SEC Demands Settlement from Elon Musk

Elon Musk revealed on social media that the SEC has issued a settlement demand requiring him to agree to a fine related to his 2022 Twitter purchase within 48 hours, or face potential charges. Musk's lawyer, Alex Spiro, alleged that the SEC has engaged in a politically motivated campaign against him, including reopening an investigation into Neuralink. The SEC's inquiry centers on whether Musk failed to disclose his share purchases in a timely manner, which could constitute securities fraud. Musk's ongoing tensions with the SEC date back to previous disputes, including a 2018 fraud charge over a tweet regarding Tesla. He has criticized the agency as a