SEC Sues Elon Musk for Failing to Report Twitter Stock Purchases

The SEC said Musk was required to disclose his Twitter stock ownership by March 24.

Because he failed to do so, he was able to buy more shares between March 25 and April 1 at a deep discount.

According to the SEC, people who sold before learning of Musk's actions were also hurt. Earlier this week, the U.S. Securities and Exchange Commission filed a lawsuit against billionaire tech mogul Elon Musk, alleging that he failed to disclose his ownership of Twitter stock as required by federal law.

As a result, he was able to buy more shares, and eventually the entire company, at "artificially low prices… )))))))))

Here's a pig 🐽🐽🐽🐽😄😄😄