The SEC sued Elon Musk, accusing the X owner of failing to properly disclose his purchases of Twitter stock in 2022.

The SEC alleges Elon Musk violated federal securities law by failing to disclose his more than 5% stake in Twitter on time.

The U.S. Securities and Exchange Commission has sued billionaire Elon Musk, saying he failed to disclose his ownership of ...

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An SEC rule requires investors who own more than 5% of a stock to disclose their stake within 10 days, but the agency ... He paid $44 billion for the social media platform.

Musk waited until April 4, 2022, 11 days after the report was due, to publicly disclose his beneficial ownership in an SEC report, the commission says. "Investors who sold Twitter common stock ...

the social media company he later bought. In a complaint filed in a Washington, D.C. federal court, the SEC said Musk violated federal securities law by waiting 11 days too long to disclose his ...

The agency’s complaint, which was immediately disputed by a lawyer for Musk, accuses the billionaire of failing to promptly report that he had amassed more than 5% of the social-media platform ...

The delay resulted in the Tesla CEO buying a significant stake in the social media company at an artificial ... to disclose their stakes to the SEC within 10 days of hitting that threshold.

Musk waited until April 4, 2022, 11 days after the report was due, to publicly disclose his beneficial ownership in an SEC report, the commission says. "Investors who sold Twitter common stock ...