Elon Musk's Brother Being Investigated For Insider Trading Of Tesla Stock

[Palumboism]

The SEC Is Investigating Elon And Kimbal Musk Over Possible Insider Trading
BY Sebastien Bell

Tesla CEO Elon Musk’s tweets are once again getting him into trouble and this time his brother may have become mixed up in it, too, as the U.S. Securities and Exchange Commission is investigating a trade Kimbal Musk made in 2021 to see if the brothers violated insider trading rules.

The probe revolves around Elon Musk’s tweets in early November that asked if he should sell 10 percent of his stake in Tesla. Specifically, the regulator is interested in what circumstances led Kimbal to sell nearly $109 million in shares just a day before the infamous tweet, reports The Wall Street Journal.

Insider trading laws prohibit employees and board members from trading based on information about the company that is not public. Whether or not Kimbal knew that his brother would be sending out a tweet that would send the value of Tesla tumbling will likely be at the center of this case.

https://www.carscoops.com/2022/02/the-sec-is-investigating-elon-and-kimbal-musk-over-possible-insider-trading/



Elon is very reckless with his tweets for a CEO.  His brother should have been very cautious of these rules.   

[OneMoreRep]

The SEC Is Investigating Elon And Kimbal Musk Over Possible Insider Trading
BY Sebastien Bell

Tesla CEO Elon Musk’s tweets are once again getting him into trouble and this time his brother may have become mixed up in it, too, as the U.S. Securities and Exchange Commission is investigating a trade Kimbal Musk made in 2021 to see if the brothers violated insider trading rules.

The probe revolves around Elon Musk’s tweets in early November that asked if he should sell 10 percent of his stake in Tesla. Specifically, the regulator is interested in what circumstances led Kimbal to sell nearly $109 million in shares just a day before the infamous tweet, reports The Wall Street Journal.

Insider trading laws prohibit employees and board members from trading based on information about the company that is not public. Whether or not Kimbal knew that his brother would be sending out a tweet that would send the value of Tesla tumbling will likely be at the center of this case.

https://www.carscoops.com/2022/02/the-sec-is-investigating-elon-and-kimbal-musk-over-possible-insider-trading/



Elon is very reckless with his tweets for a CEO.  His brother should have been very cautious of these rules.   

I think the SEC is shooting in all directions as they seem to be losing a case against Ripple ($XRP) and Elon Musk has made it clear that HE is now going after the SEC for their corruption. Let's see how well the SEC fends against the richest man on the planet.

"1"

[youandme]

But Congress does it, lol.

Corruption at its finest. Rules for thee but not me Congress.

[Rambone]

But Congress does it, lol.

Corruption at its finest. Rules for thee but not me Congress.

Investigate that kunt Nancy Pelosi and that kunt husband of hers

[That_Dude]

It's like that program "Billions" playing out in the real world

[Palumboism]

Investigate that kunt Nancy Pelosi and that kunt husband of hers

How should we make the payment to you Nancy for your services?  My husband will buy stock in company XYZ then you pump it and he'll sell. 

So much more efficient than buying paintings or books.   

[Gym-Rat]

but not investigating ugly nancy and her gay-ass blind, hubby?

[Hypertrophy]

Politicians insider trade all the time. So where the fuck is the SEC then? Bunch of corrupt bastards at all federal levels.