Elon Musk Challenges SEC Over Twitter Stock Disclosure Settlement

Musk faces potential charges after rejecting a settlement offer related to delayed disclosure of Twitter stock purchases and a reopened probe into Neuralink.

The SEC issued Elon Musk a settlement demand to resolve an investigation into his delayed disclosure of Twitter stock purchases in 2022, with a deadline extended to Monday.
Musk's lawyer, Alex Spiro, claims the SEC's actions are part of a politically motivated campaign and has demanded transparency on who directed the investigation.
The SEC is also reportedly reopening an investigation into Neuralink, Musk's brain-chip company, over potential securities fraud allegations related to safety claims.
Musk has a history of legal disputes with the SEC, including a 2018 settlement over misleading Tesla privatization tweets, which required pre-approval of some of his social media posts.
As a close ally of President-elect Donald Trump, Musk's influence in the incoming administration could impact future regulatory actions, including those involving the SEC.