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Bullish
🔍 Elon Musk vs. SEC: A Million-Dollar Clash!
Elon Musk, the billionaire behind Tesla and SpaceX, is once again in the crosshairs of the U.S. Securities and Exchange Commission (SEC). This time, he’s accused of delaying the disclosure of his Twitter stock purchases, allegedly saving himself $150 million in the process.
👉 In 2022, Musk acquired over 5% of Twitter's shares but failed to notify the market within the required timeframe, delaying disclosure by 11 days and violating SEC rules. This isn’t Musk’s first legal skirmish with the SEC. Back in 2018, he faced allegations over tweets claiming he had "funding secured" to take Tesla private, leading to multimillion-dollar fines and leadership changes at Tesla.
Is this the start of another intense legal battle for Musk? Stay tuned!
Sources:
SEC.gov - Twitter Case
SEC.gov - Tesla Case 2018
#TRUMPOnBinance #ElonMusk #TrumpCountDown #X
Elon Musk, the billionaire behind Tesla and SpaceX, is once again in the crosshairs of the U.S. Securities and Exchange Commission (SEC). This time, he’s accused of delaying the disclosure of his Twitter stock purchases, allegedly saving himself $150 million in the process.
👉 In 2022, Musk acquired over 5% of Twitter's shares but failed to notify the market within the required timeframe, delaying disclosure by 11 days and violating SEC rules. This isn’t Musk’s first legal skirmish with the SEC. Back in 2018, he faced allegations over tweets claiming he had "funding secured" to take Tesla private, leading to multimillion-dollar fines and leadership changes at Tesla.
Is this the start of another intense legal battle for Musk? Stay tuned!
Sources:
SEC.gov - Twitter Case
SEC.gov - Tesla Case 2018
#TRUMPOnBinance #ElonMusk #TrumpCountDown #X
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