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SEC Sues Elon Musk for Delayed Disclosure of Twitter Stock Ownership
The US Securities and Exchange Commission (SEC) sued Elon Musk on Tuesday for failing to disclose his ownership of over 5% of Twitter's stock by mid-March 2022, allowing him to buy shares at artificially low prices, costing investors over \$150 million.
SEC Sues Elon Musk for Delayed Disclosure of Twitter Stock Ownership
The US Securities and Exchange Commission (SEC) sued Elon Musk on Tuesday for failing to disclose his ownership of over 5% of Twitter's stock by mid-March 2022, allowing him to buy shares at artificially low prices, costing investors over \$150 million.
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