In a series of deleted tweets from the morning of March 14th, Elon Musk stated that he will not be selling his shares of Bitcoin, Ethereum, or Dogecoin despite the drastic plummet of the crypto market.
Nonetheless, Musk’s tweets sparked a 10% increase in Dogecoin but quickly dropped just hours after its peak.
It is ironic that Musk would publish tweets regarding his shareholder positions at a time when he is currently under investigation by the SEC for that exact reason. See Christopher Warren, Managing Partner at Warren Law Groups’ recent blog post for further analysis.
If you are under investigation by the SEC, FINRA, or any other government regulator for violating Federal or State law, you should seek an experienced attorney to help protect your business and reputation. Contact the attorneys at Warren Law Group at (866) WLGROUP or email firstname.lastname@example.org to schedule your complimentary consultation.