{"id":5835,"date":"2022-05-27T18:36:19","date_gmt":"2022-05-27T16:36:19","guid":{"rendered":"http:\/\/costops.com\/index.php\/2022\/05\/27\/sec-publishes-letter-asking-elon-musk-to-explain-late-twitter-filing\/"},"modified":"2022-05-27T18:36:19","modified_gmt":"2022-05-27T16:36:19","slug":"sec-publishes-letter-asking-elon-musk-to-explain-late-twitter-filing","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2022\/05\/27\/sec-publishes-letter-asking-elon-musk-to-explain-late-twitter-filing\/","title":{"rendered":"SEC publishes letter asking Elon Musk to explain late Twitter filing"},"content":{"rendered":"<p>US financial watchdog asked Musk 10 days before he announced his takeover bid why he had not disclosed his stake sooner<\/p>\n<p>The US financial watchdog has contacted Elon Musk about the disclosure of <a href=\"https:\/\/www.theguardian.com\/technology\/2022\/apr\/04\/elon-musk-buys-stake-twitter-share-tesla-spacex\">his stake in Twitter<\/a>, asking the Tesla chief executive why he appeared to file a crucial form late.<\/p>\n<p>The <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1418091\/000000000022003713\/filename1.pdf\">Securities and Exchange Commission published a letter<\/a> sent to the world\u2019s richest man in which it asks a series of questions about how he declared his acquisition of a 9.2% stake on 4 April. The move prompted a flurry of corporate activity that led to Twitter accepting a $44bn (\u00a335bn) takeover bid from Musk on 25 April \u2013 although he has <a href=\"https:\/\/www.theguardian.com\/technology\/2022\/may\/13\/twitter-takeover-temporarily-hold-elon-musk\">since announced that the deal is \u201con hold\u201d<\/a> while he seeks more information about the proportion of fake accounts on Twitter.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/technology\/2022\/may\/27\/elon-musk-sec-letter-late-twitter-stake-filing-takeover\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/663b49550194aa913718c4a68a03eb93b06e6e7e\/0_182_4500_2700\/master\/4500.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=2b9065575c2314c94991e62c6096e718\" title=\"SEC publishes letter asking Elon Musk to explain late Twitter filing\" \/>US financial watchdog asked Musk 10 days before he announced his takeover bid why he had not disclosed his stake sooner<br \/>\nThe US financial watchdog has contacted Elon Musk about the disclosure of his stake in Twitter, asking the Tesla chief executive why he appeared to file a crucial form late.<br \/>\nThe Securities and Exchange Commission published a letter sent to the world\u2019s richest man in which it asks a series of questions about how he declared his acquisition of a 9.2% stake on 4 April. The move prompted a flurry of corporate activity that led to Twitter accepting a $44bn (\u00a335bn) takeover bid from Musk on 25 April \u2013 although he has since announced that the deal is \u201con hold\u201d while he seeks more information about the proportion of fake accounts on Twitter. Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>US financial watchdog asked Musk 10 days before he announced his takeover bid why he had not disclosed his stake sooner The US financial watchdog has contacted Elon Musk about the disclosure of his stake in Twitter, asking the Tesla chief executive why he appeared to file a crucial form late. The Securities and Exchange &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2022\/05\/27\/sec-publishes-letter-asking-elon-musk-to-explain-late-twitter-filing\/\"> <span class=\"screen-reader-text\">SEC publishes letter asking Elon Musk to explain late Twitter filing<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":5836,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/5835"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=5835"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/5835\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/5836"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=5835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=5835"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=5835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}