SEC Sues Elon Musk for Late Twitter Stock Disclosure
The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against billionaire Elon Musk, accusing him of failing to disclose his ownership of Twitter stock within the legally required timeframe in early 2022. The SEC alleges that Musk’s delayed disclosure allowed him to acquire Twitter shares at a reduced price, resulting in an underpayment … Read more