Musk faces SEC settlement demand over X purchase

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Tesla (TSLA) CEO Elon Musk has revealed that the Securities and Exchange Commission (SEC) has issued him a settlement demand. The regulatory agency is investigating whether Musk committed securities fraud during his 2022 buyout of X (formerly Twitter).

Yahoo Finance Senior Columnist Rick Newman breaks down the details, exploring how the upcoming administration might influence the trajectory of this ongoing investigation once Donald Trump takes office.

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This post was written by Angel Smith