Elon Musk reveals SEC sent him 'settlement demand' after Twitter buyout probe

The Securities and Exchange Commission issued a settlement demand to Elon Musk, pressuring him to agree to a fine within 48 hours or face charges related to purchases, sales, and disclosures of Twitter shares. Musk shared a letter from his attorney, Alex Spiro, on social media, accusing the SEC of harassment and improper motivation. This comes after previous SEC charges against Musk for securities fraud in 2018, which resulted in fines and a temporary relinquishment of his role as Tesla chairman.

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