Tag Archives: Disclose

US SEC Sues Elon Musk Over Failure to Timely Disclose Twitter Ownership

US SEC Sues Elon Musk Over Failure to Timely Disclose Twitter Ownership

The United States Securities and Exchange Commission (SEC) has filed a lawsuit against Elon Musk, the world’s richest man, for failing to disclose his acquisition of Twitter (renamed X) stock on time. According to the complaint, Musk started accumulating shares of Twitter common stock in early 2022 and, by March 14, had crossed the 5% stock ownership threshold. At this …

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