The US Securities and Exchange Commission is seeking to bar Elon Musk from serving as an executive or director of any publicly traded company.

The action is part of a lawsuit the agency filed against the Tesla CEO, after he tweeted to his 22 million followers that he was poised to take the company private.

 “Musk’s false and misleading public statements and omissions caused significant confusion and disruption in the market for Tesla’s stock and resulting harm to investors,” the SEC said in a complaint filed Thursday in US District Court in New York.

Källa: SEC sues Elon Musk, seeks his removal from Tesla

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