Musk hits back at US market watchdog after lawsuit - Daily Telegraph NZ

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Elon Musk has called the Securities and Exchange Commission a "completely broken organization."

Eldiario.es

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The stock market regulator takes a new legal action against the tycoon before the next resignation of its president. He accuses him of not informing him in time of the acquisition of the first shareholding package of the social network, which ended up leading to the purchase of 100% of TwitterAfter folding Meta, Trump and Musk plan the following movement for networks: that X buy TikTok in the US The US stock market regulator has filed a lawsuit …

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According to the American Financial Market Regulatory Authority, Elon Musk would have saved at least $150 million by failing to report a stock purchase “in due time” The Authority

Le Monde

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According to the American Financial Market Regulatory Authority, the billionaire did not report on time the acquisition of more than 5% of the platform's outstanding ordinary shares in March 2022, “which allowed him to pay an artificially low price.”

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The US Securities and Exchange Commission (SEC) filed a complaint on Tuesday, January 14, against Elon Musk for failing to “timely” disclose a purchase of Twitter shares in March 2022, before taking control of the platform. “Elon Musk failed to timely report to the SEC […] his acquisition of... The post Twitter share buyback: why the US stock market regulator is pursuing Elon Musk appeared on Rmag.