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SEC mulls guidance to limit SPACs safe harbor for forward-looking statements
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Wall Street Steps Up Crypto ETF Push as SEC Verdict Unknown
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Tesla Inc Chief Executive Elon Musk has been sued by a shareholder who accused him of violating his 2018 settlement with the U.S. Securities and Exchange Commission over his Twitter use. According to a complaint unsealed late Thursday in Delaware Chancery Court, which also names the electric car company's board as defendants, Musk's "erratic" tweets and the failure of Tesla directors to ensure he complied with the SEC settlement have exposed shareholders to billions of dollars of losses. The complaint highlighted several Musk posts on social media platform Twitter, including his assessment last May 1 that Tesla's stock price was "too high," prompting a more than $13 billion tumble in Tesla's market value.
Mar. 11—If the Mississippi State men's basketball team is to make the NCAA Tournament, the Bulldogs must do what they haven't done since 2009: Beat Kentucky. Mississippi State faces Kentucky in the second round of the SEC men's tournament today at 11 a.m. in Nashville. The winner of the game will advance to play No. 1 seed Alabama on Friday while the loser's season is over. The Bulldogs .
Ripple CEO Brad Garlinghouse tells "Axios on HBO" that if his company loses a lawsuit brought by the SEC, it would put the U.S. cryptocurrency industry at a competitive disadvantage.Why it matters: Garlinghouse's comments may seem self-serving, but his call for clearer crypto rules is consistent with longstanding entreaties from other industry players.Get market news worthy of your time with Axios Markets. Subscribe for free.History: The SEC in December sued Ripple, and Garlinghouse personally, for allegedly selling over $1.3 billion in unregistered securities.Ripple filed its formal response last Thursday. It argues that its cryptocurrency, called XRP, didn't require registration because it's an asset rather than a security.Ripple secured a separate legal victory last Friday, as a Delaware court ruled that U.K.-based Tetragon Financial Group cannot recoup its $175 million investment in Ripple because of the SEC lawsuit.What he's saying: "Many countri
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