Can the SEC stand up to the richest man on the planet?
What chance does the SEC have in a fight with the world's richest man? Image Source Elon Musk has hurled insults and belittled the Securities and Exchange Commission and has even expressed complete disdain for Wall Street's top cop. Musk called the SEC " bastards " at a recent conference. He tweeted a vulgar innuendo in 2020. He said, "I do not respect the SEC," in a 2018 interview. And after he amassed a significant stake in Twitter this year, Musk filed required paperwork 11 days late. "You know, Elon Musk is basically saying, 'Come at me. I dare you,'" says Christine Chung, a professor at Albany Law School. She used to be a lawyer in the SEC's Division of Enforcement. Despite the fact that the SEC has taken multiple actions against Musk, including fines of millions of dollars and charges of securities fraud, Musk insists on provoking the agency. After Musk failed to file a mandatory disclosure on time and made comments in the media a...