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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 ...
The SEC has sued billionaire X owner Elon Musk, alleging he failed to disclose his ownership of Twitter stock in a timely manner in 2022. ... according to the SEC filing. He was required to file a ...
By mid-March 2022, he owned more than 5% of the company’s common stock and was required to disclose that to the SEC within 10 calendar days. The filing alleged that Musk failed to disclose that ...
The SEC alleges Elon Musk violated federal securities law by failing to disclose his more than 5% stake in Twitter on time. Elon Musk sued by SEC over late 2022 disclosure of Twitter stake Skip to ...
Musk, according to the SEC’s complaint filed in U.S. District Court in Washington, D.C, purchased more than $500 million worth of Twitter stock between March 25, 2022, and April 1, 2022, and ...
The SEC filing is a financial statement or other formal document submitted to the U.S. Securities and Exchange Commission (SEC). Public companies , certain insiders, and broker-dealers are required to make regular SEC filings.
The SEC has been investigating whether Musk broke securities laws in 2022 when he bought stock in Twitter, which Musk subsequently renamed X, as well as statements and filings he made in relation ...
The following Monday, April 4, Musk filed a 13G beneficial ownership report with the SEC, disclosing for the first time that he held more than 5% of Twitter’s stock. In the filing, Musk ...