Elon Musk and brother Kimbal face insider trading probe from SEC: report

Elon Musk and brother Kimball face insider trading probe from SEC: report

Elon Musk and his younger brother are being investigated by the Securities and Exchange Commission over whether the siblings violated insider trading laws, the Wall Street Journal reported on Thursday.

The probe reportedly centers on Kimbal Musk’s sale in November of 88,500 Tesla shares — worth $108 million at the time — which allegedly occurred one day before Elon MuskTesla shares plummeted after Elon Musk posted the poll — and the Tesla CEO subsequently sold several billion dollars worth of stock.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

nypost /  🏆 91. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tesla CEO Elon Musk accuses the SEC of ‘leaking’ informationElon Musk accuses the SEC of 'leaking' information from federal investigation
Read more »

SEC Reportedly Probes Tesla CEO Elon Musk and Brother Over Recent Stock SalesThe SEC is probing whether recent stock sales by Tesla CEO Elon Musk and his brother violated insider trading rules, the Wall Street Journal reported Thursday.
Read more »

Elon Musk Posts Hilarious Meme About Web3 and EthereumTesla CEO Elon Musk has called attention to Ethereum co-founder Vitalik Buterin’s eccentric fashion choices with the help of a hilarious meme
Read more »

The ‘Polish Elon Musk’ and a 3D portal to the Metaverse – Cointelegraph MagazineThe Metaverse is a nascent ecosystem allowing anything physical to be mimicked in a virtual environment, including a human body. In such a limitless context, how do we set the boundaries of the permissible? (Via CointelegraphZN)
Read more »

Elon Musk reportedly has a new girlfriend following his breakup with GrimesElon Musk is reportedly in a relationship with Australian actress Natasha Bassett. Musk most recently dated musician Grimes — they share a nearly 2-year-old son.
Read more »

New Elon Musk Tweet Leaves SHIB Army and Huobi PuzzledTesla boss has posted a new tweet that has made prominent SHIB and Huobi accounts wonder what the innovator had in mind when posting it
Read more »