The Security and Exchange Commission (SEC) filed a lawsuit against Elon Musk, owner of social media giant X (formerly known as Twitter), on January 14 in a federal court in Washington, D.

The SEC alleges Elon Musk violated federal securities law by failing to disclose his more than 5% stake in Twitter on time.

According to the SEC complaint, had Musk disclosed his ownership of shares in Twitter before his $44 billion deal, stock prices would have been significantly higher.

The US markets regulator has filed a lawsuit ... allowing him to buy shares at lower prices. The Securities and Exchange Commission (SEC) said in its filing that the Tesla boss saved around ...

The US SEC has filed a lawsuit against Elon Musk, Tesla Inc. founder, over alleged violations in Twitter acquisition.

The United States’ Securities and Exchange Commission (SEC ... The SEC says that at that point, the Tesla and SpaceX boss, by law, was required to disclose his ownership, but failed to do ...

The Securities Exchange Commission has filed suit against Elon Musk, alleging that he violated securities law.

Elon Musk was sued on Tuesday by the U.S. Securities and Exchange Commission, which accused the world's richest person of ...