musk's contempt defense 'borders on the ridiculous'

2019-03-19 10:02 Last Updated At:10:10

U.S. securities regulators are fighting back against Tesla CEO Elon Musk, arguing that he should be held in contempt for brazenly violating a federal court order.

The Securities and Exchange Commission says in a response to Musk filed Monday night that he didn't get a single tweet approved by a company lawyer, violating terms of the October order that settled fraud allegations.

Agency lawyers wrote that Musk interprets the order as not requiring pre-approval unless he decides the tweets are meaningful to investors. The agency said Musk's argument that tweeting about car production forecasts wasn't material information "borders on the ridiculous."

The settlement stemmed from tweets by Musk in August about having the money to take Tesla private at $420 per share when the funding wasn't secured.

PORT ST. LUCIE, Fla. (AP) — Charlie Woods failed to advance in a U.S. Open local qualifying event Thursday, shooting a 9-over 81 at Legacy Golf & Tennis Club.

The 15-year-old son of Tiger Woods tied for 61st among the 74 players who finished. The top five advanced to regional qualifying.

Woods shot 40 on the front nine, opening bogey-double bogey. He followed a birdie on the par-3 fifth with another double bogey. He shot 41 on the back with three bogeys and a double bogey.

The U.S. Open will be played June 13-16 at Pinehurst No. 2 in North Carolina.

Woods also struggled in February in a pre-qualifier for the PGA Tour's Cognizant Classic, taking a 12 on a hole and shooting a 16-over 86 at Lost Lake Golf Club in Hobe Sound.

Woods has played the 36-hole PNC Championship with his father the last four years in a scramble format.

AP golf: https://apnews.com/hub/golf

FILE - Charlie Woods tees off during the final round of the PNC Championship golf tournament Sunday, Dec. 17, 2023, in Orlando, Fla. Charlie Woods, the 15-year-old son of Tiger Woods, failed to qualify for his first U.S. Open after shooting 9-over 81 on Thursday, April 25, 2024, at Legacy Golf & Tennis Club in Port St. Lucie, Florida.(AP Photo/Kevin Kolczynski, File)

FILE - Charlie Woods tees off during the final round of the PNC Championship golf tournament Sunday, Dec. 17, 2023, in Orlando, Fla. Charlie Woods, the 15-year-old son of Tiger Woods, failed to qualify for his first U.S. Open after shooting 9-over 81 on Thursday, April 25, 2024, at Legacy Golf & Tennis Club in Port St. Lucie, Florida.(AP Photo/Kevin Kolczynski, File)

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