SEC sues Elon Musk, says he didn't disclose Twitter ownership on time before purchase

The U.S. Securities and Exchange Commission says Musk failed to disclose his ownership of Twitter stock in a timely manner before buying the site and underpaid by $150 million for shares he bought.

Jan 15, 2025 - 01:49
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SEC sues Elon Musk, says he didn't disclose Twitter ownership on time before purchase
Elon Musk speaks as part of a campaign town hall in support of Donald Trump in Folsom, Pa., on Oct. 17, 2024.

The U.S. Securities and Exchange Commission says Musk failed to disclose his ownership of Twitter stock in a timely manner before buying the site and underpaid by $150 million for shares he bought.

(Image credit: Matt Rourke)

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