Elon Musk’s Twitter Investment Raises New Regulatory Red Flag

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Elon Musk has set the stage for a new fight with the SEC, this time over how he disclosed his investment in Twitter

Late disclosure of stake could affect Tesla CEO’s continuing legal skirmish with the SEC, lawyers say

Elon Musk opened Giga Berlin-Brandenburg, Tesla’s first European factory, which aims to eventually employ up to 12,000 people and make up to 500,000 vehicles a year. But the electric-car maker’s drive into Europe could be overshadowed by the war in Ukraine and parts shortages. Photo: Christian Marquardt/Pool/ShutterstockElon Musk has set the stage for a new fight with the Securities and Exchange Commission, this time over how he disclosed his investment in Twitter Inc.

 

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Good thing he controls Twitter now?

Fine the shit out of him, he can afford it.

Unbelievable. The SEC allows all the SPAC hype to basically steal money from investors while making grifters into INSTANT millionaires/billionaires but Elon Musk buys a part of an existing company POORLY run and in need of leadership and the SEC has their panties in a bunch. LOL

maybe billionaires should follow the same rules as everyone else?

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