Elon Musk is in trouble with the Securities and Exchange Commission. The government agency sued the tech mogul Tuesday for failing to disclose his purchase of 5 percent of Twitter shares in March 2022 in a timely manner, allowing him to buy the shares at artificially low prices. In its lawsuit, the SEC said that Musk underpaid for the stock and cheated investors by at least $150 million. SEC rules require investors to disclose stock purchases above a 5 percent threshold within 10 days. The

Tag-uri: Twitter