SEC Probing Musk's $TWTR Bid

$TSLA and $TWTR charts at my twitter link.


Washington D.C. looking over Musk’s bid to buy $TWTR more closely as the SEC is investigating whether he broke rules last month when disclosing his large stake in the platform:…

SEC Chair Gary Gensler has been pressing to tighten rules for how investors must disclose they’ve taken a major stake in a company. He’s called for more transparency, and earlier this year proposed cutting the maximum time that an investor has to reveal they’d taken a significant position.

Over the years the SEC has repeatedly sparred with the Tesla Inc. chief executive officer and was already investigating whether he and his brother violated insider trading rules when selling shares in the electric automaker late last year – something Musk has denied. He’s also fighting the regulator in court over fallout from his infamous tweet that he had secured funding to take Tesla private.