According to CNBC, Elon Musk was served a court summons in the SEC’s civil case over his 2022 Twitter stock purchases. The SEC claims Musk failed to disclose his stake in Twitter within the required 10-day window after surpassing a 5% ownership threshold. The delay allegedly saved him at least $150 million before he acquired the company for $44 billion. The SEC’s enforcement capacity has diminished under Trump’s White House, which has cut staff and reversed investigative policies.
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Elon Musk Served Court Summons In SEC Case Over Delayed Disclosure Of Twitter Stake In 2022
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