Billionaire Elon Musk has slammed the US markets regulator, the Securities and Exchange Commission (SEC) over probes into Neuralink – a neurotechnology firm owned by the world’s richest man – and the purchase of Twitter shares. His lawyer Alex Spiro has flagged over “six years of harassment” by the Commission and its staff and demanded to know from chief of the SEC, Gary Clenser, who had directed these actions – him or the White House.
“These tactics and misguided scheme will not intimidate us. We reserve all rights,” the lawyer said in a letter to Clenser.
The letter said Musk has been served a settlement demand by the SEC staff, asking him to accept a monetary payment or face charges on numerous counts. It said the demand followed a directive from their superiors and that the charges would be brought imminently unless Musk accepts the demand.
The letter, however, did not mention what the charges may be and how they may impact companies owned by Elon Musk.
“This series of events makes (it) clear that the Commission is not motivated to seek the truth but instead is engaged in an improperly motivated campaign against Mr Musk and the individuals associated with him,” the lawyer said in his letter.
