{"id":7749,"date":"2022-05-29T12:01:49","date_gmt":"2022-05-29T12:01:49","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/?p=7749"},"modified":"2022-05-29T09:35:28","modified_gmt":"2022-05-29T09:35:28","slug":"u-s-sec-looking-into-musks-twitter-stake-purchase","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/u-s-sec-looking-into-musks-twitter-stake-purchase","title":{"rendered":"U.S. SEC looking into Musk\u2019s Twitter stake purchase"},"content":{"rendered":"

Africa-Press – Botswana. <\/strong><\/span>The U.S. Securities and Exchange Commission (SEC) is looking into Tesla Chief Executive Officer Elon Musk\u2019s disclosure of his stake in Twitter Inc (TWTR.N) in early April, according to a letter the agency sent to him in April.<\/b><\/p>\n

In the letter, now made public by the SEC, the regulator asks Musk why it appears he did not file required paperwork within 10 days of the acquisition, and to provide more information on his public statements on the platform regarding whether Twitter adheres to free speech principles.<\/p>\n

Specifically, the SEC asked Musk to explain why he opted to ultimately file a \u201c13G\u201d disclosure form, which is meant for investors who plan to hold their shares passively instead of a \u201c13D\u201d form, which is for activist investors who intend influence management and policies of the company.<\/p>\n

Spokespeople for the SEC and Musk did not immediately respond to requests for comment.<\/p>\n

Outside experts had previously said Musk\u2019s late filing, and that he may have used improper paperwork, could attract the attention of the SEC, which has sparred with Musk in the past.<\/p>\n

The SEC\u2019s letter is dated the same day Musk disclosed a 9.2% stake in Twitter. The billionaire, who has since offered to the Twitter private for $44 billion, has been sued by investors claiming he manipulated the company\u2019s stock price downward.<\/p>\n

The Tesla Inc (TSLA.O) chief executive officer has landed in trouble with the SEC before, when the agency sued him in 2018 after he tweeted he had \u201cfunding secured\u201d to potentially take the electric car company private at $420 per share. In reality, a buyout was not close.<\/p>\n

For More News And Analysis About Botswana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Botswana. The U.S. Securities and Exchange Commission (SEC) is looking into Tesla Chief Executive Officer Elon Musk\u2019s disclosure of his stake in Twitter Inc (TWTR.N) in early April, according to a letter the agency sent to him in April. In the letter, now made public by the SEC, the regulator asks Musk why […]<\/p>\n","protected":false},"author":84,"featured_media":7748,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,237,234],"class_list":["post-7749","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"\nU.S. SEC looking into Musk\u2019s Twitter stake purchase - Botswana<\/title>\n<meta name=\"description\" content=\"The U.S. Securities and Exchange Commission (SEC) is looking into Tesla Chief Executive Officer Elon Musk\u2019s disclosur ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/u-s-sec-looking-into-musks-twitter-stake-purchase\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U.S. SEC looking into Musk\u2019s Twitter stake purchase\" \/>\n<meta property=\"og:description\" content=\"The U.S. Securities and Exchange Commission (SEC) is looking into Tesla Chief Executive Officer Elon Musk\u2019s disclosur ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/u-s-sec-looking-into-musks-twitter-stake-purchase\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-29T12:01:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/05\/img-62933e497adf0.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/u-s-sec-looking-into-musks-twitter-stake-purchase#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/u-s-sec-looking-into-musks-twitter-stake-purchase\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"U.S. SEC looking into Musk\u2019s Twitter stake purchase\",\"datePublished\":\"2022-05-29T12:01:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/u-s-sec-looking-into-musks-twitter-stake-purchase\"},\"wordCount\":292,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/u-s-sec-looking-into-musks-twitter-stake-purchase#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/05\/img-62933e497adf0.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/u-s-sec-looking-into-musks-twitter-stake-purchase#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/u-s-sec-looking-into-musks-twitter-stake-purchase\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/u-s-sec-looking-into-musks-twitter-stake-purchase\",\"name\":\"U.S. SEC looking into Musk\u2019s Twitter stake purchase - 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