Ken Paxton, the attorney general of Texas, is investigating Twitter over its reported user numbers.
, a securities law expert who previously served as regional director of the SEC's San Francisco office, said Paxton's announcement is a bit unusual because such matters are typically handled at the state level.
"States aren't necessarily equipped to do this sort of sophisticated investigation," Fagel said."It's one thing if you're dealing with a local company, but if you're talking about a national, publicly traded company in another state, that's the province of the SEC."Elon Musk, during an event at SpaceX headquarters in Hawthorne, California, U.S., on Thursday, Oct. 10, 2019.
Last year, Musk moved his electric vehicle maker's headquarters to Austin, Texas, from Palo Alto, California, and followed by opening an enormous
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