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Billionaire Elon Musk appears to have revealed that the Securities and Exchange Commission issued him a "settlement demand," sharing the news in a post on his social media platform, X. Musk on ...
The U.S. Securities and Exchange Commission has given Elon Musk until Monday to respond to an offer to resolve a probe into the billionaire's $44-billion takeover of Twitter in 2022, a source ...
The SEC sent him a letter wanting to know why he had not disclosed those purchases within 10 days of crossing the 5% threshold of shares owned, as required by securities law.
The SEC has been investigating whether Musk or anyone else working with him committed securities fraud in 2022 as the Tesla CEO sold shares in his automaker and shored up a stake in Twitter, ahead ...
The investigation, which escalates a long-running feud between the SEC and Musk, concerns whether Musk broke federal securities laws in 2022 when he bought stock in Twitter, which Musk renamed X ...
Twitter's board publicly and unanimously accepted the buyout offer for $44 billion, and Twitter was to become a private company once the transaction was completed sometime in 2022. [ 40 ] [ 41 ] Negotiations with Musk were led by the board's transaction committee, composed of Taylor, Martha Lane Fox , and Patrick Pichette . [ 42 ]
Yahoo Finance legal reporter Alexis Keenan explains the SEC letter sent to Tesla CEO Elon Musk, probing on the original filings for his Twitter deal.
The SEC investigation is into whether Musk violated securities laws during his acquisition of Twitter, now called X. Musk has already given testimony for the SEC's investigation twice.