The delayed disclosure of Elon Musk's Twitter stake under the inspection of regulators

The delayed disclosure of Elon Musk's Twitter stake under the inspection of regulator

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Elon Musk, the chief executive of SpaceX and Tesla, has been investigated for his tardy

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submission of a public form that investors must file when they buy more than five percent of a company,

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The Wall Street Journal reported Thursday, citing people familiar with the matter.

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Since January, Musk has been buying Twitter shares, and by March 14 he had a five

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percent stake in the microblogging site. As per Securities and Exchange Commission (SEC) guidelines,

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Musk should have notified the regulator after reaching five percent within ten days of securing the stake.

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In fact, he missed the deadline and filed with the SEC only on April 4.

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