SEC Sues Elon Musk Over Late Disclosure of Twitter Buy!

The U.S. Securities and Exchange Commission (SEC) sued Elon Musk on January 15, 2025, for allegedly delaying disclosure of his Twitter stock purchases in early 2022. The SEC claims this allowed Musk to buy shares at artificially low prices, saving him at least $150 million. Musk's attorney denies wrongdoing, calling the lawsuit a "sham." The lawsuit comes amid an SEC leadership transition, raising questions about its future trajectory under the incoming administration. This marks Musk's third significant legal battle with the SEC. The case involves substantial financial and reputational stakes for both parties.