SEC sues Elon Musk over delayed Twitter stake disclosure – CBT News

Musk’s ongoing tensions with the SEC are emblematic of his broader contentious relationship with regulators.
The U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Elon Musk on Tuesday, accusing him of waiting too long to disclose his significant purchase of Twitter shares in 2022. The SEC claims that Musk violated federal securities laws by delaying his disclosure of a 5% stake in Twitter by 11 days, giving him an unfair advantage in acquiring more shares at lower […]
SEC sues Elon Musk over delayed Twitter stake disclosure – CBT News