SEC Resumes Neuralink Probe, Musk's Lawyer Alex Spiro Rejects Settlement Demand

Dec 13, 2024, 12:11 PM

The U.S. Securities and Exchange Commission (SEC) has resumed its investigation into Neuralink, Elon Musk's brain-chip startup, according to a letter shared by Musk on his social media platform X. The investigation follows a multi-year probe and what Musk's lawyer, Alex Spiro, described as 'more than six years of harassment' by the SEC. The letter also mentioned that the SEC issued a settlement demand requiring Musk to agree within 48 hours to either accept a monetary payment or face charges on numerous counts. This development comes amidst Musk's ongoing feud with the SEC, with recent attacks on the agency's fairness and accusations of it being 'weaponized' for political purposes. Musk has previously clashed with the SEC over issues related to his companies, including Tesla and X (formerly Twitter), and has publicly criticized SEC Chairman Gary Gensler.