SEC.gov | Elon R. Musk
Jan 15, 2025 · According to the SEC’s complaint, Musk underpaid by at least $150 million for his purchases of Twitter common stock in this period. The complaint further alleges that, due to Musk’s failure to timely file a beneficial ownership report with the SEC, investors that sold Twitter common stock between March 25, 2022 and April 1, 2022 did so at ...
SEC sues Elon Musk for allegedly failing to properly disclose ...
Jan 14, 2025 · The US Securities and Exchange Commission sued Elon Musk on Tuesday for failing to properly disclose his ownership of X, then known as Twitter, which allowed him to buy shares of the platform at ...
SEC sues Elon Musk, saying he didn’t disclose Twitter ...
Jan 15, 2025 · “As the SEC retreats and leaves office — the SEC’s multi-year campaign of harassment against Mr. Musk culminated in the filing of a single-count ticky tack complaint against Mr. Musk under Section 13(d) for an alleged administrative failure to file a single form — an offense that, even if proven, carries a nominal penalty,” Spiro added.
S.E.C. Sues Elon Musk Over Twitter-Related Securities ...
Jan 14, 2025 · U.S. securities regulators sued Elon Musk in federal court in Washington on Tuesday in an enforcement action arising from his $44 billion purchase of Twitter, now called X.
Why the SEC’s lawsuit against Musk is likely to last
Jan 15, 2025 · In an 11-page complaint, the SEC alleged that billionaire Musk failed to properly disclose that he had acquired a major stake in Twitter in 2022. The SEC said that by doing so, he was able to...
SEC sues Elon Musk, accusing him of withholding info that ...
Jan 15, 2025 · The SEC has sued billionaire X owner Elon Musk, alleging he failed to disclose his ownership of Twitter stock in a timely manner in 2022. The SEC has sued billionaire X owner Elon Musk, alleging ...
SEC sues Elon Musk, alleging failure to properly disclose ...
Jan 14, 2025 · The SEC on Tuesday filed a suit against Elon Musk, alleging the billionaire violated securities law by acquiring Twitter shares at "artificially low prices."