Elon Musk faced SEC questions over his timing in disclosing Twitter stake

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Elon Musk has faced questions from the US Securities and Exchange Commission about how and when he disclosed his large stake in Twitter last month, prior to agreeing to buy the social media company.

On April 4, the same day that Musk initially revealed he had bought up a more than 9% stake in Twitter and become the company's largest shareholder, the SEC sent him a letter asking why he appeared to have delayed disclosing his stake in an apparent violation of securities law.

Even if the cost for reporting late is a $100,000 fine or a multi-million-dollar fine, why wouldn't he [delay filing]?"The SEC also asked why Musk initially filed a disclosure meant for passive investors that do not plan to exercise their influence to make change at a company. Musk had previously made several comments on Twitter suggesting he felt changes needed to be made to the platform.

 

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I would like to know how much Musk gained because of all the chatter and rumors

It's obvious that the democrats are employing any means possible at their disposal to discredit and destroy Musk.

elonmusk these freaks never let anyone live peacefully. You choose peace and they force you to show your violent side.

Democrats with their Democracy at work 😅😅😅 elonmusk ... he predicted about harassment. Not surprised. POTUS SecBlinken LUnionEuropenne

So much spam about this guy...when did Twitter of old go this far?

The left has started its job of smearing anyone who has different thinking ….

Elon John

See politicians Just go crazy when someone Overtakes any social media platform !!! they want full control over it by any means necessary !! Just like Mark Assberg !

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