SEC reportedly probes Tesla CEO Elon Musk and brother over recent stock sales
The Securities and Exchange Commission is investigating whether recent stock sales by Tesla CEO Elon Musk and his brother Kimbal Musk violated insider trading rules, the Wall Street Journal reported Thursday, citing people familiar with the matter.
The probe began last year and centers on stock sales made by Musk and his brother last November, according to the Journal. At the time, Musk unloaded nearly $5 billion of Tesla stock.
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