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Tesla boss Elon Musk and brother’s trades investigated by SEC

In the wake of Tesla CEO’s share sales, regulators want to probe whether rules were broken

The Securities and Exchange Commission is investigating whether recent stock sales by Tesla chief executive Elon Musk and his brother, Kimbal Musk, violated insider-trading rules, according to people familiar with the matter.

The SEC’s investigation began last year after Kimbal Musk sold shares of Tesla valued at $108m, one day before the Tesla chief polled Twitter users asking whether he should unload 10% of his stake in the electric-car maker and pledging to abide by the vote’s results.

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