SEC sues Elon Musk, accusing him of withholding information that value Twitter traders tens of millions

SEC sues Elon Musk, accusing him of withholding information that value Twitter traders tens of millions

The Securities and Trade Fee on Tuesday filed a lawsuit in opposition to Elon Musk, alleging the X proprietor misled shareholders about his Twitter inventory purchases in 2022.  The swimsuit alleges Musk violated federal securities legal guidelines, enabling him to buy shares of Twitter at artificially low costs earlier than his $44 billion takeover of…

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