{"id":1662065,"date":"2022-09-28T09:07:14","date_gmt":"2022-09-28T13:07:14","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1662065"},"modified":"2022-09-28T09:07:46","modified_gmt":"2022-09-28T13:07:46","slug":"elon-musk-seeks-to-end-sec-muzzle-requiring-pre-approval-of-tweets","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/elon-musk-seeks-to-end-sec-muzzle-requiring-pre-approval-of-tweets\/","title":{"rendered":"Elon Musk seeks to end SEC \u2018muzzle\u2019 requiring pre-approval of tweets"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Felon-musk-seeks-to-end-sec-muzzle-requiring-pre-approval-of-tweets%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1662065&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>By Jonathan Stempel<\/p>\n<p>NEW YORK (Reuters) -Elon Musk\u2019s lawyers urged a federal appeals court to throw out a provision in his 2018 consent decree with the U.S. Securities and Exchange Commission (SEC) requiring a Tesla Inc lawyer to vet some of his posts on Twitter.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>In a brief filed late on Tuesday with the 2nd U.S. Circuit Court of Appeals in Manhattan, lawyers for Musk called the pre-approval mandate a \u201cgovernment-imposed muzzle\u201d that inhibited and chilled his lawful speech on a broad range of topics.<\/p>\n<p>They also said the requirement violated the U.S. Constitution, and undermined public policy by running \u201ccontrary to the American principles of free speech and open debate.\u201d<\/p>\n<p>The SEC declined to comment on Wednesday. It is expected to file its own brief with the appeals court.<\/p>\n<p>Musk wants to overturn part of an April 27 decision by U.S. District Judge Lewis Liman that rejected his bid to throw out the consent decree altogether.<\/p>\n<p>Liman said Musk\u2019s arguments amounted to a \u201cbemoaning\u201d of requirements he no longer wanted to adhere to now that \u201chis company has become, in his estimation, all but invincible.\u201d<\/p>\n<p>Musk, 51, is worth $259.8 billion, nearly twice as much as anyone else, Forbes magazine said on Wednesday.<\/p>\n<p>The decree resolved a lawsuit accusing Musk of defrauding investors with a Aug. 7, 2018 tweet that he had \u201cfunding secured\u201d to take his electric car company private, though a buyout was not close. Musk has said the tweet was truthful.<\/p>\n<p>In settling, Musk agreed to let a Tesla lawyer screen tweets that might contain material information about the company.<\/p>\n<p>He and Tesla each also paid $20 million in civil fines, and Musk gave up his role as Tesla chairman.<\/p>\n<p>But the SEC later opened a probe and subpoenaed documents concerning Musk\u2019s and Tesla\u2019s compliance, after Musk asked his followers in a Nov. 6, 2021 tweet whether he should sell 10% of his Tesla stake to cover tax bills on stock options.<\/p>\n<p>In Tuesday\u2019s filing, Musk\u2019s lawyers said it was time to rein in the SEC, which is keeping him under \u201cconstant threat\u201d it might reject his view of which disclosures require pre-approval.<\/p>\n<p>\u201cUnder the shadow of the consent decree, the SEC has increasingly surveilled, policed, and attempted to curb Mr. Musk\u2019s protected speech that does not touch upon the federal securities laws,\u201d the lawyers wrote. \u201cAny objective served by the pre-approval provision has been served.\u201d<\/p>\n<p>Musk is separately trying to abandon his April agreement to buy Twitter for $44 billion, saying the company misled him by downplaying the number of fake accounts.<\/p>\n<p>Twitter has sued Musk to force him to complete the merger at the agreed-upon price, which is 23% higher than where its shares closed on Tuesday. An Oct. 17 nonjury trial is scheduled in Delaware Chancery Court.<\/p>\n<p>The case is Musk v SEC, 2nd U.S. Circuit Court of Appeals, No. 22-1291.<\/p>\n<p> (Reporting by Jonathan Stempel in New York; Editing by Clarence Fernandez, Christopher Cushing and Nick Zieminski)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/business\/elon-musk-seeks-to\/attachment\/file-photo-illustration-shows-elon-musks-twitter-profile-on-smartphone-2\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/09\/tagreuters.com2022binary_LYNXMPEI8R04U-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI8R04U-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Jonathan Stempel NEW YORK (Reuters) -Elon Musk\u2019s lawyers urged a federal appeals court to throw out a provision in his 2018 consent decree with the U.S. Securities and Exchange<\/p>\n","protected":false},"author":66,"featured_media":1889300,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1662065","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_finder_url":"https:\/\/www.oann.com\/business\/elon-musk-seeks-to\/?utm_source=rss&utm_medium=rss&utm_campaign=elon-musk-seeks-to","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1662065","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1662065"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1662065\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1889300"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1662065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1662065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1662065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}