Elon Musk was fined by the SEC for a tweet – so he mocks the SEC in a tweet

Elon Musk has posted a tweet about the “Shortseller Enrichment Commission” doing incredible work.

The tweet ends with “the name change is so on point”, which appears to be a reference to the SEC – mocking the agency.

The SEC – Securities and Exchange Commision – recently spearheaded a lawsuit against Musk for his tweets about taking Tesla public at $420 a share.

Musk was subsequently forced to give up his position as Tesla chairman and pay a $20-million penalty to settle fraud charges.

Neither Tesla nor Musk admitted wrongdoing under the settlement, which was reached two days after the regulator sued, stated Bloomberg.

Now read: Big drop in the rand coming soon – Analyst

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Elon Musk was fined by the SEC for a tweet – so he mocks the SEC in a tweet