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.
Read More: https://www.9news.com.au/world/musk-says-us-is-demanding-he-pay-penalty-over-disclosures-of-his-twitter-stock-purchases/113837b7-cc92-4333-b058-5ab19ee67ca5
