Gary Gensler, the outgoing head of the SEC, has green-lighted a lawsuit against Elon Musk as one of his last official acts in office, setting the stage for a messy court battle ahead. “The SEC filed a lawsuit against Elon Musk on Tuesday, alleging the billionaire committed securities fraud in 2022 by failing to disclose his ownership in Twitter and buying shares at “artificially low prices.”” – CNBC — Evan (@StockMKTNewz) January 14, 2025 As we’ve noted previously, Elon Musk only disclosed his initial 9.2 percent stake in Twitter – now rebranded as X – on the 04th of April 2022. As per […]
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