The letter that Musk posted on X, which appeared to be from his long-time lawyer Alex Spiro, said the commission this week "reopened" a probe into Neuralink. It also said the SEC is preparing to take action against him related to his investment in Twitter Inc. before he bought the platform in 2022.
The regulator has been examining the timing and disclosure of Musk's purchase of Twitter stock before he acquired the company for $44 billion.
The letter said the agency gave Musk a 48-hour deadline to accept a settlement over the probe or face an enforcement action. The SEC declined to comment.
Denne historien er fra December 14, 2024-utgaven av Financial Express Bengaluru.
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Denne historien er fra December 14, 2024-utgaven av Financial Express Bengaluru.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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'Had fun but it's time': Ashwin bows out of internationals with shock retirement call
RASHWIN STOOD in the corridor outside the press conference room after the third Test ended in a draw.
US announces H-1B visa overhaul, Indian techies to benefit
HOW THE MOVE WILL BENEFIT INDIA
Navy boat hits ferry off Mumbai coast, 13 dead
A PRIVATE FERRY, carrying more than 110 passengers to Elephanta Island off Mumbai coast, capsized after a Navy speedboat crashed into it on Wednesday. At least 13 people were killed in the incident, officials said, adding that the rest have been rescued.
Sebi tightens SME IPO rules
SEBI also cleared the review of merchant bankers, custodians, and provisions for high-value debt-listed entities (HVDLE) by increasing the threshold for identification of HVDLE from ₹500 cr to ₹1,000 cr, aligning it with that of large corporates, and introduced a sunset clause governing corporate governance of debt-listed securities.
Trump threatens to impose reciprocal tariffs on India
HE MADE THE remarks while responding to a question on a potential trade agreement with China.
Opposition seeks Shah's resignation
PM defends HM; slams Cong & its 'rotten ecosystem'
Enhancing customer journey in the cloud
ORACLE has created Customer Success Services (CSS) to provide comprehensive support for customers using its cloud tools. The new services are integrated with Oracle's product development teams to help firms maximize the value of their cloud investment. Gary Miller, customer success officer and EVP of Oracle Customer Success Services, speaks to Sudhir Chowdhary on how the initiative helps customers fortify cloud success. Excerpts:
Drones deliver new hope to farmers
Aerial tech enhances farming efficiency, can tackle workforce woes
AI-POWERED GROWTH Moving beyond conventional tech
AI offers a wide range of benefits for SMEs
Board observers in the spotlight
AT PRESENT, RBI DOES NOT SEE ANY MIDDLE GROUND FOR NBFC INVESTORS ACTING AS OBSERVERS
