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The Securities and Exchange Commission is continuing its $150 million lawsuit against Elon Musk that was brought during the Biden administration.
Elon Musk accused the Securities and Exchange Commission (SEC) of launching a purely politically motivated probe into his Twitter purchase. In a letter from his lawyer, Alex Spiro, Musk alleged that ...
Robin Andrews led contentious litigation against Musk that was filed shortly before President Trump took office.
Before acquiring Twitter, now known as X, for $44 billion in October 2022, Musk had increased his shares in the company. The SEC requires investors to disclose when they own more than 5 percent of ...
According to the SEC, Musk’s delayed disclosure in April 2022—21 days after his purchase—enabled him to acquire more shares at lower prices, saving him $150 million on his Twitter acquisition.
SEC Acting Chair Mark Uyeda reportedly voted against suing Elon Musk over the delayed disclosure of his Twitter stock purchases—making him the only one to oppose the move among five ...
Making drastic cuts to the Securities and Exchange Commission won’t save taxpayers a dime. But the Wall Street regulator ...
When Elon Musk announced that his AI startup, xAI, had acquired his social media company, X, in an all-stock deal, it raised ...
A spokesperson for the SEC also declined to comment. Musk’s more recent dispute with the SEC came after he acquired Twitter in 2022. The SEC launched an investigation into Musk buying a minority ...
which accuses him of misleading investors when he bought millions of dollars in Twitter stock in 2022, prior to his acquisition of the company. The SEC brought the case against Musk on Jan. 14 ...