The US Securities and Exchange Commission sued Elon Musk on Tuesday for failing to properly disclose his ownership of X, then ...

The financial regulator wants Musk to pay a civil penalty and remedies over alleged “unjust enrichment” ahead of his 2022 ...

Elon Musk is being sued by the U.S. Securities and Exchange Commission over his 2022 Twitter takeover. The agency alleges ...

The U.S. Securities and Exchange Commission (SEC) has sued Elon Musk, alleging that the billionaire failed to disclose his ...

According to the SEC complaint, Musk didn’t follow disclosure rules, “allowing him to underpay by at least $150 million for shares he purchased after his financial beneficial ownership report was due.

“Investors who sold Twitter common stock during this period did so at artificially low prices and thus suffered substantial economic harm.” Alex Spiro, a lawyer for Musk, said the action is “an ...

The US Securities and Exchange Commission (SEC) has accused Elon Musk of violating federal securities law by delaying the disclosure of his 2022 stake in Twitter, which has since been rebranded as X.

The U.S. Securities and Exchange Commission (SEC) this week filed a suit against X, formerly Twitter, owner Elon Musk over Twitter stock purchases he made in 2022. Musk didn’t disclose in a ...

Musk is accused of lowballing shareholders by waiting 11 days to disclose his ownership in Twitter, saving himself at least ...

The SEC claims that Musk made his stake in Twitter public 11 days after that deadline. “Because Musk failed to timely disclose his beneficial ownership, he was able to make these purchases from ...

SEE ALSO: Twitter shareholder Elon Musk is reportedly being investigated by the SEC. Again. However, rather than disclosing his purchase by March 24, Musk allegedly waited 11 days past the ...

Musk, according to the SEC’s complaint filed in U.S. District Court in Washington, D.C, purchased more than $500 million worth of Twitter stock between March 25, 2022, and April 1, 2022 ...