1. A Former SEC Lawyer Says the Agency Shouldn't Have Sued Elon Musk

    A Former SEC Lawyer Says the Agency Shouldn't Have Sued Elon Musk
    • The SEC sued Tesla CEO Elon Musk on Thursday, saying he made "false and misleading" statements in August about possibly taking Tesla private.
    • Former SEC senior counsel Thomas Gorman told Business Insider he disagreed with the agency's decision.
    • While Musk's statements weren't smart from a business perspective, that doesn't necessarily mean he committed fraud, Gorman said...
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    1. This is not really a great way to do your business.
    2. There's a reasonable basis for what he said.
    3. It's the equivalent of having the cop on the street corner.
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