The SEC issued a settlement demand to Elon Musk, alleging potential securities fraud linked to his 2022 purchases and sales of Tesla and Twitter shares. Musk's attorney accused the agency of a six-year campaign of harassment and claimed the SEC pressured Musk to agree to a settlement within forty-eight hours. The probe focuses on Musk’s disclosures during his acquisition of Twitter, now X. A source revealed that the SEC recently sent Elon Musk a settlement offer, allowing more than forty-eight hours to respond. If no agreement is reached, the SEC may issue a Wells Notice before deciding whether to pursue charges.
