Breaking News: SEC Puts Elon Musk on the Clock – Settlement or Legal Action in 48 Hours!
The U.S. Securities and Exchange Commission (SEC) has issued an ultimatum to Elon Musk, demanding compliance within 48 hours regarding its ongoing investigation into his acquisition of Twitter shares in 2022. The SEC alleges that Musk delayed disclosing his stake beyond regulatory deadlines, raising transparency concerns. This legal confrontation follows Musk's absence at a scheduled deposition, which the SEC deemed a deliberate evasion. A settlement or potential legal action could have significant implications for Musk’s corporate empire and broader corporate governance standards.