U.S. Supreme Court,
Securities
May 3, 2022
More entrepreneurs join fight against SEC ‘no deny’ policy
They argue the rule that gags companies that reach settlements with the agency violates the First Amendment and denies investors valuable information.
Tesla Inc. CEO Elon Musk and other entrepreneurs have joined a host of conservative legal scholars to ask the U.S. Supreme Court to overturn the U.S. Securities and Exchange Commission’s 50-year-old “no-deny” policy.
Musk, who settled an SEC complaint against him and gave up his position as chairman of Tesla’s board of directors in 2018, is the most high-profile critic of the agency’s policy.
Alex Spiro, a Quinn ...
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