https://wccftech.com/elon-musks-strategic-delay-in-disclosing-his-initial-stake-in-twitter-has-now-drawn-the-ire-of-the-sec-and-the-ftc/

Another day brings another twist in the seemingly endless saga of Elon Musk's Twitter (NYSE:TWTR) takeover bid, which now oozes nail-biting suspense worthy of a Latin telenovela.

Readers would remember that Musk had disclosed his initial 9.2 percent stake in Twitter on the 04th of April – around ten days after having exceeded the 5 percent stake disclosure threshold. Bear in mind that the Hart-Scott-Rodino Act mandates prompt disclosure when any person or entity acquires a stake of at least 5 percent in a public company.