TWG Global said its stakes in the Los Angeles Dodgers and Cadillac Formula 1 team are not for sale, rejecting speculation that it may sell assets amid investigations into potential tax fraud. The Securities and Exchange Commission (SEC), the U.S. securities regulator, and the U.S. Attorney’s Office for the Southern District of New York are investigating the company and, more specifically, founder and CEO Mark Walter. The statement followed Walter’s reported $12.5 billion sale of his stake in the Los Angeles Lakers, acquired for $10 billion barely a year earlier. TWG also denied that the Dodgers were acquired or funded improperly and said it was not considering exiting Cadillac F1 or any other part of TWG Motorsports.