SEC Charges Elon Musk With “Ill-Gotten Gains” From Late Disclosure Of Initial Twitter Investment

The Securities and Exchange Commission filed an action against Elon Musk dating back to his 2022 acquisition of Twitter, now X. alleging that he was “enriched” to the tune of $150 million by not reporting a stake he had amassed in the social media platform within a required five day window and, instead, buying more