SEC Sues Elon Musk, Accuses Billionaire of Failure to Disclose Twitter Stock Buys
The SEC sued Elon Musk, claiming he deliberately waited too long to disclose his purchase of more than 5% of Twitter shares in 2022.
SEC sues Elon Musk over failing to disclose Twitter stock stake
Elon Musk is being sued by the U.S. Securities and Exchange Commission, claiming he didn't disclose purchases of Twitter stock in 2022 immediately, allowing him to underpay.
SEC Accuses Elon Musk of Failing to Disclose Twitter Stock Purchases in 2022
The SEC sued Elon Musk, accusing the X owner of failing to properly disclose his purchases of Twitter stock in 2022.
SEC sues Elon Musk over alleged failure to disclose purchase of Twitter stock
In total, Musk underpaid Twitter investors by more than $150 million for his purchases of Twitter common stock during this period,” the SEC said in a complaint reported by Politico. “Investors who sold Twitter common stock during this period did so at artificially low prices and thus suffered substantial economic harm.
SEC sues Elon Musk, saying he didn't disclose Twitter ownership on time before buying it
The U.S. Securities and Exchange Commission has sued billionaire Elon Musk, saying he failed to disclose his ownership of Twitter stock in a timely manner in early 2022, before buying the social media
SEC sues Elon Musk over Twitter purchase disclosures
The lawsuit marks the latest salvo in a years-old feud between the SEC and Musk, who has become one of the regulator's highest-profile critics.
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