RE:misleading? The SEC is a national body in the states and are not afraid to act....Canada? It's provincial bodies. The largest of the provincial regulators is the Ontario Securities Commission. Other significant provincial regulators are the British Columbia Securities Commission, the Alberta Securities Commission and the Autorit des marchs financiers (Qubec).
They depend on IIROC and who the heck ever seen them do anything for the retail guys like us?
This is what SEC had to say to Musk (Tesla CEO)
The SEC complaint alleges that Musk issued “false and misleading” statements and failed to properly notify regulators of material company events. The SEC held a press conference Thursday evening regarding the complaint.
Among other remedies, the SEC is seeking to bar Musk from serving as an officer or director of a publicly traded company if found guilty.
“A chairman and CEO of a public company has important responsibilities to shareholders,” Stephanie Avakian, co-director of the SEC’s division of enforcement, said during the press conference. “Those responsibilities include the need to be scrupulous and careful about the truth and accuracy of statements made to the investing public, whether those statements are made in traditional forms such as a press release or an earnings call or through less formal methods such as Twitter or other social media.”
“Neither celebrity status nor reputation as a technological innovator provide an exemption from the federal securities laws,” she said.
It's about time we get some investigation and action in this country instead of being ignored by the powers that be, MHO.