US watchdog sues Elon Musk over late disclosure of Twitter stake | Technology
Written by Black Hot Fire Network on January 15, 2025
US Securities and Exchange Commission says Musk’s failure to disclose stake allowed him to underpay $150m for shares.
Elon Musk is being sued by the securities regulator in the United States for allegedly not disclosing his stake in Twitter on time before he bought the social media platform.
The US Securities and Exchange Commission (SEC) said on Tuesday that Musk failed to disclose within the required 10-day period that he acquired more than 5 percent of Twitter’s stock in March 2022.
The Tesla and SpaceX CEO . . .
