New York (CNN) — Elon Musk apparently has one last battle to wage with outgoing Securities and Exchange Commission Chairman Gary Gensler.
Musk disclosed on his social media platform X that the agency is demanding he agree to a fine of an undisclosed amount to settle charges over his initial purchases in 2022 of shares of what was then called Twitter.
Musk posted a letter sent from his attorney Alex Spiro to Gensler in which he said that the agency demanded that Musk agree within 48 hours to pay a fine related to his failure to disclose his initial purchases of shares of Twitter “or face charges on numerous counts.”
“Oh Gary, how could you do this to me?” he mockingly said in the post.
The SEC and Gensler did not immediately reply to a request for comment.
The letter claimed that SEC staff had indicated “this demand was the result of a directive from their …