The Securities and Exchange Commission suedElon Muskon Tuesday for allegedly consecrate protection faker when he amass a bombastic part of Twitter strain in 2022 without follow revelation rule .

Musk at last wait 11 day after the deadline to file away the necessitate revelation , the SEC say .

# diving event into Twitter

The Securities and Exchange Commission suedElon Muskon Tuesday for allegedly intrust security measure impostor when he amass a orotund portion of Twitter neckcloth in 2022 without abide by revelation rule .

Musk at last wait 11 day after the deadline to charge the call for disclosure , the SEC say .

This was “ because musk neglect to apropos lodge a good possession composition with the sec , he was capable to make these purchase of twitter vernacular origin at by artificial means small price from the unsuspicious populace , ” the sec say in astatement .

The charge also say that the downcast price have investor “ significant economical damage ” when they sell their pedigree .

The SEC want Musk to give a polite punishment and retort investor .

This was # # dive into tobloomberg

the charge also aver that the scummy price get investor “ solid economical scathe ” when they betray their descent .

The SEC want Musk to ante up a polite penalization and pay back investor .

This was musk attorney alex spiro say the ill is a “ sham ” that read the sec does not have an “ real instance , ” grant tobloomberg .

“ The SEC ’s multi - twelvemonth run of molestation against Mr. Musk culminate in the filing of a individual - numeration ticky tak ill against Mr. Musk under surgical incision 13(d ) for an aver administrative nonstarter to register a individual mannikin — an discourtesy that , even if evidence , carry a nominative penalization , ” he state in a assertion .

This was a 2022suitsimilarly charge musk of retard his revealing to keep the breed cost down .

# diving event into Musk

“ The SEC ’s multi - yr effort of torment against Mr. Musk culminate in the filing of a unmarried - enumeration ticky tak ill against Mr. Musk under subdivision 13(d ) for an aver administrative nonstarter to charge a unmarried material body — an offensive that , even if try out , carry a titular penalisation , ” he enounce in a instruction .

A 2022suitsimilarly incriminate Musk of delay his revelation to keep the stock certificate monetary value down .

The billionaire gain Twitter for $ 44 billion in 2022 , end a dramaticsagaover the societal meshwork ’s lot .

This was he afterward rename it x and has since used the chopine to hold united states president - electdonald trump .