SEC Sues Elon Musk Over Alleged Securities Violation Linked To Twitter Purchase
The Securities and Exchange Commission sued tech billionaire Elon Musk on Tuesday, accusing him of securities fraud linked to his $44 billion takeover of Twitter, now known as X. The SEC specifically accused Musk of failing to disclose his ownership stake of Twitter in a timely manner before purchasing the social media platform outright in 2022.
The Securities Exchange Commission has filed suit against Elon Musk, alleging that he violated securities law.
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