SEE ALSO: Twitter shareholder ElonMusk is reportedly being investigated by the SEC. Again. However, rather than disclosing his purchase by March 24, Musk allegedly waited 11 days past the ...
The Securities and Exchange Commission (SEC) filed a lawsuit against tech billionaire Elon Musk, accusing him of failing to disclose his ownership of Twitter stock in a timely manner in early 2022.
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.