Elon Musk was sued on Tuesday by the U.S. Securities and Exchange Commission, which accused the world's richest person of waiting too long to disclose in 2022 he had amassed a large stake in Twitter, ...
The SEC has sued billionaire X owner Elon Musk, alleging he failed to disclose his ownership of Twitter stock in a timely manner in 2022.
According to the SEC complaint, Musk didn’t follow disclosure rules, “allowing him to underpay by at least $150 million for ...
Musk, according to the SEC’s complaint filed in U.S. District Court in Washington, D.C, purchased more than $500 million worth of Twitter stock between March 25, 2022, and April 1, 2022 ...
In a complaint filed in Washington, DC, federal court, the SEC said the delay allowed Musk to continue buying Twitter shares at artificially low prices, allowing him to underpay by at least $150 ...
The SEC alleged that Musk violated federal securities laws when he amassed more than $500 million in shares of Twitter -- later renamed X -- without properly disclosing his stake in the company ...
The U.S. Securities and Exchange Commission (SEC) this week filed a suit against X, formerly Twitter, owner Elon Musk over Twitter stock purchases he made in 2022. Musk didn’t disclose in a ...
Trump has tapped Paul Atkins, a former SEC commissioner and critic of onerous penalties, to helm the agency. The regulator has been probing Musk’s investment in Twitter since 2022, pressing him ...
As Elon Musk and his Department of Government Efficiency associates barrel through the federal government, former Twitter ...
But when it comes to Washington, it’s Twitter that has become real life—inspiring Musk in his quest to reshape the federal ...
The SEC claims that Musk made his stake in Twitter public 11 days after that deadline. “Because Musk failed to timely disclose his beneficial ownership, he was able to make these purchases from ...