
Regulators are once again scrutinizing Elon Musk, this time over his acquisition of Twitter. The SEC is reportedly investigating Musk for potentially breaking disclosure rules related to his purchase of Twitter stock. Specifically, the investigation focuses on whether Musk failed to disclose his ownership of more than 5% of Twitter's shares in a timely manner. This follows previous accusations of fraud against Musk over a buyout that did not materialize. The late disclosure of Twitter stock purchases is reportedly on the radar of the SEC, according to SA. The outcome of this investigation could have implications for Tesla as well.
How The SEC's Latest Elon Musk Investigation Could Hit Tesla https://t.co/SYru5nNoii
Elon Musk's late disclosure of Twitter stock purchases are reportedly on the radar of the SEC - SA https://t.co/BAspfw5QHh
Hey @elonmusk... is it true that the @SECGov is investigating you for potentially breaking the disclosure rules associated with your purchase of twitter (i.e., the rule that required you to reveal ownership of the stock once it passed 5% of Twitter's shares)? Could this push you… https://t.co/5wU2U5UYzZ
