US SEC sues Musk, saying he didn’t disclose Twitter ownership on time
US SEC sues Musk, saying he didn’t disclose Twitter ownership on time

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. As a result, the SEC alleges, Musk was able to underpay by at least $150 million for...