Something Old, Something New: Securities Enforcement in the Age of Social Media (New York Law Journal)

New York Law Journal: Something Old, Something New: Securities Enforcement in the Age of Social Media. “At a time when breaking norms has become the new normal, the recent battle between Tesla’s charismatic chief executive, Elon Musk, and the Securities and Exchange Commission’s regulatory enforcers captured the attention of the public. Musk’s seemingly deliberate use of Twitter to pick a fight with the SEC, combined with his track record of fostering paradigm shifts in several industries, suggested to securities lawyers and white-collar practitioners that we would soon see something new under the sun. It was not to be. Although Musk himself has earned a reputation for being incredibly innovative, the SEC’s case against him was not. We believe the absence of innovation provides an important opportunity to consider the road not taken, at least not yet.”