News > Musk’s Twitter stake purchase under scrutinization of U.S. SEC

Musk’s Twitter stake purchase under scrutinization of U.S. SEC

Tech Story | 29/05/2022 07:31 PM | Click to read full article

The Securities and Exchange Commission of the United States has questioned the world’s richest man about the declaration of his stake in Twitter earlier in April this year.

The SEC has asked him why has he used the technique meant for the investors following the buy-and-hold strategy instead of that of an active investor during the disclosure of his stake.