SEC lawsuit claims Musk gained over $150 million by delaying Twitter stake disclosure
After a more than two-year investigation, the Securities and Exchange Commission has sued Elon Musk over his delayed disclosure of the Twitter stock he amassed before announcing his intention to acquire the company in 2022.
SEC sues Musk, alleging Twitter-related securities violation
The Securities and Exchange Commission (SEC) has sued tech billionaire Elon Musk, alleging he committed securities fraud by failing to disclose his ownership of Twitter. According to the SEC
SEC sues Elon Musk, alleging failure to properly disclose Twitter ownership
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.
SEC sues Elon Musk, claiming disclosure failures with Twitter stock
The US Securities and Exchange Commission has sued Elon Musk, claiming he failed to timely file that he “had acquired beneficial ownership” through Twitter stock purchases in 2022. The SEC said in a Jan.
US: SEC sues Elon Musk for securities violation over X
US financial regulator has sued Elon Musk for failing to properly disclose his purchase of Twitter shares, a secrecy that allowed him to buy stock at "artificially low prices."
SEC Sues Elon Musk, Saying He Didn't Disclose Twitter Ownership on Time Before Buying It
The U.S. Securities and Exchange Commission has sued billionaire Elon Musk, saying he failed to disclose his ownership of Twitter stock in a timely manner in early 2022, before buying the social media
SEC sues Elon Musk over Twitter purchase disclosures
"Musk underpaid Twitter investors by more than $150 million for his purchases of Twitter common stock during this period," the SEC said.
US SEC sues Elon Musk over late disclosure of Twitter stake
Elon Musk was sued on Tuesday by the U.S. Securities and Exchange Commission, which accused the world's richest person of waiting too long to disclose in 2022 he had amassed a large stake in Twitter,
Elon Musk underpaid Twitter acquisition by $150M by not disclosing stake, SEC alleges
The SEC sued Elon Musk in federal court on Tuesday for allegedly misleading shareholders when he bought hundreds of millions of dollars worth of Twitter stock in 2022.
US markets watchdog sues Musk over Twitter stake disclosure
The US markets watchdog has filed a lawsuit against Elon Musk alleging he failed to disclose that he had amassed a stake in Twitter, allowing him to buy shares at "artificially low prices." The Securities and Exchange Commission (SEC) lawsuit alleges that the multi-billionaire Tesla boss saved $150m (£123m) in share purchases as a result.
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