How is that under the SECs purview?
They have to have truthful filings with the SEC that regulates them. Twitter has committed fraud and the Sec can prosecute.
This is from the SEC website:
“We continue to innovate in response to evolving markets and inspire the full confidence of the investing public and market participants alike.
And we continue to focus on the interests of long-term Main Street investors who are entrusting their hard-earned savings to our securities markets to fund home purchases, college educations, and other important life events.”
I’d say, off hand, that Musk is an investor with an accepted offer on the table asking for proof of Twitters actual customer-use base against a spam/bot use rate which Twitter doesn’t want to validate. Further, it’s not just Musk who is affected; the other Twitter investors have invested their ‘hard-earn savings’ also.
[”Main Street” is what they call part of their “Making Wall Street work for Main Street” meme]