SEC sent letter to Musk questioning about Twitter stake and late disclosure
US Securities and Exchange Commission (SEC) on Friday revealed that the agency has started looking into Tesla Inc (NASDAQ: TSLA) CEO Elon Musk’s late disclosure of his stake in Twitter Inc (NYSE: TWTR)
By Arghyadeep Dutta
Published - May 27, 2022, 01:45 PM ET
Last Updated - Feb 29, 2024, 07:31 AM EST
• SEC sent letter to Musk on April 4, same day he disclosed 9.2% stake in Twitter
• Agency asked Musk to explain why he opted to file 13G disclosure form instead of 13D form
The US Securities and Exchange Commission (SEC) on Friday revealed that the agency has started looking into Tesla Inc (NASDAQ: TSLA) CEO Elon Musk’s late disclosure of his stake in Twitter Inc (NYSE: TWTR).
In the letter to Musk dated April 4, the SEC asked why it appears he did not file the required paperwork within ten days of purchasing the shares of the social media company.
