09:45 AM EST, 02/25/2025 (MT Newswires) -- U.S. Securities and Exchange Commission enforcement staff members were asked to declare that a potential case against Tesla's (TSLA) Elon Musk over his acquisition of Twitter in 2022 was not politically motivated, Bloomberg reported Tuesday, citing three sources familiar with the matter.

The commission's acting chairman Mark Uyeda in January asked enforcement staff members to pledge that there was no political motivation in a case involving Musk's acquisition of the microblogging platform but the staff members refused, according to the report.

The staff's case alleged that Musk missed a deadline to disclose his stake in the social media platform, which kept share prices low amid his buying spree, the report said.

The SEC did not immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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