Tesla stock was up in premarket trading Wednesday as investors were forced to consider—again—what conflict between CEO Elon Musk and the Securities and Exchange Commission means for shares of his electric-vehicle maker.
Elon Musk is facing a lawsuit from the SEC for allegedly not properly disclosing his ownership of Twitter, which allowed him to acquire shares at lowe
The Security and Exchange Commission (SEC) filed a lawsuit against Elon Musk, owner of social media giant X (formerly known as Twitter), on January 14 in a federal court in Washington, D.
The US Securities and Exchange Commission sues Elon Musk saying he failed to disclose Twitter ownership in a timely manner.
Elon Musk is being sued by the U.S. Securities and Exchange Commission, claiming he didn't disclose purchases of Twitter stock in 2022 immediately, allowing him to underpay.
The Securities and Exchange Commission sued Tesla CEO Elon Musk for allegedly delaying a disclosure of a stake in Twitter—allowing him to "underpay by at least $150 million for shares he purchased after his beneficial ownership report was due.
The U.S. Securities and Exchange Commission has sued billionaire Elon Musk, saying he failed to disclose his ownership of Twitter stock in a timely manner in early 2022, before buying the social media site.
Musk's legal representative Alex Spiro dismissed the SEC's case as a tiny procedural point and called it a 'ticky tack complaint' saying that the agency's why harassment.' Musk ['s] actions are the opposite of overreach, said Spiro, and he had 'done nothing wrong.'
The agency said the world's richest person violated federal securities law by waiting too long to disclose his initial purchase of 5% of the social media platform's common shares
The Securities Exchange Commission has filed suit against Elon Musk, alleging that he violated securities law.
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