The Supreme Court of the United States rejected, on Monday, the 29th, Elon Musk’s appeal against a settlement with the Securities and Exchange Commission (SEC), which requires him to obtain advance approval for some social media posts related to Tesla, the electric vehicle company of which he is CEO.
The SEC began supervising Musk’s publications on X (formerly Twitter) in 2018, after a series of posts that had a major impact on the company’s shares. This oversight, dubbed the “Twitter Babysitter,” aims to review each post to ensure it does not contain false or misleading information that could affect the market.
Musk, known for defending freedom of expression, challenged this SEC imposition, claiming that it violates his rights under the First Amendment of the US Constitution. However, the Supreme Court chose not to analyze the case, keeping in force the decision of the federal appeals court that had already validated the SEC’s monitoring.
To date, the SEC has investigated only three of Musk’s posts: the statement that he would take Tesla private, false information about the company’s vehicle production and the announcement of the sale of 10% of its shares.
This decision reinforces the importance of transparency and responsibility in the communications of public figures, especially when it comes to information that can impact financial markets.
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