— Elon Musk (@elonmusk) May 17, 2022Despite speculation by some users on Twitter that Musk is running afoul of Securities and Exchange Commission rules by tweeting about the deal, securities experts said he was within his rights to raise the bot question publicly. Frenkel said the SEC might take an interest if it were determined that Musk’s assertions about bots were knowingly false. Musk also indicated he believes the SEC should investigate the accuracy of Twitter’s filings about bot accounts. The issue of bots — accounts that often peddle cryptocurrency scams or other schemes — prompted Musk to declare the deal on hold last week. Musk said at Monday’s conference that he thought the proportion of bots is higher than what Twitter has announced.

Source: Washington Post May 17, 2022 20:34 UTC