SEC sues Elon Musk for allegedly failing to properly disclose his Twitter ownership stake
The US Securities and Exchange Commission sued Elon Musk on Tuesday for failing to properly disclose his ownership of X, then known as Twitter, which allowed him to buy shares of the platform at “artificially low prices.
Less than a week before Donald Trump takes office, the SEC has filed a complaint against his most prominent benefactor.
The Securities Exchange Commission has filed suit against Elon Musk, alleging that he violated securities law.
Musk bought Twitter shares at 'artificially low prices' and saved $150 million because he reported his Twitter stake late, ...
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