Elon Musk loses bid to modify, throw out agreement with SEC over tweets

NEW YORK (Reuters) – A federal appeals court on Monday rejected Elon Musk’s bid to modify or end his 2018 agreement with the U.S. Securities and Exchange Commission that required him to obtain prior approval from a Tesla (NASDAQ:) Inc lawyer for some of his tweets.

The 2nd U.S. Circuit Court of Appeals in Manhattan rejected Musk’s claim that the SEC has used his consent decree to conduct bad-faith, harassing investigations of his protected speech, and that the regulator’s enforcement methods have made it substantially more onerous for him to comply.