As a result, the SEC alleges, Musk was able to underpay “by at least $150 million” for shares he bought after he should have disclosed his ownership of more than 5% of Twitter’s shares.

Paul Atkins, Trump's crypto-friendly pick for SEC chair and former agency commissioner, is widely expected to end a crypto crackdown led by President Biden's Democratic SEC chair Gary Gensler ...

Trump appointee Paul Atkins is set to face a major minefield upon taking over leadership of the SEC, given Musk's close ties to the incoming president Tesla Inc. Chief Executive Elon Musk is in ...

The SEC’s lawsuit, filed in federal court in the District of Columbia, says Musk’s delayed disclosure of his ownership allowed him to save more than $150 million on buying Twitter stock.

Musk has called the SEC "just another weaponized institution doing political dirty work." Musk started buying shares of Twitter, which he later renamed X, in early 2022. By mid-March, he'd ...

“Had Musk and his wealth manager disclosed his ownership as required, the stock price would likely have increased significantly,” the SEC’s lawsuit alleged. Musk bought Twitter in October ...

FILE - Elon Musk speaks as part of a campaign town hall in support of Republican presidential nominee former President Donald Trump in Folsom, Pa., Thursday, Oct. 17, 2024. (AP Photo/Matt Rourke ...

The complaint alleges Musk "failed to timely file with the SEC a beneficial ownership report" disclosing his purchase of Twitter shares before he announced his ownership of the company.

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 owned ...