SEC Confirms Probe Into Elon Musk’s Disclosure of Twitter Stake

The Securities and Exchange Commission confirmed it is looking into the timing of when Elon Musk notified the market that he had bought 5% of Twitter Inc. stock.

The SEC, in a Friday filing, published a letter sent to Mr. Musk, dated April 4, asking why he did not make the required filing within 10 days of crossing the 5% threshold. Mr. Musk’s holdings topped 5% on March 14, securities filings show, and he announced the size of his stake in a filing April 4, by which time it topped 9%.

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