Elon Musk’s Belated Disclosure of Twitter Stake Triggers Regulators’ Probes
WASHINGTON—Federal regulators are investigating
Elon Musk’s
late disclosure last month of his sizable stake in
Twitter Inc.,
TWTR -2.48%
according to people familiar with the matter, a lag that allowed him to buy more stock without alerting other shareholders to his ownership.The Securities and Exchange Commission is probing Mr. Musk’s tardy submission of a public form that investors must file when they buy more than 5% of a company’s…