The judge approves the agreement reached between Elon Musk and the SEC on the use of Twitter

A US Securities and Exchange Commissioner Tuesday criticized a settlement between the regulator and Tesla CEO Elon Musk over his use of Twitter.

The head of the electric car manufacturer on Friday reached an agreement with the SEC, agreeing to submit its public statements on the company's finances and other matters to the validation of its legal advice.

However, SEC commissioner Robert Jackson registered his dissent after the deal was approved by a federal judge Tuesday.

"Given Mr. Musk's conduct, I can not support a settlement in which he does not admit what is perfectly clear to anyone who has followed this series of strange events," Jackson said in a statement. a statement.

"Musk violated the agreement it had reached last year with the Commission and with US investors," he added.

US District Judge Alison Nathan in Manhattan has approved the agreement reached on Friday that resolved the dispute in which the SEC tried to find Musk in defiance of a settlement for securities fraud last year. .

Earlier this month, Nathan ordered the parties to agree among themselves.

The new agreement further defines the types of Musk statements that must be reviewed by Tesla's legal counsel prior to publication, such as financial statements, previously undeclared production or delivery numbers, and other matters. .

The regulators claimed that Musk had tweeted in February about Tesla's production figures, which was a violation of the previous regulation, as it had not been verified by the company's lawyers. Musk replied that the tweet was not material.

The SEC sued Musk last year for making fraudulent statements after tweeting on Aug. 7, claiming he had secured "secured financing" for Tesla to be deprived of $ 420 per share.

The parties eventually resolved the problem and the agreement provided that Tesla's lawyers would first approve written submissions, including tweets containing important company information.