SEC: Late disclosure helped Musk buy Twitter shares at $150 million discount.
The Securities and Exchange Commission sued Elon Musk yesterday over his late disclosure of a Twitter stock purchase in early 2022. Before Musk bought the whole company, he purchased a 9 percent stake in Twitter and failed to disclose it within 10 days as required under US law.
“Defendant Elon Musk failed to timely file with the SEC a beneficial ownership report disclosing his acquisition of more than […]
SEC sues Elon Musk, says he cheated Twitter investors out of $150 million – Ars Technica