TeslaAccording to Tuesday’s document, Elon Musk seeks to terminate his Settlement with Securities and Exchange Commission. This required that any tweets containing business information must be reviewed before publication.

Musk’s lawyer requested that the court terminate the agreement or amend it. revised in 2019According to them, it is impossible for the SEC to enforce its rules due its “distorted view of authority”.

According to the report, “Mr. Musk’s expression freedom is more infringed the more that the SEC monitors his tweet activity and forcibly others to do so,”

The consent decreeMusk tweeted his famous “funding secured”, which stated that he had considered taking Tesla private. SEC accused Musk of fraudMusk was accused of making misleading and false statements as well as failing to notify regulators about relevant events. Musk’s wrongdoing was never admitted or denied in the initial settlement. However, it did not indicate innocence.

Musk’s team also wants to stop a 2021 subpoenaThe SEC asked him whether Tesla had given his approval for him to use Twitter to create a poll that he would use to decide whether to sell 10% or not.

Musk’s lawyers referred to the subpoena as “but 1 in a longing parade of inquiries” into Musk and his businesses “without factual foundation.” The lawyers claim that the SEC tried to “tarnish Musk’s and Teslas records” by conducting allegedly “unfounded inquiries.” Musk claims that this pattern proves the SEC was acting in bad faith when it issued the subpoena.

Musk was “forced” into signing the original 2018 agreement by the SEC, the filing states. This is because Musk believed that the SEC’s action would “jeopardize the company’s financing” as well as “protracted litigation” wouldn’t be in the shareholder’s best interest.

A request for comment was not answered by the SEC immediately.

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