The SEC sued Musk for failing to disclose the purchase of Twitter shares and spending $150 million less
The SEC filed a lawsuit in federal court in Washington, D.C., on Tuesday against Musk for alleged securities violations, which the SEC said violated federal securities laws by buying more than 9% of Twitter's common stock in March 2022 but failing to disclose relevant information in a timely manner. After a delay of 11 days, Musk publicly disclosed his beneficial ownership in a report filed with the SEC on April 4, 2022. The delay allowed Musk to continue buying Twitter stock at an artif...
The SEC sued Musk for failing to disclose the purchase of Twitter shares and spending $150 million less
The SEC filed a lawsuit in federal court in Washington, D.C., on Tuesday against Musk for alleged securities violations, which the SEC said violated federal securities laws by buying more than 9% of Twitter's common stock in March 2022 but failing to disclose relevant information in a timely manner. After a delay of 11 days, Musk publicly disclosed his beneficial ownership in a report filed with the SEC on April 4, 2022. The delay allowed Musk to continue buying Twitter stock at an artif...
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