SEC Sues Elon Musk Over X Purchase, Says He Acquired Shares at ‘Artificially Low Prices’

The Wrap
By Sean BurchJan 14, 2025, 6:38 pm237 ptsTop
The U.S. Securities and Exchange Commission sued Elon Musk on Tuesday, claiming he committed securities fraud by buying shares of Twitter at “artificially low prices.” Musk did this, the SEC alleges, by failing to timely disclose he had built up a position greater than 5% in the company. The SEC’s lawsuit…

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