Investing.com–The Securities and Trade Fee is getting ready extra expenses towards Elon Musk and can be investigating Neuralink, based on a letter from Musk’s lawyer that the Tesla Inc (NASDAQ:) chairman posted on X.
The letter, addressed to SEC Chairman Gary Gensler from Musk’s lawyer Alex Spiro, states that Musk had 48 hours to conform to a financial fee settlement or face ” expenses on quite a few counts.”
The letter doesn’t specify the character of those accusations, however states that the SEC’s requests observe a years-long investigation.
The letter additionally confirmed that the SEC had reopened an investigation into Musk’s neurotechnology firm Neuralink. Stories in 2023 had proven that some lawmakers had requested the SEC to analyze Neuralink over Musk’s claims concerning the safety of its mind chip.
Musk has a protracted historical past with the SEC, having paid the company $20 million in 2018 for his Tweets claiming that Tesla would go non-public and that he had secured the required financing.
Musk is below investigation over his takeover of Twitter, whereas lawmakers had been additionally trying into Tesla’s self-driving claims.
The letter referred to as Musk’s historical past with the company “six years of harassment” by the company. The letter additionally demanded to know who directed the SEC’s actions towards Musk.
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