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Genuinely ignorant here, please explain.
Why are they investigating at all? Didn't Musk basically Finance himself in the Abacus when he bought twitter?
FTA:
Ah, understood. Thank you.
Seems to me the first part of the violation is clear, fine him and be done with it.
Twitter users who think they could have milked him for more...I think they already got a better deal than fair market value.
It gets into stock manipulation, and that’s a bit more of an investigation.
Simply missing a deadline is one thing.
Missing the deadline while buying more because that filing would likely trigger a jump in price… is a different thing.
Can’t wait until he is found guilty and has to pay a $1,000 fine.
can't wait until he gets dinged for not paying it!