US markets watchdog sues Elon Musk over Twitter stake disclosure
Source: BBC
The US markets watchdog has filed a lawsuit against Elon Musk alleging he failed to disclose that he had amassed a stake in Twitter, allowing him to buy shares at "artificially low prices."The Securities and Exchange Commission (SEC) lawsuit alleges that the multi-billionaire Tesla boss saved $150m (£123m) in share purchases as a result.According to SEC rules, investors whose holdings surpass 5% have 10 days to…
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