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 SEC sues Elon Musk claiming disclosure failures with Twitter stock Cointelegraph 3 weeks ago

SEC sues Elon Musk claiming disclosure failures with Twitter stock ⚖️

The SEC has filed a lawsuit against Elon Musk, accusing him of violating United States securities laws. The lawsuit alleges that Musk failed to timely disclose his ownership stake exceeding 5% in Twitter's stock. This disclosure was supposed to happen in early 2022, according to regulations.

Source: cointelegraph.com ↗