Musk: SEC Consent Decree An Unconstitutional Prior Restraint Of Speech

Mealey's (September 30, 2022, 1:07 PM EDT) -- NEW YORK — A federal district court erred when it declined to modify a consent decree with the Securities and Exchange Commission enjoining him from violating federal securities law and requiring him to pay a $20 million civil penalty over statements the Tesla CEO made on his Twitter account because the consent decree and a modified judgment were an “unconstitutional prior restraint” of his speech, Musk argues in an appellant brief filed in the Second Circuit U.S. Court of Appeals....