The SEC alleges Elon Musk violated federal securities law by failing to disclose his more than 5% stake in Twitter on time.
According to the SEC complaint, Musk didn’t follow disclosure rules, “allowing him to underpay by at least $150 million for ...
The financial regulator wants Musk to pay a civil penalty and remedies over alleged “unjust enrichment” ahead of his 2022 purchase of the social network.
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.
Whether it's investigating the financials of Elon Musk's pro-Trump PAC ... of more than five percent of Twitter common stock and investment purpose,” the SEC said in a release.
MORE: Elon Musk shares letter saying SEC sent him 'settlement demand' regarding his purchase of Twitter In its lawsuit filed Tuesday, the SEC accused Musk of misleading shareholders as he began to ...
"Defendant Elon Musk failed to timely file with the SEC a beneficial ownership report disclosing his acquisition of more than five percent of the outstanding shares of Twitter's common stock in ...
Elon Musk expands the lawsuit against the World Federation of Advertisers, accusing them of an advertising boycott of ...
The SEC sued Elon Musk, accusing the X owner of failing to properly disclose his purchases of Twitter stock in 2022.
Elon Musk was sued on Tuesday by the ... price rose more than 27% following that disclosure, the SEC said. Musk eventually purchased Twitter for $44 billion in October 2022, and renamed it X.
The billionaire seems to be repeating his Twitter playbook. The question is why? And will he get away with it?
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, ...