SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal
Interesting legal point, does Musk have any legal duty to the  Tesla shorts?  If I'm not mistaken they don't officially own the shares they short so I'm thinking not.<p>On the other hand if the "shorts" are actively working against the interests of "long" holders of Tesla stock and Musk works against their interests (but in the interests of shareholders) how can that run afoul of the rules?<p>Not a lawyer so it may not be as black and white as this but I would interested to hear from those that are familiar with legal precedents on this issue.