Ahead Of Trump Inauguration, Elon Musk Sued By US SEC Over Delayed Disclosure Of Twitter Stake

Ahead Of Trump Inauguration, Elon Musk Sued By US SEC Over Delayed Disclosure Of Twitter Stake

News Brief Arjun Brij Jan 15, 2025, 11:19 AM | Updated 11:19 AM IST The US Securities and Exchange Commission (SEC) filed a lawsuit against Elon Musk on Tuesday (14 January), accusing him of violating federal securities laws by delaying the disclosure of his substantial stake in Twitter, which he later acquired and renamed X. The complaint, filed in a Washington, DC federal court, centres on Musk’s alleged failure to disclose his purchase of 5 per cent of Twitter's common …