The SEC has filed a lawsuit against Elon Musk, accusing him of failing to timely disclose his acquisition of more than 5 percent of Twitter shares in early 2022. Due to the delay in notification, Musk, according to the SEC, saved at least $150 million on subsequent stock purchases. Musk began accumulating shares in January 2022 but only disclosed his stake in April, violating the established deadline. The SEC is also conducting an investigation into potential violations of securities laws and Musk's statements regarding his deal with Twitter.
1/15/2025 12:10:24 PM (GMT+1)
The SEC has filed a lawsuit against Elon Musk for failing to timely disclose his purchase of more than 5 percent of Twitter shares, which allowed him to save at least $150 million 💰
143
Total views in all languages
Share: 100
x3
This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
Top Articles of the Last 10 Days
The US has begun returning Chinese cryptocurrency mining machines after their confiscation due to security regulations and trade sanctions against China
Russia excluded Bitcoin from national reserves, strengthening its positions in gold and the Chinese yuan as part of a financial strategy to ensure stability and liquidity
Coinbase resumes operations in India after obtaining approvals from the Financial Intelligence Unit (FIU), with plans to launch retail services and expand its crypto platform in 2025
The hacker group Dark Storm has claimed responsibility for the large-scale cyberattack that caused disruptions on the social network X (formerly Twitter)
Nigeria receives $60 million from confiscated US assets after Tigran Gambaryan’s release, strengthening cooperation in the fight against corruption and financial crimes
Binance will remove nine stablecoins, including USDT and DAI, from March 31 in Europe to comply with the MiCA regulation, while support for storing and withdrawing tokens will remain
The IMF demands that El Salvador stop purchasing Bitcoin by the government sector as part of a $1.4 billion agreement to reduce financial risks and regulate cryptocurrency
