SEC Accuses Elon Musk of Failing to Disclose Twitter Stock Ownership
- The US Securities and Exchange Commission (SEC) has filed a lawsuit against Elon Musk.
- Musk allegedly violated US securities laws by not disclosing his ownership of over 5% of Twitter’s stock.
- The disclosure failure reportedly occurred in early 2022.
The SEC claims that Elon Musk did not meet the legal requirement to disclose his acquisition of more than 5% of Twitter’s stock in early 2022, which is considered a violation of US securities laws.
