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.
The Securities Exchange Commission has filed suit against Elon Musk, alleging that he violated securities law.
Elon Musk cheated Twitter shareholders out of more than $150 million by waiting too long to disclose his growing stake in the ...
He waited too long to disclose his growing stake in company as he prepared a takeover bid, agency said. Read more at ...
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