SEC Sues Elon Musk Over Alleged Twitter Stock Disclosure Violation ⚖️
The Securities and Exchange Commission (SEC) has filed a lawsuit against Elon Musk, accusing him of violating federal securities laws during his acquisition of Twitter in 2022.
The SEC claims that Musk failed to disclose his ownership stake in Twitter in a timely manner, which allegedly allowed him to buy shares at prices that were "artificially low."
This legal action adds to the ongoing scrutiny that Musk faces from regulatory authorities regarding his business practices and stock market activities.
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