atomicpoet on Nostr: The SEC is suing Elon Musk for failing to disclose he acquired a major stake in ...

The SEC is suing Elon Musk for failing to disclose he acquired a major stake in Twitter.

They allege he underpaid Twitter investors to the tune of $150M.

Awkward now that Musk is head of Department of Government Efficiency (DOGE)

https://www.politico.com/news/2025/01/14/sec-sues-elon-musk-over-twitter-purchase-disclosures-00198295