Elon Musk's lawyer, Alex Spiro, revealed in a letter posted on X that the Securities and Exchange Commission (SEC) is preparing multiple charges against Musk and has reopened an investigation into his neurotechnology company, Neuralink. The letter lacks specifics about the charges or the number of Musk's companies involved. Spiro claims the SEC demanded a settlement within 48 hours, requiring Musk to either pay a monetary penalty or face charges. This development follows Musk's long-standing history with the SEC, marked by previous disputes over his public statements about Tesla and his Twitter takeover.
The Sec urities and Exchange Commission is preparing “numerous counts” against Elon Musk , according to a letter from his lawyer that Musk posted to X. It has also “reopened an investigation into Neuralink.” The letter is short on specifics — such as what the charges may be, and how many Musk companies are affected. Instead, Musk’s lawyer, Alex Spiro, complains that “the Commission Staff issued a settlement demand that required Mr.
Musk reached a settlement with the agency, paying $20 million, stepping down as chair of Tesla’s board and agreeing to a “Twitter sitter,” or a lawyer who’d supervise his tweets. Musk then reneged on the Twitter sitter thing. That particular kerfuffle went all the way to the Supreme Court, which declined to hear the case; Musk was stuck with his Twitter sitter. The letter characterizes this history as “more than six years of harassment.
ELON MUSK SEC NEURALINK TESLA INVESTOR RELATIONS
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