US market authorities have asked billionaire Elon Musk to explain an apparent delay in reporting his Twitter stock buys, the agency revealed Friday, the day lawyers for his former girlfriend Amber Heard and Johnny Depp delivered closing arguments in defamation trial.
The Securities and Exchange Commission (SEC) letter to Musk showed regulators asked him to explain why he didn´t disclose within a required 10-day time period his increased stake in Twitter, especially if he planned to buy the company.
The SEC in the letter to Musk dated April 4, says "Your response should address, among other things, your recent public statements on the Twitter platform regarding Twitter, including statements questioning whether Twitter rigorously adheres to free speech principles."
Meanwhile, a jury has begun deliberations in the defamation case between Depp and his ex-wife Amber Heard following a six-week trial after lawyers for both sides delivered closing arguments on Friday.
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