The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Elon Musk, alleging that he failed to disclose his acquisition of more than 5% of Twitter’s stock within the required timeframe in 2022. The SEC claims Musk was obligated to report his stake by March 24, 2022, but instead delayed the filing until April 4, 2022—an 11-day gap. During this period, Musk reportedly purchased additional shares at lower prices, saving an estimated $150 million.



📊 Why This Matters:


In the U.S., any investor who acquires more than 5% of a publicly traded company is legally required to disclose their stake within 10 calendar days. This rule is designed to ensure market transparency and prevent any unfair advantages for larger investors.



📌 Trusted Sources:



  • The Wall Street Journal: "SEC Sues Elon Musk Over Twitter Stock Buys"


  • Investopedia: "SEC Alleges Musk Saved $150 Million Through Delayed Disclosure"


  • The New York Times: "Elon Musk Accused of Market Manipulation by SEC"



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This content is for informational purposes only and should not be considered financial or legal advice. Always consult a professional before making investment decisions.


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