Musk says US is demanding he pay penalty over disclosures of his Twitter stock purchases

[Eugene]

Musk says US is demanding he pay penalty over disclosures of his Twitter stock purchases (Associated Press)

DETROIT (AP) — Elon Musk says the Securities and Exchange Commission wants him to pay a penalty or face charges involving what he disclosed — or failed to disclose — about his purchases of Twitter stock before he bought the social media platform in 2022.

In a letter posted by Musk on the platform now called X, his lawyer Alex Spiro tells the outgoing SEC chairman, Gary Gensler, that the commission's demand for a monetary payment is a “misguided scheme” that won't intimidate Musk. The letter also alleges that the commission reopened an investigation this week into Neuralink, Musk's computer-to-human brain interface company.

https://finance.yahoo.com/news/musk-says-us-demanding-pay-170227604.html

[jls4561]

1. His "charity" is also under scrutiny as well.

https://finance.yahoo.com/news/half-elon-musk-charitable-spending-144102083.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAFzO8HrMuaEhcc5XVwAKq3G-JuN3aRVXVlk77NgiYMzcze6Yx8Gp_vBvP0bvTdR5f-S5G8sXlB1Riq-xYp8HvbbO5qlPd6Ak5UR3AEjAuFEU7Bdw_y1Y3SPmqFRHj7D_d8x8LnUkc1ROeniz6UMX5z7bGJHsuM4nEAqP5AZraoOF

Seems he is about as charitable as the Drumph family.

[Celerity]

5. cleaned up link

https://finance.yahoo.com/news/half-elon-musk-charitable-spending-144102083.html

[jls4561]

7. Thanks. It was pretty thorough on the mismanagement, so I copied and pasted.

[bucolic_frolic]

2. I was short TWTR when he disrupted the market. I lost a small bundle.

Put him in jail where he belongs.

[Autumn]

3. Don't worry about it Prez Eloony, your puppet will take care of it. Just hold on till the 21 of Jan.

[LetMyPeopleVote]

4. Musk broke the law by NOT disclosing these purchases

Link to tweet

[Yo_Mama_Been_Loggin]

6. But he's just a poor billonaire