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[return to "Elon Musk sues Sam Altman, Greg Brockman, and OpenAI [pdf]"]
1. helsin+al[view] [source] 2024-03-01 12:52:12
>>modele+(OP)
OpenAi is also being investigated by the SEC. If "Altman hadn’t been consistently candid in his communications with the board" is interpreted as being misleading then that could be interpreted as misleading investors and therefore securities fraud.

https://www.wsj.com/tech/sec-investigating-whether-openai-in...

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2. davedx+7t1[view] [source] 2024-03-01 19:14:56
>>helsin+al
The SEC doesn’t protect investors in private companies. OpenAI isn’t a public company
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3. helsin+KL1[view] [source] 2024-03-01 21:03:16
>>davedx+7t1
The SEC is responsible for anything that issues securities - shares in a private or public company.

https://www.sec.gov/education/capitalraising/building-blocks...

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