搜索关注在线英语听力室公众号:tingroom,领取免费英语资料大礼包。
(单词翻译)
As Elon Musk1 prepares to take over Twitter, the SEC closely monitors
Elon Musk hasn't hidden his distaste for the Securities and Exchange Commission. The agency he scorns is now scrutinizing3 his bid to buy Twitter.
A MARTINEZ, HOST:
Elon Musk has publicly scorned the federal agency that polices financial markets. Now the Securities and Exchange Commission is scrutinizing his proposed takeover of Twitter. NPR's David Gura Reports.
DAVID GURA, BYLINE4: When Elon Musk started buying up Twitter stock, by law, he was supposed to file a disclosure with the SEC, announcing he owned more than 5% of the company's shares. Musk did submit that paperwork but 11 days late.
JOE GRUNDFEST: As a practical matter, it seems to me that this is about as closest to a slam-dunk case as you're going to find.
GURA: Joe Grundfest, who used to be an SEC commissioner5, says the agency's got grounds to charge Musk with a disclosure violation6. But he's not convinced that would do that much. A disclosure violation usually carries a fine of about a hundred thousand dollars.
GRUNDFEST: To a guy like Elon Musk, that's pocket lint7. That's chump change. It's bupkis.
GURA: The CEO of Tesla is the world's richest man, and his net worth is about $200 billion. Mark Cuban is another billionaire who's tangled8 with the SEC. And Cuban told Yahoo! Finance he doesn't think the agency's penalties are that effective.
(SOUNDBITE OF ARCHIVED RECORDING)
MARK CUBAN: There's no disincentive based off of the findings from the SEC or the rulings that they have or the court rulings they have. It goes into the ether, and nobody remembers it unless you're in the securities industry.
GURA: Former SEC officials wonder if the agency is equipped to police a world that's changed a lot since Congress created the Securities and Exchange Commission almost a century ago to protect investors9 after many Americans lost money during the 1929 stock market crash.
Christine Chung used to work as a lawyer in the SEC's enforcement division, and she compares the SEC to one of the first passenger cars.
CHRISTINE CHUNG: The SEC is sort of driving the Model T when everybody else is out there in their sports cars.
GURA: The SEC was meant to be a powerful organization. It's both a regulator and a law enforcement agency. But in the face of market manipulation and other malfeasance, its options are limited. It can't bring criminal charges, and Chung says it's a debate worth having whether its teeth are sharp enough.
CHUNG: Do we think that the SEC is carrying out its mission in a way that is fair and equitable10, regardless of how wealthy and powerful you are?
GURA: If there's a perception that fines and other penalties don't matter much to the country's rich and powerful or they're not much more than a nuisance, well, that could have far-reaching consequences.
CHUNG: If people feel that markets are rigged or that markets are fundamentally unfair and that your wealth and power can dictate11 what happens to you, they may be less likely to trust what the market is telling us about the value of companies like Twitter.
GURA: The SEC sent a letter to Musk saying it's investigating that late filing, and it has some questions. But even if the agency doesn't bring charges, lawyer Marc Fagel says Musk is pushing boundaries and testing norms. Fagel used to run the SEC's San Francisco regional office, and he points to a recent back-and-forth on Twitter between Musk and Twitter's CEO. What started out as a substantive12 exchange ended with Musk posting a poop emoji.
MARC FAGEL: We have blunt tools in the securities laws that are designed to penalize13 fraud. But if somebody sends a poop emoji and investors decide that they're going to buy or sell stock on it, the securities laws aren't really designed to protect them at that point.
GURA: That tweet with the poop emoji didn't lead to a dramatic move in Twitter's stock price, but plenty of Musk's tweets have. And what he seems to have figured out, Fagel says, is that in this new world, with the social media platform he's trying to buy, you can mess with markets and it doesn't really rise to the level of fraud. Sure, that can hurt investors, but under law, there's not much the SEC can do.
David Gura, NPR News, New York.
1 musk | |
n.麝香, 能发出麝香的各种各样的植物,香猫 | |
参考例句: |
|
|
2 transcript | |
n.抄本,誊本,副本,肄业证书 | |
参考例句: |
|
|
3 scrutinizing | |
v.仔细检查,详审( scrutinize的现在分词 ) | |
参考例句: |
|
|
4 byline | |
n.署名;v.署名 | |
参考例句: |
|
|
5 commissioner | |
n.(政府厅、局、处等部门)专员,长官,委员 | |
参考例句: |
|
|
6 violation | |
n.违反(行为),违背(行为),侵犯 | |
参考例句: |
|
|
7 lint | |
n.线头;绷带用麻布,皮棉 | |
参考例句: |
|
|
8 tangled | |
adj. 纠缠的,紊乱的 动词tangle的过去式和过去分词 | |
参考例句: |
|
|
9 investors | |
n.投资者,出资者( investor的名词复数 ) | |
参考例句: |
|
|
10 equitable | |
adj.公平的;公正的 | |
参考例句: |
|
|
11 dictate | |
v.口授;(使)听写;指令,指示,命令 | |
参考例句: |
|
|
12 substantive | |
adj.表示实在的;本质的、实质性的;独立的;n.实词,实名词;独立存在的实体 | |
参考例句: |
|
|
13 penalize | |
vt.对…处以刑罚,宣告…有罪;处罚 | |
参考例句: |
|
|
本文本内容来源于互联网抓取和网友提交,仅供参考,部分栏目没有内容,如果您有更合适的内容,欢迎 点击提交 分享给大家。