The Securities and Exchange Commission told Tesla last year and in 2019 that CEO Elon Musk had on two occasions violated a court ordered mandate that his tweets be preapproved by company lawyers, the Wall Street Journal reported. The requirement that Musk’s Tweets be approved by lawyers resulted from an SEC lawsui t into 2018 tweets from Musk that he had “secured” funding to take Tesla...
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Why the CFTC’s Binance Lawsuit Is Good News for Coinbase
Privately held crypto exchanges are setting new lows in corporate governance. If you thought the initial bankruptcy filing for Sam Bankman-Fried’s FTX was stunning in what it revealed about how that company was run, check out the Commodity Futures Trading Commissions lawsuit against Binance today. Here’s a business empire controlled by one person, Changpeng Zhao, which has no board of directors...
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