Stephen Diamond spoke with MarketWatch about Elon Musk buying Twitter.
…the SEC (Securities and Exchange Commission) “will not and cannot interfere with the merger,” according to Stephen Diamond, associate professor at Santa Clara University School of Law.
“Their only role would be to police the disclosure sent to shareholders by the board and Musk for accuracy and completeness,’ Diamond told MarketWatch. ‘The federal securities laws are disclosure rules, for the most part, not about providing reassurance about substance.”
