SEC Accuses Elon Musk Of Buying Up Twitter Stock At Deflated Price
The Securities and Exchange Commission has filed a lawsuit against Elon Musk alleging that in the lead-up to his acquisition of Twitter in 2022, he illegally failed to disclose he’d amassed a large portion of stock in the company ― allowing him to buy more shares of the platform at “artificially low prices.”
Elon Musk sued by SEC for late disclosure of Twitter stock purchase
The U.S. Securities and Exchange Commission (SEC) has sued Elon Musk, alleging that the billionaire failed to disclose his acquisition of Twitter stocks within the legally required timeframe in 2022. The most surprising aspect of this lawsuit is that it took so long to arrive.
The financial regulator ordered Musk to pay a civil penalty and remedies over alleged “unjust enrichment” ahead of his 2022 ...
Musk is accused of lowballing shareholders by waiting 11 days to disclose his ownership in Twitter, saving himself at least ...
9hOpinion
If Musk’s deconstruction of X indicates what’s in store for TikTok, it’s not likely to be a win for the more than 170 million ...
2don MSN
As a "special government employee," Musk would be subject to less stringent conflict of interest standards than regular ...
1don MSN
Speaking to Fortune, pension fund provider ABP said it liquidated its entire holding in Tesla long before Musk began wading ...
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