SEC Confirms Probe Into Elon Musk’s Disclosure of Twitter Stake

The Securities and Exchange Commission confirmed it’s wanting into the timing of when Elon Musk notified the market that he had purchased 5% of Twitter Inc. inventory.

The SEC, in a Friday submitting, published a letter sent to Mr. Musk, dated April 4, asking why he didn’t make the required submitting inside 10 days of crossing the 5% threshold. Mr. Musk’s holdings topped 5% on March 14, securities filings present, and he introduced the scale of his stake in a submitting April 4, by which period it topped 9%.