The Securities and Exchange Commission has confirmed it is looking at the timing of Elon Musk Informed the market that he had bought 5% of Twitter Inc. Stores.
The SEC, in Friday’s filing, Published a letter sent to Mr. Moscow, on April 4, asking why it did not make the required filing within 10 days of crossing the 5% threshold. Mr Musk’s holding was above 5% on March 14, securities filings show, and he announced the size of his stake in the April 4 filing, by which time it had risen to above 9%.