Elon Musk was sued on Tuesday by the US Securities and Exchange Commission, which accused the world's richest person of waiting too long to disclose in 2022 he had amassed a large stake in Twitter, the social media company he later bought. In a complaint filed in Washington, D.C. federal court, the SEC said Musk violated federal securities law by waiting 11 days too long to disclose his initial purchase of five percent of Twitter's common shares. An SEC rule requires investors to disclose w
Recommended For You
