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 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...