Musk faces SEC settlement demand over X purchase

Date:

Tesla (TSLA) CEO Elon Musk has revealed that the Securities and Exchange Commission (SEC) has issued him a settlement demand. The regulatory agency is investigating whether Musk committed securities fraud during his 2022 buyout of X (formerly Twitter).

Yahoo Finance Senior Columnist Rick Newman breaks down the details, exploring how the upcoming administration might influence the trajectory of this ongoing investigation once Donald Trump takes office.

To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.

This post was written by Angel Smith

Share post:

Popular

More like this
Related

Report – Italy Superstar Didn’t Train With Rest Of Inter Milan Squad – Medical Examinations Tomorrow

Inter Milan midfielder Nicolo Barella trained separately from the...

Former Liberty QB Kaidon Salter commits to Colorado for final season of eligibility

Colorado has added a top QB through the transfer...

Schröder would end NBA career with Warriors if opportunity arises

Schröder would end NBA career with Warriors if opportunity...

Liverpool monitoring Bologna’s Sam Beukema

Serie A side Bologna have seen Sam Beukema impress...