The GuardianThe Guardian

Elon Musk under scrutiny once more over Twitter deal

By Dan Milmo

14 Jul 2022 · 2 min read

Editor's Note

The issue is corporate transparency. Twitter can't make information about bots public—but Musk could well be haggling.

The US financial watchdog has stepped up the pressure on Elon Musk over his attempt to buy Twitter by asking further questions about his filings during the process.

The Securities and Exchange Commission (SEC) asked Musk why he did not amend a filing related to the deal in a letter sent last month, according to correspondence disclosed by lawyers representing the Tesla CEO on Thursday. The disclosure by Musk’s lawyers also reveals that the SEC has asked the entrepreneur to file any material aimed at influencing shareholders properly, after pointing out an issue with one such filing.

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