The Securities and Exchange Commission (SEC) sued Tesla (TSLA) CEO Elon Musk for allegedly delaying a disclosure of a stake in Twitter in early 2022—allowing him to “underpay by at least $150 million for shares he purchased after his beneficial ownership report was due.”
The regulator said that by March 14, 2022, Musk had a greater than 5% in Twitter and didn’t disclose it within the 10-day time frame required to put in a 13D filing. Musk only disclosed the stake on April 4, 2022, the […]
SEC Sues Musk for 'Underpaying' for Twitter Stock Amid Takeover – Investopedia