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Investing.com– The Securities and Exchange Commission is preparing new charges against Elon Musk and is also investigating Neuralink, according to a letter from Musk’s lawyer that the chairman of Tesla Inc ( NASDAQ: ) posted on Ks.
In a letter sent to SEC Chairman Gary Gensler by Musk’s lawyer, Alex Spiro, it said Musk had 48 hours to accept the monetary settlement, or face “charges on numerous counts.”
The letter did not specify the nature of these allegations, but stated that the SEC’s requests followed a multi-year investigation.
The letter also indicated that the SEC had reopened an investigation into Musk’s neurotechnology venture Neuralink. Reports in 2023 indicated that some lawmakers had asked the SEC to investigate Neuralink over Musk’s claims about the safety of its brain chip.
Musk has a long history with the SEC, paying the agency $20 million in 2018 over his tweets claiming Tesla would go private and securing the necessary funding.
Musk is facing an investigation into his takeover of Twitter, while lawmakers have also been looking into Tesla’s self-driving claims.
The letter characterized Musk’s history with the agency as “six years of harassment” by the agency. The letter also demands to know who directed the SEC’s actions against Musk.
